Day-trading Archives - Page 30 of 31

Nov 2016

Post Market Tuesday Nov 22 $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

Post Market Report (Trade Results) $SKLN, $UCO, $USF/JPY, $USOIL, $WTI, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 22, 2016. $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

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 (we start sharing videos soon – just one more thing on the to-do list).

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.

Overview Perspective of Chart Room, Trades and Alerts:

Well, today was the first day I slept in since high school… well maybe not quite that far back. I hadn’t reset my alarm for the new time zone (so I lost 2 hours lol). And worse yet, I missed a crazy good open. But we got in to the swing and had a great day.

Primary Lessons That May Help Your Trades:

The $SKLN trade I took later in the day for a snap-back after the wash-out literally has fifty lessons in it. It was about an hour and a half trade that we recorded the audio and video trade room screen share with charting. So we have started to break up the video in to ten to twelve smaller videos detailing all the indicators, psychology and technicals involved in the trade. I am hoping to have these videos ready for Thursday night. Tonight we are working on publishing the algorithm updates – so depending on how long those take will depend on how long the videos take to come out – but they are, if I may say so gold for learning traders… a really, really technical trade with lots of commentary on the minute as the trade progressed.

The other trades on the day were textbook scalps. The one main lesson (because I was on top of the momentum stocks – late, but on top of it once in room) – the main lesson beyond the $SKLN lesson filled trade was the $USOIL $WTI wash-out on OPEC news before pit close – but that lesson also is on (included as a part) of the $SKLN trade because that was happening at the same time in the trading room today.

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

10:09 am Curtis Melonopoly : Forgive me… my alarm on cell phone ws set to Panama time – I am two hours behind this morning! Geesh.
10:12 am susan woo : I’m in LABU swing
10:14 am Mathew Waterfall : Missed out on some good price action in oil
10:15 am Curtis M : ya embarrasing…geesh
10:16 am Curtis M : I’ll take a few mins and get screens done here
10:17 am GSCT . : You’re still in Beta! This is allowed.
10:18 am GSCT . : This is
10:18 am Curtis M : lol
10:19 am Curtis M : grabbing coffee back in 10 for biggest week in my life in market – revenge trading!
10:19 am Mathew Waterfall : Out a chunk of my WLL calls today and likely trimming up NE calls as well
10:19 am Mathew Waterfall : WLL was .30 to .725
10:21 am GSCT . : Gold sliding hard
10:22 am Curtis M : wow
10:22 am Curtis M : Active morning
10:23 am Mathew Waterfall : Im gonna give this market some time to shake out before taking any more trades I think
10:23 am Mathew Waterfall : Need to see what kind of range we’re working with to be able to snipe any plays
10:26 am David Glenn : Morning!
10:30 am Curtis M : Many ranges today to work with
10:30 am Curtis M : scans will be ready in 5 mins
10:42 am Curtis M : $USD/JPY huge deflation issue $GOLD
10:43 am Curtis M : BTW All algo updates out tonight for all 6.
10:44 am Curtis M : Looking for bottom of range in creude for an entry.
10:51 am GSCT . : Holiday week though.
10:51 am GSCT . : Thanksgiving.
10:55 am GSCT . : Markets closing 1pm Friday.
10:57 am GSCT . : The red dotted one?
10:57 am GSCT . : Dashed
10:58 am GSCT . : That’s a busy chart.
11:23 am Mathew Waterfall : Long UWTI 21.3
11:24 am Curtis M : Long $UCO 9.77 200 share tight stop
11:31 am Curtis M : Out $UCO 9.67 loss looking fo re-entry
11:56 am Mathew Waterfall : ouch
11:56 am Mathew Waterfall : sold at 21.04
11:56 am Mathew Waterfall : yikes
11:56 am Mathew Waterfall : that was super weird
12:14 pm Mathew Waterfall : Just a heads up, on this move I got some really weird stuff from UWTI
12:15 pm Mathew Waterfall : Orders not getting filled or delayed
12:15 pm Mathew Waterfall : liquidity seems to be drying up
12:20 pm Sartaj Hundal : We are performing more fault tolerance and load testing today. Currently splitting users into sub-rooms. Broadcasting will not be interrupted.
12:22 pm OIL K K : Watching Oli Close now… this may be bottom for a while $USOIL $WTI
12:30 pm Deb Clarin : Thank you
12:38 pm Dean P : .
12:40 pm David C : OIL LOD approaching
12:51 pm Mathew Waterfall : In UCO 9.6
12:56 pm Curtis Melonopoly : Long $XIV 43.28
01:03 pm Curtis Melonopoly : Sorry 800 shares
01:35 pm Mathew Waterfall : out of uco
01:35 pm Mathew Waterfall : looking for retest on 10/20 on 1′
01:37 pm Mathew Waterfall : Or clear and hold of 200
01:37 pm Curtis Melonopoly : Out $XIV 43.43
01:48 pm Curtis Melonopoly : Long $SKLN 4.77 3000 shares
01:49 pm Mathew Waterfall : oil getting nasty
02:05 pm Curtis Melonopoly : Out $SKLN 4.54 loss
02:11 pm Curtis Melonopoly : $SKLN Long 4.81 2000 shares
02:16 pm GSCT . : SCON similar set up right now
02:21 pm Curtis Melonopoly : $SKLN out 4.90 looking for reenter
02:28 pm Mathew Waterfall : Im all out of my oil position. Don’t want to hold ON
02:30 pm Mathew Waterfall : I have a few in and outs
02:30 pm Mathew Waterfall : UCO originally was 9.6. Just sold when oil was at 48
02:30 pm Mathew Waterfall : Also traded straight /cl contracts
02:31 pm Mathew Waterfall : I trade off of the /cl price more than the price of the other instraments
02:31 pm GSCT . : You were Tweeting in your sleep.
02:33 pm GSCT . : 🙂
02:34 pm GSCT . : LOL
02:40 pm GSCT . : REN what a pop
02:42 pm GSCT . : Oil rocking now
02:46 pm GSCT . : Gold going south
02:47 pm Curtis Melonopoly : LOng $SKLN 2000 4.82 late alert
02:59 pm GSCT . : This is awesome.
02:59 pm GSCT . : 5000 SKLN Long for Curtis
03:00 pm GSCT . : at 5.12
03:05 pm Curtis Melonopoly : OUt $SKLN 5000 5.11 and 2000 5.09
03:08 pm GSCT . : Great play by play though
03:08 pm GSCT . : WIll that be a regular feature of the room?
03:10 pm GSCT . : Will you all be on mic?
03:15 pm GSCT . : High relative volume now SKLN
03:17 pm Mathew Waterfall : Taking some FB calls here Dec 9 126s for the gap fill
03:17 pm Mathew Waterfall : Decent consolidation today
03:18 pm GSCT . : You don’t sound old enough for retirement
03:19 pm Mathew Waterfall : Also reloading FH commons right here for a trip back to the 3s
03:21 pm Mathew Waterfall : Also looking at DUST weeklies for this week and next
03:24 pm Mathew Waterfall : I’m liking the low float bios here as well. In TKAI and ADHD
03:27 pm Mathew Waterfall : Short /ES. Think we see lower before we blast off higher. Nothing crazy but want to be ready for it
03:27 pm Mathew Waterfall : And that’s it for my end of day position dump lol
03:27 pm Mathew Waterfall : Yepp
03:27 pm Mathew Waterfall : likely to take TZA calls as well
03:28 pm Mathew Waterfall : probably cheap weekly lottos
03:29 pm Mathew Waterfall : I think oil can move higher, but these outsized moves in names like X and AKS need to take a breather
03:45 pm GSCT . : What was the tell on the washout? So late?
03:45 pm GSCT . : SKLN
03:55 pm GSCT . : And waht originally caught youtr atention to enter it?
03:55 pm GSCT . : what originally
03:58 pm GSCT . : Thanks.
04:00 pm Curtis Melonopoly : Have a great night! Big morning on deck. Algos tonight come out.

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SKLN, $UCO, $XIV, $USF/JPY, $USOIL, $WTI, OIL

Nov 2016

Stock Trading Results (Green Portfolio Day) Post Market Monday Nov 21 $REN, $XIV, $UCO, $UWTI and more.

Post Market Report (Trade Results) $REN, $UCO, Chat Room, Day-trading, Stock Market, Stocks, Topics: Wall Street, Trading Results, UWTI, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Monday Nov 21, 2016. $REN, $XIV, $UCO, $UWTI and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Monday was a textbook tight trading day with the market showing signs of perculating (which Tuesday morning transpired). So Monday I was tight with my scalps and ran text-book scalp trades in $XIV, $REN and $UCO – went well.

Primary lessons I learned that may help your trades…

Monday actually was tight so there wasn’t any big lessons to learn… Tuesday however is a different story. I have an hour and a half video I am doing from the trading room (in edits now) of a trade I was in on the afternoon wash-out and snap-back on $SKLN that worked out well. Lots of technical details in that trade – look forward to posting the series of videos (about ten shorter length videos breaking up all the indicators and technicals I was working with).

