Compound Trading Chat Room Stock Trading Plan and Watch list for Thursday May 4, 2017; $TRLD, $SCON, $BVDL, $AMLH, $BUDZ, $FIT, $EXP, $LITE – $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.

Welcome to the morning Wall Street trading day session at Compound Trading!

Notes in red text below are new comments entered specifically today.

Notices:

Last week Thursday, Friday and Monday post market reports will be out soon (we’re a little behind with processing reports).

Today’s Live Trading Room Link:  http://compoundtrading1.clickmeeting.com/livetrading

Looks like I’m up about 2100 on 20k acct after three days in two week double account challenge? Need to pick up the pace #tradingchallenge

Most recent lead trader blog posts:

The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.

Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):

Trading Plan (Buy, Hold, Sell) and Watchlists:

Morning momentum stocks on watch so far: $TRLD, $SCON

Markets: $SPY $ES_F $SPX looks hot, $GLD, $GDX, $SLV are technically on the edge to disaster. $USOIL, $WTI lost critical support as EPIC the Algo warned (see EPIC’s twitter feed – EPIC predicted this many days ago and gave the exact timing for the end of the price time cycle). $DXY is testing critical resistance $VIX trading near 10 year low (as of Monday)

Active OTC on watch: $ELED, $PVCT and $LIGA (I hold),$AMLH and $BLDV $UPZS $OPMZ $MMEX $ACOL $BVTK $USRM $ORRV $JAMN $PFSD

Gaps to Watch: $APTO $SCON $SGMO $CNAT $FIT

Stocks with News:  $CRTV $NVS

SEC Filings to Watch: 

Short Term Trader’s Edge: 

Holds: Most holds are small to mid size (less than 5% of daytrading account) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA, $PVCT

Various Chart Set-ups on Watch: $GSIT, $TAN $IBB, $UNP, $LL, $MACK, $AGN, $CRM, $BRE, $RARE

Break-out Chart Set-Ups: $ALNY, $YNDX Buy on dips, $SSW has a resistance break-out, $HF, $CRY, $NOK.

Moving Averages Chart Set-Ups: $EXP, $LITE, $RTIX, $BLMN, $SNAP, $JUNO, $GREK, $UAA (20 MA about to cross up 50 MA)

$LITE Earnings day. Holding 200 MA, MACD at bottom, SQZMOM trending up, decent vol. #watchlist #premarket

$EXP SQZMOM green, MACD turned up good vol, 50 MA support test. #watchlist #swingtrading #premarket

$FIT premarket up 8.27%

Market Outlook :

Looks like clear skies on deck .Watch those large and mega caps – when they stall things could change.

Per recent reports:

There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I see significant upside challenges in Oil and SPY with most recent highs being taken out.

Market News and Social Bits From Around the Internet:

-Chain Store Sales

7:30am
Challenger Job-Cut Report

8:30am
-International Trade
-Jobless Claims

10am
Factory Orders

10:30am
Nat Gas #

$CTRV breaking news: ContraVir to Advance Second-Generation Formulation of Tenofovir Exalidex for Treatment of Hepatitis B Virus (HBV)

$NVS $CNAT Novartis exercises exclusive option agreement with Conatus for the treatment of NASH https://www.novartis.com/news/media-releases/novartis-exercises-exclusive-option-agreement-conatus-treatment-nash …

INITIAL JOBLESS CLAIMS EXP: 247K ACTUAL: 238K TRADE BALANCE EXP: -$44.5b ACTUAL: -$43.7B

If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).

The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct.  Our lead trader Twitter feed is here @curtmelonopoly and lead tech developer @hundalSHS.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).

Some of my Favorite Intra-day Trading Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List : $TLRD, $SCON, $MNKD $CNAT $HIIQ $APTO $CLSN $HTGM $TGB $CLMT $BCOR $WTI $DATA $FNBC $FIT $GLBS $RXDX $SQ  I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List :$TSLA $FIZZ $CAKE $UVXY $DWT $GLD $NUGT $GDX $LITE $WLL $CLF $PIRS $UWT $DGAZ $DDD I will update before market open or refer to chat room notices.

(3) Other Watch-List:

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades:  $FOGO $SYY $EMES $MMP $NSIT $BSMX $BG $FOGO $SYY $DLPH $HIIQ $FSLR $CG $GMED $JWN $KSS $HIVE  as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $TSCO $HFC $GRMN $SRC $NGG $TSCO $HEP $QRVO $FSP $SQ $ZEUS $BANC $PMTS $TAP as time allows I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Study:

For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Article Topics:  $TRLD, $SCON, $BVDL, $AMLH, $BUDZ, $FIT, $EXP, $LITE – $PVCT, $LIGA, $MGTI, $ONTX, $SSH, $LGCY, $TRCH, $ESEA – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD


Compound Trading Chat Room Stock Trading Plan and Watchlist for Friday April 28, 2017;  $SLV, $USLV, $AMLH, $RTIX, $BLMN, $SNAP, $JUNO, $GREK, $UAA – $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.

Welcome to the morning Wall Street trading day session at Compound Trading!

Notes in red text below are new comments entered specifically today.

Notices:

Last week Thursday, Friday and Monday post market reports will be out soon (we’re a little behind with processing reports).

Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading 

I just might take another crack at 2 week double my account trading challenge ?Live in room recorded ? Slay that dragon finally?? #trading

Most recent lead trader blog posts:

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.

Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):

Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters):

Market Opening: $BLMN $SNAP $RTW $JUNO $GREK $CLWT $SSKN $MDGS

Most recent Mid Day Chart Set-Up Review Video (most recent available to public – there may be others in member’s newsletters):

Midday Chart Setup Review: $USOIL $WTI $SPY #GOLD $GDX $DXY $MSL $CVI

Trading Plan (Buy, Hold, Sell) and Watchlists:

Morning momentum stocks on watch so far: End of month flows today…watch your stops!

Markets: $SPY $ES_F $SPX mid range floating, $GLD, $GDX, $SLV are getting a bump in overnight trade. $USOIL, $WTIC is getting a bit of a bump like I expected in yesterday’s report but it is still under significant pressure and continues in a downward channel. $DXY under continued pressure as is $VIX.

Our futures

Commodities

Active OTC on watch: $PVCT and $LIGA (I hold),$AMLH vol picking back up and EOD action Thursday was awesome and it has filings on top of that near close could get explosive again.  and $BLDV $UPZS $OPMZ $MMEX $AMLH $ACOL $BVTK $USRM $ORRV $JAMN $PFSD

$AMLH Premarket. Closed strong yesterday and recent filings. OTC #trading

Gaps to Watch: $UAA – major down pressure with upside gap to fill.  

Stocks with News: $BMRN

SEC Filings to Watch: NASDAQ | SEC Filing $RXII “not less than 1-for-2 and not greater than 1-for-40,” http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12019637&RcvdDate=4/27/2017&CoName=RXI%20PHARMACEUTICALS%20CORP&FormType=DEFA14A&View=html …

Short Term Trader’s Edge: #SILVER $SLV $USLV Silver I am thinking runs in to early next week.

Holds: Most holds are small to mid size holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA, $PVCT

Various Chart Set-ups on Watch: $UNP, $LL, $MACK, $AGN, $CRM, $BRE, $RARE

Break-out Chart Set-Ups: $YNDX Buy on dips, $SSW has a resistance break-out, $HF, $CRY, $NOK.

Moving Averages Chart Set-Ups: $RTIX, $BLMN, $SNAP, $JUNO, $GREK, $UAA (20 MA about to cross up 50 MA)

Market Outlook :

S&P 500 – Failure at the swing (RSI), if they go after 2400 today – 401K distribution Monday, Apple buy backs on Tues and Wed. Fed decision.

Per recent reports:

There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I see significant upside challenges in Oil and SPY with most recent highs being taken out.

Market News and Social Bits From Around the Internet:

8:30am
-GDP

9:45am
Chicago PMI

10am
Consumer Sentiment

1pm
BHI Rig #

1:15pm
Fed Brainard Speaks

2:30pm
Fed Harker Speaks

Royal Caribbean’s stock climbs 1% premarket after Q1 results

Ford’s stock gains premarket as recalls ding earnings that still beat fo.. Related Articles: http://bit.ly/2pFUCqW

ExxonMobil shares up 1.1% premarket

Exxon Mobil beats by $0.08, misses on revenue https://seekingalpha.com/news/3261234-exxon-mobil-beats-0_08-misses-revenue?source=twitter_sa_factset … #premarket $XOM

$WDC – Wells Fargo downgrades Western Digital (NASDAQ:WDC) from Outperform to Market Perform.

$BMRN receives FDA approval,

Qualcomm -4% on Apple-related profit warning https://seekingalpha.com/news/3261214-qualcomm-minus-4-percent-apple-related-profit-warning?source=feed_f … #premarket $QCOM

$SBUX down 5% #premarket

Oof. Time Inc. says it isn’t for sale. Many thought it would be bought. $TIME plunges 20% #premarket.

Ouch! Qualcomm cuts Q3 fiscal guidance as Apple holds back royalties – http://cnbc.com/id/104427517

$GM ?? +2.35% 41.2B vs 40.752B Est. 1.72 adj vs. 1.48 #premarket #earnings

Premarket: Global stocks pause near record highs on Trump policies http://trib.al/omB6HJj From @GlobeInvestor

#5things
-GDP day
-Trump’s North Korea warning
-Britain unites EU
-Markets flat
-Oil earnings due
https://bloom.bg/2pt4ZgU

If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).

The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct.  Our lead trader Twitter feed is here @curtmelonopoly and lead tech developer @hundalSHS.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).

Some of my Favorite Intra-day Trading Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List : $WDC, $SWN, $GOOGL, $MTL $GOOG $SPH $UBS $AMZN $RBS $CNHI $JNUG $MT $GM $SAN $NUGT $VALE $MU $RIO $RIG I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List:  $BIDU $ATHN $GIMO $SBUX $JDST $QCOM $SYF $FCEL $TIME $STAY $DUST $SNCR $SWKS $EXPE $DWT I will update before market open or refer to chat room notices.

(3) Other Watch-List:

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades: $CHKP $IVC $BOKF $LPLA $ALGN $WDC $URI $SAM  as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $GWB $AOS $AAWW $BMS $AMZN $EFX $GIMO $MMLP $ALLE $CHDN $ZBH $TEX $COLM $EXPE $AVT $ENTG $X as time allows I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Study:

For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Article Topics: $SLV, $USLV, $AMLH, $RTIX, $BLMN, $SNAP, $JUNO, $GREK, $UAA  – $PVCT, $LIGA, $MGTI, $ONTX, $SSH, $LGCY, $TRCH, $ESEA – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD