Compound Trading Chat Room Stock Trading Plan and Watch List Thursday Mar 1, 2018 Powell Testimony, Steel, $X, $Gold, $NVAX, $BBY, $KSS, $HOG, $BID, $NWL, $WMT, $CRM – SP500, $SPY, $SPXL, $SPXS, $BTC, Bitcoin, Gold, $GLD, $GC_F, Gold Miners, $GDX, $DUST, $NUGT, OIL, $WTI, $CL_F, $USOIL, Volatility, $VIX , Silver, $SLV, US Dollar Index, $DXY … more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notices:
Notes in red text below are new comments entered specifically today (or recently important).
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Reporting and Next Gen Algorithms:.
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Master Class Charting Series Webinars:
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Attendees to next Master Classes being held in Dominican, Columbia, Brasil, and Panama attendees will receive 50% credit to off-set travel costs. Limited space FYI. We are currently planning 2018 master class sessions and will advise.
Connect with me on Discord.
https://twitter.com/CompoundTrading/status/880670140454637569
Recent Blog / Video / Social posts:
#BitcoinTrading 101: A Beginner’s Guide to Getting Started $BTCUSD $XBTUSD $BTC https://compoundtrading.com/bitcointrading-101-beginners-guide-getting-started-btcusd-xbtusd-btc/ …
https://twitter.com/CompoundTrading/status/927397024315662336
How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, $UCO, $SCO, $UWT, $DWT, #OIL, #OOTT: http://youtu.be/hawVV31G9bg?a via @YouTube
https://twitter.com/CompoundTrading/status/889148655785177088
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
https://twitter.com/CompoundTrading/status/889147527278333952
Recent Mid Day Chart / Trade Set-Ups:
See You Tube for other recent video posts.
Swing trading setups Jan 18 $FB, $SPY, $CNTF, $CTIC, $RIOT, $AES ….
Swing trade stock setups Jan 19 $SPY, $GSUM, $DXY, $MIND, $XPO, $ICPT…
Swing trade / daytrade set-ups for wk of Jan 22 $SPY, $FB, $ROKU, $DXY, $JUNO, $BTC.X, $FATE …
CRITICAL time cycle decisions SP500 $SPY, Gold $GLD, Oil $WTI, USD $DXY, Bitcoin $BTC.X and more…
Swing trading ideas & how I am managing $SPY $SPXL trade, structural trading $XNET, $SQ, $GDX …
Technical charting lessons here at market open $HMNY, $XNET, $SPY, $SEII, $INSY, $SLCA
Jan 9 Swing trading set-ups $XNET mid trade technical review, $GSUM, $SLCA, $SPY, $TESS….
Live $XNET trade $4267.00 gain. Swing trade entry and chart set-up at 40:00 – 54:00 min on video.
Jan 8 Swing Trading Set-Ups $AYI, $SPY, $SQ, $VRX, $AXON, $BTC.X….
Market Open Jan 8 Live Chart Model “On the Fly” $VRX, $SPY, $BTC, $LITD, $MYSZ, $INSY
Jan 3 Swing Trading Set Ups $SPY, $SPXL, $LTCUSD, $GLD, $APRI, $MNKD, $INSY, $TEUM, $NTEC, $LEDS …
Jan 2 Swing Trading Set-Ups $BTC.X, $SPY, $GDX, $XOMA, $JP, $INSY, $MNKD, $NTEC, $SKT, $RENN …
Recent Educational Videos:
Want to learn how to trade stocks for a consistent profit? Raw trading footage video library. https://www.youtube.com/channel/UCxmgJ3CfWHRBFFMpoHumZ8w … … #freedomtraders
Visit the Trading Educational and Analysis Play List at this Link on our YouTube Channel
Trading Plan (Buy, Hold, Sell) Watch Lists. Morning Momentum / Gap / News / PR / IPO / SEC Filings / Earnings Stocks on Watch:
Stocks making the biggest moves premarket: BBY, KSS, HOG, BID, NWL, WMT, CRM & more
Stocks making the biggest moves premarket: BBY, KSS, HOG, BID, NWL, WMT, CRM & more https://t.co/M6dwLKWtIB
— The Exchange (@CNBCTheExchange) March 1, 2018
$X Winners and Losers From Trump’s Tariffs on Aluminum and Steel
Investors Await Powell’s Second Testimony,
US steel, aluminum execs are headed to the White House for a possible announcement on trade
US steel, aluminum execs are headed to the White House for a possible announcement on trade https://t.co/VZBCuF9K80
— The Exchange (@CNBCTheExchange) March 1, 2018
Market Observation:
US Dollar $DXY trading 90.69, Oil FX $USOIL ($WTI) trading 61.09, Gold $GLD trading 1308.40, Silver $SLV trading 16.25 $SPY trading 271.65 last, Bitcoin $BTC.X $BTCUSD $XBTUSD trading 10676.00, and $VIX trading 20.8.