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

09:12 am Curtis M : Premarket Gainers $SPU, $TNDM, $DCIX, $EGLE, $AMCC, $MAGS, $SAEX, $YY, $OCUL, $WB
09:12 am Curtis M : Premarket decliners $TRVN, $PPC, $HALO, $CEMP, $SAFM, $CETV, $CXRX, $TVIX, $CSIQ, $VIIX
09:16 am Curtis M : First day back 18 hours in airport and flights so no premarket newsletter this morning..
09:16 am Curtis M : Watching $GOLD $SILVER $USOIL $NATGAS too
09:17 am Curtis M : Algo work will on all charts released over next 24 hours.
09:22 am Curtis M : DryShips Inc. Announces Agreement With One of Its Lenders http://www.marketwired.com/press-release/-2177368.htm … $DRYS
09:22 am Curtis M : SolarCity shares halted premarket pending additional information request from Nasdaq http://bit.ly/2gBHX4M
09:25 am GSCT . : Can you turn up the volume on your mic?
09:29 am Curtis M : $SPU $EYEG $COOL
09:30 am Curtis M : $USOIL $WTI 47.85 on back test – to confirm algo break-out
09:35 am Curtis M : BREAKING: Sunoco Logistics to acquire Energy Transfer Partners, the company behind the Dakota Access pipeline. $SXL $ETP
09:37 am Curtis M : $RIG $NE $SN Active
09:45 am Curtis M : China lowfloats $CHNR 61%
09:49 am Curtis M : $ORIG $CRC momo
09:49 am Curtis M : Offshore rigs likely run soon
09:50 am Curtis M : Watching 47.80 break-out in oil
09:50 am GSCT . : Great alerts this morning Curtis
09:55 am Curtis M : $AUDUSD proxy Silver
09:56 am Curtis M : $USDJPY proxy $GOLD Miners
09:59 am Curtis M : Scanning – back in a few mins
09:59 am Curtis M : Thanks GSCT!
10:01 am Curtis M : So small cap oil plays I will look at the day after a confirmed break-out over trendline resistance cluster 47.80 on intra FX $USOIL $WTI
10:03 am Curtis M : “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street”
10:07 am Curtis M : Looking for 47.10 – 47.20 entry on $UCO from oil price $USOL $WTI
10:08 am Curtis M : $ORIG $CRC $HK $TK $PBR-A $EVEP $NADL on the move
10:19 am Curtis M : $CRC $ORIG $UC are my main watches… watching $GOLD $GDX $USDJPY and $SILVER $AUDUSD
10:25 am Curtis M : High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY.
10:28 am Curtis M : They’re going to squeeze oil shorts soon over that resistance at 47.80 on FX $USO $WTI – its just a matter of having a plan ready for tt.
10:29 am Mathew Waterfall : Like you I’ve been trying to be patient today. Took a couple stabs long /cl for small gains
10:30 am Mathew Waterfall : Also like CHK here with some calls, and still love WLL though trimmed a few this AM with that gap up
10:35 am susan woo : That JNUG’s going
10:35 am Curtis M : waiting on back test 47.80 patience looking at long $UCO
10:36 am Mathew Waterfall : there we g
10:36 am Mathew Waterfall : o
10:36 am GSCT . : Nice.
10:36 am GSCT . : Jetlag.
10:57 am GSCT . : It can pay 6 mos. in … 3 weeks of a move are you saying?
11:02 am GSCT . : Thank you!
11:16 am Curtis M : Going for morning coffee need 10 mins to regroup and get orders ready for afternoon session
11:21 am GSCT . : Amazing alert on REN.
11:23 am Curtis M : Long $REN 34.05 800 shares small account

$REN Alert to room for snipe trades on Monday Nov 23

$REN Alert to room for snipe trades on Monday Nov 23
11:29 am Mathew Waterfall : Thanks for the alert on that! PLayed in-out twice
11:30 am Mathew Waterfall : Paid for 6 months of your sub at least. I can’t afford not to be in the room lol
11:31 am Curtis M : Nice Mathew! lol good man
11:38 am Curtis M : Long $REN 34.43
11:40 am Curtis M : Out 34.615 $REN
11:56 am Mathew Waterfall : Seeing some call buying in UCO a few weeks out
11:56 am Mathew Waterfall : Decent size bets
12:12 pm Curtis M : Now we’re just wating for time of day on $USOIL $WTI for long positions – we may even get a bit of a wash-out with ol up 5.6% #OIL
12:26 pm Roy Kirk : what time of day are you referring to
12:27 pm Curtis M : Long $UCO 9.97 1000 shares small account in prep for afternoon waiting on $REN bulls
12:35 pm Curtis M : Holding $UCO for EOD and may take a small cap before pt close
12:39 pm Curtis M : FX $USOIL $WTI gets up over 48.38 and it’s rocket ride time
12:47 pm GSCT . : Odds of an intraday pullback oil? Stallking DWTI.
12:49 pm GSCT . : Fibre? My busiding was just hooled up.
12:49 pm GSCT . : building
12:50 pm Mathew Waterfall : Also have SPY on our side here so the overall market to move
12:51 pm GSCT . : hooked. Sorry for typos.
12:53 pm GSCT . : Downdraft unlikely?
12:56 pm GSCT . : I could see ti test the 200
12:56 pm GSCT . : it
01:06 pm Curtis M : Out $UCO 10.01 small win looking for reenter
01:10 pm GSCT . : What a move
01:20 pm Mathew Waterfall : WLL still seeing a ton of flow. Longer term play it looks like but solid so far
01:20 pm susan woo : Curtis, do you know ERF?
01:22 pm GSCT . : Very cool.
01:23 pm susan woo : EEF a great chart
01:24 pm susan woo : ERF I mean. Sorry fat fingers
01:24 pm susan woo : ERF I just played the swings, but missed this latest swing
01:25 pm susan woo : Also kept in mind that insiders bought around 3ish or something like that
01:25 pm Curtis M : ok
01:27 pm susan woo : Your charts look like Kankinsky gone amok:)
01:28 pm susan woo : Kandinsky
01:31 pm susan woo : CHK strong too
01:32 pm GSCT . : /NG feels highly manipulated
01:52 pm Mathew Waterfall : yepp Ive been trading it all day along with REN
01:52 pm Mathew Waterfall : popping right now
01:56 pm Curtis M : Mathew when you take orders in and out post em
01:56 pm Mathew Waterfall : OK
01:56 pm Curtis M : u guys all should
01:57 pm Mathew Waterfall : I’m likely done for the day. Good day and find I push too hard when up but if I take any more I’ll pot
01:57 pm Mathew Waterfall : If anyone wants the options side I can detials those more as well over and above what I already post
01:58 pm Curtis M : yes pls
01:58 pm GSCT . : Would like that Matthew
01:58 pm Curtis M : Mathew… you trade like I did when I was younger – aggressive
01:59 pm Mathew Waterfall : haha that’s a life theme for me
01:59 pm Mathew Waterfall : I
01:59 pm Mathew Waterfall : I’ll post new opening options plays and give a run down of my positons after the bell for anyone interested
01:59 pm Curtis M : thx
01:59 pm Mathew Waterfall : Here I think we actually see some profit taking which is what has me sitting on my hands
02:00 pm Mathew Waterfall : Poor lift on big volume means tons of sellers
02:01 pm Mathew Waterfall : I’ll take a stab at UWTI when the 20 crosses the 50 on the 1′. It will have a tight leashh
02:03 pm Mathew Waterfall : Bearish crosses on 1′ and bigger sell inventory. No trade for now
02:08 pm Curtis M : Low float stocks mving one after another FYI
02:08 pm Curtis M : I’m not in them
02:08 pm Mathew Waterfall : TKAI popping finally lol
02:09 pm Mathew Waterfall : picked that POS up in the .80s
02:10 pm GSCT . : Feels like a drop in oil here
02:10 pm Curtis M : $NSPR $CBMX $PZRX etc
02:10 pm GSCT . : Test 200 for sure
02:10 pm GSCT . : Just a gut feel
02:10 pm GSCT . : And some indicators too
02:11 pm Mathew Waterfall : In UWTI for a bounce
02:12 pm Mathew Waterfall : wrong under that recent low
02:12 pm GSCT . : Maybe drop and pit close pop
02:13 pm Mathew Waterfall : Out flat. Done for the day I think in OIL
02:13 pm GSCT . : 200 feels like it’s made of balsa wood
02:14 pm GSCT . : .75 on DWTI
02:15 pm GSCT . : Did not trrade but monitorred
02:16 pm Mathew Waterfall : Quick run down for those interested. I currently hold calls in: CHK, CLF, NE, PBR, UCO, WLL, XOM
02:16 pm Mathew Waterfall : I hold others but those are the energy related names
02:18 pm Curtis M : thx
02:19 pm GSCT . : I’m going to miss U/DWTI
02:22 pm Curtis M : $BAS large order flow
02:24 pm GSCT . : /CL can not hold
02:25 pm GSCT . : And now it can
02:26 pm GSCT . : There she goes
02:27 pm GSCT . : USO your preferred Oil play?
02:28 pm GSCT . : Tenuous here.
02:38 pm Mathew Waterfall : Maybe I missed it but it looks like BAS went chapter 11 and might get delisted. At least that was the fear
02:48 pm Curtis M : Long $XIV 43.41 800 swing acct
02:57 pm Curtis M : $XIV out 43.63
03:03 pm Mathew Waterfall : Late in day and holiday week. I would expect volume to be a bit light all week
03:07 pm Curtis M : Long $XIV 43.66 800 swing account
03:12 pm Curtis M : Out $XIV 43.75 didn’t get pop I wanted
03:26 pm GSCT . : Would love if you said what you’re looking at as I can’t always have your screen up.
03:26 pm GSCT . : Thanks.
03:26 pm GSCT . : LEt me know if I can help.
03:27 pm GSCT . : I soemtimes just have your audio going as I monitor.
03:27 pm GSCT . : You ahve a great voice for this btw.
03:33 pm Curtis M : ok
03:33 pm Curtis M : will do
03:41 pm GSCT . : Great calls and commentary today Curtis. Thank you.
03:41 pm Curtis M : Thanks for the great day!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $REN, $XIV, $UCO, $UWTI

Nov 2016

Post Market Fri Nov 18 $ANF Wash-Out, $TRCH and more.

Post Market Report (Trade Results) $ANF, $TRCH, Abercrombie, Chat Room, Day-trading, Stock Market, Stocks, Trading Results, Wall Street Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Friday Nov 18, 2016. $ANF Abercrombie wash-out, $TRCH and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Friday was a really mellow day for me. Took two trades, one for a smal intra-day scalp and a swing on the downdraft in Abercrombie $ANF that is at time of writing three market days later going well. A favorite set-up of mine.

Primary lessons I learned that may help your trades…

$TRCH was a momo stock that I took a scalp on that didn’t do much. And Abercrombie $ANF set-up is a simple one that I take over and over again in my swing account – morning wash-out on news with an institutional owned scenario and wham! The shippers I could have played and in hindsight didn’t – that’s the main lesson.

