Compound Trading Chat Room Stock Trading Plan for Tuesday April 18, 2017; $GNC, $ITXG, $CBLI, $UPZS, $LIGA, $DWT, $DUST, $USOIL, $GDX  — $DWT, $ONTX, $DUST, $XOM, $NE, $ASM, $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:

Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading 

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

The Quarterly Daytrading Performance Review P/L with Charting is Published.

The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.

Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):

Most recent Premarket Chart Set-Up Video:

Most recent Market Open Momentum Stock Trades Video :

Most recent Mid Day Chart Set-Up Review Video:

Current Holds / Trading Plan:

Main watchlist in my trading plan today:

$GNC, $ITXG are the morning momos so far.

$GNC, Premarket, Trading, Plan, Stocks

$GNC Premarket up 20% on earnings.

$SPY (at key support soon), $GLD, $GDX (Gold above 200 MA at test Fib resistance and Miner’s testing 200 MA resistance), $USOIL, $WTIC (in upward channel) BUT has come off key resistance area and is testing extreme lower side of uptrending channel (support)..

OTC on watch $UPZS, $OPMZ $LIGA $MMEX $AMLH $ACOL $BVTK $USRM

$UPZS – Unique (UPZS) Announces $2 Million Dollar Unique Pizza Tap House Franchising Program

Most holds are small to mid size holds in this order according to sizing – $DUST, $DWT, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA

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.

Morning Momentum Stocks / News and Social Bits From Around the Internet:

Morning Momentum Stocks Wacth list: $GNC, $ITXG

$GNC more than 40% of short Float! 25% on #premarket! 

Gap ups: $GNC $PLX $CAB $AUPH $MITK $AU $UNH $GLPG $UVXY $TVIX $DWT

News on these plays: 

Chart Set-Ups: 

Previous Day Momentum Stocks to watch: $CBLI

S&P -0.23%.

10-yr +0.17%.

Euro +0.34% vs. dollar.

Crude -0.74% to $52.26.

Gold -0.42% to $1,286.50.

8:30am
Housing Starts

8:55am
Redbook

9am
Esther George Speaks

9:15am
Industrial Production

JPMorgan Active Treasury Clients Flip to Net Long: BBG

Goldman misses analyst estimates. Didn’t get the same trading bump as JPMorgan, Citi. Shares off 2% premarket. $GS

$LIGA already in negotiations with ALS association to build Stem cell clinics accross the US. http://www.alsa.org/

J&J Q1 Revenue $17.8b, est. $18.0b; EPS $1.83, est. $1.77

EARNINGS: Bank of America Q1 EPS $0.41 vs. $0.35 Est.; Q1 Revs. $22.248B vs. $21.611B Est. • $BAC http://cnb.cx/2oRiR4x

$XOMA Presents Positive Data from PTH1R Monoclonal Antibody Program

$MYOS enters into agreement with Kansas State University to study impact of Fortetropin

U.K. 10-YEAR YIELD DROPS BELOW 1%; FIRST TIME SINCE OCTOBER

APPLE SAID TO PLAN UPGRADED VERSIONS OF TWO CURRENT IPHONES

Michael Kors names new CFO https://seekingalpha.com/news/3257522-michael-kors-names-new-cfo?source=twitter_sa_factset … #premarket $KORS

Cardinal Health buys three businesses from Medtronic for $6.1B; shares down 7% premarket $CAH $MDT

GNC stock surges over 30% premarket after retailer’s earnings beat expectations http://ift.tt/2pd4icB #News #Money #Finance #BreakingNews

$ALDX Last Patient Dosed in Allergic Conjunctivitis Phase 2b Trial

$NFLX tgt raised to $184 at BofA/Merrill

$MATN Announces Encouraging Results from Interim Analysis of Ph 2/3 FOCUS Study in Platinum-resistant Ovarian Cancer

$OMED downgraded to Neutral from Buy at Cantor. PT $6 from $16

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 (@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, lead tech developer @hundalSHS, and associate 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 : $GNC 29%, $MITK 5%, $AUPH $WUBA $PLX $SSYS $CYTK $GBT $SDRL $OHRP $CNAT $DRD $DWT $HMY $DLPG $DGAZ $SCO $AU $BAC  I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List: $CAH $HOG $TSLA $X $XIV $UGAZ $UWT $ARNA $DRYS $WWE $GS $FCX $MT $CBLI  I will update before market open or refer to chat room notices.

