Compound Trading Tuesday April 4, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $INNL, $GNCMA, $BNTC, $USOIL, $WTIC, $GLD, $DXY – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc 

Intro:

Compound Trading is trading group involved with day trading, swing  trading and algorithmic model chart trading.

Time stamped entries (in permanent archive) copied to this blog 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. 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 DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .

Notices:

New lead trader blogpostWhen You Learn It – You Are Free (Part 1 of Freedom Traders). My Stock Trading Story.

Big Changes: Even though we post my trades and trading room transcript and video daily (which has been a massive time investment) as of now we are posting intra-day small videos to our Twitter feed and YouTube – every trade as they happen. Each will have details of setup and reasoning for each trade. We will still post complete trading room session to Youtube also.

If you missed it, here is the Previous Day Stock Trading Results Monday April 3 (public):

Premarket Trading Plan – Watchlist (member) for Monday April 3 session can be found here (Tuesday’s was not published and handled live in trading room):

 

The Weekly Simple Swing Trade Charting (public) is out. This week however had a lot of indecision in the charts:

Swing Trading Simple Charts (Public Edition) Apr 2 $SPY, $VIX, $USOIL $WTIC, $GLD, $GDX, $SLV, $DXY, $USDJPY

Swing Trading Newsletter (member) is Published:

Review of Markets, Chat Room, Algorithm Charting, Trades and Alerts:

Premarket watch-list for me was all about: 

$GNCMA, $GBR, $PRTK, $CYCC $ONTX

In play today in chat room and on markets:

Two momentum plays at market open today: $GNCMA and $BNTC. Both worked out for a win.

500 Shares 32.12 $GNCMA and 500 add 32.39 and 33.18 1000 shares add and closed $GNCMA out 33.30 all shares decent win not great but decent. Up 1144.00 and with the small $BNTC win around 1500.00 on the day.

Then late in the day after some research in to chatter, rumors and possible announcements I took a small 1000 share entry long in $INNL at 1.68 and the news hit later that evening.

We also did a $USOIL $WTI, Gold $GLD, and US Dollar $DXY review and recorded it and uploaded to YouTube intra-day you will find below.

Stocks, ETN’s, ETF’s I am holding:

I am holding (in order of sizing – all moderately small size to micro sizing) –  $INNL, $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (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. I am now 95% cash in daytrading account.

Note-able Momentum Stocks Today (via FinViz):

Ticker Last Change Volume Signal
GBSN 0.01 208.70% 812170592 Top Gainers
GNCMA 33.39 62.40% 7801800 Top Gainers
CALI 2.85 54.89% 3031741 Top Gainers
INNL 1.82 42.19% 6088546 Top Gainers
BNTC 4.10 34.38% 19386800 Top Gainers
CONN 10.90 28.99% 4749400 Top Gainers
GNCMA 33.39 62.40% 7801800 New High
PRTK 22.85 22.85% 9115355 New High
RNN 0.64 15.32% 18172701 New High
LVNTA 50.43 13.30% 7105500 New High
WHLR 13.74 -3.58% 108460 Overbought
FIZZ 85.50 1.15% 248466 Overbought
QLS 20.11 -0.14% 32700 Unusual Volume
CRVS 10.36 -49.98% 5599400 Unusual Volume
CALI 2.85 54.89% 3031741 Unusual Volume
TGC 0.70 79.49% 1183749 Unusual Volume
ABUS 3.25 -1.52% 350554 Upgrades
AYI 173.93 -14.77% 5595500 Earnings Before
OPK 7.73 -0.26% 2535617 Insider Buying

The Markets Looking Forward:

Our issue with a market rip is primarily the once in a decade resistance cluster not far over head for oil, and it’s slowly downtrending.

Algorithmic Chart Model Trading / News:

Sorry about the video mic quality in below, but we did fix the mic settings for Wednesday session FYI.

US Dollar $DXY Video Review

Gold $GLD Video Review:

 

The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Swing Trading Notes / News:

The Swing Trading Twitter feed is here: https://twitter.com/swingtrading_ct.

Simple swing charting that keeps me level when looking at the markets (examples below). Simple charting I find grounds you to simple trades which in turn keeps you profitable in toppy or sideways markets.

