The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Morning momentum stocks on watch so far: $PIRS $PHMD $ESES
Markets: $SPY $ES_F $SPX mid range floating, $GLD Gold on its second day sitting right at that magic support area, $GDX, $SLV are in no man’s land lost still. $USOIL, $WTIC hit that resistance I talked about yesterday and kaboom and landed on support and bounced a tad and I’m long for a quick trade. $DXY has been flat just under 200 MA for seven days as is $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:
Stocks with News: $PIRS, $OPHT, $SNGX
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: $UWT, $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: $RTIX, $BLMN, $SNAP, $JUNO, $GREK, $UAA (20 MA about to cross up 50 MA)
$TAN Watching MACD turned up price over 20 MA SQZMOM green. Need price over 50 MA with 20 MA breach 50 MA. This is one of those where .. pic.twitter.com/ToM0sG9W1b
Looks like clear skies on deck .Watch those large and mega caps – when they stall things could change. Apple earnings today.
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:
$OPHT Ophthotech Reports First Quarter 2017 Financial and Operating Results http://files.shareholder.com/downloads/AMDA-25HR8L/4405728326x0x940569/cfd3cab0-fd71-4202-a57c-60c7e9d565ad/OPHT_News_2017_5_3_General_Releases.pdf … Cash Position 227M market cap 102M
$PIRS +52% here is the news http://www.pieris.com/news-and-events/press-releases/detail/562/pieris-pharmaceuticals-and-astrazeneca-collaborate-to …
$SNGX Soligenix receives FDA protocol clearance of SGX942 Phase 3 clinical trial
Sprint shares gain 4% premarket after Q4 revenue beats expectations #stocknews
The Oprah effect is paying off big for Weight Watchers. $WTW posts surprise profit & jump in subscribers. $WTW up nearly 15% #premarket.
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland 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).
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 : $PIRS $PHMD $ESES $STRP $FEYE $OB $WTW $APOP $PSTI $LLNW $FSLR $DLPH $NVO $CTXS $VRX $OCN $MDLZ $TVIX I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List :$TWLO $ETSY $AKAM $CRAY $FTR $OCLR $FCX $RIO $AAOI $ACIA $GILD $DXCM $XIV $SPY $QCOM $SHOP $APC $PRGO $SYF $STM $ERIC $BDSI $AAPL $USLV $GLD 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: $FEYE $ARRY $FSLR $HP $MCD $KGC $STE $KAI $MDLZ $OAS $BMY as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $PBPB $AKAM $QTS $VRSK $XOG $SRCI $APC $CHTR $TWLO $COR $BLKB $GHDX $FIS $APC $BMY $SYF $SHOP $DXCM 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).
Compound Trading is a trading group active in day trading, swing trading and algorithmic model charting (black box).
Time stamped entries (in permanent archive) copied to this blog are direct live log chat from chat trade room as they occurred (random chat not applicable is deleted from transcript below but raw video footage is as it occurred – uncut). Chat trade room is recorded daily for trade archive (embedded below and available on our YouTube channel).
In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators we are looking for in and out off each trade. Typically at market open and for chart review during lunch hour at minimum) and has live chart screen sharing right from our monitors. At times guest traders and associate traders will screen share charting and/or voice broadcast.
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 DISCLOSUREhttps://compoundtrading.com/disclosure-disclaimer/ .
Notices:
If there was a day for a learning trader to gets some education from our trading room it was today. Trust me. Go to our YouTube page and sift through the two videos A and B of raw footage (yes you will have to find the areas of the day where there was live voice broadcast) and take a seat and listen up. I’ll GUARANTEE YOU there are nuggets in there for a LIFE LONG TRADING EDUCATION.
Did more training in today’s session than I have for a long time. Hopefully the video turns out ok when published. Most of day:) #trading
Did more training in today's session than I have for a long time. Hopefully the video turns out ok when published. Most of day:) #trading
Last market trading session Post Market Stock Trading Results can be found here: (Previous week Thurs, Fri, and Mon are coming someday soon).