(3) Other Watch-List: $CBLI $SCON $STRP $INFI $ALR $TRCH $VSTM $PLUG

(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:  $IAC $SSYS $CORE $CHKP $AFL $SFBS $MCD $FAST as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $CMI $PCAR $AEO $TLYS $DISH 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: $GNC, $ITXG, $CBLI, $UPZS, $LIGA, $DWT, $DUST, $USOIL, $GDX – $$LIGA, DWT, $MGTI, $NE, $XOM, $ONTX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA, – $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


Compound Trading Monday April 17, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $CBLI, $HTGM, $LIGA, $MMEX, $USOIL, $WTIC, $DWT, $GLD, $DUST, $GDX –  $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc …

Intro:

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 DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .

Notices:

Thanks for kind words folks! Adding to page as time allows. GL this wk! https://compoundtrading.com/testimonials/ #community #testimonials #trading #premarket

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

Last market trading session Post Market Stock Trading Results can be found here:

Premarket Trading Plan Watch-list for 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 others in member’s newsletters):

Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters):

Most recent Mid Day Chart Set-Up Review Video (most recent available to public – there may be others in member’s newsletters):

Most Recent Public Swing Trading Simple Charting can be found here: Swing Trading Simple Charts (Public) Apr 16 $SPY, $VIX, $USOIL $WTIC, $GLD, $GDX, $SLV, $DXY, $USDJPY, #GOLD, #SILVER

Premarket Session: 

Premarket momo $CLBI $WPRT $HTGM

$HTGM Premarket on fire with news. +30% Last round was awesome – again?

In play today in chat room and on markets:

Premarket was in $CBLI $WPRT $HTGM and then on the day leader-board included $CBLI, $MOCO, $SCON, $SCON, $WKHS, $ALR and a few others. On OTC side it was $MMEX running mad.

$CLBI, Stock, Trading, Results, Post, Market

$CLBI up 141% Members is the room have a homerun on this today. I missed ha. They held right from open. Nice play.

$MMEX up 78% off the watch list. Held 200 day and boom.

I took a small paper-cut on $CBLI at open, took a small long in $LIGA and added a 2nd position long to $DUST (inverse Gold play – short Gold miner’s actually $GDX) and now I am in 2/5 size $DUST at 1000 shares.

$DUST Gold Miner Bear has some momentum today. $NUGT $JDST $JNUG $GDX

Gold. Add to $DUST today. #Gold

Holding $DWT because of course EPIC the Algo has been rocking the show and not missing a beat.

EPIC the Algo on fire?Hasn’t missed a turn since inception. All documented on http://compountrading.com . $USOIL $WTI $CL_F #OIL#trading #OOTT

$DWT Oil Bear doing well today also. $UWT $USOIL $WTIC $UWTI $DWTIF $UWTIF $USO $UCO

Oil. Hold $DWT no add today. #Oil

And our MEMBERS HIT $CBLI OUT OF THE PARK!!! I say that because I talk to members and they tell me when they enter and exit even if they don’t publish publicly etc and there were some massive wins I MEAN MASSIVE – one win was over 50,000.00 on that one daytrade. They held right from open all the way to the end of the day. I’ve identified five members that are up over 200% so far this year!!! Way outperforming myself at about 50% YTD.

$CLBI up 141% Members is the room have a homerun on this today. I missed ha. They held right from open. Nice play.

Off mic till noon chart set-up review. Not best open w $HTGM, $CBLI, $RPRX, $WPRT etc Took a tiny papercut on long $CBLI and that was it.

How-to Trade Stocks, Lessons and Educational:

@jimcramer Did a wonderful piece last night on stock watchlist $STUDY for equities making new highs. Excellent for new & exp traders alike.

Watch the premarket, the market open and the mid day chart set-up reviews available on video that are in this post above if you are struggling to trade consistently for a profit.

Some days it’s more important to know when not to pull the trigger than it is to know when to pull the trigger. Lots of chop at open today.

Successful trading is a boring, disciplined, intense war against self (inner rebellion). Conquer self – find freedom. Peace. #freedomtraders

Stocks, ETN’s, ETF’s I am holding:

I am holding (in order of sizing – all moderately small size to micro sizing) – $DUST, $DWT, $XIV, $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.