US Dollar $DXY $USDJPY $UUP & Currencies of Note:

NA

Gold $GLD $XAUUSD / Gold Miner’s $GDX:

Silver $SLV:

Crude Oil $USOIL $WTI:

EPIC the Oil Algo Killing it as usual: Price on its way to Tues 430 target. Crude algo intra work sheet 239 PM Apr 4` FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT

$USOIL, $WTI, Algo, Targets

Price on its way to Tues 430 target. Crude algo intra work sheet 239 PM Apr 4` FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT

Volatility $VIX:

$SPY S&P 500:

$NG_F Natural Gas:

NA

Live Trading Chat Room Transcript: (on YouTube Live):

 

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.

Sartaj: Open house today?
Curtis M: Mornin
Curtis M: No 🙂
Curtis M: Going to be a busy trading day 🙂
Curtis M: That video is uploaded to YouTube from yesterday FYI re: $XIV trade
Sartaj: Saw it, thanks. I’ll get to it tonight
Curtis M: kk
Dave: Good morning
Sartaj: Good morning
Sartaj: Welcome
HedgehogTrader: Hi all
Sartaj: Hey Hedgehog
Caide: hello
Curtis M: Premarket is tight so I won’t be on mic for a preamble. I’ll wait until open and see how it looks here. Running scans.
Curtis M: In between action today I am going to review swing trades and some of our algorithm work – an FYI for Sartaj 🙂
Curtis M: $GNCMA, $GBR, $PRTK, $CYCC $ONTX
Curtis M: On mic>>>>>>>>>>>
Curtis M: 500 Shares 32.12 $GNCMA
Curtis M: Stop set at 30.45
Curtis M: Below 8 EMA
Sammy T: $BNTC is running I am in
Curtis M: Long 500 add 32.39
Curtis M: Stop at 32.38 $GNCMA
Curtis M: Long 33.18 1000 shares add
Curtis M: Holding with a stop at 32.38 2000 shares
HedgehogTrader: $EXK smokin again (silver miner)
MarketMaven: In $XXII
Sammy T: Nice Hedge
Flash G: Opened position in $MACK
Flash G: Swing Trade
Flash G: Also a long $AIC here but likely short time frame
Flash G: Market looks like it will turn for a run in next 24 hours or so.
lenny: $BNTC might go parabolic Curt
HedgehogTrader: $MUX looking like it will go (silver and gold miner)
HedgehogTrader: 16% short interest
Curtis M: $ADPT halt
HedgehogTrader: Curtis, take a look at $MUX
Curtis M: ok
lenny: $ADPT tanked
lenny: $BNTC great momo wow
HedgehogTrader: MUX interesting also due to high short interest
HedgehogTrader: 16%
HedgehogTrader: and silver looks really good too
Curtis M: Bulls are in Silver for sure
Curtis M: $MUX looks great IMO
HedgehogTrader: can you pull up a silver chart?
HedgehogTrader: looks dynamite
Curtis M: yup
HedgehogTrader: 🙂
Flash G: market ticks are soft soft soft
Curtis M: Stop on $GNCMA set 32.46 moved up
HedgehogTrader: above 1850s on silver we should see run to 19s
HedgehogTrader: and miners offer the best leverage
Curtis M: Closed $GNCMA out 33.30 all shares decent win not great but decent
Sartaj: Can you go to the volume mixer? Right click on the volume button
Curtis M: $CYCC halt restart 10:29
Curtis M: $CYCC halt restart 10:29
Flash G: $KATE long very small test
HedgehogTrader: $UGAZ +9% and back above 50dma
MarketMaven: $SOL low float might get rippy
HedgehogTrader: something to file away if you are in $UGAZ but my signals suggest the ETF should rally on Friday
Curtis M: 9.56 long 1000 shares $CYCC
Curtis M: on mic>>>>>>>>>>>>>>
Curtis M: Out Flat
MarketMaven: $LIGA one of my fav OTC plays here
MarketMaven: $LIGA $USRM $MMEX in OTC
Sartaj: Welcome back, Dave
Curtis M: $CYCC I wouldn’t sit in too long FWIW
Curtis M: Going to review swing trade set ups and algo charting between 12:00 and 1:00
lenny: $CYCC bank on top of bank now
Carol B: ha ha
Flash G: $CYCC incredible if you want my opinion
Flash G: I suppose it is lung cancer.
Flash G: $TSLA just keeps paying us Curt
lenny: Adding to $CYCC soon on break
lenny: Adding now $CYCC
Curtis M: Oil nearing resistance – possible short position oil related in $DWT $DWTIF on deck or long over resistance
Curtis M: $SWN over 8.40 held gets interesting
Sartaj: Target about to hit. Epic!
HedgehogTrader: nice!
