My Stock Trading Plan for Tuesday Jan 17, 2017 in Trading Chat room. $FWP, $CLSN, $CWEI, $BVXV, $RNVA, $XGTI, $BLRX – 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!
Notices:
Per previous;
Goal: Double accounts between now and when Trump sworn in. Range opening in our focus areas for scalps that will add quick.
Feature Post: “Why our Stock Algorithms are Different than Most“. If you are using our algorithmic model charting it is a must read.
Review: If you are not reviewing the post market trading results along with this please do so. We assume our trading room subscribers review it everyday. There is often information applicable to and not included in this premarket report. You will find the post market trading result reports on our blog daily.
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Current Holds:
$CBMX, $JUNO, $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).
General Market Outlook:
My general bias (as a trader – not algo math) is for the market to be somewhat flat or deflate prior to Jan 20 inauguration, Gold and Silver to get further lift but back off between Wednesday afternoon and Monday. After the inauguration my bias is toward Gold and Silver getting punished when the Trump train gets moving again (no telling if this will be days or weeks or even a few short months). But I do think Trump will crush Gold, Silver etc and the $VIX at some point. The $VIX I will be watching close. Oil I think has headwinds. Natural Gas I am continuing to watch. Smaller Gold / Silver / Oil companies and Shippers / Greece I am watching very close also. But of course with Brexit in the news, the OPEC situation and inauguration I am going to stay very nimble and likely trade volatility and Gold related most of the week.
Per previous;
Lots of width in what we are trading between now and Jan 20, 2017 (and likely at least short-term thereafter) IMO. Should be really active. My focus will be toward morning momentum plays and scalping range in $NUGT $DUST $JNUG $JDST $USLV $DSLV $UWT $DWT $UGAZ $DGAZ $TVIX $UVXY $XIV.
Early in 2017 I will be watching very closely bonds, $USDJPY, markets in general for direction (of course there are hundreds of variables).
Generally speaking I am looking for some volatility between now and late January. My instinct tells me that even if there is some downdraft in the markets that the Trump train will sweep them up in positive momentum at some point.
Metals, energy and financials are three areas I am looking to for 2017 for trading margin – with bio in fourth place on my list. And per previous we’re expecting some action in bonds to the upside a high probability.
As a trader, it is the margin / volatility I am focused toward and getting on the right side of a market / sector turn and scaling in to that.
Per previous;
All algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now (long term since July and short term) so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out first week of January 2017.
Morning Momo / News Bits:
Momo: $FWP, $CLSN, $CWEI, $BVXV, $RNVA, $XGTI, $BLRX
$CLSN up 30% PM
S&P -0.3%.
10-yr +0.19%.
Euro +0.78% vs. dollar.
Crude +1.57% to $53.19.
Gold +1.25% to $1,211.20.
Dollar continues under pressure http://seekingalpha.com/news/3235413-dollar-continues-pressure?source=feed_f … #premarket $UUP $GLD $SLV
Twitter -1.3% after UBS downgrade; GOOG, FB top Internet picks http://seekingalpha.com/news/3235409-twitter-minus-1_3-percent-ubs-downgrade-goog-fb-top-internet-picks?source=feed_f …
BioLineRx initiates mid-stage study of BL-8040/KEYTRUDA combo for pancreatic cancer; shares… http://seekingalpha.com/news/3235402-biolinerx-initiates-mid-stage-study-blminus-8040-keytruda-combo-pancreatic-cancer-shares-11?source=feed_f … #premarket $BLRX
Morgan Stanley beat on earnings and revenue. “Yuge” jump in bond trading sales. Bet on inflation from Trump/Fed? $MS up 1.5% #premarket.
Uranium Energy to launch 6.66M-unit offering http://seekingalpha.com/news/3235406-uranium-energy-launch-6_66m-unit-offering?source=feed_f … #premarket $UEC
Rex Energy Announces Two-Year Financial and Operational Plan and Provides Financial Update $REXX http://bit.ly/2juU9nP
$IPDN http://finance.yahoo.com/news/professional-diversity-network-announces-definitive-130000038.html …
JPMorgan pulls bullish view on Chipotle http://seekingalpha.com/news/3235404-jpmorgan-pulls-bullish-view-chipotle?source=feed_f … #premarket $CMG
GameStop reports strong demand for Nintendo Switch http://seekingalpha.com/news/3235400-gamestop-reports-strong-demand-nintendo-switch?source=feed_f … #premarket $GME $NTDOY
Pound on the rise even as May calls for clean break from EU http://seekingalpha.com/news/3235395-pound-rise-even-may-calls-clean-break-eu?source=twitter_sa_factset … #premarket $FXB $EWU $GBB $EWUS
#Premarket Movers: $NFLX $NEM $MUR $CWEI $RTRX $CBMX $CCCL $HALO $ARDM $JNUG $LUX $NUGT $SBGL $AU $SIL $CPE $KEM $CUK
$XGTI Breaking news: xG Technology, Inc. Pays Off Debt from IMT Acquisition
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$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: $FWP 68%, $CLSN 40%, $CWEI 29%, $BVXV 27%, $RNVA 15%, $XGTI 11%, $BLRX $JNUG $NUGT $NRG $NAK $AU $IAG $SBGL $USLV
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: Losers: I will update before market open or refer to chat room notices.
(3) Other Watch-List: Novagold $NG, $ESEA, $DRYS, $TRCH and $GREK are on my watchlist.
(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, $XIV)
(5) Upgrades:$PKY $PAAS $YUMC $FE $PNW $NFX $CLR $ALB $AXP $TXRH $LAMR $RES $MSM $NFLX $AGIO $DIS $XEC $HCA $ABC $JONE $FN $PKY $SNOW $MIK $BYD as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $JWN $JPM $PPG $PPL $DVN $OMF $EAT $OUT $CMG $CHMA $STNG $LMCA $SPR $COMM $LSTR $SAIA $TWTR $XEC $VSI $TCS as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Article Topics:$FWP, $CLSN, $CWEI, $BVXV, $RNVA, $XGTI, $BLRX, $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F