Note-able Momentum Stocks Today (via FinViz):

Ticker Last Change Volume Signal
CBLI 4.80 207.69% 38830129 Top Gainers
MOCO 29.70 37.18% 1167487 Top Gainers
SCON 2.10 25.75% 3935223 Top Gainers
STRP 112.49 22.67% 1701206 Top Gainers
WPRT 1.27 19.81% 3779500 Top Gainers
INFI 2.19 19.02% 3394200 Top Gainers
CBLI 4.80 207.69% 38830129 New High
MOCO 29.70 37.18% 1167487 New High
STRP 112.49 22.67% 1701206 New High
GAIA 11.30 0.00% 212000 New High
STRP 112.49 22.67% 1701206 Overbought
CBLI 4.80 207.69% 38830129 Overbought
CBLI 4.80 207.69% 38830129 Unusual Volume
MOCO 29.70 37.18% 1167487 Unusual Volume
PEX 40.85 0.27% 71900 Unusual Volume
ALR 49.05 15.93% 22722400 Unusual Volume
CIR 61.69 9.89% 308900 Upgrades
LMB 13.62 0.96% 13208 Earnings Before
SRNE 1.88 4.17% 1477455 Insider Buying

Market Outlook:

Selling ahead of tax day is normal. So is a bounce after. We discuss here ….

Algorithm Charting News:

⤵ That tweat cause our $SPY algorithm warned us /members TWO WEEKS before last high we’d not return to high for some time?? @FREEDOMtheAlgo

⤵Epic nailed the top when the world was screaming this. @EPICtheAlgo

I wouldn’t get too excited long $SPY $ES_F $USOIL $WTI etc. until most recent highs are taken out and confirmed.

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:

When I started talking leaning in to oil related short 5 days ago LOT of people, well you know. EPIC the Oil Algo ?? $USOIL $WTI $CL_F #OIL

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

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

NA

Gold $GLD $XAUUSD

$GLD: SPDR Gold Shares Testing Post-2011 Down Trendline (linear scale) $GC_F

Keeping it simple doesn’t hurt??⤵ #Gold $GLD $XAUUSD $GC_F #Commodities

Gold Miner’s $GDX:

For those buying GDX on war concerns. Gold production tends to collapse during wars. Resources diverted to war efforts.

Silver $SLV:

NA

Crude Oil $USOIL $WTI:

#IEA >>More oil on the market than last year, a report finds

HEDGE FUNDS’ ratio of long to short positions in NYMEX WTI rose to 5.4:1 on Apr 11 from 3.6 prior week and recent low of 3.1 on Mar 28

Seasonality. Crude oil. $USOIL $WTI $CL_F #Crude #Oil

U.S. Oil Rig Count Climbs to Highest in Almost Two Years

WTI producers have trimmed their net short position in 2017 (mainly through more long exposure)

Volatility $VIX:

$VIX Market Bottoms ? …. Is A Market Bottom Near? Watch For A VIX Spike Reversal – blog by @hedgopia
$SPY $VIX $VXX

Stat Of The Day>Record $VIX Term Structure Skew: 1Mo/3Mo (VIX/VXV) @ Extreme High;8-Day/1MO (VXST/VIX) @ Extreme Low

$SPY S&P 500 / $SPX:

A number of notable short-term extremes suggest $SPX is near a point of reversal higher.

$NG_F Natural Gas:

NA

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.

NOTICE: I AM SO UPSET because Sartaj and I both forgot to copy the transcript mid day – the stupid platform we are testing requires us to copy and paste it so we have a copy for this everyday. They don’t have an automatic back up. Stupid. Anyway, so we have to literally copy and paste a copy every two hours or it’s gone forever they say. Dumb. The point is we missed most the morning by the time we did it. But of course there is the video above. Ugh.