Sartaj: Random walks aren’t truly “random”… computer scientists’ perspective. 🙂
Sartaj: My old data science prof would probably kill me, though.
Curtis M: I am delayed a few mins Sartaj FYI
Sartaj: No problem, I’ll be here
Sartaj: Welcome back again, Dave. EPIC is close to hitting a price-time target
Sartaj: We were just discussing random walks
Curtis M: Ok got myself settled – sorry – had unexpected conference call – will do swing trading review in 5 mins on mic
Sartaj: Ready
Sartaj: Welcome back, Leanne
Curtis M: What a busy day lol.
Sartaj: Hey, Mat
Curtis M: Ok. Reviewing EPIC the Algo first in 1 min on mic >>>>>>>> Sartaj – please publish video as non public for EPIC and send a link to members and advise on Twitter there is a video update in their email inbox when done thanks.
Sartaj: Done deal.
HedgehogTrader: UGAZ running
Leanne: Thanks Sartaj, just got back from taking kids to school ready to roll now!
Curtis M: I’ll do Gold next in a few mins
Curtis M: You can publish all the rest as public Sartaj
Sartaj: Sounds good
Sartaj: EPIC update will be uploaded in 15 minutes, and then pushed out to our member mailing list
Curtis M: Office hopping with member questions…. on to Gold now…. on mic>>>>>>>>>
Curtis M: we’re going to try and fix the echo first jeez loll
Curtis M: back in a min
Curtis M: haha pretty office heh?
Sartaj: Try that
Curtis M: official on office lol ok in 1 min
Curtis M: On mic re: Gold chart >>>>>>>>
Sartaj: Recording
Curtis M: off mic >>>>>>>>>
Eric: thanks curt, fantastic details
Curtis M: Will do the USD in 5 mins and then take a look at market before doing any swing reviews.>>>>>>>>
Curtis M: no prob 🙂
HedgehogTrader: great commentary on gold Curtis
Curtis M: why thanks 🙂
HedgehogTrader: you can also see $DBC the commodity ETF looking strong, bodes well for hard assets
HedgehogTrader: like oil, gold, etc – $DBC is now back above 200 dma
Curtis M: Nice
Curtis M: Sartaj on mic in 1 min $DXY US Dollar Index >>>>>>>
Curtis M: This can be shared publicly.
HedgehogTrader: and do small stocks give us a heads up? $CDNX is now above 50 dma
Curtis M: I’d like to watch the conventional chartist work on this chart lololol
Sartaj: Ready for broadcast
Curtis M: Echo bad on hold sorry
Leanne: hello
Leanne: very quiet on my end
Sartaj: Now you know why it’s called a “live room”
Leanne: I can hear you now!!!
Leanne: woo hoo
Curtis M: ok thats it for the dollar
Curtis M: Looking at the market to see if there’s a trade then I’ll do swing reviews when and if things slow
Curtis M: Hey Sartaj – why don’t we do a video on Leaderboard stocks and what I’m looking for
Curtis M: What I’m looking for when scanning afternoon leaderboard stock set ups etc…
Sartaj: Sure, we can do that
Curtis M: ok
Curtis M: 1 min on mic >>>>>>>>>>> Scanning Stock Set Ups (leaderboard) for afternoon play.
Sartaj: ready
Curtis M: On mic>>>>>>>>>>>>
HedgehogTrader: odd- i can’t hear a peep
Leanne: i can’t either
Curtis M: Ok working
Leanne: i’ve just been watching and thinking about what you’re saying!
Curtis M: lol
Curtis M: We’re going to delay voice broadcast until tomorrow. Just run chat rest of day and video charts. We’ll fix it tonight.
Curtis M: So looking for volatility play based on $SPY and $VIX – scanning there first then equities for an afternoon play.
Curtis M: Target for $SPY EOD is 235.60 ish
Curtis M: So now take a look at how $VIX is doing to see if I can exploit eone of $XIV $TVIX $UVXY $SPXL $SPXS etc…
Curtis M: $CONN on watch for break of high of day
Curtis M: Watching for volume velocity – power in buying and HOD break
Curtis M: Here we go…. should pop soon
Curtis M: $CONN
Curtis M: lol EPIC
Sartaj: It’s happening
Sartaj: Also, welcome to our newcomers. A pleasure to have you all here
Curtis M: i find it funny now
Sartaj: If you’re just joining us, how did you find out about this room?
tran: internet
Shiela Schmidt: Twitter