Announcements in Trading Room:

07:50 am Curtis Melonopoly : $DRYS 23%25, $SYUT 23%25, $DCIX 18%25, $OGXI 16%25, $SINO 15%25, $CBMX $ESEA $MRVL $URRE $PIP $FCEL $CRM $SCON $GLBS $ULTI

07:52 am Curtis Melonopoly : Friday Premarket Newsletter Updated https://compoundtrading.com/pre-market-newsletter-wednesday-nov-16-gold-silver-usdjpy-iwm-rwm-faz-usoil-gdx/

07:53 am Curtis Melonopoly : $DRYS 23%25, $SYUT 23%25, $DCIX 18%25, $OGXI 16%25, $SINO 15%25, $CBMX $ESEA $MRVL $URRE $PIP $FCEL $CRM $SCON $GLBS $ULTI

Stock Chatroom Trading Transcript
09:01 am Curtis Melonopoly : Decliners $SYUT 23%, $SMRT 16%, $DCIX 14%, $URRE 12%, $MRVL 11%, $DRYS $PIP $SHIP $FCEL $ESEA $SINO $GLBS $CRM $CBMX $UGAZ
09:02 am Curtis Melonopoly : oops gainers lol
09:03 am Curtis M : Decliners $HIBB, $KTOS, $GOLD, $FSLR, $AMAT, $PAAS, $SSRI, $RYAAY, $MU, $UGLD
09:23 am Curtis M : Watching $NATGAS $SILVER Near algo price target $GOLD Near algo price target $USOIL
09:24 am Curtis M : I think i will stay out of morning momos we will see
09:26 am Curtis M : Gainers: EYEG +28%. SYUT +22%. DCIX +13%. DRYS +13%. SINO +11%. SHIP +9%. MRVL +8%. NUAN +7%. URRE +7%. PIP +8%. CRM +6%. ESEA +5%. GLBS +5%. FCEL +5%.
09:26 am Curtis M : APRI -25%. ANF -12%. SCON -9%. KTOS -8%. RLOG -8%. GPS -8%. NEWM -7%. EMES -5%. VRTV -5%. RGC -6%. ON -4%.
09:28 am Mathew Waterfall : What do you think about the UWTI delisting? Makes trading oil a bit tougher if you don’t do futures
09:29 am Curtis M : morning newsletter
09:29 am Curtis M : lots of ways to trade oil
09:34 am Curtis M : $SGNL halt
09:35 am Curtis M : Hey Mathew as far as oil Ill update before Monday
09:36 am Mathew Waterfall : I was just curious to your thoughts on that. No rush
09:44 am Mathew Waterfall : games games games
09:44 am Curtis M : no prob mathew
09:45 am GSCT . : UWTI delisting? Had not heard.
09:46 am GSCT . : Sounds good.
09:47 am Mathew Waterfall : options contracts get you a ton of leverage anyway. Each contract is $10 per cent move in the /cl price
09:47 am Mathew Waterfall : that sounds right
09:48 am GSCT . : GUSH and DRIP
09:54 am Curtis M : mathew what are you in today
09:55 am Mathew Waterfall : I’m just kind of sitting on my hands. Opened a new position in X with calls. Trimmed a large amount of the FH I picked up yesterday
09:55 am Mathew Waterfall : Watching and waiting on most everything else
09:56 am Mathew Waterfall : May add to XOP and XOM positions
09:56 am Mathew Waterfall : Waiting to see what oil and silver do. I like silver over gold right here as I think it will play catch up if gold heads north
09:56 am Curtis M : inflection everywhere except specific equities
09:58 am Mathew Waterfall : yea. It really seems like people have been buyig just to buy and are now set to take a small breather
09:58 am Mathew Waterfall : Also watching AMD with small pos, PYPL, MU, CLF
09:58 am Mathew Waterfall : those are all longer term swings that I’m alredy in
10:03 am Mathew Waterfall : Ive been saying that all week that the USD would pull back a bit soon lol it’s in crazy mode right now
10:07 am Mathew Waterfall : CRMD getting some chatter to
10:07 am Mathew Waterfall : Some of those low float bios went straight up yesterday
10:08 am Mathew Waterfall : IE CYCC yesterday. crazy
10:28 am Curtis M : long 3000 $ANF swing

Because I am publishing this now… I can post how this is going 3 market days later…

$ANF Swing Trade trading at 15.49 Tuesday Nov 22, 2016 – entered at 14.96 3000 shares last Friday.

10:28 am Curtis M : 14.96 avg

So this $ANF swing is one of my favorite set-ups – give me a morning wash-out on earnings or whatever the reason (the less valid the better – like the recent $HTZ trade we did in the room) that institutional investors own and I’ll scoop the bottom every-time!

10:32 am Curtis M : http://www.nasdaq.com/symbol/anf/institutional-holdings
10:51 am Curtis M : I have an early luncheon here in Panama to prep folks before i Leave for a few weeks so I am going to go do that and be back inside and hour – not a lot happening so may as well set up for afternoon
10:51 am Curtis M : catch ya in less than 1 hr back here
12:01 pm Curtis M : Watching $TRCH and $USDJPY to back off and $NATGAS
12:06 pm Curtis M : $TRCH scaling in 1000 shares at a time here to see if I can get an afternoon pop
12:06 pm Curtis M : $TRCH is in my swing account
12:22 pm Mathew Waterfall : Picked up a couple shares to join ya in the fun. The oil trade was slow so this will due to keep me busy
12:30 pm Mathew Waterfall : oil getting some nice lift
12:33 pm Mathew Waterfall : 1.35 or TRCH and I’m probably out
12:47 pm susan woo : How do gold/silver look to you, Curtis?
12:48 pm Curtis M : gold and silver close to our buy trigger
12:48 pm Curtis M : newsletter kinda explains but ya getting close
12:48 pm susan woo : yeah, tempting:)
12:48 pm Curtis M : the USDJPY move should be almost over IMO
12:48 pm susan woo : Maybe by next week so that they can have the fun of crashing silver/gold Sunday evening first?
12:49 pm Curtis M : Getting really really close we had those buy triggers since end of july so I expect them to hit or get close, we had dxy nailed and the others os well see
12:49 pm Curtis M : ya
12:49 pm susan woo : ok thanks
12:49 pm Curtis M : very close so close the inflection point is near
12:50 pm Curtis M : back in a bit running scans make a few calls to other traders
12:53 pm Curtis M : If I loose ya ill sign back in im moving to pool deck nice day here
01:00 pm Curtis Melonopoly : going back to my desk lol that didn’t work
01:09 pm Curtis Melonopoly : be right back resigning in
01:12 pm Curtis M : so im accumullating a bit more here and going to cut here if it doesn´t hold
01:16 pm Curtis M : tough time in the market… likely no fireworks until monday morning ‘ but well see here shortly if anything good for afternoon
01:23 pm Curtis M : This could be where USDJPY lets out some air…. but…
01:39 pm Curtis M : $TRCH I am selling for tiny gains
01:40 pm Curtis M : Gonna call it a day market gonna be quiet till Monday
01:40 pm Curtis M : Room will stay open till 4
01:40 pm Curtis M : Have a great weekend!!!
01:40 pm Mathew Waterfall : Have a good weekend
01:41 pm Curtis M : thanks Mathew

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $TRCH, $ANF, Abercrombie

Nov 2016

Pre-Market Newsletter Friday Nov 18 ($GOLD, $SILVER, $USD/JPY, $IWM, $RWM, $FAZ, $USOIL, $GDX… more.)

Trading Plan $SCO, $UCO, $USOIL $WTI, Chatroom, Day-trading, DXY, Gold, Pre-Market, Silver, SPY, Stockmarket, Stocks, Trading Plan, VIX, Wall Street, Watchlist Curt Melonopoly

My Stock Trading Plan for Friday November 18, 2016 in Chatroom.

Welcome to the Friday Wall Street trading session!

Algo work – As of this Monday our new equipment will be up and running full steam so I’ve scheduled next week in the room (when market is quiet) for algo work – we’re running the algo updates now for $SPY, $USOIL $WTI, $VIX, $DXY, $GOLD, $SILVER – lots of updates coming for next week!

Firing up $GOLD $SILVER $DXY $SPY $VIX $USOIL $WTI algorithm charts. Updates between now & Mon on blog. https://t.co/gVwyx9OY6Q #inflection

— Curtis Melonopoly (@curtmelonopoly) November 17, 2016

Market Outlook

The world markets in my opinion are at an inflection point. Sure the S&P 500 may go to all time highs and the US Dollar may really rocket and the various indices and international markets such as Japan will all fly high and even the metals will get curb-stomped. All of that I’ve been tweeting for months anyway in advance – so no surprise. The question is how to navigate it, trade the pull-backs and then really PROFIT on the other side of the inflection.

$GOLD and $SILVER are almost at our algorithm’s price targets – so I will be watching these closely. Japan’s stock market is in break-out mode with currency etc. S&P 500 $SPY is in mode to break new all time highs (I called prior to election), $VIX looks like it will be much lower (per our calls), $DXY US Dollar is in break-out mode (our algorithm nailed that with calls that extend back months ago) and $USOIL $WTI is sitting a new up range but not in break out (I am sure it is waiting for meetings to conclude).

I will say that our algorithm calls for Crude Oil, the US Dollar, S&P 500, Gold and Silver all took significant heat at the time they were made over the last few months. Interesting times – but our algorithms were right in every scenario – so that’s very positive, as such we’re releasing the initial charting of the algorithms over the next week.

On the small cap equity side…. shippers have run their course it seems and China low float issues got jiggy yesterday as I expected they would. This play book isn’t new. Low float oil could be next.

On the ETF / ETN side $UWTI $DWTI will be de-listed soon… so I will be looking to other instruments to trade crude oil. More to come on that soon.

So my plan in general is to watch for pull-backs and turns as the inflection points hit outside ranges. More detail below.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners Watch-List: $HIBB, $KTOS, $GOLD, $FSLR, $AMAT, $PAAS, $SSRI, $RYAAY, $MU, $UGLD – I Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $SYUT 23%, $SMRT 16%, $DCIX 14%, $URRE 12%, $MRVL 11%, $DRYS $PIP $SHIP $FCEL $ESEA $SINO $GLBS $CRM $CBMX $UGAZ – I Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Indices: $IWM $RWM $TZA S&P 500 $SPY ATH, International: Japan Stocks $DBJP, Currencies: $DXY $UUP Break-out $USD/$JPY $FXY, Financials: $FAZ Inflection Point?

