Review of Compound Trading Chat Room Stock Trading, Algorithm Stock Charting Calls and Alerts for Friday Feb 24, 2017; $CEMP, $AXDX, $RH, $TST, $IPCI, $EARS, $OWCP – $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM etc …
Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.
In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .
We are working on a series of videos that include trades from week of Feb 20 – 24 and various educational topics that we expected to complete weekend of 25 – 27th but it seems it will take a few more days.
Momentum / Notable Stocks Today (via FinViz):
Stocks, ETN’s, ETF’s I am Holding:
I am holding (in order of sizing – all moderately small to small sizing) $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM:
Trading and The Markets Looking Forward:
Recent notes in post market reports that still apply,
“The small and micro momentum stocks continue to pop, however, traders need to be cautious because often its the low floats and thin trade can be difficult to chip out of positions – caution warranted in many ways.”
“These low float micros have in past signaled the end of a cycle in the market – keep that in mind.”
“Our standard plays that reflect the six algorithm charting we do are all at decisions at either support or resistance so this should get really interesting soon.”
Per yesterday, “Our swing trading side continues to outperform all my expectations for 2017 (you can find the most recent unlocked swing trading newsletter on our blog) – I had a feeling it was going to do well, just didn’t quite expect a grandslam. We’re in the middle of compiling our next set of stock picks for the swing trading members and will have them out over next few days – hopefully that batch will bring the same type of returns as the new year batch did and continue to in most instances.
US Dollar $DXY $USDJPY $UUP:
Per recent; $DXY US Dollar is threatening to the trend reversal side, but not confirmed, awaiting market direction.
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
Per recent; Gold and Miner’s are both at what we consider key resistance.
Per recent; Silver is at what consider key resistance.
Crude Oil $USOIL $WTI:
Per recent; Crude oil continues to threaten a key support and resistance area that we have used as an area of accumulation long (we’re long as long as the trend is in place – the trend is your friend and we’re trading the range until it isn’t).
Per recent; Volatility continues its flat line.
$SPY S&P 500:
Per recent, “$SPY continues the break-out. Trade the Fibs and buy the dip until you can’t. Respect stops.”
Watch 2.44 – 2.57
— Curtis Melonopoly (@curtmelonopoly) February 27, 2017
— Curtis Melonopoly (@curtmelonopoly) February 27, 2017
Per recent; As noted above, the low float micros and small cap issues continue in momo.
Per recent; As noted above, our Swing Trading service has sent one out of the park after another. Continues to look good forward.
Compound Trading Stock Chat-room Transcript:
Miscellaneous chatter may be removed.
Announcements in room:
07:50 am Curtis M : Morning team! Just arrived back from my trip so there won\’t be time to get any updates out. All new updates out on the weekend and new webinar series to be posted to YouTube also.Do my best to get a quick premarket trading plan out before open though.ThanksCurt
08:59 am Curtis M : Protected: PreMarket Trading Plan Fri Feb 24 $CEMP, $AXDX, $RH, $TST, $IPCI, $EARS https://compoundtrading.com/premarket-trading-plan-fri-feb-24-cemp-axdx-rh-tst-ipci-ears/ PASSWORD: PREMARKET022417
06:38 am ibrahim ibrahim : morning
07:48 am Sandy S : From Curt in case you didn’t get it on email…. Morning team!Just arrived back from my trip so there won’t be time to get any updates out. All new updates out on the weekend and new webinar series to be posted to YouTube also.Do my best to get a quick premarket trading plan out before open though.ThanksCurt
07:48 am Jake R : thx
08:56 am Sandy S : Protected: PreMarket Trading Plan Fri Feb 24 $CEMP, $AXDX, $RH, $TST, $IPCI, $EARS https://compoundtrading.com/premarket-trading-plan-fri-feb-24-cemp-axdx-rh-tst-ipci-ears/ PASSWORD: PREMARKET022417
09:00 am Carol B : morning all!
09:16 am OILQ K : morning all
09:17 am Mathew Waterfall : Morning everyone
09:17 am OILQ K : I see we are all a little richer with Gold up again. That makes the day brighter.
09:18 am Cara R : Except Curt haha but he’s rich enough
09:18 am OILQ K : lol
09:19 am Mathew Waterfall : Strength in the bonds as well which is a sight for sore eyes
09:20 am Curtis M : wealth at my expense – ‘m good with that… taking one for the team
09:20 am Curtis M : morning
09:21 am Curtis M : between me you and the fence post…. i’m going to try and double up small account between now and end of Tues – 3 days aggresive – not likely but gonna try and I’kk video t all and post excerpts for new traders on youtube
09:22 am OILQ K : ok great
09:23 am seth m : ya not easy but lets do it
09:24 am Sandy S : seth u new?