Curtis M: Leader Board $GNCMA 64% $CALI 57% $BNTC 44% $CYCC 40% $CONN $PRTK $CETC $AFSI $BGR
Sammy T: Slow afternoon
HedgehogTrader: a small miner to watch $AAU
Flash G: Yes. Did update all my swings and will wait for Curts report tonight. But I think we have setup.
HedgehogTrader: AAU out with a positive prefeasibility study
Sammy T: thanks hedge checking it out
HedgehogTrader: it has a 100M mkt cap and is a nice trader when metals perk up
HedgehogTrader: miners look very positive overall- gold miners are outperforming gold which is what we want to see
Curtis M: It’s looking more and more like the break will be to upside long term – soooo close now
HedgehogTrader: wee nanocap pot stock i like that is running now $UBQU
HedgehogTrader: volume massing last few days
Curtis M: Man, Nich knows how to call em’ pow $EXK
Curtis M: Ya I like $UBQU nice play imo
Sammy T: I’m in it
HedgehogTrader: thanks! 🙂 yup $EXK is beating everything in its sector
Sammy T: Len is too I think
MarketMaven: Great call once again Nich!!
HedgehogTrader: thanks! it’s nice when they do that 🙂 i did have some good conviction due to fundamentals and insider buys from CEO
Curtis M: Good research.
Curtis M: I’m going to try a small flyer here on $INNL for a swing over night .5% position lol 1000 shares 1.67
Curtis M: Sorry 1.68 correction
Curtis M: Long $INNL 1000 share 1.68 for o/n swing
HedgehogTrader: watching for copper to start joining the other rallying commodities
HedgehogTrader: once we see that, eyes will also be on shippers who need to move those heavy materials
Curtis M: Shippers will be a ripper if things set up and go soon here
Curtis M: $EXK squueeeeze
Curtis M: $INNL took a flyer on it because of late day momo and insider buying lately.
lenny: Profitable day. I’m cutting out to get some air. See u guys in morning. Get your mic fixed haha!
Sammy T: Bye Lenny
Curtis M: TY
Leanne: With you on INNL at 1.66
Curtis M: GL on that:)
Curtis M: GL me lol
Leanne: I have not had a winner in a while, thanks Curtis!
Curtis M: Lets hope we get a winner 🙂
Leanne: I have faith
Curtis M: Well have a great night all! I have a ton of work to do to catch so I’m outta here! Best team ever:) Peace.
HedgehogTrader: thanks Curtis, take care
Leanne: you too, take care Curtis
Leanne: hug your loved ones!

Be safe out there!

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Article Topics: $INNL, $GNCMA, $BNTC, $USOIL, $WTIC, $GLD, $DXY – $XOM, $NE, $ONTX, $DUST, $TRCH, $LGCY, $SSH, $ASM – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Learning, How To, Trade, Trading, Educational, 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


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Thursday Feb 2, 2017 $NAKD, $BNTC, $DFFN, $PULM, $UWT , $DUST, $JUNO, $CBMX, $TRCH, $LGCY – $SPY, $GLD, $GDX, $SLV, $USDJPY, $DXY, $USOIL, $WTIC, $VIX, $NG_F…

Intro:

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/ .

Notices:

Trading Room News Memo – There is a new member memo out that updates our members on trading room news and upcoming events. It also discusses our upcoming announcement of weekly webinars for existing members that wish to use our work in a more in depth manner and prospective members that would like to understand more about what we do. These webinars will be weekly for all six algorithmic charting models, our swing trading service and our trade room – each being 30 minutes in length. You will find the memo here: 

Compound Trading Stock Trading Room Member Memo Feb 3, 2017 

Trading Room Transcripts and Post Market Trading Reports – Some members have asked about trading room transcript accessibility, we are currently interviewing providers and should have an announcement early next week. The post market trading result reports that we haven’t posted over the last few weeks we will catch up on this weekend and going forward will do our best to get them out daily, but I get it, the more convenient and timely the data is the better – so we’re working on that solution right now.

Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:

I took a trade in oil related on Thursday and it was a perfect entry – couldn’t have been better. My sell was close to the top of the intra-day range also. THE MISTAKE I MADE was not re-entering after oil washed out again because in overnight trade oil held up. My concern of course is that we are getting so close to significant resistance on the oil chart that I didn’t want to hold. Oh wait, I did take the second trade (timed right) but I cut it flat and didn’t hold. That’s what happened sorry bout that. Anyway, the initial trade I reviewed on Periscope while in progress. You can find it here:

Also, I’m still on the wrong side of that Gold / Miners / Silver trade and I have absolutely no excuse because I knew months in advance the bottom call from Rosie the Gold Algo and SuperNova Silver Algo – and I even doubled down on $DUST the other day. HOWEVER, Gold does have two very significant hurdles coming overhead that have low probabilities of price action clearing – unless of course geopolitical reasons change that.

Momentum / Noteable Stocks Today:

Ticker Last Change Volume Signal
NAKD 2.78 137.61% 17191500 Top Gainers
BNTC 3.75 134.37% 9886100 Top Gainers
DFFN 4.77 55.88% 793500 Top Gainers
PULM 5.10 36.73% 52421606 Top Gainers
WINT 1.69 27.07% 933900 Top Gainers
PZRX 1.75 25.90% 1033500 Top Gainers
CALA 8.45 21.58% 1454600 New High
BRKS 20.36 15.09% 3727600 New High
IDXX 139.07 13.25% 2755300 New High
AAMC 80.49 23.83% 13767 New High
WOOF 90.57 -0.07% 2473500 Overbought
PAM 49.07 3.22% 753500 Overbought
HSCZ 26.00 -0.12% 213077 Unusual Volume
NAKD 2.78 137.61% 17191500 Unusual Volume
BNTC 3.75 134.37% 9886100 Unusual Volume
SCIN 16.16 2.34% 188000 Unusual Volume
ACIA 57.34 4.29% 2218400 Upgrades
ADHD 1.16 -8.66% 1370500 Earnings Before
OPK 8.51 -1.39% 2422054 Insider Buying

Holding:

I am holding $DUST, $JUNO, $CBMX, $TRCH, $LGCY after coming off those aftermarket earning scalps. $GOOGL I dumped when it dipped and $ROKA I sold the other day.

Looking Forward:

Everything is at decision time. US Dollar $DXY and $USDJPY at support decision, $GOLD $SILVER at decision support, $OIL at decision resistance, $VIX is almost dead, $SPY seems dead. Still playing morning momos and waiting for the current decisions to play out.

The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Announcements in Trading Room:

Swing, Trading, Results, Stocks

$CBMX Swing Trade Members Having a Good Day, Trading, Stocks

Stock Chat-room Trading Transcript:

Miscellaneous chatter may be removed.