Other Watch-List(s):

Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500: $SPY ($SPXL, $SPXS)

My bias is still to all time highs, I will be looking for long positions on pull-backs. I see a run in Gold, miners and Silver soon then a pull back and then a big run.

Volatility: $VIX ($TVIX, $UVXY, $XIV)

I expect volatility at market inflection points and then continue to get crushed and I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

$VIX Is an all time low possible? pic.twitter.com/SS8fJOAi5x

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$VIX Diagonal trendline breached 151 AM Nov 18, 2016 pic.twitter.com/uClvvqXfNT

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Currencies Etc: $DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $USD/JPY, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar continues its rally so I’m looking at $UUP on pull-backs. Also looking at how the $USD/JPY relates to possible long in Japan with $DBJP.

FX USDY/JPY Simple lines pic.twitter.com/Lohr7Qgxrk

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$DXY US Dollar in break out. Things could get interesting if it continues. pic.twitter.com/OOxIOau01z

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

I am also watching the Peso and Trump’s messaging… also watching $FXY and $USD/$JPY for clues with Gold and Miner’s.

Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

For me Gold and Silver is going to be the big story soon. It should start to get some lift if only for a short time and that process may go on for a while – so I will snipe as that occurs. I have started to chew around the edges with tight trades but nothing yet. The idea is to get on the winning side of the reverse when it occurs. Watching $USD/$JPY close and $DXY and $FXY for clues on Gold and miners movements.

$GOLD Almost there. $GLD $NUGT and select small caps on deck soon. #patience #stocks #daytrading pic.twitter.com/uEjPLkwn2J

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$GOLD 530 AM EST Nov 18, 2016

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver: $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver – here again I will chew around the edges sniping until the reverse trend occurs.

$SILVER. Almost there. $USLV and various small cap names will be my friends soon. pic.twitter.com/wa0CdL7sKw

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$SILVER 548 AM November 18, 2016

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI $GUSH $ERX, $DWTI, $DRIP, $ERY, $USO, $UCO, $UCO, $SCO, $CL_F)

First things first, $UWTI $DWTI are being de-listed (on Dec 9 I think?), anyway, that will cause me to choose a new instrument. I liked the idea of the 3x leveraged – I have a sneaking suspicion someone else will fill the void in short order anyway – but in meantime I’ll find other instruments. I really think the big story soon is going to be Gold and Silver anyway – so my bias is turning in that direction for daytrades anyway – but I’ll always trade oil.

In the short term we do have to be ready for rumors or even real news out of the oil meetings so I’m ready for that.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Natural Gas: ($UGAZ, $DGAZ)

Natural gas… I’m not comfortable with at this time… I want a trade with at least 4 to 1 probability.. at least thats the plan – and with natural gas it seems hard to get better than 50 50 – but we’ll see.

$NATGAS I continue to watch but no play. pic.twitter.com/fOKTRVkEQC

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Other Sectors, Indices, International Etc:

Watching $RWM Russell 2000 Short

$RWM On watch for a snap back. Russell 2000 Short pic.twitter.com/H0Mg6RVEdE

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching $SPY Long to All Time Highs

$SPY In addition to my $DXY $GOLD $SILVER call heat. .. took a lot of heat pre election on my $SPY ATH calls… algos be hitting em🔥. pic.twitter.com/JYmdkauYxw

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching Japan Stocks $DPJP

$DBJP Japan Hedged Equity ETF Simple Lines pic.twitter.com/yp2N9SOpjn

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching Aluminum Long $FOIL

Study:

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (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

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

Nov 2016

Review of my Chat Room Stock Day Trades / Alerts for Thursday Nov 17, 2016. Low Float Shippers China, $SCON $BNSO, $DHRM, $ISNS, $UWTI, OIL, and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Today for me was a scalping day… worked moderately well. With a goal of 1% minimum per day (preferably 3%) I’m easily on track since the beta start of our trading room a couple weeks back (1% per day 10k to 1.14MM in 26 mos compounded).

Primary lessons I learned that may help your trades…

Today wasn’t exciting… it was a process of me chewing around the edges of crude trades with $UWTI (which by the way is being delisted soon – see premarket report coming up). I was likely up 1% or better – haven’t had the time to see yet.

The reason I chew around the edges is that I am looking for a break-out entry scalping with my small account looking to build it at 1% a day compound and if a break-out occurs then I start hammering down with my larger swing account on every pull-back. Pretty simple strategy that works well. With oil, the break-out I’m looking for is due to not only the current OPEC meetings but also in the charting.

But soon, very soon we’re looking at Gold and Silver because the are getting really close to our algorithm’s projected lows. So I will start chewing around the edges of $GOLD $SILVER and miners $GDX. Right now $DXY is in break-out mode so I may trade $UUP on pull-backs for a bit (however we see it trailing off soon) – it’s an inflection point in markets – so it is about being cautious during inflection prior to next trends. Japan is also in break-out so I may start chewing around edges of $DBJP also and of course the S & P 500 $XIV same thing. $VIX is getting stomped as expected but inflection will come there too.

What I did miss was the shippers (was all over them before they started but elected not to play) and China low float stocks have started (was also all over that ahead of curve and I’m thinking on it) and semi conductors I didn’t play.

Stock Chatroom Trading Transcript

08:54 am Curtis M : Premarket Top % Gainers: $SINO 76%, $RLOG 70%, $GSL 36%, $DCIX 27%, $ESEA 27%, $TOPS, $NM $GLBS $IMNP $NMM $SB $SHIP $NTAP $PLUG $BBY $EGLE
08:55 am Curtis M : Upgrades $MSFT $NOA $RRC $TCK $KBR $FSLR $QVCA $T $MUSA $NTAP
09:05 am Curtis M : No morning newsletter… same as yesterday with premarket gainers and upgrades listed here.
09:20 am Curtis M : $RLOG 113%, $GSL 105%, $SINO 99%, $PSID 36%, $DCIX 29%, $NMM 28%, $NWBO $TOPS $WNR $NM $SB $ANW $GLBS $NTAP $HAIN
09:23 am Curtis M : “Risk control is the most important thing in trading.”
09:24 am GSCT . : /CL surge here
09:26 am Curtis M : Morning … back in a minute for open
09:32 am GSCT . : DRYS offering
09:49 am mathew w : Getting out of my ON UWTI position
09:49 am mathew w : Huge moves all over the board
09:52 am Curtis M : Looking for $UWTI long as oil settles through morning, oil companies starting to squeeze so Im running scans, expected entry long $UWTI at arrow gives me 46.20 – 47.28 width on crude for 3-6% in $UWTI potential
09:53 am GSCT . : Thanks for the detailed strategy
09:58 am Curtis M : RUnning screeners on oil companies and waiting for $UWTI entry on oil price target
10:00 am mathew w : WLL and NE working nicely here
10:00 am Curtis M : For those wondering why I will stalk an oil trade for hours …. https://compoundtrading.com/100000-turns-1-million-24-mths-1-per-day-compound-stock-trading/
10:00 am mathew w : Looking and JONE and EPE
10:04 am mathew w : LE? No NE. Noble energy
10:04 am mathew w : I’m in these calls from friday
10:04 am mathew w : haha close. Cows. Oil. whatever
10:13 am GSCT . : U or DWTI?
10:27 am Curtis M : http://finance.yahoo.com/news/janet-yellen-testifies-on-capitol-hill-150717531.html
10:53 am Curtis M : https://twitter.com/curtmelonopoly/status/799278889566662656 finally got some sun after 4 days of rain
10:57 am Curtis M : Long $UWTI 19.60 800 shares small account – may have to sit through some pain… a little early but ya
11:13 am Curtis M : Out for now at 19.70 looking to renter $UWTI
11:22 am Curtis M : Lomg $UWTI 19.535 small account 1000 shares
11:24 am Curtis M : Out $UWTI flat
11:25 am Curtis M : chewing around edges trying to get lift
11:49 am Curtis M : Long $UWTI small account 1000 share 19.536
11:59 am Curtis M : OUt $UWTI 19.74
12:00 pm Curtis M : ugh
12:02 pm Mathew Waterfall : Nice Kill Curtis. Well done
12:03 pm Curtis M : thanks
12:06 pm Curtis M : So going to get ready for EOD oil squeezes catcha in a few
12:06 pm Mathew Waterfall : AMD and MU going crazy today if you’re looking for other momo plays
12:06 pm Curtis M : thanks
12:07 pm Mathew Waterfall : Repeated calls being bought in size in both this AM
12:07 pm Mathew Waterfall : Might be a little tired but still seeing flows coming across
12:09 pm Curtis M : ok thanks
12:10 pm Curtis M : going to be out of hotel for 20 mins
12:10 pm Curtis M : if it says im out of room or whatver no prob cya in 20
12:11 pm Curtis M : specifically im mainly looking at oil squueze small caps but will look at anything EOD
12:56 pm Mathew Waterfall : invernse h&s on /cl 1′ chart
01:20 pm Curtis M : $DHRM china loa float
01:21 pm Curtis M : Yup theyre gonna run the Chinas now for a while lol
01:27 pm Curtis M : $SCON $BNSO, $DHRM then likely $ISNS
01:32 pm Mathew Waterfall : In and out of /cl and UWTI for small wins. That price action is agrivating.
01:40 pm Mathew Waterfall : Back in FH for a swing trade. Hit this for a win about a month ago. Back on the radar today so hoping to get back into the 3s shortly
01:42 pm Curtis M : crude has snipers in there till bots get it and go
01:45 pm Curtis M : Watching $BNSO $NFEC $ DHRM $ISNS and other China low float mania
01:51 pm Curtis M : Long $UWTI 19.26 1000 shares small acct
01:51 pm Mathew Waterfall : Im short FYI
01:51 pm Mathew Waterfall : once it broke .21 I went short
01:52 pm Mathew Waterfall : I was wrong on that one lol. Quick out
01:57 pm Curtis M : $UWTI small win beers and hotdogs
01:57 pm Curtis M : $CCCL
01:57 pm Mathew Waterfall : I’m back short. This is going lower with the $DXY strength
01:58 pm GSCT . : When you talk about a ticker can you please say its name as I can’t always have your screen up and also can you make the ticker symbol more readable on your chart as it’s very hard to discern.
02:00 pm GSCT . : I mean the symbol name in light grey. Please make it more white.
02:01 pm Mathew Waterfall : The dollar moves make me very nervous right here RE oil
02:05 pm Mathew Waterfall : Im playing against last weeks high here
02:05 pm Mathew Waterfall : might go long /cl
02:08 pm Mathew Waterfall : long and wrong new LOD
02:13 pm Curtis M : Long $UWTI 1000 shares small account 19.05
02:19 pm Curtis M : $UWTI 18.88 loss 1000 shares
02:22 pm Mathew Waterfall : Damn that price action is all over the place
02:22 pm Mathew Waterfall : I was trying to get out of my /cl contracts and it was jumping so bad I lost $$$ trying to chase it down
02:24 pm Curtis M : Long $UWTI 18.93 1000 shares small acct
02:25 pm Curtis M : out flat $UWTI no mojo
02:27 pm Curtis M : Long $UWTI 19.06 1000 shares small act
02:29 pm Mathew Waterfall : Dude tough day for sure. I have 8 round trips in UWTI in one account and have probably half as many round trips for /cl contracts
02:29 pm Mathew Waterfall : Broker making as much as I am today
02:30 pm Curtis M : Out $UWTI 19.07 flat
02:30 pm Curtis M : 3 w 1 L 1 F choppy cant get a trend easily
02:35 pm Mathew Waterfall : Might hit silver shortly for a swing. USLV looks appealing
02:52 pm Curtis M : looks like a lot of gold and silver trading coming up soon here
02:54 pm Curtis M : $DXY should back off… $GOLD and $SILVER gonna run… until then low float mania? And remember what happened last year same time…
03:02 pm Mathew Waterfall : I’m still in TKAI for a low float pick lol. Things kind of a turd but I bought low enough it doesnt matter
03:15 pm Curtis M : Gonna call it a night guys. Were going to try and get all algo charts for all 6 up by Monday. Looks like Gold and Silver are near so lotsa work to do.
03:15 pm Curtis M : Room will stay open till 4 see ya n morning
03:18 pm GSCT . : Thanks CM