Sartaj: I know Curt is with me on this one, but if you are in here just to follow trades, you are likely in the wrong room
Sartaj: Welcome, David
Sartaj: I might also add that the Post-Market Report includes a chat transcript, which is disseminated over social media and on the blog (www.compoundtrading.com/blog) everyday after-hours, as well as a full video on our youtube channel of the broadcast day
Sartaj: So you have a couple of options in terms of being able to read when entries and exits were on trades
Curt M: $LIGA http://finance.yahoo.com/news/lig-assets-inc-announces-creation-164349498.html?.tsrc=rss
sspeixc572: The wrong room?!?! The great trade results on your home page is what attracted me in the first place.
Sartaj: You misunderstand me. You can watch the lead trader perform trades, that’s your prerogative, but there are a slew of reasons why we don’t encourage members to just sit there following the alerts. The trade results are meant to highlight the application of the trading discipline being applied here. So yes, while they may be attractive, it’s not an excuse to discard your own sense of risk management, what kind of positions you’d like to take, etc.
Curt M: $LIGA So bullish
Sammy: Taking a long on break-out if it comes here intra
MarketMaven: It is a decent set-up with news and lots of room
sspeixc572: You misunderstand me. At know point have I ever endorsed discarding my own sense of risk management or what kind of positions I’d like to take.
sspeixc572: know = no
Sartaj: And as you can see, part of it is contributing to the discussion – although that is optional, of course. I’m just being upfront with you that you can’t expect the proverbial pump-and-dumping that other chat rooms are privy to. We bring in guest analysts, run chart reviews like the one you just saw, review algorithmic charting as appropriate. We have had a problem with the nature of some of our members’ goals in the past
sspeixc572: Well that sounds good.
lenny: $CBLI super bullilsh too wow
Sartaj: Glad we cleared the air there, then. We are more than happy to help, but the last times we have had people asking about alerts, there was a huge gap in what their expectations were from us. Just FYI, so, didn’t mean to assume there
Curt M: The vol is decent too and Stoch RSI pointing up guys wow
Curt M: Watch the 100% mark
MarketMaven: Running that long on confirmed break of 100%
Curt M: $INFI watch for that Stoch RSI to turn up – very bullish also here
Sartaj: Let me know if you ever need help finding anything, I know it can be a lot of navigate through sometimes: info@compoundtrading.com
MarketMaven: Starting long test position $LIGA for break 10% size
Sammy: Long $LIGA also same format as Maven
Curt M: Things just got bullish it seems
sspeixc572: Bought some LIGA .0074
Curt M: Starting to leg in with you guys on $LIGA small and not alerting until it confirms and I hit it for real
Curt M: It’s gonna go, its just a matter if its today or not
Curt M: Some of the longer term holders may have to rotate out with profits – or not – I guess we’ll see
Flash G: Even though I don’t trade OTC it does say bull
Flash G: MACD is up on daily guys and gals
lenny: $CERU tape action but not my things
lenny: Stoch RSI on 3 min on $LIGA says maybe some down before up and if so I’ll hit my major entry when it hits bottom and curls (if it does today)
Flash G: Opening new long position in $TOL
Flash G: 1/4 size on swing $TOL – add on dips
OILK: Looking for entry on $PLUG for an overnight
OILK: $AAPL car $NEON maybe too CNBC
Sammy: Stoch RSI gonna curl up here on 3 min on $LIGA – may be time to wack it soon here.
Flash G: $SNAP at technical support
Flash G: Curt, your $BA call a while back on swing platform was perfect timing FYI
Flash G: Looks like they’re millkking the sentiment angle well
Flash G: Savvy did you go short?
sspeixc572: In ELED for a quick bounce
Flash G: Curt, ,our $AMZN…. thinking I my lighten 30%. What a fantastic trade,
MarketMaven: Long $CBLI 3000 3.146
Don: $PLUG looks reslly good here
Curt M: Looks to me like Tuesday is the big break-out day. Everything setting up today.
Flash G: Yes, that’s what is most likely.
sspeixc572: My ELED pick doing spectacularly so far
Curt M: Slowest day in a long time for me.
Curt M: Nice work on $ELED
sspeixc572: thanks!
sspeixc572: Will probably sell at/near VWAP
Curt M: VWAP may stop it but hmmm good play for sure
MarketMaven: Yepp
Sammy: $SCON on the move today but not aggressive on the move
Ned: $SCON b/o looks real
MarketMaven: 2:30 need some plays soon or it’s plan for tomorrow $STUDY
Ned: true
Sandra: been a $STUDY all day for me lololol
Flash G: slowest day we’ve had in the room has – have some decent earnings chart set-ups ready tho
Flash G: should be some good swing trading entries this week on earnings
Flash G: $SPY trading sure looks like a confirmation for higher tomorrow IMO
MarketMaven: $LEDS and $SCON high on my watchlist now.
Sammy: $SCON tape is interesting Maven
MarketMaven: I was just going to say ADDING $CLBI
MarketMaven: Power hour may as well give it a whirl
Curt M: Really consistent price action Maven good call on it
OptionSavvy: imo SPY anything less than about 234.50 is a sell
Flash G: $PTI new HOD
Flash G: thought you might like that Len and Maven
OILK: In $PTI
OILK: for a while now
OILK: Wn’t hold it o/n
Curt M: Looking at an add to $DUST
Curt M: Long $DUST 25.19 500 shares add 1/5 for 2/5 size
Curt M: Wow great play on $CLBI you guys wowo!!!
MarketMaven: Finished my third at at 3.50 s – best trade of the month thanks!
Sammy: $CLBI paying bills nice surprise
MarketMaven: All out $CLBI BTW yee f n ha ha nice win
Sammy: same
lenny: Ya great trade for sure and out
sspeixc572: Is $LIGA ever going to make a move before the close?
Curt M: I doubt it
Curt M: Likely a wait and see until tomorrow or Wed IMO – but no crystal ball lol
Curt M: I like it though but ya
Don: Holding 50% $CBLI guys to see if I can get a little more
Don: oh nice its goin
Don: Rolled some of my gains it to $SCON
MarketMaven: Us tooo Don $SCON $LIGA and watching a few others
Sammy: same story here
Flash G: RUnning as a pack has served you guys well for some time.
Curt M: Well…. without giving away any names there’s a group in here if you check back on the transcripts are up well over 200% this year. Not bad I must say. 4x my ROI.
Curt M: I just tweeted it lol
Curt M: you guys deserve some praise i would say – very humble
MarketMaven: Good vibes.
Flash G: Curt, long $NFLX before close:)
Curt M: I don’t do that.
Don: Time to pull shoot on $CBLI KAPOWZA WOWZA out and done.
MarketMaven: Well done:)
Curt M: $WILN Halt
MarketMaven: well thats all folks! Tomorrow!
Flash G: Bye Maven
Flash G: Tomorrow all.
Curt M: Yes, have a great evening.
lenny: Fantastic day!
lenny: $CBLI close is crazy ha
Sammy: yesssss

