16
Dec 2016
Crude oil, trade, trading room

Post Market Thur Dec 15 $CBIO $PIR $UWT $GLD $GDX $USOIL $WTIC $NUGT $DUST $SPY $DXY $VIX $USDJPY

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Thursday Dec 15 –

Post Market Thur Dec 15 $CBIO $PIR $UWT $GLD $GDX $USOIL $WTIC $NUGT $DUST $SPY $DXY $VIX $USDJPY

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Thursday Dec 15 – $UWT, $CBIO, $PIR, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F, $UGAZ 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.

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.

Notices:

Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

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

From my post market report Monday and follow-ups since,

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition.

I followed up with a warning in the member’s premarket with specific area of challenge in $SPY chart at 227.80.

Price action on $SPY struggled with that area all day and remained a challenge overnight, Wed Fed day challenged price action and overnght it is still struggling BUT THE CHART IS NOT BROKE and until otherwise our algo predicts are in play (new reports processing and available within a day or three).

$SPY Struggling with resistance overnight our algo alerted as resistance prior to Fed meeting. $ES_F $SPXS $SPXL S&P 500

$SPY, Resistance, Chart

$SPY Struggling with resistance overnight our algo alerted as resistance prior to Fed meeting. $ES_F $SPXS $SPXL S&P 500

 

Target Hit! Gold collapse in to our 1133.00 price target to bottom of algo quadrant. $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Gold, Algo, Prediction, Target, Hit

Target Hit! Gold collapse in to our 1133.00 price target to bottom of algo quadrant. $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

So that again leaves our inaugural algo EPIC!

From yesterday:

Epic the Oil Algo calls price and time for every Tuesday at 4:30, Wednesday at 10:30 and Friday at 1:00 (and much more than those calls) the week prior in his newsletter oil reports the week prior so that traders can plan their trades etc. Anyway… the Tuesday at 4:30 price and time target zone was hit yet once again! He’s firing at 93.3% call win rate (all published in advance like all over our algos).

And what do you know! Wednesday EPIC the Oil Algo HIT THE PRICE PREDICT TARGET TO THE EXACT CENT AT THE EXACT SECOND OF THE PREDICTION NINE DAYS PRIOR!

So were weren’t sure which target was going to hit – funny thing is primary target hit right to the cent at the second of the call and the secondary target hit about 2 seconds later right to the exact cent also. What a day for EPIC. Below is a shot of when price was on its way to targets and above is price of crude hitting both called targets within seconds of each other.

Targets for next week Tuesday 4:30 PM, Wednesday 10:30 AM and Friday 1:00 PM will be calculated by EPIC the Oil Algo and sent to members this weekend!

Friday 1:00 target for this week on deck!

My Personal Trades:

I only added to my long position in my swing account on $UWT and held overnight. There was an awesome set up (our code word for it in the lab is “right ear sidewinder” AND WOW DID IT PLAY OUT EXACTLY AS WE SAID IT WOULD to the second all the way through the trade. I will try and find time to a do a detailed video in this set-up this weekend – we hit that trade set-up at least 95% of the time and the price spike is violent so it is an awesome crude oil instrument related trade. Normally I would have sold right at the top of the spike (because of course knowing where that is in advance is key). But I am loading crude oil related plays in my swing account right now. Mid term play. Anyway, it was recorded live in detail in the trading room so I hope to get a video done on it.

Here’s generally what the oil related trade looked like on a chart along with some tweets and you will see in the log below of me alerting of the set-up and when it was complete (the details are more important and that is why I need to do the video, that set-up can be used over and over with oil related trade on intra-day trading with near 100% accuracy).

Right ear sidewinder oil play called right to the second in trading room. Entry – exit Crude algo intra work sheet 418 AM Dec 16 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DET #OOTT #algo – Green arrow entry alert, Red arrow exit alert – very detailed advance trade set-up explanation in the trading room and walked the traders through the whole process live second by second. The white line is the bottom of a time / price triangle trading quadrant the members were alerted to days ago that played out also – no traditional charting on earth provides that charting.

Crude oil, trade, trading room

Right ear sidewinder oil play called right to the second in trading room. Entry – exit Crude algo intra work sheet 418 AM Dec 16 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DET #OOTT #algo

The alert process on Twitter (room transcript below and video coming from live trading session)

$UWT is a long crude ETN day trading instrument that allows you to get magnified gains if you are on right side of the trade. Not for beginners.

I was confident because I had confirmation in the trading action that I was now again trading with the machines – makes it REALLY PREDICTABLE – to the second – watch the video – literally to the second. And that $USD/JPY from today – same thing – exactly to the cent to the second knowing in advance because when the machines are in they are in, in a way humans are not.

I alerted that there were large blocks trading in $USO – further confirmation.

I alerted prior to spike that I did accept tips (you never know a guy might get some love) – THEN IT SPIKED HARD! And of course I was broadcasting every step for our crew in the room.

Alerted to exit the trade.

A kind man thanked me.

 

Primary Lessons That May Help You With Your Trades:

Watch the two videos we’ll do on the oil trade and the USDJPY trade when ready.

Again, Mathew would have a book full of lessons with his trades lately (lots for folks to learn there) so it will be nice to have him on audio broadcasting in the room and I look forward to his watch lists and blog posts.

Looking Forward:

Now we are waiting for price action for our six algos to confirm targets etc and we’ll trade the other side of this inflection. IT IS GOING TO BE NUTS! Watch the algos on this inflection trade!