Premarket Trading Plan Watch-listfor this session can be found here (locked to respect members and unlocked to public about a week later for transparency):
Most recent Premarket Chart Set-Up Video (most recent available to public – there may be other exclusive’s in member newsletters):
$INFI Member homework review. Early IMO. Daily. Wait for price above MA’s then assess.
$INFI Member homework review. Early IMO. Daily. Wait for price above MA’s then assess.
Stocks, ETN’s, ETF’s I am holding:
I am holding (in order of sizing – all moderately small size – under 5% of my daytrading acounts) – $ONTX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so.
Live Trading Chat Room Video Raw Footage and Transcript:
Two Part video (Part 1 embed is below and go to Compound Trading Youtube channel for Part 2 of live feed from day and other charting from the day)
Compound Trading Stock Chat-room Transcript:
Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades).
Note: We are testing a new trading room. This particular room does not list a time stamp with each chat entry – we are working on a fix. Also, please note, sometimes pieces of the transcript are missing (also something we are working on). But the video is raw and complete.
Curt M_1: Protected: PreMarket Trading Plan Mon May 1 $IBB, $JIVE, $MYL, $TWTR, $YTEN LINK: https://compoundtrading.com/premarket-trading-plan-mon-may-1-ibb-jive-myl-twtr-yten/PASSWORD: PRE050117New link for trading room this week:http://compoundtrading1.clickmeeting.com/livetradinghttps://twitter.com/curtmelonopoly/status/859012074646712321
Curt M_1: Quarry Rock will be in room today and is in 2 week double account challenge with me FYI. He will also post blog posts as time allows to update his progress.
Curt M_1: Going to get coffee – on mic at 9:05 for premarket review.>>>>>>>>>>>>>>>>>>
Curt M_1: Premarket momo $OCN $BLPH $ASPS $IDXG $ARLP $TRCO $XXII $JIVE $MICT $FCEL $TWTR
Sartaj: Good morning
Curt M_1: Mornin
Curt M_1: on mic in 1 min for premarket >>>>>>>>>>>>
Curt M_1: on mic>>>>>>>>>>>>>>>>>
quarryrock: good morning
Sartaj: Welcome
quarryrock: thank you !
Sartaj: Currently resolving mic issue, thanks
Sartaj: Can hear you now
mat: Quick reminder, europe and asia closed for may day today. Will probably affect volumes overall in the indexes.
Dragt: Friday IPO CLDR moving a little
Flash G: Watching $ITCI
Market Maven: $JIVE $AEZS $OCN on my hit list
Curt M_1: Off mic for pre >>>>>
Curt M_1: On mic for open >>>>>>>
Market Maven: awful open
Flash G: $AAPL swing on track
Sartaj: Sitting on hands for the momo’s
Market Maven: $ITCI long
quarryrock: long AMD $13.45
Flash G: $AAOI tape runner
Curt M_1: $OCN is halted more news
Sartaj: 9:33 halt
lenny: $NXDX positive tape
Flash G: $PCLN ATH on tap
Market Maven: $CCCR could B/O
OILK: $GNMX insider buys the talk there
lenny: $BBRY strong highs
mat: Lots of action over in miner ville. GDX trying to go green with many individual names already there or even
Market Maven: $NSDI on scan now
mat: cccr action
mat: The link from the email was dea. I had to use the link from the tweet
Leanne: I was in the wrong room, email had wrong link I think
quarryrock: $PI on watch for a swing would like to see $36
Sartaj: Okay, good to know. Weird. the pre-market newsletter’s link was updated.