09:12 am Sash A : LULU got an upgrade
09:12 am Sash A : Urban Outfitters tanking
09:14 am Rome O : $ETRM pullback premarket
09:16 am emily m : Watching $AMD again was a good winner yesterday
09:23 am Mathew Waterfall : Will be looking for a way out of my $TLT calls expiring tomorrow early this AM on this gap up. May also trim a few $NUGT calls but want to see what kind of action we get in the dollar here. A retest of 99.82 wouldn’t be a shock
09:26 am Sash A : $SUNW on watch
09:30 am darnel p : L $XGTI
09:32 am Mathew Waterfall : $NUGT caalls .81 from .5. I’m going to exit at a double if we get there
09:33 am Mathew Waterfall : $SPY just entered my short area. Taking small $TVIX as a short here. Out of it clears HOD, $SPY that is
09:35 am Carol B : $NVCN rocking
09:35 am Mathew Waterfall : $FB lol
09:37 am Mathew Waterfall : Out $TLT calls expiring tomorrow. Still in the Mar 17 126’s of course
09:37 am Mathew Waterfall : Those were small loss but wanted to close them. Small position as well so not a big deal
09:39 am Stan T : $NVCN pylled back
09:40 am emily m : Want a pullback in $PULM here
09:41 am Curtis M : Pit close will be interesting today if Oil tradng up in here
09:43 am Curtis M : Looking at one more $DUST hit – likely not but watching
09:43 am Curtis M : $PULM nicewin guys
09:44 am BAxter A : I’m in $PULM on the PB
09:45 am Curtis M : Congrats!
09:45 am Stan T : I want to add but
09:47 am Kevin E : $IDXG getting jiggy
09:48 am Curtis M : wow
09:49 am Curtis M : $NAKD 53%
09:50 am Mathew Waterfall : Watching $UAA here. In with a break of yesterdays high
09:52 am Curtis M : $BNTC halt
09:58 am Rome O : Sold $PULM nice nice n
10:01 am Sash A : $BNTC 130%
10:07 am Mathew Waterfall : Raising stops on $PLG here. up 20 cents from 1.68 entry
10:08 am Curtis M : I can’t bring up $BNTC on this computer but I have t on my others and its off heavy anyway
10:08 am Curtis M : Tradingview doesn’t like it lol
10:17 am darnel p : $NAKD pulled back here at 50 day
10:26 am Stan T : Awesome day
10:32 am Ashton S : $APOP halt
10:35 am Mathew Waterfall : Stopped on that $ETRM play few cent loss. I’ll let Curt handle these momo’s lol
10:36 am Curtis M : Watching crude close on another monitor for possible long
10:44 am Curtis M : Crue may turn here
10:48 am Mathew Waterfall : Break time. Back in a few after scanning
10:48 am Curtis M : k
10:53 am Curtis M : Long $UWT
11:06 am Kevin E : haha just watched you video!
11:06 am Kevin E : nice play curt
11:06 am BAxter A : I followed lol
11:07 am OILQ K : ya me too
11:07 am OILQ K : OF COURSE!
11:19 am Mathew Waterfall : Back in action over here. Just sold some $OPXA 1.0666 from .95 entry last week
11:19 am Kevin E : action man lets get at it:)
11:20 am Deb E : Mat buys with 8 arms and sells with 8 legs
11:20 am Kevin E : ha
11:20 am OILK K : True
11:21 am OILK K : This play is going well thanks Curt!
11:21 am Curtis M : yeehaw
11:21 am Curtis M : resistance here tho
11:21 am Mathew Waterfall : I guess Im a spider then Deb?
11:22 am Curtis M : I was thiinking octo
11:22 am Kevin E : spider better
11:22 am Kevin E : crude getting through this curt?
11:22 am Mathew Waterfall : If we can trade legs for tentacles I’ll take octopus
11:23 am Curtis M : no idea
11:23 am Mathew Waterfall : I just don’t know what that means but I do leg into trades if that’s what you’re getting at lol
11:23 am BAxter A : This afternoon should be good
11:23 am Rome O : Oh ya
11:23 am Stan T : Oil will likely go here imo guys
11:23 am Stan T : I’m in
11:23 am Mathew Waterfall : $UAA getting some buys. Will add over yesterdays high, anotehr over Tiesday high
11:24 am Kevin E : $UAA nice
11:24 am Sash A : Here comes oil
11:24 am emily m : great play
11:24 am Mathew Waterfall : Leg one a bit earlier as I said on the Mic, legs 2/3 coming up. Won’t make it to 8 here though unless things get real weird
11:24 am OILQ K : $UAA has upside IMO also
11:25 am Curtis M : Careful with bottom side of that white triangle just saying
11:26 am Curtis M : Indicators look good tho
11:26 am Curtis M : wow power there
11:27 am Curtis M : Powered right in to it
11:27 am Curtis M : algo mania
11:28 am Curtis M : heres the test
11:30 am Mathew Waterfall : $JNUG small tester against LOD
11:33 am Mathew Waterfall : Trailer on that $JNUG. Was looking for gold to make a high over 1221. Out if gold turns down again here
11:35 am Curtis M : Toch RSI turning up on oil
11:35 am Curtis M : battleground
11:35 am Curtis M : Good buy spot on Gold chart long
11:36 am Mathew Waterfall : Lined up between usd/jpy and $GDX. Both went in favor of gold/miners up so I took it
11:36 am Mathew Waterfall : we’ll see
11:37 am Curtis M : Theres some decent sentiment in the news today on oil related so I’m hpoing for a break up in to new zone overhead
11:37 am Mathew Waterfall : You think this Iran action is going to drive prices up?
11:37 am Curtis M : My news feed vanished lol
11:38 am Curtis M : Its gone on my othe rmonitors too
11:39 am Curtis M : I’ll send u over some stuff
11:39 am Mathew Waterfall : Cool
11:48 am Mathew Waterfall : $UAA trying. Would love to seer/g on the day
11:49 am Kevin E : it should
11:49 am Mathew Waterfall : If not it’ll be a inside and down most likely on the daily which aint no good
11:53 am Mathew Waterfall : $GDX needs over that fib at 24.38 with some juice to get going here
11:54 am Curtis M : Getting up to the top of that quad we taled about a week or so ago
11:54 am Curtis M : 9 out of 10 times lol
11:55 am Mathew Waterfall : Im looking for at least a final push here. Gold is cooperating so far
12:00 pm Curtis M : sold
12:00 pm Curtis M : fark
12:01 pm Curtis M : Ill reenter if it goes
12:02 pm Mathew Waterfall : $UAA dip buy here. Through lows and yesterdays premarket lows and Im out
12:02 pm Mathew Waterfall : 10 OPEC members are forging ahead, implementing 83% of cuts, but Iran, Nigeria and Libya are dragging them backwards https://www.bloomberg.com/news/articles/2017-02-02/opec-cuts-oil-production-but-more-work-needed-to-fulfill-
12:03 pm Curtis M : interesting
12:03 pm Mathew Waterfall : Yea I thought so to. Nothing mindblowing but confirmation on both sides
12:04 pm Curtis M : I’ll renter if it gets in to that triangle
12:10 pm Kevin E : I holding $UWT
12:10 pm Kevin E : like the $UAA idea too
12:10 pm Cara R : We’re long $UAA from yeserday
12:11 pm Curtis M : rebooting a server f you guys get shut out or cant chat fyi
12:20 pm Mathew Waterfall : Out $JNUG 6-7 cent loss. Gold breaking to lows so I’ll sit and wait for now
12:27 pm Kevin E : $PULM 🙂 nice washout
12:34 pm Mathew Waterfall : $GDX/$JNUG/$NUGT relative strength on gold weakness. Lots of buying there
12:34 pm Mathew Waterfall : Dislocation can be a good thing when gold gets another pop
12:35 pm Mathew Waterfall : Also Q’s continued wekaness and $IWM still red. Keeping my eyes open here even as SPY fights for green again
12:37 pm John M : $RSX up Russa
12:38 pm John M : Also thinking $FB here maybe
12:40 pm Mathew Waterfall : Yepp $RSX and the ruble loved that news
12:58 pm John M : Spice in news re Iran
12:58 pm John M : Curts Twitter I seen it haha
12:58 pm Curtis M : yup
01:06 pm Curtis M : Long $UWT
01:18 pm Mathew Waterfall : Seeing some call flows into the oil and gas space. $XOM with some heaters
01:18 pm Curtis M : intereresting
01:19 pm Curtis M : was just chatting wth oil traders everyone very keen right now
01:19 pm Curtis M : polorized better descrp
01:19 pm Mathew Waterfall : A lot of people trying to catch the bottom and there’s lots of support right below in many of those names
01:30 pm Mathew Waterfall : Gold vertical. The metals and miners have been a tough trade today lots of washing machine actions up and down chop
01:32 pm Mathew Waterfall : Now seeing some bull bets in volitility products. This action gets me all excited we might have some action on the horizon!
01:39 pm Sash A : Hope afternoon session better than yesterday
01:40 pm Curtis M : We need volatility
01:40 pm Curtis M : sooooo bad
01:41 pm Curtis M : out flat
01:41 pm Curtis M : well paid the broker fees and 2 hotdogs
01:41 pm Curtis M : now it will go to the moon
01:44 pm Mathew Waterfall : Today is a bit of a snoozer after those gaps and early plays. Good day to practice pateince and discipline if nothing else
01:45 pm Curtis M : Just like when I was young and though with wrong head and got really bullish lol thats how I get with the market now that Im old – pent up is an understatement
01:45 pm Curtis M : when something goes the right way I will be leveraged ten houses deep
01:45 pm Curtis M : lol
01:46 pm Stan T : i feel ya
01:46 pm Curtis M : i have to get some scale lol size plz