Announcements in Trading Room:

09:00 am Curtis M : PREMARKET MOMENTUM $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR

09:07 am Curtis M : $CBIO $DRYS news PREMARKET MOMENTUM $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR

09:08 am Curtis M : $CBIO $BOSC $ATHN $PIT $DRYS $DSLV $DUST $JDST $ARWR $MVIX $DGAZ $DWT $ONVO $LLY

09:31 am Curtis M : Watching momos $CBIO $BOSC $ATHN $PIR $DRYS $DSLV $DUST $JDST $ARWR $MVIX $DGAZ $DWT $ONVO $LLY Then on to Gold Oil SPY etc

10:25 am Curtis M : Momo $CBIO $PTCO $ESEA $PIR $ATHN $BOSC $DRYS $DCIX $JDST $DUST $PTN $IDCC $MVIS $UHS $GRFS

11:37 am Curtis M : On Lunch until 12:15 EST

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:06 am Curtis M : $CBIO mania
09:15 am Carol B : premarket looks decent
09:26 am Mathew Waterfall : Made it in. I’m having some weird issues apparently with my computer this AM so if things are laggy sorry about that
09:26 am Curtis M : modern life:)
09:27 am Curtis M : Watching open plays and then I will move over to standard when open settles down
09:33 am Tyler H : $CBIO went wrong direction
09:33 am Tyler H : Sorry $BOSC
09:34 am Mathew Waterfall : $AAPL pushing in to the gap. Watching to close out some of those calls
09:35 am OILQ K : I am staying long $AAPL in to Jan 1 in that time frame
09:36 am Curtis M : $CBIO and others not getting a great open yet
09:38 am MarketMaven M : $PIR bull
09:39 am Curtis M : $PIR squeeze is strong
09:45 am Joel O : Looking at $AMZN today on long bias
09:46 am Mathew Waterfall : $AAPL new highs. Losings the 10 on the 1′ and I’m cutting. Will let it run until 117 and get out around there
09:47 am Tyler H : Large spec on bid $ES_F we’re going hgher folks
09:49 am OILKING K : $VRX ss
09:50 am Mathew Waterfall : Out half of the $AAPL Dec16 118’s at .2 from .25. Will keep the other as a lotto play that will either double or go to zero, either way I’m fine. Didn’t buy enough time, looking at next weeks 118s
09:52 am Curtis M : This could it be it soon here on the sell side of $SPY
09:53 am Mathew Waterfall : On the mic, let me know if you can hear me
09:53 am OILKING K : Nice!
09:54 am Carol B : Thanks Matt
09:55 am Tyler H : $ES_F blasat off time
09:57 am Curtis M : Good quality head gear there Matt – clear
09:57 am Mathew Waterfall : Seeing a lot of IWM call buying and some large put sellers here. Should be in good shape for at least a pop into the end of the week. $ON calls working, $MPEL has some work to do
09:58 am Mathew Waterfall : Cool, glad that was easy lol
09:59 am Curtis M : The last time Iwent long and held ON and didnt check a stock was like 2 years ago – I did that with UWT – not sure if good or bad lol
09:59 am Mathew Waterfall : And right on time $IWM going vert. Looking for a hgher high over yesterday as first stop
10:01 am Curtis M : $SBPH halt
10:05 am Mathew Waterfall : Out half $IWM Dec23 138.5’s at .5 from .32. Keeping it tight. Will let the other half run
10:06 am Mathew Waterfall : And if you’re late it’s now even further north which is always nice
10:06 am Curtis M : snap back gonna be mean
10:07 am Mathew Waterfall : Yea /ES looks angry right now. Stop run to the north for the Santa rally
10:10 am Mathew Waterfall : $ON consolidating over yesterdays HOD. Like the steam in this one
10:11 am Curtis M : Shippers running
10:17 am Michael P : Back in 3 mins
10:22 am Mathew Waterfall : $XOM in a fed Dec23 92.5c’s @.3. Small position to start. Looking to see if this can retain some strength today and get back into the 92/93 range. Wanted it lower but it held up well
10:26 am OILKING K : Oil looks good yet IMO Mat
10:26 am Mathew Waterfall : Agreed. I don’t expect a downdraft in OIL but $XOM is always a bit of a proxy for OIL so you have to take that into consideration
10:27 am Curtis M : true that
10:36 am Mathew Waterfall : Out rest of my dec23 $IWM 138.5c’s. .62 from .32. Think it goes higher but looking for a breather and will reload. If not $XOM will have to carry me home
10:40 am Curtis M : $OPKA great chart
10:40 am Curtis M : $OPK
10:42 am Tyler H : Shippers dropped
10:43 am Mathew Waterfall : $AAPL bouncing off of gap support. Slow melt in last hour concerning but should be good for a pop north
10:43 am Mathew Waterfall : $ON 13’s. Booyah. Final target is 4’s on this one
10:43 am Dani M : excellent
10:45 am DaytradeX X : $NFLX stalking here
10:45 am Mathew Waterfall : If you’re in the trade and want to play tight can set a stop right above entry. It shouldn’t slip back below 12.73. If it does I would consider cutting
10:48 am Curtis M : $NFLX – I dont see how that biz gonna stay afloat – just me
10:50 am Curtis M : Gold in a dangerous place – next quadrant right below – algos will rape it down there -they have been in control
11:02 am Curtis M : I wonder if the 200 on the 1 min matters lol funny
11:03 am Curtis M : here we go
11:07 am Curtis M : Scaling 6000 $UWT picking my places tho short leash at fib crooss
11:12 am MarketMaven M : With ya Curt and tight stops too
11:12 am MarketMaven M : Nice fn timing
11:12 am OILKING K : That was interesting
11:13 am OILKING K : Right ear sidewinder?
11:13 am Curtis M : Its an oil trading term from way back lol – maybe they dont use it anymore
11:21 am Mathew Waterfall : Coffee break. Back in 20 or so
11:22 am Curtis M : Running scans enjoy
11:22 am Curtis M : me too
11:32 am Curtis M : Well that sucked
11:32 am Curtis M : But Im holding
11:32 am MarketMaven M : I am too but small positoin
11:34 am Curtis M : Where’s sandeep?
11:34 am Curtis M : u must b away from your computer
11:34 am John M : oil looks risky but I see your method
11:34 am John M : Im long TSLA
11:36 am Curtis M : One more round of deval and $USDJPY takes flight and Gold wlil be in bot hell
11:56 am Curtis M : Huge technical resistance on $USDJPY
12:02 pm John M : Curt USDJPY should take a breather here i think u ar right
12:04 pm Curtis M : Crude on top of a number of micro technical challenges now
12:07 pm John M : Yahoo a dog
12:07 pm David Z : Oil looking good now haha
12:07 pm Mathew Waterfall : Little lunchtime melt going on here. Expecting some more strength to come back into the market as bear haven’t been able to do much as of yet
12:08 pm DaytradeX X : Christmas rally will continue and trump train and gains tax train
12:09 pm Mathew Waterfall : USD is the thorn in our sides currently. Thanks Yellen
12:10 pm Dani M : Yellen seems out of touch
12:11 pm Curtis M : lol I will delete Yellen comments before publishing trading log bahahahah
12:11 pm Curtis M : She looks like she’d send the dogs of war
12:12 pm OILQ K : Long Spy or QQQ my think maybe
12:12 pm Mathew Waterfall : hahaha she will sick her horrible policy dogs on us
12:13 pm Curtis M : something yes she spooks me
12:13 pm Curtis M : its those collars
12:13 pm Mathew Waterfall : lol her outfits are like modern day chinese regime
12:14 pm Curtis M : haha