Sartaj: Thanks for letting us know
Flash G: $AMZN nice buys
Flash G: $CELG also
Flash G: $XBI buys heacy too
ny1975: the link from earlier was not working btw
Leanne: the link in the email from this am is not working
Leanne: i tried both
Sartaj: In any case, thanks for baring with us during testing. We will have it resolved for the rest of this week
mat: X swing trade attempt tight stop
Flash G: Watching $X too – interesting action today
Market Maven: I got a piece of $X this morning and $CCCR but not serious enought o alert – really soft
quarryrock: i like $X also
OILK: $MTBC is garbage but yes its moving haha
Curt M_1: Long 2.32 1000 $MTBC
Curt M_1: Halted lol fark
Curt M_1: small entry
Market Maven: I hit it right before you at 3.36 damn
Market Maven: 2.26 correction
Market Maven: Have my stop set on $MTBC haha
lenny: $ECHO 52 week lows
lenny: $VTGN on scan
Sartaj: $MTBC resumed
Sartaj: 10:02 AM
Market Maven: Long $MTBC add 2.41 Curt M_1: L $MTBC 2.515 3000 Curt M_1: Stop 2.39 Curt M_1: Out 2.56 40000 shares Curt M_1: 4000 shares
Market Maven: holding
Market Maven: Just got out 2.54
Flash G: Nice win guys gals
Sartaj: 😉
Scott: I didn’t get any email
Sartaj: Thanks, looking into it now
Flash G: $NCLH 52 week high
Flash G: $TSLA time
OILK: $REXX on the move again
Market Maven: Congrats on all your plays Flash!
lenny: $TWTR decent showing today
Curt M_1: Sorry about that Scott
Curt M_1: We posted it to Compound Trading Twitter feed just in case but ya we’ll know for next time.
Curt M_1: Good play on $MTBC there Maven
Market Maven: lol well you actually may have outdid me on it
lenny: $ASB on scans
quarryrock: long starter swing $PI $36.45
Curt M_1: Anyway, sorry about the admin cluster – Sartaj is sorting it all for anyone not on right list etc.
robbie: ZSAN?
robbie: Hi everyone, by the way. New to the squad.
Flash G: Hey Robbie
Flash G: $EMF 512 week highs on watch
Curt M_1: Welcome Robbie
robbie: Looking forward to learning from all of you. Been watching Curt’s videos. You’re all rockstars, from the sound of it.
Leanne: Welcome Robbie!
Sartaj: Glad to finally have you join us. We usually experience a bit of chaos during migrations, so excuse us for that. In any case, this isn’t a usual occurrence
robbie: Thx Leanne, you’re the best.
robbie: nbd Sartaj, I know how it is.
OILK: u guys are normally on it imo just a minor glitch
lenny: Over 100% likely $MTBC
Flash G: $NFLX wow day
Flash G: $TWTR HOD and $GNBC 52 wk highs
Flash G: $CMG rev gr
Market Maven: Long $MTBC again 2.80
Leanne: ahhh, no need for getting mad, we’re here now, that’s what matters
Leanne: I”m such a mom!
robbie: haha, not mad at all
Sartaj: 52 week highs: $GNBC $EMF
Sartaj: yes
Scott: I’m here
Sartaj: he is in
Leanne: Spiegel is Scott!
Scott: Gave up on Spiegel
Scott: yiu are now
Sartaj: yes
quarryrock: hi im here ! nice to join everyone
Flash G: $IAC 52 wk high
Curt M_1: 20 K start on my double account challenge
Leanne: Best of luck with this challenge Quarryrock. looking forward to seeing this happen!
quarryrock: $PI 13 up days in a row, big down day Fri followed by same today ER thurs
quarryrock: thank you Leanne!
Flash G: $CHW 52 week high
Flash G: $CWST 52 wk high
quarryrock: bravo $TWTR thats a nice deal with Bloomberg
Market Maven: $MTBC short hold tight start and then add if it goes right could go either way
Curt M_1: $TWTR surprised me with action
lenny: $WYNN tape bull now
Curt M_1: Off mic to prepare for mid day chart set ups at 12:00 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Curt M_1: You may get that short Maven
Curt M_1: 11:54 off mic>>>>>>>>>>>>
Market Maven: Added to short of course
Flash G: Nice haha
lenny: I have to admit…. I followed you Maven:)
Market Maven: I know
Market Maven: I covered btw ha
Curt M_1: Nice win Maven!
robbie: When did you short Maven?
Curt M_1: she alerted
Curt M_1: 3 candles back so 15 mins ago or so
robbie: Ah didn’t see it!
robbie: NIce.
Market Maven: yessir
Market Maven: thanks
robbie: eTrade didn’t have shares to short, of course.