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, Low Float Stocks, Shippers, China, $UWTI, OIL, $SCON $BNSO, $DHRM, $ISNS, $GOLD, $SILVER, $DXY

Nov 2016

My Stock Trading Plan for Wednesday November 16, 2016 in Chatroom.

Welcome to the Wednesday Wall Street trading session!

Algo work – As of this Monday our new equipment will be up and running full steam so I’ve scheduled next week in the room (when market is quiet) for algo work – I was going to start this week, and did a tad… but quickly realized all the machines need to be tied in for that.

Market Outlook – So yesterday the market inflection point started and continued over night and so the next few days will be interesting – there are battles in every corner… we’ll see. So I’ve started to chew around the edges of the inflection with instruments like $GDX but nothing is where you can really bite down on and go with yet. Obviously there’s anomolies like the shippers of late – but that’s intra anomoly plays I’m not really interested in but won’t disregard – and I know they’re all buying Lamborghinis today… I know. Oh and oil got up over important resistance during trade yesterday but lost it overnight so I’m looking for the 200 day on the 1 hour as possible long entry.

Rate Hike?

Things that make you go hmmm…

Baltic Dry. Reminds me of last year and the shippers and the USD and then Jan… right… January that was fun. pic.twitter.com/UXWr7HPDnq

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners Watch-List: $LOW Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $SINO $OPTT $CRDS $CLLS $TOUR $SHIP $LPL $ESEA $TOPS $GOGL $NTNX $TGT $DCIX $YRD $SDRL Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Inflection points with currencies $USD/$JPY $FXY, Financials $FAZ, Indices $IWM $RWM $TZA and more. Volatility $TVIX $UVXY

Other Watch-List(s): Shippers: $DRYS $EGLE $SHIP $SINO $TOPS $GNRT Oil: $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY Financials: $FAZ

Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500 $SPY ($SPXL, $SPXS)

My bias is still to all time highs – although it has struggled some and with this inflection point – it’s a wait and see – we may see a pullback here first. The US Dollar is going to cause issues IMO as will other global market / credit / bond and small cap issues and more over the horizon. In that, I see a run in Gold and Silver soon then a pull back and then a big run.

My trading plan with $SPY: I expect volatility could get some lift here at market inflection and then get crushed and I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

Volatility $VIX ($TVIX, $UVXY, $XIV)

I am still expecting it to get crushed – but it will likely get some lift here with the market inflection and short term pull back I’m seeing short term in indices etc.

My trading plan for $VIX is obviously $TVIX $UVXY $XIV day trade snipes.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $USD/JPY, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar continues its rally at time of writing. I expect it to continue in its symmetry relative to last year before Christmas also. Anyway, my Twitter feed had me posting this run since early July. It should at least take a breather here. It is .2 cents off my price target.

May call from October 12, 2016 – Price Target Hit

$DXY US Dollar Index looks nasty – last time it had the 9 20 50 100 under it we seen 100.50 #justsaying pic.twitter.com/01WOx6mdWD

— Curtis Melonopoly (@curtmelonopoly) October 11, 2016

Aug 3, 2016 I was tell the $DXY bulls they were going to have a good Christmas (our algo was launched in – house at that point and was hitting like mad – I was being a little cheeky).

My socially awkward call on the $DXY US Dollare back Aug 3 – I was just telling the US Dollar bulls it would be a good Christmas. https://t.co/AehSESFa3l

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

US Dollar Index. We were here last year near this time. Will it rip right through that ceiling or ? pic.twitter.com/hzw4PqpEve

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

I am also watching the Peso and Trump’s messaging… also watching $FXY and $USD/$JPY for clues with Gold and Miner’s.

$USD/JPY

USD/JPY why… be better if it let off the throttle a bit pic.twitter.com/97g1HXoONY

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

$FXY

$FXY – I may wait for closer to that yellow line for $GDX and $NUGT etc #GOLD pic.twitter.com/tZxhNhT1HR

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

$TZA could get a bounce.

$TZA 3x Small Cap Bear – since election perspective. Will it the bear get up off the floor? When it does, it may just hurt. pic.twitter.com/JhBQ7ijTfc

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

My trading plan with $DXY is that I’m sitting tight. WHEN IT DOES reach it’s full symmetrical extension I will look at plays for the downside. If $USD/$JPY comes off some I may look at Miner’s and I’m expecting Russell 2000 to come off a bit – BUT YOU NEVER KNOW.

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

My plan with Gold and the miners remains the same – patience. I have started to chew around the edges with tight trades but nothing yet. Watching $USD/$JPY close and $DXY and $FXY for clues on Gold and miners movements.

Gold. Patience for the one floor down buy. pic.twitter.com/juTYkYXfKc

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver… I did try and take a $USLV trade on Monday as a tester but stopped out so I’ll continue to watch.

Silver. Looking like I will get my 16.25 wish. pic.twitter.com/Dctulr3Fvp

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

4:33 AM Update: EPIC the OIL Algo Blog Post Published.

If you are trading oil in the room be sure to always check EPIC the Oil Algo Twitter Feed for updates and recent reports etc.

Oil got up over resistance yesterday and lost it overnight (that thick blue line) – so I am hoping for the 200 day on the 1 Hour as a long entry.

In summary your trading ranges are as follows (as of 721 AM Nov 16, 2016):

Diagonal intra trend lines: Overhead Resistance 45.54. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance – Many. Support – Many but one of note at 44.56. Refer to chart. (purple lines).

Moving average: Support at 200 MA on the 1 HR. Intra is at 44.51 (this will change intra)

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

My plan trading oil is to take a long position in $UWTI at the 200 day on the 1 hour (pink line on chart) in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift then I will consider entering in size long with my large swing account.

So it seems to me that if that downdraft continues… that 200 on the 1 hour is a juicy place to hammer down long. #justsaying https://t.co/Ka63DS4Csu

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Wowza

May be best not to long crude right now. https://t.co/E1sAsllfH8

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Other:

Natural Gas ($UGAZ, $DGAZ)

Natural Gas A long here risky IMO 290 even 300 with some follow thru would be better. pic.twitter.com/LqaXTPktVL

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Thinking the air is getting a little thin up here for $IWM

$IWM Starting to wonder about what the elevator down may look like. pic.twitter.com/YO3rh89XDE

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Watching $RWM Russell 200 Short

$RWM Got my alarms set – let's see what it brings. @VikingKing6 pic.twitter.com/hLvsuEpips

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Thinking Aluminum for some reason

$FOIL pic.twitter.com/KH8qAZ1VXf

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

$JJU pic.twitter.com/R6tFZh3BvK

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

Study:

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/

"First rule is not to lose money. Losing an opportunity is minor in comparison."https://t.co/gVwyx9xmIg #daytrading #wallstreet #stocks

— Curtis Melonopoly (@curtmelonopoly) November 16, 2016

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

Nov 2016

Post Market Tues Nov 15 $TWLO, #OIL, $UWTI, $GDX and more.

Post Market Report (Trade Results) $DRYS, $DSX, $GDX, $SHIP, $TLT, $TWLO, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, USD/JPY, UWTI, Wall Street Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 15, 2016 $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Primary lessons I learned that may help your trades…

When EPIC the Oil Algo says something I’m still challenged to listen (it’s just math but wow accurate). Most recently I’m referring to the posts on EPIC’s feed last Thursday cancelling targets because the change in trend. The mistake I made was giving too much credence to the upward resistance points on the traditional charting. In other words, had I just taken an entry at the lower range of oil trade when EPIC had signalled the time / price cycle change was at hand and held that position I would now be up big. But I didn’t, I’ve been scalping #OIL using $UWTI between support and resistance – and of course doing that makes it almost impossible to gain what you would have if only you traded the range from the bottom support and held. I am still up – but not anything like I would be. NOW, to be clear, when EPIC publishes the new alpha algo targets soon I have become comfortable trading those… so my hold at support areas in a range becomes more assertive. So even I am learning how to use EPIC’s math as an edge – and trusting that math – but it has been spot on so I’m getting there.
$TWLO – for me this was a swing account (my larger account) trade and normally I’ll hammer down when I have a conviction on a trade and not snipe but swing. But when I entered $TWLO trade today I didn’t like the price action and cut early… it did come off after that exit so that part was done right as a scalp and it was a win but after hours it trended from approx. 34.65 to 35.65 range. So what’s the lesson? My thesis was correct and it was a swing so allowing short frame trading affect that conviction on a swing is simply nonsense.

