Stock Trading Plan for Wednesday Feb 15, 2017 in Compound Trading Chat room. $FNCX, $FIG, $CIDM, $PTX, $GRPN, $UGAZ – $UWT, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session!
Notices:
Trade Results: Click review trade results post market report from yesterday.
Weekend Webinar Videos: The webinars from weekend that explain how our algorithmic chart models work for each of six ($SPY, $DXY, $USOIL, $GOLD, $SILVER, $VIX), our Swing Trading and our Live Trading Room are now posted on our You Tube Channel.
Current Holds / Trading Plan:
All small size – $UWT, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $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:
Most of my outlook is similar to yesterday.
$SPY has been active and continues break-out, $VIX flat and we are watching for spikes, $OIL in multi-week range and near support in premarket – I took a long position in oil related $UWT a few days ago at support and will likely add at support as long as it doesn’t fail support and will close trade at multi-week resistance, $GOLD and $SILVER and struggling with resistance ($SILVER a tad more bull due to industrial tech use of material), $USDJPY $DXY are at support threatening break-outs and natural gas looks like its near an interim bottom.
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $FNCX, $FIG, $CIDM, $PTX, $GRPN
$FIG Fortress Investment Group Up 28% Premarket. https://t.co/lRWpsJbBzd pic.twitter.com/H5tmDQ6CQM
— Melonopoly (@curtmelonopoly) February 15, 2017
Live $FIG trading chart – https://www.tradingview.com/chart/FIG/gPvfg6SW-FIG-Fortress-Investment-Group-Up-28-Premarket/
#earnings $TEVA $GRPN $TMUS $AMAT $CSCO $PEP $TSEM $ON $MGM $FDC $SHOP $ABX $INCY $QSR $MRO $LNCE $WEX $DCIX $TAP https://t.co/lObOE0dgsr pic.twitter.com/QuvZZLvneN
— Earnings Whispers (@eWhispers) February 11, 2017
7
Mortgage Apps
8:30
Consumer #’s
8:30
Retail #’s
Empire State Mfg
9:15
Indus #
10
-Atl Biz #’s
-Biz Inventories
10:30
CRUDE #’s
10:00
Yellen testify before House Financial Services
12:00 PM
Fed’s Rosengren speech
12:45 PM
Fed’s Harker: Economic Outlook
Futures point to muted open http://seekingalpha.com/news/3243490-futures-point-muted-open?source=feed_f … #premarket $SPY $QQQ $DIA $SH
Jack Dorsey buys $7 million of Twitter shares
SodaStream beat on earnings and sales. $SODA up 3.5% #premarket.
$FOSL plunges nearly 20% #premarket on earnings and outlook.
$TRIL to Present New Data from TTI-621 Phase 1 Trial
http://www.marketwired.com/press-release/trillium-therapeutics-to-present-new-data-from-tti-621-phase-1-trial-nasdaq-tril-2196068.htm …
$GRPN now up 15% #premarket.
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our 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: $FNCX 29%, $FIG 28%, $CIDM 15%, $PTX 14%, $ANGI 8% $OPGN $SODA $NVLS $SEDG $GRPN $SEDG $CYTX $ADI $ALKS $OZM $HIMX
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: 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: $NDSN $RH $BBVA $LECO $DCP $CPLA $ACOR $IPGP $AME $CAE $PH $OMF as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $OFC $Q $HOLI $FOSL $SUN $NYLD $AYR $UAA $OHI $UA $VRSK $AVIR $SPH $WMGI 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: $FNCX, $FIG, $CIDM, $PTX, $GRPN, $UGAZ – $UWT, $ONTX, $VRX, $SSH, $ASM, $CBMX, $JUNO, $DUST, $TRCH, $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, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F