09:24 am Curtis M : k guys focus open on deck thx
09:26 am Curtis M : on mic
09:28 am seth m : add $NUGT
09:30 am Sandy S : with y curt
09:31 am Curtis M : L $CEMP 1000 shares start 4.22
09:31 am Jake R : right behind you huys
09:31 am Jake R : guys
09:32 am Curtis M : out 4.46
09:32 am Jake R : lol holding
09:33 am Sandy S : holding
09:35 am Sandy S : cool thanks
09:37 am Sandy S : had no idea thanks
09:38 am Sandy S : out
09:38 am Jake R : me too
09:38 am OILQ K : small win closed
09:41 am Jake R : $PULM very activer
09:49 am MarketMaven M : nice im in with ya
09:51 am OILK K : wow learning today
09:56 am Curtis M : closed 1.82 $OWCP from 1.63 buy nice
09:57 am Jake R : you make that look simple
09:57 am Curtis M : its not
09:59 am Sandy S : I’m out Thanks CURT!
09:59 am Flash G : that was awesome thank you
10:01 am Leanne Arnott : what broker do you use?
10:05 am Sandy S : schools in session
10:06 am Leanne Arnott : I use Cdn bank also but is waaay to slow for this kind of trading, can’t get in and out fast enough
10:16 am Jake R : Thanks Curt
10:18 am Leanne Arnott : it’s not one click, but i’ll try this afternoon,
10:22 am Curtis M : scanning back in a bit
10:22 am seth m : learned a lot there wow answered many of my questions
10:22 am Mathew Waterfall : Boring day continuing the lack of movement this week for me. Huge metals moves with miners not biting yet. I an taking a longer view and will sit on my miners likely at least into mid next month and they will play catch up with chasers flooding in. Will detail a couple things I’m seeing at the 11 o’clock update
10:23 am seth m : will this be on video on weekend?
10:23 am Curtis M : yes seth
10:24 am seth m : i finally understand how the indicators on your charts work awesome
10:25 am seth m : so theres VWAP test! right?
10:25 am Curtis M : yup
10:25 am Curtis M : k focus plz thx
10:26 am Mathew Waterfall : In some $NWGFF small for a start and a run back into the .20’s
10:26 am Curtis M : looking fwd to your 11am update Mat – feel disconnected with the travel
10:27 am Mathew Waterfall : There’s a lot of disconnect in this market right now so we’re on all on the same page lol
10:27 am Ed D : Seth is right – that was really good – good understanding now for me will help a lot
10:27 am Curtis M : ya
10:28 am Ed D : Curt, I have to ask quick, you just randomly say this morning i’m going to double small account in 3 days hopefully like its no big deal at 10 trades at 10% each – this is a regular thing for you guys?
10:29 am Curtis M : um…
10:29 am Curtis M : I’ll explain that on weekend video
10:29 am MarketMaven M : lol its regular
10:30 am MarketMaven M : he’s sniping w right indicators – tight trading is tight haha
10:30 am Curtis M : any momos out there guys?
10:31 am Sandy S : haha that means focus
10:31 am Curtis M : 🙂
10:35 am Curtis M : on mic
10:44 am OILQ K : learnin cool stuff guys
10:53 am NewbieHH O : hi guys
10:55 am NewbieHH O : Just want to say Have a Nice weekend !
10:56 am NewbieHH O : take care! logging out
10:56 am Curtis M : kk
10:56 am Mathew Waterfall : have a good weekend nice and early lol
11:00 am Mathew Waterfall : on the mic
11:01 am banka tronic : I’m keen on the momo trades
11:01 am Sandy S : agree
11:02 am Sandy S : mathews updates help me center too lol
11:02 am seth m : ya Mathew rocks
11:02 am seth m : 🙂
11:02 am banka tronic : ($TOPS is an example of so of these low float runners that are technical b/os )
11:03 am Curtis M : hey banka thanks for dropping in:)
11:03 am banka tronic : Thank you kindly for this trading forum :))
11:03 am Curtis M : 🙂
11:04 am Sandy S : I trade $TOPS lots like that one
11:05 am Jake R : $TOPS just came off a bit intra
11:06 am banka tronic : I look for the pre-market pops on the low floats usually under 25 million float + catalyst:some news…
11:06 am OILK K : $VIX LOL
11:07 am OILQ K : luv those plays banka
11:07 am banka tronic : Keeping an eye on the 13EPA 50&200 MAs using 1 to 5 min trendlines when volume hits5k & builds
11:07 am banka tronic : for momo trades.