12:15 pm Mathew Waterfall : Just hit $NUGT for a bounc. 10 cent trailing stop, likely won’t net me much but it does like to bounce if the dollar yen can cooperate
12:15 pm Curtis M : Tempting trade with ths resistance
12:15 pm Curtis M : lol same time
12:21 pm Mathew Waterfall : Small add to $XOM position. Again nice strength on the day and looks like a cup and handle formation in progress
12:21 pm Mathew Waterfall : Only currently playing next weeks 92.5’s which are cheap
12:25 pm Michael P : what kinda magic was that wtf?
12:26 pm Curtis M : lilttle technical trick
12:26 pm Curtis M : did you watch how I did that?
12:26 pm Carol B : I DID
12:27 pm Drew M : That was sick
12:27 pm Curtis M : sick meaning good lol haha
12:27 pm Curtis M : mght still fail
12:29 pm Drew M : crazzy
12:41 pm Mathew Waterfall : $NUGT trying here, with a trailer I’m not really actively managing this trade but let’s see some bounce in the step please
12:45 pm Mathew Waterfall : $CHK Dec23 7.5 lotto trade. in @ .1. If oil holds this should get a pop. # bagger or doughnut on this no other option really so play at your own risk
12:47 pm OILKING K : I was looking at chk too
12:50 pm Mathew Waterfall : I’ll explain my thoughts on these lottos later today post market if you guys want some background in my thinking on these
12:51 pm Curtis M : Curt – remember 12:24 $USDJPY video and Sidewinder play on oil noon (note to self)
12:52 pm Curtis M : Matt u should do a blog post on it I’ll get Sartaj to get you set up
12:52 pm Mathew Waterfall : Sounds good
12:52 pm MarketMaven M : great ideas boyz like
12:53 pm Mathew Waterfall : $NUGT trying for 6. thought this was dead in the water 15′ ago lol
12:55 pm Mathew Waterfall : stopped at 5.95. Good enough for 20 cents a share on no real trade management. I’ll take the small win
12:55 pm Curtis M : yes nice profit is proft
01:01 pm Dani M : SPY gonna go
01:01 pm Curtis M : You are likely right
01:07 pm Curtis M : so glad I hammerd down so hard
01:07 pm Mathew Waterfall : Nice call Curt!
01:07 pm Curtis M : hey thanks Mat – truth is it was 50 50 but happy needed a hit
01:08 pm MarketMaven M : School today with you two guys. THANK YOU
01:08 pm Curtis M : 🙂
01:08 pm Mathew Waterfall : 50/50 with proper risk management can still pay the bills
01:09 pm Curtis M : Thats the secret right there
01:14 pm OILQ K : Anything look good Mathew?
01:15 pm Mathew Waterfall : No new positions for me, baybsitting what I have on the books
01:16 pm Curtis M : Not my skill
01:35 pm David Z : Pit close will be good or bad guys?
01:36 pm Curtis M : Tough call 50 50 with a little slant to good because of momo
01:38 pm Mathew Waterfall : I could see some profit taking here but I’m not playing it outside of my oil stock plays so YMMV
01:38 pm Curtis M : Ya you never go wrong taking profit
01:39 pm David Z : Good point
01:39 pm DaytradeX X : great day – lots of ed
02:09 pm OILKING K : what a cool play exactly like you said it would play too crazy neet
02:10 pm Dani M : Watching netflox again $NFLX
02:13 pm Darni P : Serious Mathew and Curtis best learning day and I have trade for 11 years. Looking forward to tomorrow. And Matts blog. I was thinking %DRYS for close thooughts?
02:20 pm OILKING K : Long $DRYS small
02:20 pm Mathew Waterfall : Glad you learned a few things today. Never stop learning
02:21 pm Mathew Waterfall : $drys looks ok. It couldnm’t get above 4.75 and has a recent low at 4.4 to play against so not a great r/r set up IMO
02:23 pm Curtis M : pure momo play
02:34 pm Curtis M : $KALV on scan
02:37 pm Curtis M : Just ran all the background on $KALV decent outfit guys
02:40 pm Mathew Waterfall : $DFIN working on a breakout for a swing
02:43 pm Curtis M : $CBIO blocks
02:48 pm Curtis M : $DRYS looking jiggy
02:55 pm Curtis M : $DCIX pop
03:00 pm Mathew Waterfall : $QHC HOD into the close here
03:03 pm Mathew Waterfall : Volume is lackluster but the daily candle will be a beauty. I’ll watch for continuation tomorrow
03:03 pm Curtis M : yup
03:04 pm Mathew Waterfall : And firmly into a gap that closes around 9.75 so a good candle to play against. Long over stop at LOD or around $7
03:14 pm Curtis M : So with this snap back $DRYS NHOD sqeeze I would ratchet stops at 5
03:16 pm Curtis M : If you get thru 5 your next res is 5.30 – 5.40
03:22 pm Curtis M : $CBIO 110% is a bit much but the way ths market is 300% may happen tomorrow
03:23 pm Mathew Waterfall : $AKAO says it can keep going lol
03:23 pm Curtis M : $DRYS just entered warp
03:26 pm Tyler H : I am out on $DRYS 40 cent winner
03:27 pm Darni P : ME TOO! thanks curt
03:27 pm Curtis M : I just alerted I didn’t play wish I did
03:27 pm Curtis M : risky stuff
03:35 pm MarketMaven M : $DRYS surprises me all the time. I wouldn’t hold it.
03:35 pm Mathew Waterfall : Debating $ORCL next week lottos for earnings. One of my favorite plays. recent strength with a sell off into the close right before earnings. ~1.50 move expected. Eyeing next week 43s but will likely just watch
03:37 pm Michael P : need to learn your moves mathew
03:37 pm Michael P : i will read your post
03:38 pm Dani M : see you tomorrow gyz!
03:39 pm Mathew Waterfall : I’ll work on it this weekend. It will have some technical stuff in there but be a decent primer for options with a slant towards lottos
03:39 pm Mathew Waterfall : $DFIN and $QHC looking strong into close. close eye on both$ON rallying to finish the day as well
03:40 pm Curtis M : All look good on that list
03:44 pm Mathew Waterfall : Rolling half of my $ON jan 13’s to 14’s for .36 credit. Great way to take some profits and keep the trade on. This will move the effective cost of those 14’s to .16 a piece. Keeping the other half of the 13’s and will outright sell those in coming days
03:45 pm Mathew Waterfall : You could also sell against the 13’s to creat a spread if you wanted or straight sell to lock gains but I think this goes higher as my previously mentioned target is 14 if the market cooperates
03:46 pm Mathew Waterfall : I promise, on of these days I will also learn to type. Editing my blog post this weekend will take longer than writing it I’m sure
03:46 pm Mathew Waterfall : *one see lol
03:47 pm Curtis M : lol
03:50 pm Mathew Waterfall : $AKS and $CLF pushing to close at HOD as well. in $XOM could join that would be very constructive
03:50 pm John M : Like $CLF
03:53 pm Mathew Waterfall : Same here John. 9.62 is an important level. Now that we’re over that I’m looking for a move back to the highs
03:53 pm Curtis M : $CLF makes sense
03:53 pm DaytradeX X : Im out good nite!!!
03:54 pm Joel O : in the morning peeps bye
03:54 pm Mathew Waterfall : $CLF was 121 in 08. Crazy
03:55 pm Darni P : YES TO $CLF – Catchya tmrw
03:57 pm Curtis M : Great day guys and gals thanks for the support!
03:57 pm Mathew Waterfall : See ya in the AM guys and gals
03:58 pm Carol B : see ya mat
03:58 pm Jack D : peace
04:01 pm Curtis M : out