01:46 pm Mathew Waterfall : I had a trader once tell me” The market doesn’t owe you anything, and you can’t make it pay you”. After reading Jessie Livermore’s book he basically ripped that off from him but that doesn’t make it any less true
01:46 pm John M : Its coming
01:47 pm Ashton S : true
01:47 pm Mathew Waterfall : I like to keep that in mind when I think I’m right and want the market to move how I think it should. It’s not my sandbox I’m just playing in it
01:48 pm Curtis M : jiggy
01:49 pm Curtis M : maybe my imagination but that $SPY chart is moderately bullish
01:52 pm Mathew Waterfall : Ticks are to the upside here so I wouldn’t disagree
01:54 pm Curtis M : $CBMX HOD
02:00 pm Curtis M : Add $CBMX
02:00 pm Curtis M : Swing from weeks ago
02:05 pm Mathew Waterfall : I got an alert on that at 3.65 and it was up 40 cents before I could even get an order in lol so I didn’t chase
02:06 pm Mathew Waterfall : It likes to popto 4 and settle back in the low 3’s so I’ll wait it out. One of these days it’ll run huge though IMO
02:07 pm Mathew Waterfall : $FB double top in progress. This is just liek $GOOGL last week
02:08 pm Mathew Waterfall : $CBMX 33k block 3.95
02:11 pm Mathew Waterfall : Smells like short cover at that speed but who knows
02:13 pm Curtis M : $TRIL HOD
02:17 pm Curtis M : $DRYS lift
02:18 pm Mathew Waterfall : Dollar almost made 99.82 target not backing off a bit. Still watching that as direction for almost everything else I’m doing
02:29 pm Mathew Waterfall : $TENX small bio entry at .85. Stop is all the way down at .4 for new lows so I’m giving this some rope
02:40 pm Mathew Waterfall : $TENX is a swing bottoming play for me as usual. It will run but probably not today
02:42 pm Stan T : Its like market shut off or something
02:43 pm John M : Yeah I have used the time for study might call it
02:43 pm John M : Amazon coming
02:43 pm Mathew Waterfall : These last couple weeks feel very strange to me. Like you said it seems like the market is off, and has felt like we were directionless a number of times
02:44 pm Curtis M : 10 4 to that
02:44 pm Mathew Waterfall : Maybe the algos aren’t running wild, or maybe people are quitely positioning for something, but it doesn’t make me want to jump into positions with both feet
02:45 pm Mathew Waterfall : Like it would in the week between christmas and new years, except for most of the month of January. Most moves shut down, just grinding around. Vix smashed. Odd to me and I can’t get a decent read
02:45 pm Curtis M : Its been 12 sessions – the only obvious plays I’ve missed related to the Gold bottom turn – have no excuse for that but everything else for 12 days tough most everythinh
02:45 pm Curtis M : ya
02:45 pm Stan T : so true
02:46 pm Mathew Waterfall : Dollar hit my level should come off here
02:47 pm Curtis M : SPY is fixed I dont know if it will ever drop again
02:48 pm Cara R : haha
02:48 pm Cara R : It can drop
02:49 pm Mathew Waterfall : In theory you’re not wrong, but in practice I’ll believe it when I see it
02:49 pm Mathew Waterfall : It almost feels like players are jumping ship before a big correction. That’s the only thing that can make sense here
02:52 pm trent p : odd
02:53 pm Curtis M : Crude near support but I’m not taking trade because of pit close
03:02 pm BAxter A : $NAKD all kinds of power hour action up down
03:02 pm Stan T : roulette
03:17 pm Flash G : GoPro mojo
03:17 pm Mathew Waterfall : $GPRO has earnings today I think after the bell
03:18 pm Flash G : yes
03:22 pm Rome O : thats it for more me – see ya fri i predict a big day after earnings
03:25 pm Mathew Waterfall : See ya Rome. Im done trading as well just watching from the sidelines here and letting positions work
03:52 pm Mathew Waterfall : $TWTR rumors spike. In some lotto’s for tomorrow to see if this gets weird over night
03:53 pm BAxter A : See ya in morn
03:53 pm Sash A : ya i guess its that time see yall
03:58 pm Mathew Waterfall : Night all, Im out of here. Currency watch will commence gain tonight though not expecting as big og moves across the board. Again watching credfit spreads to see if we get more tightening and see what the bonds have in store
03:59 pm Mathew Waterfall : New keyboard, same old typos lol
03:59 pm Curtis M : cya
03:59 pm Jack D : bye bye
04:00 pm darnel p : later

Be safe out there!

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