11:07 am Curtis M : nice share banka:)
11:08 am Curtis M : some nuggets in there
11:08 am seth m : Mathew I’ll likey send you a few questions this weekend
11:09 am banka tronic : np 🙂 Also watch the 1Y: D chart with those indicators for possible support/resistance levels
11:09 am seth m : $CEI poppin
11:09 am Mathew Waterfall : Send me questions anytime on twitter @quadzilla_jr
11:09 am Jake R : Thanks Mathew!!
11:09 am banka tronic : Very cool info Mathew!
11:09 am OILQ K : agree
11:10 am OILQ K : learning in here everyday thanks guys and ladies
11:10 am Mathew Waterfall : you bet. quick break back in a few
11:13 am banka tronic : If those low floats that pop up on the pre market scanners are over 25% I weigh pros/cons for red to green moves where they dip then poss test market open. Too high of gap ups have a tendency to gap & crap
11:14 am banka tronic : Yet some climb pre market to 40-60 and sometimes have a .10-.20 pop if overall futures are solid hard green…
11:14 am banka tronic : 40-60%
11:16 am banka tronic : Also watch for dojis on the 1 & 5 min chart for p/a price action bullish confirm candles using a 1 or 5 min trendline for .10-.40ish scalps on those momos. Hope this info helps !
11:16 am Jake R : Thans Banka!
11:16 am Jake R : Hopefully we can see you in action in here.
11:16 am OILK K : ya
11:16 am OILK K : lol
11:16 am Sandy S : yup
11:17 am banka tronic : And then again I check the short squeeze.com just to see if there might be a nice squeeze factor if those llow floats have @ 20% shares short ;))
11:17 am Curtis M : on mic
11:18 am Curtis M : ya would be nice to have Banka do some trading yup yup 🙂
11:19 am banka tronic : I am working on these still learning only averaging $125 per trade as I dont want to risk more than $1500- $2k per trade with all the stress in my life. lol This amount also helps me cut losses quick to about $50-$100 w/o major pain. I am an activist so have to balance & keep the goooood vibes.)
11:19 am sandeep a : $NAO pop
11:20 am Sandy S : this is a good vibes room:) haha
11:20 am banka tronic : That amount also catches big time runners on those low floats w news to some $1k-$2k profits tho peeps)
11:20 am banka tronic : Ok enough from me-just wanted to put the info out there quick.
11:20 am Jake R : looking at $FUEL for aft intra scalp
11:20 am Jake R : awesome banka
11:21 am Phillip H : ya nice info
11:22 am Curtis M : a lot of the GURUS out there got chopped up this morning fyi
11:22 am Sandy S : ya noticed that curt
11:22 am Sandy S : we didn’t lol:)
11:22 am banka tronic : Also have been noticing that some of these low float spikers tend to have a culmination point that drops off at exactly 11:15am anyone notice this?
11:23 am Sandy S : yes always time of day
11:23 am Curtis M : for sure TOD huge
11:23 am John M : we ee that all the time
11:24 am Cara R : time fo day really important Curt is always preaching it
11:25 am banka tronic : $BLPH had that b/o quick 1 min trendline run up & profits got out before that 1 min trendline broke at 11:04 tho so its not an exact thing
11:26 am Cara R : ya $BLPH was one that we were in really early in cycle
11:26 am banka tronic : Ok I’m here to learn lol its easy to talk but I need to grow my profit chart as well. I ‘m still learning.