You can follow along with public calls our algorithms post on Twitter here:

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

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500

15
Dec 2016
Crude oil, chart, premarket

Pre-Market Newsletter Thurs Dec 15 $CBIO $BOSC $PIR $ATHN $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

My Stock Trading Plan for Thursday Dec 15, 2016 in Chat room. $CBIO $BOSC $PIR $ATHN $USOIL, $WTI,

Pre-Market Newsletter Thurs Dec 15 $CBIO $BOSC $PIR $ATHN $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Thursday Dec 15, 2016 in Chat room. $CBIO $BOSC $PIR $ATHN $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY, $SILVER, $SLV, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

This will be another quick report – with the recent OPEC volatility and Fed Speak volatility there is 100 times the work recalculating algorithmic models – so ya, best!

Yesterday came and went and there was some time / price cycle changes in each algorithm as a result of the Fed speak so we are including algorithm subscribers in this newsletter distribution this morning because it will be a day or two until price action settles and machine prediction is such that the algo targets. algo lines, time and price cycles, and intra trading quadrants can be published.

The trading room had issue yesterday with intermittent internet (which is bizarre because we have the best you can buy and we are supposed to be in a jurisdiction that has one of the best internet connectivity in the world). Anyway, if this occurs today (as with yesterday) we will just keep signing back in with you guys. While I am writing this is an issue again.

The algos have been nailing targets so be sure to review their Twitter feeds and the Post Market Trading Results newsletter from yesterday that was published this morning.

As far as timing is concerned with the algos, we have them all ready (the last few laggards) so when things settle over next day or two they will all finally be published in complete detail. It’s been a long seven months of work 🙂

Current Holds:

$CBMX, $JUNO, $UWT

Market Outlook:

Rupert Murdoch’s Fox announces takeover for remainder of Sky. $FOXA up 3.5% #premarket.