Recent Momentum Stocks to Watch: $M, $NFLX, $SQ, $NXTD, $MOMO, $X, $CHK
News:
$FLT ($18B co.) + #Ripple $XRP
FLEETCOR & Ripple Team Up to Modernize Payments Using Blockchain
(Dow Jones 03/01 05:00:01)
$OSTK SEC Investigation related to offering / tzero token
Bill Ackman has exited his $1 billion bet against Herbalife, giving up on a five-year war
Bill Ackman has exited his $1 billion bet against Herbalife, giving up on a five-year war https://t.co/HDygi8DyKN
— WSJ Markets (@WSJmarkets) March 1, 2018
$ATXI Topline Data from Phase 3 Trial of IV Tramadol in Patients Following Bunionectomy Surgery in Q2’18
$PTIE FDA accepts REMOXY NDA. PDUFA 08/07/18
$PTIE *DJ Pain Therapeutics Says FDA Determined NDA for REMOXY ER Sufficiently Complete to Permit Substantive Review >PTIE
(Dow Jones 03/01 05:01:27)
Recent SEC Filings:
Recent IPO’s:
Earnings:
Cinema chain AMC shares jump 1.7% after revenue beat
#earnings for the week
$SQ $JD $VRX $PCLN $FIT $JCP $M $CRM $LOW $PANW $LL $BBY $NTNX $WTW $ADI $FL $TOL $AMT $SN $SWN $EMES $AZO $IONS $VMW $EXEL $KSS $BCC $CLVS $CPRT $AMC $ALB $ACAD $TJX $DF $AWI $RRC $SPLK $FTR $ENDP $SRPT $CRK $PZZA $DDD $WDAY $BUD
http://eps.sh/cal
#earnings for the week$SQ $JD $VRX $PCLN $FIT $JCP $M $CRM $LOW $PANW $LL $BBY $NTNX $WTW $ADI $FL $TOL $AMT $SN $SWN $EMES $AZO $IONS $VMW $EXEL $KSS $BCC $CLVS $CPRT $AMC $ALB $ACAD $TJX $DF $AWI $RRC $SPLK $FTR $ENDP $SRPT $CRK $PZZA $DDD $WDAY $BUDhttps://t.co/r57QUKKDXL https://t.co/uvzYbb2kZy
— Melonopoly (@curtmelonopoly) February 26, 2018
Recent / Current Holds, Open and Closed Trades:
New alerts platform in transition.
Charts and Chart Set-ups on Watch:
All-Time Highs After #Earnings Call – $CRM chart
All-Time Highs After #Earnings Call – $CRM chart https://t.co/UwpbNNtIF0
— Melonopoly (@curtmelonopoly) March 1, 2018
#Premarket Price Testing Up-channel Option on News – $NVAX chart
Look out for a charting scenario similar to the earnings pop in Macy’s from yesterday during premarket. Related link has been included.
Technicals:
1. Trading 2.75 in premarket as of writing, up 26.27%
2. Price has been testing its MA’s, with bounces off the 200, 100, and 20
3. MACD pinched, and is turned up
4. Overhead diagonal resistance is currently being tested premarket in the 2.70-2.80 range
Fundamentals:
$NVAX up 22% in #AfterHours trading after news: Novavax -3.56% NanoFlu™ vaccine demonstrates improved immune responses compared to egg-based, high-dose flu vaccine.
https://www.marketwatch.com/story/novavax-stock-jumps-15-after-positive-flu-vaccine-study-2018-02-28?siteid=yhoof2&yptr=yahoo
Gold – Long drawn out process on the monthly. Decision coming… $XAUUSD #Gold $GLD $GC_F
Per recent;
$ETSY premarket up 17% on earnings trading 24.60 #premarket #earnings
$ETSY earnings news premarket: https://finance.yahoo.com/video/etsy-ceo-q4-beat-shows-113300115.html?.tsrc=rss …
$FB Facebook premarket at important pivot area for next move. 182.00 is your line. #swingtrading See chart notes.