11:26 am Sandy S : haha
11:28 am OILK K : looking at $UGAZ for an add
11:28 am OILK K : and $TLT add
11:29 am Curtis M : $EDAP halt
11:31 am Curtis M : on mic
11:35 am banka tronic : Might retest that 2.70 candle on the 1 year
11:37 am Sandy S : curt makes most his green on halts banka… maybe not maybe his swings cause he uses big account in swings
11:37 am banka tronic : vol is almostmorte altough spead tightened
11:37 am Sandy S : hes a halt expert for sure
11:37 am banka tronic : *although
11:38 am banka tronic : good call MMtricks to lure look how 2.11s came in
11:38 am Sandy S : yes
11:39 am seth m : ya that one sucked
11:39 am sandeep a : $JAGX pops
11:39 am sandeep a : like your style banka
11:40 am OILQ K : $JAGX been on curts watchlists i think
11:41 am Sandy S : ya it has
11:41 am OILQ K : Silver swing going awesome
11:42 am banka tronic : thank you $JAGX is a very nice mover on news. Some of these co.s seem to put out *news as per the chart. Nice channel on that 1h chart
11:43 am OILQ K : decreasing vol
11:43 am banka tronic : Just tend to be weaker bounces when overall markets are blah. Mid day b/o tend to be fake outs
11:43 am Flash G : yeah
11:46 am Phillip H : how a bout that SILVER trade wow did we nail that
11:46 am Phillip H : :):)
11:47 am Phillip H : i dont say much but that makes me happy
11:48 am Mathew Waterfall : Notable options flow. GLD/SLV solidly call side. $TZA seeing some call side. $miners mostly call side but more split. Utes and bonds call side. People positioning for some carnage
11:48 am Jake R : correction time mat?
11:50 am Mathew Waterfall : I have a very hard time getting super bearish here as we have been gringing. My bias has been down for the past month but I haven’t played it outside of some small Vix plays for some small wins here and there. I think we are due for a correction but not loading the boat that direction outside of my metals.miners and bond plays
11:50 am Mathew Waterfall : I think the market starts to realize the smoke and mirrors show that has been Trump thus far, and starts to figure out how long it will be before any meaningful tax cuts or anything else to spur the economy
11:51 am Mathew Waterfall : We are also pricing out rate hikes as noted earlier and just overall dealing with a tired extended market
11:52 am Mathew Waterfall : This has kept me from getting long the past month, but market strength has kept me from getting too short. I think the risk is to the downside for at least a 5% move or so
11:52 am Jake R : interesting
11:53 am Jake R : wise advice i think
11:53 am Mathew Waterfall : What I want to see is some selling to the downside, then a bunch of people jump in long only to make a lower high. That’s ideal for a short set up
11:54 am Curtis M : yup
11:55 am OILQ K : shorting next $NVDA pop
11:56 am OILK K : pools in $CBIS
11:56 am Ed D : watching $ADBE for ss
11:57 am Curtis M : whoa the bears are coming out:)
11:59 am seth m : Curt I don’t know where u found banka but good add lol 🙂
11:59 am seth m : 9 our of 10 of you guys in this room are pro
11:59 am seth m : not like most rooms i been in
12:00 pm OILQ K : curts style seth
12:01 pm OILQ K : $AAOI buyers
12:02 pm Jake R : caught the $XLU move looking for more
12:02 pm Jake R : on the swing last 2 weeks:) not intra
12:03 pm Jake R : watching YEN here
12:03 pm OILK K : $ATEC set for a bounce
12:04 pm OILK K : NQ action
12:05 pm Taylor Y : soooo $TSLA mathew
12:05 pm Taylor Y : possible good entry point?
12:05 pm banka tronic : $CEMP sideways p/a price action below VWAP looks like shorts really want it to crack
12:05 pm Mathew Waterfall : I don’t trade $tsla often but hate the company long term
12:05 pm Sandy S : shorts out to play
12:05 pm Mathew Waterfall : Thinking short?
12:06 pm Taylor Y : long
12:06 pm Taylor Y : oversold?