Momentum: $CBIO $BOSC $PIR $ATHN

Gold $GLD and Miners $GDX:

From yesterday:

Gold and miners may get a pop here with the Fed (and of course Silver in same boat). But there is the lingering bottom of the quadrant at 1133 from our Gold algo probability – so stay tight on it. $USD/JPY is off a bit in morning trade but it is also at a critical support so be careful!

In over night trading the bottom of that quadrant call was touched – so be prepared for long trade signals. We will scream it from rooftop if it comes.

Gold, Algo, Price Prediction

Gold algo price predict target 1133.00 in sight. Gold algo intra work sheet 522 AM Dec 15 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

$VIX – now that we are other side of Fed this is not high on my watch list until between Christmas and Trump power transfer.

$NATGAS $NG_F has come off some from important resistance and lost the support I was watching. Now watching 3.34 support for action there and it is trading this morning at 3.44. This is on watch with me. Although we don’t have an algo to rely on as I’ve said.

$SPY

As I wrote yesterday:

$SPY hit the resistance zone I alerted in yesterday pre-market, came off, got steam popped above it and then yesterday struggled at the resistance I alerted and through the night struggled with that 277.80 area of resistance.

$SPY in premarket s 225.88 which isn’t that far off and the chart is not broken (just need algo reset as I said) – so we will get you detailed charts soon for these resets.

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

As I wrote yesterday:

Crude oil hit its algo target at 4:30 Tuesday after market close and at time of writing at 643 AM price is on its way toward the Wed 1030 AM targets. There are indicators turning intra bearish in the upward trending channel.

It did lose support in Fed speak volatility so the bearish indicators played out, however, it is still trading in upward channel which is still over all bullish – yet weaker with resistance overhead at yellow line.

And that brings me to momo stocks and rotation therein, looks like we continue with huge opportunities there also!

If you are new to our trading service you should review recent blog posts and at minimum of 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. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day 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). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), 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 ans 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: $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR 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: $AKAO (momentum Monday and Tuesday), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(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:  $AMD $XLNX $OKS $MMP $UNVR $TEF $CVX $HEI $FLO $PFIE $ZTS $MA $V $DXCM $SWFT $RRC $KSU $HLT $CVGW $TCBI $ZION $FHN I will update before market open of refer to chat room notices.

(6) Downgrades: $BPL $TEGP $PSXP $NOG $PLXS $MIDD $MOH $GIS $VRX $BBG $ZBH $EAT $WY $ACRE $OKSB $HYH $NLY $AGNC $BXMT $ARI $STWD $GIS $LADR 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.

Regular Trades:

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

Outlook:

As I wrote yesterday:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who know?

As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

As above in my intro and previous, the chart ain’t broke till its broke. When its broke we’ll let you know. Detailed charting on deck.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

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

Outlook: Looking for possible record lows before Christmas.

As above, I am thinking opportunity comes between Christmas and Trump, and by the way, when $VIX spikes the easiest play is short short short. FYI.

CNN Fear and Greed Index: http://money.cnn.com/data/fear-and-greed/

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events. SHORT $VIX SPIKES!

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

As I wrote over and over again since July 2016 when our algo locked the math in:

BE VERY CAREFUL LISTING TO THE $USD/JPY bears – they have been feeding misery to followers for many weeks – the chart is not broke – price is currently at support and there could easily be another leg up – nobody knows but the trend is your friend!

THIS IS STILL SUPER BULLISH!!!

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

Per recent posts:

My Trading Plan for Gold: Short term there could be a pretty good pop around the Fed, but I don’t expect it would last. It could pop to the top of the algo quadrant but I don’t think it would run past – NOT YET ANYWAY. So who know’s I may play a short term scenario – Fed / market reaction dependent.

Per yesterday:

I am waiting for the trend reversal. We are very close to the price target at the bottom of that quadrant at 1133.00 ish. The initial wide frame target Rosie the algo nailed but there has been a wait and see for a reversal because of one more possible leg down. Getting very close IMO.

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely. The idea is to get on the right side of the trade and trend.

WE SHOULD BE ALMOST THERE! GET READY! LIKELY BETWEEN CHRISTMAS AND TRUMP POWER TRANSFER! CHARTS COMING!

Other equities I like for Gold Trade: $AUMN (penny stock). When the trend reversal confirms I will post all the Gold equity picks here.

Silver $SI_F: $SLV ($USLV, $DSLV)

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

AS I WROTE LONG AGO – IT WILL HOLD UP BETTER THAN GOLD BUT I TRADE IT LONG WITH GOLD LONG ANYWAY. A downtrend is a down no matter how you look at it.

My Plan for Trading Silver: same

Per previous;

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

Other equities I like for Silver trade: $AUMN (penny stock). Same here, when trend reversal occurs I will post equity picks here.

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

Outlook:

Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second. 

Per yesterday:

There are concerning indicators that could cause crude to visit the bottom of the upward trending channel – so I am watching close at the critical supports. Also waiting for Fed speak market reactions.

Trading Plan: I am in here and I will hammer down more if it gains a support and runs. Friday targets are above and below so this is a tough place.

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 $NG_F $NATGAS ($UGAZ, $DGAZ):

Per yesterday:

Hit resistance as I thought and alerted.

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

ON WATCH!!! This could get a considerable pop in to late Wednesday and even as far as in to late Monday next week is possible!!!

Natural gas lost that Fib support yesterday so now I am watching lower supports. I still think there is a possibility for a pop just after Fed speak!

ON CLOSE WATCH!

Study:

Now that a number of blog posts are being unlocked, it wouldn’t be a bad idea for traders to review them (especially new traders).

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article, “Why our Stock Algorithms are Different.”