$TWLO Trending After Market Hours

Trading Chat Room Transcript

08:44 am Curtis Melonopoly : Morning!
08:44 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-tuesday-nov-15-usoil-wti-dxy-vix-gld-gold-slv-silver-spy/
08:45 am Curtis Melonopoly : That was morning trading plan.
08:45 am Curtis Melonopoly : Here is EPIC the Oil Algo Update – must read so you know what’s happening in here today. https://compoundtrading.com/oil-trading-chart-update-nov-15-crude-oil-fx-usoil-wti-uwti-dwti-uso-uco-cl_f/
08:50 am Curtis Melonopoly : Top % Gainers: $SHIP 34%, $TOPS 26%, $DRYS 22%, $ESEA 22%, $SINO 14%, $RPRX $AAP $NOG $NM $VKTX $JD $UWTI $PWE $CTRV $MTL $UGAZ
09:20 am Curtis Melonopoly : Gainers: SHIP +40%. TOPS +35%. DRYS +24%. ESEA +21%. SAEX +13%. NMM +15%. AAP +14%. RPRX +12%. SINO +12%. ORIG +9%. JD +8%. NM +8%. GNK +8%. OCUL +6%. SALT +6%.
09:20 am Curtis Melonopoly : Losers: SYN -35%. BETR -21%. TSRO -10%. SSYS -10%. CRBP -6%. RIO -6%. NOK -6%. DKS -6%. BBL -5%.
09:23 am Curtis Melonopoly : http://finance.yahoo.com/news/analysts-actions-anthem-fortinet-harley-130800133.html
09:29 am GSCT . : COuld be a tad louder
09:34 am Curtis Melonopoly : Long $UWTI Small account 800 share 18.47 risky in first 30 mins
09:39 am Curtis Melonopoly : Out small gain 18.525 reentering soon

Win #1 for hotdogs and beers .25% +-
09:55 am Curtis Melonopoly : Back in 10 while oil consolidates
09:58 am Curtis Melonopoly : 18.745 Long $UWTI 800 Share small account will hammer down with swing account if continues to confirm
10:01 am Curtis Melonopoly : Running scans – back in a bit
10:16 am Curtis Melonopoly : $UWTI out 18.958 800 share small acct win – will re enter

Win #2 for 1.2% +-
10:22 am Curtis Melonopoly : Running scans
10:33 am Curtis M : If you learn anything here let the Twitter land peeps know plz thx
10:34 am Curtis M : buy order ready on $UWTI
10:52 am Curtis Melonopoly : back in 10
10:58 am Curtis M : 18.649 800 share uwti small account
11:03 am Curtis Melonopoly : You guys have been separated in to two rooms again – Sartaj will connect the two rooms soon lol
11:08 am Curtis M : We have sme coding issues… 3 rooms split you guys are staying with me for today ‘ fixed tonight
11:18 am Curtis M : Out $UWtI 18.77 800 shares

Win #3 for .7% +-

11:29 am Mathew Waterfall : Got in NE calls and CHK common right after the bell yesterday. Small cap oil should be just getting started
11:30 am Mathew Waterfall : Don’t forget about /CL contract roll coming up though. That messes with futures pricing something fierce
11:33 am Curtis M : Thanks Mathew forgot
11:34 am Curtis M : going for an Americano b 20 to 30 mins
11:35 am Curtis M : Sartaj just messaged and said he may have split rooms up over lunch or at latest in morning
11:35 am Curtis M : back in 20
11:51 am Curtis M : ok back scanning for afternoon
11:51 am Curtis M : Sartaj says splinter groups in other rooms likely not back till tomorrow when fixed
11:52 am Curtis M : Crude failed at res
11:53 am Mathew Waterfall : What about $DSX?
11:54 am Curtis M : Looking at $SHIP close
11:54 am Curtis M : Ill check DSX
11:55 am Mathew Waterfall : Good price action there. I’m in some calls from the open and working nicely. Just saw a huge buy come across as well
12:14 pm Mathew Waterfall : I wish I would have bought more lol. Always a regret
12:16 pm Curtis M : 45.60 heavy resistance on $USOIL FYI
12:16 pm Mathew Waterfall : I will only play through options. They move too fast to have an undefined risk
12:17 pm Mathew Waterfall : They gap so hard that even equities can leave you out if you’re on the wrong side
12:33 pm Curtis M : running scans for a bit
12:34 pm Curtis M : Is $DSX on your screen
12:34 pm Curtis M : in the room
12:38 pm Curtis M : runnung scans…. $DSX looks decent still
01:00 pm Curtis M : $USOIL $WTI coming up to resistance, $DXY coming to resistance, $SPY coming to top of recent range, $VIX at bottom of recent range
01:05 pm Curtis M : Looking at $GDX
01:09 pm Curtis M : Long $GDX tight leash 800 shares small account
01:09 pm GSCT . : /CL feels toppy. Do you see a reversal of trend intraday here?
01:09 pm Curtis M : GSCT did you read EPICS blog post or twitter
01:10 pm Curtis M : YEs heavy resistance
01:12 pm GSCT . : Yes.
01:12 pm Curtis M : 800 21.89 GDX small account+
01:12 pm Curtis M : Awesome lo thanks GSCT
01:12 pm Curtis M : Not trying to be cheeky just got my hands full
01:13 pm GSCT . : No worries.
01:13 pm GSCT . : Not at all.
01:14 pm GSCT . : I need to honor the trend more anyway in my trading.
01:20 pm Curtis M : what a great guy thanks
01:24 pm Mathew Waterfall : You said DWTI. So you think we reject at the next resistance point and head lower in OIL?
01:26 pm Mathew Waterfall : Thanks. Sometimes things actually work as expected lol
01:30 pm Curtis M : $DSX so clean
01:37 pm Curtis M : battleground for me here with $TLT and $USDJPY and a few other things for $GDX likely early
01:51 pm Curtis M : Small loss $GDX out 21.84

Loss #1 .25%
01:55 pm Curtis M : running scans for EOD momentum play
01:55 pm Curtis M : The $GDX $TLT Currency correlation is powerful… there´s a number of indicators ‘ but those three are tied … the turn isnt ready yet but its coming… maybe tonight…
02:02 pm Curtis M : Watching $TWLO squeeze
02:03 pm Curtis M : Swing acct 2000 shares long
02:04 pm Curtis M : $TWLO
02:07 pm GSCT . : Are those car horns there in Panama?
02:07 pm GSCT . : Scooters it sounds like.
02:09 pm GSCT . : Traffic sounds agressive there.
02:12 pm GSCT . : Hilarious.
02:13 pm Mathew Waterfall : /ES HODing
02:17 pm GSCT . : /CL poppimg
02:17 pm GSCT . : popping
02:18 pm Mathew Waterfall : Front ran that yesterday so that’s what IM hoping fo
02:18 pm Mathew Waterfall : small cap oil squeeze
02:20 pm GSCT . : I assume you have price targes or percentage goals for swings as well?
02:21 pm Mathew Waterfall : WLL Dec 10c @.25
02:22 pm Mathew Waterfall : Followed a sweeper through on those as confirmation
02:22 pm Mathew Waterfall : Loading up on small cap oil
02:22 pm Mathew Waterfall : WLL, NE, CHK, PBR
02:22 pm Mathew Waterfall : JONE, EPE, SGY on watch close
02:32 pm Mathew Waterfall : First list I’m in, second list will go on oil expansion
02:37 pm Curtis M : $TWLO out 2000 shares 34.40 with 34.26 avg buy

Win # 4 .45% +-
02:41 pm Curtis M : Ugh $GDX I knew it lol fark
02:49 pm Curtis M : LOL not sure what happened but all our equip is set up this MOnday… and there´s a ton of subscribers we re allowing in next week … we ve limited how many till gear is set up Monday… so a few more days of yup that
02:49 pm Curtis M : oil looks good fyi
02:50 pm Curtis M : pit is closed and oil doing what it is doing is good
03:05 pm Curtis M : Curious what $DRYS does after halt here
03:18 pm Curtis M : Wow last hour of the day used to be best hour…. pretty calm out there…
03:18 pm Mathew Waterfall : Shippers looking like they are breaking down. To watch
03:19 pm Curtis M : Shippers should be done soon IMO
03:19 pm Robert Norman : Amazing up move from Crude Oil today. Oo
03:20 pm Curtis M : Crude gonna rip some faces off cause meetings on deck…. could be very interesting
03:26 pm Robert Norman : Any clue what API is going to show?
03:27 pm Mathew Waterfall : Done for the day, see yall tomorrow
03:29 pm Curtis M : see ya mathew
03:29 pm Curtis M : no idea robert
03:35 pm Curtis M : Well that´s a mellow end to a market day… going to call it a night… room will stay open till 4. We will get the other guys in same room with you tomorrow too lol. Have a great night!
03:36 pm Robert Norman : Have a good one!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS

Nov 2016

Pre-Market Newsletter Tuesday Nov 15 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

Trading Plan $USOIL, $WTI, Chatroom, Day-trading, Gold, Oil, Pre-Market, Silver, SPY, Stocks, Topics: Stockmarket, Trading Plan, UWTI, VIX, Wall Street, Watchlist Curt Melonopoly

Updated 8:17 AM EST

My Stock Trading Plan for Tuesday November 15, 2016 in Chatroom.

Welcome to the Tuesday Wall Street trading session! The futures bulls are alive and well and oil traded positive!

Specific to starting with more advanced traditional charting and algorithmic charting… the current market conditions are not the best time to do that… but I’ve started with EPIC the Oil Algo posts to get us started and we’ll introduce more and more of our algo work over the coming days and weeks between now and end of November.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

8:03 EST

S&P +0.12%.

10-yr +0.2%.

Euro +0.27% vs. dollar.

Crude +2.86% to $44.56.

Gold +0.25% to $1,224.75.