12:06 pm Mathew Waterfall : Nope. also MACD bearish cross and 9/15 going to cross soon
12:06 pm sandeep a : $DLTR call buyers heavy
12:07 pm Taylor Y : ok thanks I’ll revisit:)
12:07 pm sandeep a : like $RH action today
12:07 pm Mathew Waterfall : You could use yesterdays bar as a quide and put a stop if it breaks back below it, I would be more comfortable with a 2 day range
12:07 pm Taylor Y : yes better idea there
12:08 pm Mathew Waterfall : I just don’t like the post earnings action and that they might need another funding raise. Such a manipulated stock though
12:08 pm Taylor Y : i like the clan part of the thesis
12:08 pm Taylor Y : so i trade it
12:08 pm Taylor Y : die hards
12:09 pm Mathew Waterfall : You’re not wrong. Cult stock with very high insider ownership
12:09 pm sandeep a : watch $DLTH here
12:09 pm Taylor Y : ya
12:09 pm Mathew Waterfall : I say 215’s before 300’s
12:09 pm Taylor Y : ya i c that
12:10 pm sandeep a : retail action serious too
12:10 pm Mathew Waterfall : Hard to tell if that retail is shorts or what. Probably a squeeze in $RH and $JWN
12:11 pm sandeep a : $EYEG on the move
12:18 pm banka tronic : I’ll tell everyone right now that I am not pro. Have some good calls but am here to learn & add what bits I find as chart/pattern truth . Eatting humble pie diet everyday for trading health lol 😉
12:21 pm Mathew Waterfall : The learning never stops and the market will always find a way to humble you. It seems the losses stick out more than the wins but that’s not always a bad thing
12:22 pm Flash G : agree
12:27 pm Mathew Waterfall : There’s a lot of wisdom in thsi room, and I’m not talking about myself. Many have learned the expensive lessons. Best thing about a community like this is we can learn from eachother and short cut so of those painful lessons
12:27 pm Sandy S : so true
12:28 pm Ed D : for sure
12:29 pm OILQ K : looks like a decent set up there curt in $COH the 200 day
12:30 pm Curtis M : ya just taking a peak really
12:31 pm OILQ K : DJI r to gr
12:36 pm banka tronic : $KEM new hod
12:40 pm Jake R : 52 week highs in $DTLA and I closed my swing days ago jeez
12:43 pm Curtis M : $GRAM halt sec viol
12:45 pm OILQ K : $PRKR insider buys
12:48 pm Sandy S : wow lol bye bye
12:53 pm Curtis M : $CBMX r to g possible
12:55 pm Jake R : curt u hit the sell on cbmx perfect
12:56 pm Curtis M : LLong $GRAM 3.56
12:59 pm OILQ K : $ULTA decent intra
12:59 pm OILQ K : in some $GRAM with ya fyi
12:59 pm Sandy S : yup diddddo
01:00 pm Curtis M : hopefully it curls on the 9 day
01:11 pm Jake R : in some $PKRK small order]
01:19 pm Curtis M : $CMLS halt
01:23 pm sandeep a : Long $NVAX
01:31 pm Ed D : market seems to want to bounce imo
01:31 pm OILK K : looking at $MSFT swing long
01:32 pm OILK K : block on $CBIX also 100k
01:32 pm Sandy S : theres the curl curt
01:32 pm Sandy S : and the chart bot buy!
01:33 pm Jake R : Long $SRPT
01:33 pm johnny r : in $SRPT also
01:34 pm johnny r : like the $MSFT idea also as i think market will bounce
01:36 pm Mathew Waterfall : Weak internals. I though after yesterday we would get some action to the upside today. bulls and bears both look unmotivated here so far
01:38 pm OILQ K : $AAQI
01:42 pm MarketMaven M : time to BTD?
01:43 pm Mathew Waterfall : If this doesn’t get bought the close could be ugly. Ugly close today equals coninuation over the weekend
01:46 pm Ed D : Thinking $FIT long if market gets moving if and when
01:47 pm sandeep a : $VUZI HOD
01:48 pm Mathew Waterfall : This $GDX move is garbage. MM’s holding it down seems to me. Explosion on tap next week
01:49 pm sandeep a : $INCY nHOD
01:51 pm seth m : $PCLN time
01:53 pm Curtis M : touhg play this $GRAM should pop or drop within 30 mins at most
01:54 pm Taylor Y : $AUPH jiggy
02:07 pm Curtis M : shoot i missed the $OWCP bounce ugh
02:09 pm Curtis M : $GRAM too a .26 loss puts me even on day don’t like that
02:24 pm Curtis M : long $CEMP 4.47
02:24 pm Curtis M : real tight
02:26 pm Curtis M : stop 4.35 ish
02:39 pm Jake R : $VIX crush time
03:01 pm Sandy S : curt u got me busting a gut on twitter
03:01 pm Curtis M : lol sorry
03:01 pm Curtis M : but ya
03:02 pm sandeep a : world has gone mad
03:03 pm Curtis M : argh lol
03:10 pm Curtis M : out 4.35 loss
03:10 pm Jake R : OMG your rant
03:10 pm Jake R : umm ya thats the way it was
03:10 pm Jake R : in my day
03:16 pm sandeep a : hate to say it publicly but i agree with you curtis
03:16 pm sandeep a : things upside down lately
03:17 pm sandeep a : people afraid to say it
03:21 pm Sandy S : now I’m completely cracking up
03:21 pm Sandy S : crying laughing so hard
03:21 pm Mathew Waterfall : Dollar getting some action here but bonds remain strong. Market this week has been very uninspiring for me. Might have to go back to scalp plays until we get some direction
03:26 pm sandeep a : someone had to say it lol kudos
03:28 pm sandeep a : ok now im rying
03:28 pm sandeep a : crying
03:28 pm Curtis M : lol
03:32 pm Mathew Waterfall : This market seems unbreakable. Why I commented yesterday and today not to get too bearish too quickly. I still hate it here but can’t short it yet. Likely another boring week next week
03:33 pm sandeep a : i love how curt talks like hes old hahaha
03:33 pm sandeep a : Mathew you got wisdom many times your age with market.