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 (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: $CBIO $BOSC $PIR $ATHN Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

15
Dec 2016
Crude Oil, Price, Target, Algo, Hit

Post Market Wed Dec 14 $VCL $GLD $GDX $UWT $USOIL $WTIC $NUGT $DUST $SPY $DXY $VIX $USDJPY

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Wednesday Dec 14 –

Post Market Wed Dec 14 $VCL $GLD $GDX $UWT $USOIL $WTIC $NUGT $DUST $SPY $DXY $VIX $USDJPY

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Wednesday Dec 14 – $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F, $UGAZ 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.

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.

Notices:

Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

$SPY: The S&P 500 Algorithm is starting to fire on all cylinders too (which is good – its 5th in development process so its newer than others).

From my post market report Monday,

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition.

I followed up with a warning in the member’s premarket with specific area of challenge in $SPY chart at 227.80.

Price action on $SPY struggled with that area all day and remained a challenge overnight, Wed Fed day challenged price action and overnght it is still struggling BUT THE CHART IS NOT BROKE and until otherwise our algo predicts are in play (new reports processing and available within a day or three).

And our $VIX algo been hitting it on intra calls too which is awesome to see.

Gold – $GLD $GDX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F

Per yesterday:

Our Gold and Silver algorithms have said wait on a buy because of the 90% chance of Gold going to lower quadrant (you’d have to see our Gold algo Twitter to get the whole story – but the calls have been in place for months while many were bullish on Gold prior to election in Summer and Fall 2016)… anyway so Gold did deflate more as called – so yes, Gold and Silver algos hitting perfect too. These are exact price calls BTW. And the $DXY algo has been nailing it.

So our Gold price target of 1163 from months back has hit and overnight it got down to 1151 which puts Gold very close to the 90% probability of a hit to bottom of quadrant from @RosietheAlgo with posts going way back.

Gold, Algo, Price Prediction

Gold algo price predict target 1133.00 in sight. Gold algo intra work sheet 522 AM Dec 15 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

$USOIL $WTIC $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP

So that leaves our inaugural algo EPIC!

From yesterday:

Epic the Oil Algo calls price and time for every Tuesday at 4:30, Wednesday at 10:30 and Friday at 1:00 (and much more than those calls) the week prior in his newsletter oil reports the week prior so that traders can plan their trades etc. Anyway… the Tuesday at 4:30 price and time target zone was hit yet once again! He’s firing at 93.3% call win rate (all published in advance like all over our algos).

And what do you know! Wednesday EPIC the Oil Algo HIT THE PRICE PREDICT TARGET TO THE EXACT CENT AT THE EXACT SECOND OF THE PREDICTION NINE DAYS PRIOR!

So were weren’t sure which target was going to hit – funny thing is primary target hit right to the cent at the second of the call and the secondary target hit about 2 seconds later right to the exact cent also. What a day for EPIC. Below is a shot of when price was on its way to targets and above is price of crude hitting both called targets within seconds of each other.

EPIC, Oil, Trading, Chart, Newsletter

Price on its way to highest probability targets identified for Wed 1030 AM. Crude algo intra work sheet 439 AM Dec 14 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

Our Trades:

I only took a couple long positions in my swing account on $UWT and held overnight.

So the room was really quiet because of the Fed speak.

Mathew has BEEN NAILING his trades and his alerts in the room have been awesome. He’ll be in the broadcasting daily here soon with me alerting his trades too and posting results and a pre market watch list on blog soon also.

Primary Lessons That May Help You With Your Trades:

Nothing new here from me.

Again, Mathew would have a book full of lessons with his trades lately (lots for folks to learn there) so it will be nice to have him on audio broadcasting in the room and I look forward to his watch lists and blog posts.

Looking Forward:

Now we are waiting for price action for our six algos to confirm targets etc and we’ll trade the other side of this inflection. IT IS GOING TO BE NUTS! Watch the algos on this inflection trade!

Announcements in Trading Room:

09:02 am Curtis M : Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

09:09 am Curtis M : $VCEL $BCLI $NSR $IDXG $ADHD $GOL $RCON $RUSS $DWT $AMRS $PRTO $SCO $OPHT $JNUG $LYG $MTL

09:11 am Curtis M : Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

01:51 pm Curtis M : We are experiencing intermittent internet outages in our area – if we stop broadcasting we will re-enter after each outage.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:11 am Curtis M : On Watch: $VCEL $BCLI $NSR $IDXG $ADHD $GOL $RCON
09:27 am Mathew Waterfall : Wouldn’t be too surprised to see a bit of a shake and bake into the fed as we are all pretty nervous overall. I’ll be sitting on my hands unless something crazy happens
09:27 am Curtis M : Watching $VCEL over 4 and dont see a lot of action this side of Fed FYI likely sit
09:31 am Curtis M : 52 week highs $NSR $RACE
09:32 am John M : Short $AKAO
09:32 am Mathew Waterfall : $CRBP pop off open. I am putting a trailer on this
09:33 am MarketMaven M : $VRX long 14.75
09:34 am Sammy T : Was going to short $VCEl glad I didn’t POP
09:35 am Mathew Waterfall : Out of $CRBP at 8.2. Didn’t get much out of that, want to lighten up before the fed. Small win
09:35 am Curtis M : $ADMP vol on scan
09:43 am Curtis M : 53 Week New highs $CDZI $DF $HOV $LIOX $MC $RICK
09:44 am MarketMaven M : Long $NWBO small
09:45 am Curtis M : Looking at oil related long near support post Fed and Natural Gas – likely sit on hands
09:46 am Mathew Waterfall : Couple $AAPL weekly 118’s @.25. Looking for some continuation afer breaking out of the bull flag pattern
09:46 am Mathew Waterfall : Fill at .23 it looks like
09:47 am Mathew Waterfall : And $CRBP taking off after I’m out lol love that
09:50 am Ronny D : $AKAM looks decent long now.
09:52 am Curtis M : Crude support test here.
09:53 am Curtis M : If crude doesn’t hold this support and hits downdraft check your algo target below. Lots of air.
09:54 am Mathew Waterfall : $ON Jan 13c’s. Bought a few at .55. If this slips I’m out, but just broke above resistance and saw soe good buying action this AM
09:56 am Mathew Waterfall : IRAQ IS RAISING OIL EXPORTS, NOT CUTTING — SOMO SHIPPING DOCUMENT: DOW JONES
09:59 am Mathew Waterfall : FANG on th move. $AAPL and $FB moving north with $NFLX lagging
10:01 am Ronny D : Short $JPM
10:02 am Curtis M : Crude bulls have it over support
10:12 am MarketMaven M : Nice buys in CL
10:14 am Mathew Waterfall : Whoever had the $VRX long be careful. It looks pretty weak here and from now until the end of the year it’s a prime tax loss sell candidate
10:16 am Mathew Waterfall : $JPM and $GC trying to go green. $BAC already there. Rate hike already baked in but these might get an extra little pop off of the hike news
10:18 am Curtis M : $BAC Im sure I got wacked on Fed day last year too – cant recall who else brought that up
10:21 am Curtis M : EPIC target looking good for price and time predict for 10:30 AM today – in target zone
10:31 am Mathew Waterfall : $AKS and $CLF ripping. If you followed me in you can take small gains here, I’m holding but will consider dumping half of my position if they double to cover costs and let the rest ride free
10:54 am Curtis M : Sorry guys was just doing some high fives in the lab there
10:55 am Curtis M : So oil is bullish
10:56 am Curtis M : As long as oil holds the support lines (yellow) the next targets are up
10:57 am Curtis M : Keeop in mind Friday targets are less predictive than Tues and Wed but they are good too like 85%
11:02 am Carol B : Unbelievable EPIC call guys
11:03 am Curtis M : Epic the Oil Algo is my buddy lfor sure. Called that target to the penny and second.
11:23 am Mathew Waterfall : $FANG getting beat on here a bit. Still holding the $AAPL calls small position high R/R if it can fill that gap to the 118’s. $TSLA also looks interesting but calls are a little high with only 2 day sleft in the week here
11:24 am Curtis M : Sorry guys back – quick call there
11:25 am Mathew Waterfall : Casinos also looking lively here. They should get some mojo back shortly IMO
11:26 am Sammy T : I like the casinos but waiting until Fed too – we should all go on early lunch soon n come back for Fed
11:26 am Curtis M : Not a bad idea lol
11:27 am Mathew Waterfall : I debated sleeping in today thinking the morning would be slow. I was right but didn’t sleep in. I think you’re on to something Sammy
11:28 am Curtis M : Ya u guys arre prob right Ill be in lab anyway so Ill be 10 feet from monitors f anything shakes
11:28 am OILKING K : Will be quiet until after Fed for sure
11:48 am Mathew Waterfall : $ON continued call sweeps into this weakness. Interesting as it broke my chart levels, retraced, and is still getting big buys all morning
11:49 am Carol B : CL looks strong
11:52 am Mathew Waterfall : $CLF $AKS strong. Also looks like I should have taken those $TSLA calls
11:53 am Curtis M : Fed might decide $TSLA direction
11:54 am Mathew Waterfall : I just hate trading that stock, so manipulated it’s not even funny
11:55 am Mathew Waterfall : Because I am scared I am putting a stop on the rest of my $LVS Dec30 60c’s. Currently trading.8, stop at my buy which was .53
11:55 am Mathew Waterfall : Already rolled the $MGM to take profit and sold against the $WYNN for those keeping track so not as worried about those positions
12:09 pm Mathew Waterfall : More $CLF sweepers coming through. Also seeing some $IWM play betting on a strong bounce post fed
12:13 pm Curtis M : Long $UWT
12:13 pm Mathew Waterfall : Not sure if or when we will get there but orders in on $AKS and $CLF calls. Selling half of both at the double mark to keep the other half of each for a longer term play
12:25 pm Mathew Waterfall : $LVS stopped raised a dime to .63. Will let this play out, but want to make sure I get some profits so likely last raise until stock hits 59.5-60
12:41 pm darni t : I’d like to follow you on that UWT long but I am going to wait for Fed
12:41 pm Curtis M : Ya I get it. Im in small. Waiting too.
01:00 pm Mathew Waterfall : $LVS approaching 2 bagger. 1.015 flasshing from .53 entry. Not a horrible time to step off the ride but I am greedy and let my winners run
01:01 pm Mathew Waterfall : What I’m watching in $AKS http://tos.mx/cqcKoF
01:14 pm Mathew Waterfall : $LVS stop raise again. If we can hit the 59.5 monday premarkey high today, I’ll likely lock and sell. If not I’ll let it keep working as I think all of the casinos will see their Friday highs here before too long
01:17 pm OILKING K : I think market going to fly high soon. Very soon.
01:22 pm Mathew Waterfall : I hope you’re right OKK. Also, if you guys are looking at set ups post them up. Or if you think we can help break down a chart or something we can work on that as well
01:23 pm Sammy T : Thanks Matt!
01:23 pm Mathew Waterfall : Shoot me a PM if you don’t want to post it here for some reason
01:23 pm Michael P : i will prepare some stuff this week for you to look at Matt
01:23 pm Mathew Waterfall : Sounds good
01:36 pm Mathew Waterfall : Out half $AKS Dec23 11’s. .41 from .23. Sold a bit earlier than planned but IV just cranked on these guys so I took to opportunity. Will hold the other half. Sticking to plan on $CLF as I have more time there with the Jan17 12c’s
01:39 pm Mathew Waterfall : Have an open order to sell half of those $CLF calls for .45 for anyone wondering. Again, not saying we get there but some of these fed decisions envoke a kneejerk reaction
01:42 pm Curtis M : Huge internet outages in our area right now – its fibre too
01:44 pm OILKING K : Ya it seemed to freeze on my end here
01:46 pm Carol B : Yellen show time soon.
01:46 pm stockman H : Looking long $SMRT right after Yellen
01:54 pm Curtis M : Yellen might just try and throw Trump under bus:)
01:58 pm Mathew Waterfall : I love the fed frontrunning. LEt’s see how excited the boys are today
01:58 pm Curtis M : lol
01:58 pm Mathew Waterfall : $VIX smash
02:04 pm Edward Johansson : why is the market going the opposite of the rake hike?
02:05 pm Edward Johansson : or is that just normal bouncing around?
02:05 pm Curtis M : Offside money
02:06 pm Curtis M : Institutions have to hold in to 2017 retail can cause some downdraft but not for long IMO
02:06 pm Mathew Waterfall : Yepp plus you always see big swings as people bet both sides
02:06 pm Curtis M : yup
02:06 pm Mathew Waterfall : 3 projected in 2017. Stupid if they do, they projected 4 last year though and we got 1 so who knows
02:08 pm Curtis M : Matt – u have chart on your screen? Were getting hammered by internet outages
02:08 pm Mathew Waterfall : $MPEL Dec 23 18.5’s. Sweepers all over this earlier with nice price action. Filled at .3 small position to start will add if it gets some juice
02:09 pm Mathew Waterfall : I can share mine hold on
02:12 pm Curtis M : Wierd – oh well it may go in and out all afternoon
02:13 pm Mathew Waterfall : Let me know if you want to switch to my front screen. I had to install the screen sharing program but it looks like Im set up
02:14 pm stockman H : I will be buying this dip – not sure when but I am buying it
02:14 pm Curtis M : not much of a dp yet
02:15 pm Mathew Waterfall : Covered those $WYNN Dec23 102c’s that I sold against my 100’s. Covered at .25 from .49. Will resell another set if $wynn gets a pop as I expect
02:32 pm Mathew Waterfall : $AAPL handling this well. $IWM taking it on the chin here pretty hard
02:35 pm Carol B : I will be on long side of this soon I think
02:41 pm Mathew Waterfall : Added $AKS Dec30 11c’s at .42 for a bounce to preFOMC levels. Will watch this and cut if it doesn’t get going
02:42 pm Curtis M : Long $UWT scaling another 1000
02:42 pm Curtis M : 300 prior – small entries yet
03:11 pm Mathew Waterfall : Out of second $AKS position. Will revisit after this flush. Think the maket keeps grinding higher from here but I don’t want to sit through the pain. Still holding half of original position after selling half this AM preFOMC
03:14 pm Curtis M : I thought $WYNN would do better
03:18 pm Mathew Waterfall : Same here. I don’t think it’s over for the casinos but if the market is selling off they will go along as well
03:19 pm Curtis M : I still dont think the market or oil going far – rubber band coming next 3 trading days at most IMO
03:19 pm Mathew Waterfall : Agreed. Everything still looks mostly constructive
03:20 pm Curtis M : This aint last year totally different
03:20 pm Mathew Waterfall : Most were looking for a reason to sell off. Should snap back and I would bet on another all time high before xmas
03:21 pm Curtis M : yup
03:21 pm Mathew Waterfall : $IWM Dec23 138.5c’s at .32 for the snap. Putting my money where my mouth is after it just got kicked
03:38 pm Mathew Waterfall : Big $TICK’s coming through here and $VIX slam.
03:51 pm Mathew Waterfall : And now huge $TICKs to the downside. I’m sleeping on all of my positions. Snapback still in play IMO
03:51 pm Curtis M : yup
03:56 pm Curtis M : Well I am in $UWT hold overnight if more downdraft over nnight I wll hit it again soon – Have a great night guys and gals!
03:56 pm Carol B : you too curt
03:56 pm Mathew Waterfall : See ya in the AM guys
03:57 pm darni t : thanks for the good work Matt and Curtis