Pre-market Decliners Watch-List: $TSRO, $CTRE Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $ESEA 74%, $SHIP 31%, $RPRX 15%, $AAP 14%, $TOPS $SINO $JD $PTN $UWTI $PWE $AAL $UCO $WLL $DAL $CHK $DNR $FCAU Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Airlines. Shippers: $DRYS $EGLE $SHIP $SINO $TOPS $GNRT Oil: $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY Financials: $FAZ

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500 $SPY ($SPXL, $SPXS)

My bias is still to all time highs – although it has struggled some. The recent lift in oil may help. But I also expect considerable volatility during it’s run to ATH and/or shortly thereafter. The US Dollar is going to cause issues IMO as will other global market / credit / bond issues over the horizon. In that, I see a run in Gold and Silver soon.

My trading plan with $SPY: I expect volatility to get crushed and I will likely follow that trend with $XIV buys at range pivots / pending price action, volume and other geo events.

$SPY 107 AM Nov 15

So still bias toward $SPY breakout to ATH, $USOIL to get lift, $Gold and $Silver to snap back woth face rippers shortly after #stocks

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar continues its rally at time of writing. I expect it to continue in its symmetry relative to last year before Christmas also. Anyway, my Twitter feed had me posting this run since late July and there is no reason now to think it’s over. When it is, it is.

I’m watching the Peso and Trump’s messaging… also watching $FXY for clues with Gold and Miner’s.

My trading plan with $DXY: I may take a long on $UUP if I can lock in a range that makes sense but other than that I’m sitting tight. WHEN IT DOES reach it’s full symmetrical extension I will look at plays for the downside.

$DXY US Dollar Index. 109 AM EST Nov 15, 2016

Volatility $VIX ($TVIX, $UVXY, $XIV)

So yesterday I posted – and this is still my position.

“$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows.”

$VIX Diagonal Trendline 112 AM Nov 15, 2016

$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows. pic.twitter.com/1FTYCvpS8J

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with $VIX (volatility) is to run with $XIV at edges of range (if I can catch them) using $VIX and $SPY trading action.

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

So I have been really patient here and I hope the train doesn’t leave with-out me. Tonight I’m working on oil small cap charting…. but it’s time to start on Gold, Miner and Silver small cap company charting now soon too IMO to get ready.

$NUGT Was all over the turn around on the intra today but didn't trigger… #fishing #stocks #patience pic.twitter.com/xcfCaAkHF0

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

$GOLD Basing… but trying to be patient for buy trigger. #fishing #stocks pic.twitter.com/QY7EQg9vE9

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver… I did try and take a $USLV trade on Monday as a tester but stopped out so I’ll continue to watch.

$SILVER Waiting for 16.25 ish… hope it doesn't get away here. #fishing pic.twitter.com/4fMyUserOA

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with Silver: Wait for the buy trigger to hit. If it doesn’t reassess range then.

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

8:10 AM Update: EPIC the OIL Algo Blog Post Published.

If you are trading oil in the room be sure to always check EPIC the Oil Algo Twitter Feed for updates and recent reports etc.

Crude took off today in an uptrend and is about to test the 200 MA on the 1 HR. We’ll see how it handles that. Now that it is in an uptrend, and if it continues, within a few days EPIC the Oil Algo will have new alpha algo targets and alpha algo trend-lines for us.

In summary your trading ranges are as follows (as of 124 AM Nov 15, 2016):

Diagonal intra trend lines: Resistance – 45.62. Supports – 43.16 / 42.77. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance – Many. Support – Many. Refer to chart. (purple lines).

Moving average: Resistance at 200 MA on the 1 HR. Intra is at 44.54 (this will change intra)

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

Overhead Resistance Test Coming 200 Day on 1 Hour Chart (pink line). Crude algo intra work sheet 126 AM ET Nov 15, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Trader notes on oil.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Study:

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/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

Nov 2016

Post Market Mon Nov 14 $THC, $FAZ, $USLV, $UWTI, $XIV, $DRYS and more.

Post Market Report (Trade Results) $DRYS, $FAZ, $THC, $USLV, $USOIL, $WTI, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, UWTI, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 14, 2016. $THC, $FAZ, $USLV, $USOIL, #OIL, $UWTI, $XIV, $DRYS and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

I’m really pleased with the first two weeks in our beta start-up chat room. There’s some good peeps, it’s a smaller group for now but that’s good – it allows for more chatter than you could have with a larger room (which is good in this instance – so if you’re attending our room please feel free to communicate your views in the room – when there’s more in the room we’ll just scale back as needed). Much of the activity you don’t see in the transcript below because of course the charts are visual and the broadcast is by voice… but it’s going well and some of the group are getting involved and we’re starting to build on some momo here. And the market’s starting to cooperate:)

So from Friday my lessons were:

The reality is some basic disciplines went out the window. Simple stuff like trade the width or in other words the pivots (the range)… but trade them with price and volume momentum. Simple… simple… stuff. Money is made intra trading the outside ranges with price movement with volume momentum and cut quick if wrong. Really simple. So simple it seems we can find ourselves forgetting that. But truth is just that will get you 60 – 70% success ratio in my experience. So in short…. it doesn’t matter if there was a pull-back or the bonds or what the reason is… if you don’t trade the outside range when you have price confirmation (movement in the right direction) along with volume then YOU SHOULD NOT TRADE – IT IS A GAMBLE – pure and simple.

And guess what! I actually corrected these issues – it helped the market was more predictable too – but I did execute the simple rules I was not respecting on Friday. I cut faster, I protected equity, I didn’t get the run-ups you would normally expect – but I protected equity.

THE BIG PLAYS OF THE DAY for me were

$THC – The exit of 4/5 s of my $THC swing from my large swing account. This type of play (which also went well with $HTZ) is a simple play – and I far too often forget to utilize it. In short the play works like this: A) You simply wait for an equity to have a premarket downdraft due to something like poor earnings or whatever. B) It needs to be an equity that you know has managed money in it and preferrably one that you know managed money will buy on the downdraft. C) Take your entry after market open when there is increasing volume (preferably before they run it up) D) Hopefully you time your entry so that you get lift quick and can set your stop and then just put your feet up and babysit it until it gets desired target based on chart (typically gap fill over a week or so). Of course it’s more complicated than that… but those are the basics – one of my most successful swing trading set-ups. And I hate to put it on the team in the room – but if you see that I’m not paying attention to this play in the mornings please please let me know if you see any equities that fit this formula!
Both $SPY and $USOIL $WTI started to respond to dips and price action more normal like. What I mean by this in short (for example) is oil… oil at it’s outside range (pivots or support) should respond to buying price action – but oil has been dead for many days… today though it responded and tonight it’s alive in futures – so this is big news (being that I hit 97% of my oil entries (using the leveraged ETN $UWTI) and my total average with all plays (in small scalp compound accout and large swing account is 80% so oil is VERY IMPORTANT to my trading). And $SPY… well it started to respond properly too… I use $XIV which I know isn’t a direct correlation but I use that leveraged $ETN in such a way that I take advantage of a beatin down $VIX when $SPY gets on a rip. And being that I can compound an account 1% a day just with this simple afternoon $XIV play daily it is very important. NOW…. in both instances (especially $SPY) the response (price action and volume) wasn’t completely back to its normal state… but it was much, much better.
The big trade I missed was shippers last few days (was on it with it on the watchlist I posted to the trading room yesterday – I just didn’t take it) . 08:53 am Curtis Melonopoly : Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).

For me… I’m just pumped because oil is on a rip now in futures so it’s alive now and when that happens me and my little friend EPIC the Oil Algo bank. So the coming days here should be very good fishing!

DO NOT MISS THE MORNING NEWSLETTER!!!! OIL IS ALIVE!

Chatroom Transcript:

08:57 am Curtis M : Good morning! Running Scans c u before open!
09:24 am Curtis M : Momentum Open Watch: $CRBP $HAR $EBIO $OBCI $TWER and more.
09:24 am Curtis M : Crude hit support and bounced
09:28 am Curtis M : Oil Gold Silver ETE CRBP
09:34 am Curtis Melonopoly : Scanning be right back
09:42 am GSCT . : Can you turn up your volume? You’re way low for me.
09:47 am Curtis Melonopoly : LOng $XIV short leash
09:57 am Curtis M : OUt small gain looking for re’entry $XIV
10:19 am susan w : Curtis, are you still silent? Haven’t heard anything much since the open. Thanks
10:20 am susan w : ok, heard you. Thanks
10:26 am Curtis M : Going to go see what´s shaking here with $VIX and run some scans and set up for some charting and algo plays and afternoon plays….
10:31 am Curtis M : Yeild curve is flatening some… some.. so bulls may run today and tomorrow but in to Wed looks suspicious…. anyway should be a pull back coming over next 72 hours and then w´ll see
10:31 am Curtis M : going to run some scans
10:31 am Curtis M : back in 20
11:00 am Curtis M : Long $FAZ small account
11:00 am GSCT . : Think /CL tests LOD here?
11:00 am Curtis M : It may waiting
11:03 am Curtis M : Fill $FAZ 25.76 Long Small Account
11:07 am GSCT . : DWTI 91.86 -92.96 +1%
11:17 am Curtis M : Look for the miners to perk up
11:30 am Curtis M : Oil has to regain support above purple line
11:34 am Curtis M : Going for early lunch going to prep for afternoon and some algo work in the room
11:35 am Curtis M : Back in half an hour ‘ holding $FAZ
11:38 am Curtis M : Ok set stop for lunch on $FAZ 25.30 lol catcha mid lunch hour
12:03 pm Curtis M : $NUGT got it´s pop like I thought it would but $FAZ didn´t
12:23 pm Curtis M : resetting charts back in 10 for afternoon
12:27 pm Curtis M : Okay so I nailed that $NUGT turn around so hopefully $FAZ hits here soon
12:28 pm Curtis M : Missed a few of the momos this morning but after late last week I thought best to take it easy on step at a time
12:31 pm Curtis M : scanning… back in a few
12:34 pm Curtis M : Ok so $FAZ has a bounce
12:36 pm Curtis M : My $FAZ got a bounce and $THC swing having a good day!
12:40 pm susan w : Curtis – how about USLV?
12:42 pm Curtis M : We can cover gold and silver soon here
12:43 pm Curtis M : Looking for exit on $THC swing here
12:45 pm Curtis M : Out $THC on a really decent swing account gain! 16.62 scaling out now
12:49 pm Mathew W : THC BULLISH WISEGUY ACTION: Jan17 23.0 CALLS $23k BET OPENING MULTI SWEEP THC=16.43 Ref 0.6x Usual Vol
12:49 pm Curtis M : $FAZ out small gain, $XIV snall gain earlier, $THC out 2/5 s
12:51 pm Curtis M : Out 4 / 5 of $THC holding 1 / 5 on further swing
12:54 pm Curtis M : Back in 2 mins looking at Silver quick
01:01 pm susan w : Because JNUG was moving and was thinking silver would move soon since miners were moving
01:03 pm susan w : AUMN green too Curtis
01:03 pm Curtis M : nice lol
01:05 pm susan w : My goodnes, IONS went crazy
01:08 pm Curtis M : yes lol watched $IONS
01:08 pm Mathew W : Oil getting a boost ehre as well finally
01:08 pm Mathew W : bounced off of the 61.8 fib perfectly
01:08 pm Curtis M : Long 600 shares $USLV 14.14 small account
01:15 pm Curtis M : $USLV out at 14.06 protecting small account will look for re enter 48.00 loss ish
01:16 pm Curtis M : Running scans be right back
01:25 pm Curtis Melonopoly : Back in 5 calling a few oil traders and back to review oil algo
01:46 pm Curtis M : Long $UWTI 16.83 700 shares small account
01:47 pm Mathew W : 43.53 next res on /cl
02:07 pm susan w : curtis, AUMN jumpy
02:22 pm GSCT . : Scalped $UWTI 17.10 – 17.19
02:22 pm GSCT . : Early but needed to take some profit
02:23 pm Curtis M : Nice!
02:23 pm GSCT . : Thanks. Very hard to exit with Limit orders on Oil.
02:23 pm GSCT . : Will use pre-set sells. Or what do you recommend?
02:30 pm Curtis M : Out 16.89 small acount $UWTI small win Beers and hotdogs
02:32 pm GSCT . : Thanks!
02:34 pm Curtis M : Back in 10 or so for one more today hopefully ‘… really pumped that oil got positive.. watch red algo line
02:49 pm Curtis M : Long $XIV 38.72 small account 400 share taking trades around possible turn around and will size in with swing account if confirmed
02:50 pm GSCT . : /CL ramping a bit ehre
02:51 pm GSCT . : And Gold aftesr a new bottom shortly Curtis?
02:51 pm GSCT . : after
02:52 pm GSCT . : DRYS Jesus.
02:56 pm GSCT . : Don’t see a ton of upside XIV here
02:57 pm GSCT . : Bring it
03:02 pm GSCT . : Great call Curtis.
03:05 pm GSCT . : 500 shares?
03:06 pm Curtis M : $XIV out 38.91 small gain its a start 400 shares small account
03:06 pm GSCT . : WOuld like to learn more about elasric band effect a we go along here.
03:08 pm GSCT . : HTZ was wicked.
03:11 pm GSCT . : How long has the market been off cycle? 3 months? 6?
03:13 pm Mathew W : Got stopped out of my $REN position earlier.
03:13 pm Mathew W : Hate that
03:16 pm GSCT . : How long has the market been abnormal to what you like to see is what I meant.
03:23 pm GSCT . : Thanks for the great calls today Curtis.
03:24 pm Curtis M : Have a great night!
03:24 pm Edward J : Thanks Curtis
03:24 pm Curtis M : Watch newsletter in premarket really close in morning for confirmation of oil rally, SPY rally and VIX stomp…. and then if so we´ll pivot to metals when that´s done.
03:24 pm Curtis M : You bet take care
03:46 pm Curtis M : Wow still selling in to strength no confidence to hold
03:57 pm Curtis M : Oil may go on a rip tonight and many short squeezes in small cap oil tomorrow if it does

Best and stay blessed.

Curt

Trading stats w @CompoundTrading 175 Win / 44 Loss for 80.3%. All real-time alert in trading room. #stockmarket #daytrading #wallstreet

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results

Nov 2016

Pre-Market Newsletter Nov 14 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

Trading Plan Chatroom, Day-trading, Pre-Market, Stockmarket, Stocks, Topics: Stockmarket, Trading Plan, Wall Street, Watchlist Curt Melonopoly

My Stock Trading Plan for Monday November 14, 2016 in Chatroom.

Welcome to the Monday trading session! The futures bulls are alive and well and it should be a good week!

Admittedly, there are rips in certain areas that concern me (like Copper and the US Dollar – too much too fast)… so it seems watch and see and run with the bulls when most logically limited risk. Oil hasn’t ripped yet and Gold and Silver are down. Natural Gas is still confusing me (watching). Bond pain wow, just wow. So be careful everywhere.

Additionally transports last week flying relative to S&P500 and Dow Jones Trucking index hit 52 week high, chemicals look like they’re going to rip, junk bonds last week highest level vs Treasury Bonds since Dec last year $HYG / $TLT, financials $XLF showed relative strength, Saudi Arabia was on a rip $TASI, private REIT market was wrecked, and value stocks vs growth stocks are in break-out $IWD $IWF.

Also as I write the $FTSE just opened and went on a straight rip vertical and US futures are strong.

Specific to starting with more advanced traditional charting and algorithmic charting… the current market conditions are not the best time to do that… but I’ve started with an EPIC the Oil Algo post last evening and we’ll introduce more and more of our algo work over the coming days and weeks between now and end of November.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners: $DVAX $RSO $MNKD $CETV $BRZU $DGAZ $JNUG $CXRX $NUGT

Pre-Market Gainers Watch-list: $CRBP $EBIO $OCUL $MENT $MTL $PTCT $MDCO

Misc. Watch-list: $ETE (Trump play? Chart), $FCX (Trump play ?), $VRX (Continuation?), $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (w / Gold and Silver break-out), $EPI (Chart).

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500 $SPY ($SPXL, $SPXS)

My bias is toward all time highs on the near horizon… in fact, I think a rip is any moment… a serious rip – I’ve been posting that since before the election on my Twitter feed.

Until we get confirmation of a break-out and trend I will avoid posting pivots / Fib levels and algorithm charting because futures at time of writing look like they are blowing through the upside anyway.

My trading plan with $SPY: I expect volatility to get crushed and I will likely follow that trend with $XIV buys at range pivots / pending price action, volume and other geo events.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar has ripped hard – my twitter post outlines main resistance – but it may blow through those like nothing… that is yet to be seen. Here again, when things settle some we’ll work with the standard charting pivots, Fib levels and algorithmic charting (hopefully sometime this week). For now it’s watch.

On a rip. Primary resistance 99.68, 99.88, 100.50. $DXY US Dollar Index. 251 AM EST Nov 14, 16 pic.twitter.com/aLgZszDPB9

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

The Mexican Peso seems way over done to so I’m watching. And China has pegged lowest ever I think (have’t looked yet).

I’ll be watching $FXY for clues with Gold and Miner’s.

My trading plan with $DXY: I may take a long on $UUP if I can lock in a range that makes sense.

Volatility $VIX ($TVIX, $UVXY, $XIV)

$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows.

$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows. pic.twitter.com/1FTYCvpS8J

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with $VIX (volatility) is to run with $XIV at edges of range (if I can catch them).

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

I have posted since the beginning of Oct that I expected an elevator down and posted buy triggers. It seems we’re almost there and a decision will have to be made if and when we get there. If we don’t get there I’ll see.

Gold. Pretty confident now in my buy trigger hitting. pic.twitter.com/W8sF5p1LYa

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

$GOLD pic.twitter.com/emYimwL4Ht

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver $SLV ($USLV, $DSLV)

Same as with Gold, I am looking for one floor down and hope I get it.

$SILVER too pic.twitter.com/4HJO5UiaXI

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

My trading plan with Silver: Wait for the buy trigge to hit. If it doesn’t reassess range then.

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Epic the Oil Algo has published his first daily report – you can find his oil trading report here.

In summary (at time of writing at 1:39 AM ET) your trading ranges are as follows:

Diagonal trend lines: Resistance 45.68. Support 43.11 / 42.85. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance 45.78. Support is 43.33 / 43.03 (purple lines).

Moving average: Resistance at 200 MA on the 1 HR.

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

Trader notes on oil.

My plan trading oil is to take a long position in $UWTI in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift (which I don’t expect until we get closer to the oil meetings – which by the way there is some news there) then I will consider entering in size long with my large swing account, HOWEVER, oil has not traded agressively for some time so this is not something I expect just yet.

Crude oil current trading range 42.85 – 45.78 (see chart).

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. Shorts – $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

$RIG Interesting…. pic.twitter.com/JGySeCpeg1

— Curtis Melonopoly (@curtmelonopoly) November 14, 2016

#OPEC https://t.co/A7AtvJKhsD

— Curtis Melonopoly (@curtmelonopoly) November 13, 2016

The patience trick / discipline with crude is don’t go long unless you see those big volume spikes and preferrably some follow through. When the bulls and machines are in crude buying the dips you’ll know – and then it’s like a bank teller machine over and over. But it does go in cycles.

Study:

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.3xetf.com/all/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

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Post Market Tuesday Nov 22 $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

Stock Trading Results (Green Portfolio Day) Post Market Monday Nov 21 $REN, $XIV, $UCO, $UWTI and more.

Post Market Fri Nov 18 $ANF Wash-Out, $TRCH and more.

Pre-Market Newsletter Friday Nov 18 ($GOLD, $SILVER, $USD/JPY, $IWM, $RWM, $FAZ, $USOIL, $GDX… more.)

Post Market Thur Nov 17 Low Float Shippers China, $USOIL, #OIL, $UWTI and more.

Pre-Market Newsletter Wednesday Nov 16 ($USD/JPY, $IWM, $RWM, $IWM, $FAZ, $USOIL, $GDX… more.)

Post Market Tues Nov 15 $TWLO, #OIL, $UWTI, $GDX and more.

Pre-Market Newsletter Tuesday Nov 15 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

Post Market Mon Nov 14 $THC, $FAZ, $USLV, $UWTI, $XIV, $DRYS and more.

Pre-Market Newsletter Nov 14 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

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Tag Archives: Day-trading