03:34 pm Mathew Waterfall : Thanks. Seen these moves many times before but not enough to bypass the frustration apparently lol
03:34 pm Jake R : ha
03:35 pm Curtis M : missed $OWCP because of my rant lololololol
03:35 pm Curtis M : ugh
03:35 pm Mathew Waterfall : I’m shutting it down for the day. Going to take this weekend to get some mojo back. Shoot me a note on twitter if you have any questions. Have a good weekend all
03:36 pm Curtis M : kk
03:36 pm Sandy S : thanks Mathew
03:36 pm sandeep a : yes thank you mat!
03:36 pm OILK K : bye mathew
03:36 pm Mathew Waterfall : Always happy to help
03:36 pm Jake R : that mats a good guy
03:37 pm Jake R : curtis makes me cry
03:37 pm sandeep a : omg
03:37 pm sandeep a : curt ruffled some feathers
03:38 pm Sandy S : Curtis your 49?
03:38 pm Curtis M : yes
03:38 pm Sandy S : That is funny you’re a spring chicken
03:40 pm Leanne Arnott : If 49 is a spring chicken you just made my day!
03:40 pm Sandy S : Not going to tell you guys how old I am my lord
03:42 pm Jake R : 49 is young
03:43 pm Jake R : curt talks like hes 80 sometimes:)
03:54 pm sandeep a : great close for $OWCP
03:54 pm Curtis M : yup
03:57 pm Ed D : well guys and gals i am out of here – best to u all!
03:57 pm Curtis M : cya ed
04:00 pm Curtis M : t may gap Monday morning
04:00 pm sandeep a : likely will
04:00 pm sandeep a : i see why you like it
04:00 pm Curtis M : night everyone
04:00 pm Jake R : bye
Be safe out there!
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Article Topics: $CEMP, $AXDX, $RH, $TST, $IPCI, $EARS, $OWCP – $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500
Stock Trading Plan for Friday Feb 24, 2017 in Compound Trading Chat room. $CEMP, $AXDX, $RH, $TST – $UWT, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA – 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.
No algo or swing trading updates today, just arrived back from my trip and no time be market open. Lots of videos being done this weekend that will be posted to YouTube.
Current Holds / Trading Plan:
All small to mid size holds in this order according to sizing – $UWT, $NE, $BSTG, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA.
$NE Noble Is my newest position and I think it went up about 6% on Thursday – haven’t had a moment to check.
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
As per previous $CBMX I am now out for huge gains.
As noted before I may exit $VRX and $UWT.
Market Outlook / Trading Plan:
Yesterday I posted $NE Noble Chart on watchlist on morning premarket and it was up 6% or so yesterday last I looked – hope ya banked on it! I got a few thank you’s from our Swing Trading side cause they had it on their morning Swing Trading updates from me also.
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $CEMP, $AXDX, $RH, $TST
Cempra’s CEM-102 successful in late-stage ABSSSI study; shares ahead 49% premarket http://seekingalpha.com/news/3246318-cempras-cemminus-102-successful-late-stage-absssi-study-shares-ahead-49-percent-premarket?source=feed_f … #premarket $CEMP
— Breaking News (@MarketCurrents) February 24, 2017
Canada CPI jumps in January, blasting past forecasts – https://t.co/5NVPKH37wX
— Investing.com News (@newsinvesting) February 24, 2017
— Benzinga (@Benzinga) February 24, 2017
— Curtis Melonopoly (@curtmelonopoly) February 23, 2017
— Ole S Hansen (@Ole_S_Hansen) February 24, 2017
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@), $VIX (@), $SPY (@), $GLD (@), $SLV (@), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.
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 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: Gainers: $CEMP, $AXDX, $RH, $TST $OLED $AAOI $NAK $GEVO $TVIX $UVXY $PSO $JNUG $PLUG $NUGT $INCY $AUY $UGAZ
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: 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: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: 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.
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).
Article Topics: $CEMP, $AXDX, $RH, $TST – $UWT, $NE, $BSTG, $ONTX, $VRX, $SSH, $ASM, $TRCH – $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, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F