Real-time $FB premarket chart link: https://www.tradingview.com/chart/FB/P7wNIGpS-FB-Facebook-premarket-at-important-pivot-area-See-chart-notes/
$SPY Trading SPDR SP500 Price Targets to Mar 8 Price Time Cycle Peak #SP500 #Swingtrading
Real-time $SPY chart-link: https://www.tradingview.com/chart/SPY/4Rk6yqpF-SPY-Trading-SPDR-SP500-Price-Targets-to-Mar-8-Price-Time-Cycle/
$DKS #Premarket Elliot Symmetry After 100 MA Bounce
Real-time $DKS chart link: https://www.tradingview.com/chart/DKS/3vQIaMl3-Premarket-Elliot-Symmetry-After-100-MA-Bounce/
$M Macy’s #Earnings Breaks Heavy Resistance in #Premarket
https://www.tradingview.com/chart/M/ocX2u9pe-Earnings-Breaks-Heavy-Resistance-in-Premarket/
Technicals:
1. Trading at 30.19 in premarket, up 9.65%
2. Price has broken heavy resistance at previous highs on earnings news, as of writing
3. MACD is turned up, and still has some space to go
4. Previously, there have been tests at the 200 and 100 MA’s, coinciding with a mean reversion working into an ascending wedge/up-chnnel option over ~25.30
Fundamentals:
Earnings before opening bell: https://www.cnbc.com/2018/02/27/macys-q4-2017-earnings.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
Up-channel Option Testing Highs in #Premarket, #Earnings – $SQ chart
Up-channel Option Testing Highs in #Premarket, #Earnings – $SQ chart https://t.co/6IaXdrI8Er
— Melonopoly (@curtmelonopoly) February 27, 2018
Bitcoin was trading 11400’s at alert now trading 9700’s $BTC $XBTUSD #crypto #algorithm #charting #model #timecycles
Bitcoin was trading 11400's at alert now trading 9700's $BTC $XBTUSD #crypto #algorithm #charting #model #timecycles https://t.co/QyX3k79kk3
— Melonopoly (@curtmelonopoly) February 26, 2018
Market Outlook, Market News and Social Bits From Around the Internet:
#5things
-Stocks fall
-Trump set to impose steel tariffs
-Powell faces Senate
-Brexit fight
-Data due
https://www.bloomberg.com/news/articles/2018-03-01/five-things-you-need-to-know-to-start-your-day …
#5things
-Stocks fall
-Trump set to impose steel tariffs
-Powell faces Senate
-Brexit fight
-Data duehttps://t.co/Xi1uYqDAYU pic.twitter.com/454oFH2ID6— Bloomberg Markets (@markets) March 1, 2018
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).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid much of the day trading risk (preferring to daytrade only what is structurally set-up also on the swing trade side and to my advantage in the algorithmic model charting). I often avoid the first 30 minutes (gap and go) and trade momentum stocks or structured (per explanation in previous sentence) stocks later in day after a wash-out looking for a snap-back trade that can possibly also become a strong swing or longer term trade that I can leg in to. 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 Charting Model 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: $MNGA $NVAX $FOX $DDD $AFSI $AKS $NWL $SRNE $BBY $X $CRM $DPW $DUST $TVIX $CRZO $CRH $YINN $JDST $DGAZ $UVXY $SHPG
(2) Pre-market Decliners Watch-List : $PTLA $WPP $OSTK $MNST $ATRA $ECYT $JNUG $NUGT $UGAZ $STM $CCI $GOLD $GDDY
(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), $BTCUSD Bitcoin.
(5) Recent Upgrades:
UPDATE: Mitsubishi UFJ Upgrades PDC Energy $PDCE to Overweight, ‘Discount to Peers too Wide’
BofAML initiates Twilio at 32% upside –
Ryman Hospitality Properties $RHP PT Raised to $70 at Citi
(6) Recent Downgrades:
Aqua America $WTR PT Lowered to $35 at Baird
Monster Beverage $MNST PT Lowered to $63 at Deutsche Bank
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
Algorithm Twitter feeds can be found here: $BTC (@CryptotheAlgo) $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.
Article Topics: Premarket, Watchlist, Stocks, Trading, Plan, Powell Testimony, Steel, $X, $Gold, $NVAX, $BBY, $KSS, $HOG, $BID, $NWL, $WMT, $CRM