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Article Topics: $CBLI, $HTGM, $LIGA, $MMEX, $USOIL, $WTIC, $DWT, $GLD, $DUST, $GDX – $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


Compound Trading Chat Room Stock Trading Plan for Monday April 17, 2017;  $WPRT, $CBLI, $HTGM, $CBIO, $SPY, $GLD, $GDX, $DWT, $USOIL, $WTIC — $DWT, $ONTX, $DUST, $XOM, $NE, $ASM, $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:

Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading 

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

The Quarterly Daytrading Performance Review P/L with Charting is Published.

The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.

Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):

Current Holds / Trading Plan:

Main watchlist in my trading plan today:

$WPRT, $CBLI, $HTGM, $CBIO are the morning momos so far.

$SPY (at key support soon), $GLD, $GDX (Gold above 200 MA at test Fib resistance and Miner’s testing 200 MA resistance), $USOIL, $WTIC (in upward channel) BUT has come off key resistance area and is near testing lower side of uptrending channel (support)..

OTC on watch $USRM, $LIGA, $MMEX 

Most holds are small to mid size holds in this order according to sizing – $DWT, $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.

Per recent;

$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.

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.

Morning Momentum Stocks / News and Social Bits From Around the Internet:

Premarket momentum stocks to watch: $WPRT, $CBLI, $HTGM, $CBIO, $MDGS, $SSKN, $BNTC

$HTGM, Premarket, Trading, Plan

$HTGM Premarket on fire with news. Last round was awesome – again

Gap ups:  $MGI $ALR $DGAZ $HTGM $ABBV $AMD $WPRT $MU $XIV $SPY $MOMO $NTNX $AAPL $BABA $AMZN $NFLX $GILD

News on these plays: $HTGM, $CBLI, $WPRT, $URRE. $NSAT

Chart Set-Ups: 

Previous Day Momentum Stocks to watch: 

8:30am
Empire State Mfg Survey

10am
Housing Market Index

$NSAT Norsat announces receipt of unsolicited, non-binding proposal from Privet Fund Management LLC

$SNAP Jefferies sees potential upside to Snap’s Q1 results after survey. Buy rating on Snap with a $30 price target EPS 5/10

$CBLI Receives EMA Positive Opinion Regarding Entolimod Pediatric Investigation Plan

$AAPL Q1, Q2 EPS estimates raised at RBC Capital. PT $157

$WPRT Westport Fuel Systems Reports the Signing of a Definitive Agreement to Sell its APU Assets for $70M

$URRE Entered into Controlled Equity Offering Sales Agreement With Cantor Fitzgerald; May Offer & Sell Up to $30M in Common Stock

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 (@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, lead tech developer @hundalSHS, and associate 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 : $CBLI 31%, $HTGM 25%, $WPRT 25%, $STRP $ALR $MGI $ATNM $CBIO $VNCE $NSAT $PLX $NTNX $DGAZ $SWC $PLUG $HIMX $HBI

 I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List: $INCY $LLY $UVXY $UGAZ $AKTX $NADL $HNR $TSLA   I will update before market open or refer to chat room notices.

(3) Other Watch-List: Per above

(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: $KNX $MCD $SPGI $CIR $VMI $STZ $PGRE as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $SQM $ABIL $KKR $LLY $MNST $KLAC 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: $WPRT, $CBLI, $HTGM, $CBIO – $DWT, $MGTI, $NE, $XOM, $ONTX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA, – $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