Flash G: thats more than I’ve seen Maven talk all year
lenny: Maven hasn’t missed a trade all year
Flash G: true treu
Flash G: My swings hot today daytrades will be hot tomorrow.
OILK: Curt, you did put new link on your twitter feed and compound feed – so ya d
SARTAJ – WE’RE MISSING TRANSCRIPT HERE IF YOU HAVE IT
robbie: Got it
robbie: Is that squeeze indicator a custom one you’ve built, or one on trading view?
quarryrock: BTO $SLW $20 C’s weeklies .17
Sartaj: Trading View
Sartaj: You can also find it on TOS
Sartaj: http://tlc.thinkorswim.ca/center/charting/studies/studies-library/T-U/TTM-Squeeze.html
Sartaj: Thank trading2018 for confirming that
Sartaj: Haha
robbie: Got it, thanks Sartaj
robbie: Looks like 20/200 on CVO are about to cross, as you discussed earlier.
robbie: on 60 min
Hedgehog Trader: Curt, sometime can you have a look at LAC.TO or the US side LACDF
Leanne: Oh! Hedgehog, I am watching that too thanks to you
Hedgehog Trader: insiders have bought 440k shares since Apr 11th and it’s looking ready to break out
Hedgehog Trader: great, Leanne 🙂
Hedgehog Trader: yeah, it’s been one of the strongest lithium juniors in the last 3-4 months
Hedgehog Trader: heavy volume last 3 days
robbie: I see
robbie: Great
Leanne: and if you don’t study and get charts in Curtis gets mad
Leanne: Hedgehog, would you wait until it broke 1.02?
robbie: Got it, thanks for explaining. My my. I’ll get there.
Hedgehog Trader: i have bought some already but yeah i am waiting for it to move up to 1.01 or 1.02 to add more
Sartaj: Not what you expected, Robbie?
Hedgehog Trader: i really like the bullish insider activity and the relative strength its displaying vs its sector
robbie: Sartaj, no, it’s what I expected. Been watching Curt’s videos….but.
robbie: Spending a whole day here certainly adds (humbling) perspective.
robbie: Oh, and I can certainly see why I’ve been more red than green in my young trading career.
Leanne: This place will turn your trading and more importantly your abilities around. You will learn to fish for yourself and trade well
Leanne: Curtis empowers new traders
robbie: I can tell.
quarryrock: cant help but wonder if all these ootm calls bought on $KATE are because Coach is reporting tomorrow am. perhaps they offer some clarity on their interest or lack there of on KATE deal ?
Sartaj: Especially with algo models. Set and forget.
robbie: Yes, 2
robbie: So when would you trigger personally on a play like this?
robbie: Do you wait for confirmations all the way to the daily?
robbie: Got it
robbie: Yes, I’ve a sizable list just from these discussions today.
robbie: Right
robbie: Not bad at all
robbie: Very cool
robbie: yes
robbie: Thanks, haha
Leanne: whew! I get a break from the ruler!
robbie: Everyone else is snoozing hearing the basics, I’m sure.
robbie: Thx for putting up with the newbie team!
robbie: NSPR
Flash G: all good stuff
Leanne: my dogs do too.
Leanne: i’m part of the newbie team too
Leanne: Curtis is that your dog breathing in the b/g?
Leanne: just checkin’
quarryrock: BTC $HUBS ss +.60
Hedgehog Trader: okay it might just be me but i’m hearing music
Hedgehog Trader: lol
Hedgehog Trader: oh i had the other trading room link open
Hedgehog Trader: ha
ny1975: thoughts on twlo?
Sartaj: Yes
robbie: Tell em Curt
Leanne: Curtis no more sleeping for you!
ny1975: yes
quarryrock: $TWLO options implying a 8.1% move in either direction off the $33 strike
ny1975: after market
ny1975: yes small position
ny1975: green
ny1975: 33
ny1975: thats the plan
ny1975: dont want to hold it thru er
ny1975: and on the daily
ny1975: rsi bothersome
Hedgehog Trader: $GREK Opa!
ny1975: yes thanks
Leanne: Thanks Curtis
robbie: Thanks Curtis
Leanne: Have a great night everyone
Scott: Thanks Curtis
Hedgehog Trader: Thanks Curt!
Curt M_1: np 🙂
quarryrock: thank you sir!
Flash G: good stuff
Market Maven: night all
OILK: bye
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No matter what knocks you down in life, get back up and keep going. Never give up. Great blessings are a result of great perseverance
Compound Trading Chat Room Stock Trading Plan for Friday April 21, 2017; $BEBE, $BLDV, $DGLD, $GLD, $XIV, $SPY, $SPXL — $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI – 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:
I will be traveling today – so right after mid day chart set-up review I will be out of room. I will be leaving the room on and Sartaj will be in the room. The chart that I leave on will be static but the chat will be as usual.
$AAU Example of when 20 MA gets upside of 200 MA with price above. KAPOW! Waiting for Stoch RSI to return to bottom curl up. #swingtrading
Most recent Premarket Chart Set-Up Video (most recent available to public – there may be other exclusive’s in member newsletters):
Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters): Thursday market open is still in processing FYI.
Most recent Mid Day Chart Set-Up Review Video (most recent available to public – there may be others in member’s newsletters): Thursday Mid Day chart review is still in processing FYI.
Trading Plan (Buy, Hold, Sell):
Morning momentum stocks on watch so far: Quiet morning
Markets: $SPY could break out here, $GLD, $GDX are both under pressure – we will see – thinking $DGLD, $USOIL, $WTIC tanked like EPIC said it would so we’ll see what range it gets next here.
$SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #trading
$SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #tradingpic.twitter.com/3K9Yzfp3r5
Most holds are small to mid size holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA
I liquidated some positions on the bag list that will be explained in post market trading results report that will come out on weekend.
Market Outlook :
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:
Futures up with focus on France https://seekingalpha.com/news/3258631-futures-focus-france?source=twitter_sa_factset … #premarket $SPY $QQQ $DIA $SH
S&P +0.11%.
10-yr +0.04%.
Euro -0.23% vs. dollar.
Crude -0.16% to $50.63.
Gold +0.09% to $1,285.00.
9:30am Neel Kashkari Speaks
9:45am PMI Composite Flash
10am Existing Home Sales
1pm Baker-Hughes Rig Count
GE 1Q INDUSTRIAL OPER + VERTICALS EPS 21C, EST. 17C
Gilead’s NASH candidate GS-0976 shows treatment effect in early-stage study https://seekingalpha.com/news/3258611-gileads-nash-candidate-gsminus-0976-shows-treatment-effect-early-stage-study?source=feed_f … #premarket $GILD
$BEBE up near 9 percent in premarket trading now … announces it will shutter all of its stores
AbbVie’s G/P achieves 95% cure rate after eight weeks of treatment in HCV-3 patients https://seekingalpha.com/news/3258625-abbvies-g-p-achieves-95-percent-cure-rate-eight-weeks-treatment-hcvminus-3-patients?source=feed_f … #premarket $ABBV
$VRX Announces Pricing For SILIQ At $3500/month As The Lowest Priced Injectable Biologic For Moderate-To-Severe Plaque Psoriasis
Honeywell shares gain premarket after profit and sales top estimates
Mattel shares plunge 8% premarket after sales disappoint
XBiotech slumps nearly 30% premarket on likely EMA rejection of cancer drug:
Schlumberger posts $279M #profit after previous quarter loss
Visa shares up 2.6% premarket
Skechers shares up 3.3% in premarket trade
XBiotech’s stock plummets after cancer treatment receives disappointing review panel vote
$SYRS prices $35m offering at $13.50/share
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).
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 : Quiet morning I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $XBIT $MAT $CBLI $FIZZ $JDST $APRI $STM $GPT $NVDA $BLUW $BUD $SYT $VRX 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: $CSX $GIMO $BDN $WABC $FFIN $FTNT $ALDW $CFG $NS $NSH $DGX $SKX $CLB as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $VZ $MXIM $CP $HUM $ESNT $PRI $COG $VREX $PAGP $PAA $FIZZ $OMCL 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).