You can follow along with public calls our algorithms post on Twitter here:

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

 

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GLD $GDX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USOIL $WTIC $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500

14
Dec 2016

Pre-Market Newsletter Wed Dec 14 $VCEL $AKAO $SPY $VIX $SLV $UGAZ $VIX $USOIL $WTIC $GLD $GDX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Wednesday Dec 14, 2016 in Chatroom. $VCEL, $AKAO, $ADMP, $CETX, $NG_F, $SILVER, $SLV, $SL_F, $VIX, $UVXY $TVIX, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY … more.

Welcome to the morning Wall Street trading day session!

Important Notices:

Fed speak Wed 2:00 PM EST.

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

$VCEL News:Administration (FDA) has approved MACI® (autologous cultured chondrocytes on porcine collagen membrane)

U.S. and Macau sign anti-tax evasion pact #premarket $WYNMF $WYNMY $SCHYY $SCHYF

Gold $GLD and Miners $GDX may get a pop here with the Fed (and of course Silver in same boat). But there is the lingering bottom of the quadrant at 1133 from our Gold algo probability – so stay tight on it. $USD/JPY is off a bit in morning trade but it is also at a critical support so be careful!

$VIX as I have been saying for a few days is on watch with me around Fed ($XIV).

$NATGAS $NG_F has come off some from important resistance and yesterday lost the support I was watching. Now watching 3.34 support for action there.

$SPY hit the resistance zone I alerted in yesterday’s premarket, came off, got steam popped above it and then yesterday struggled at the resistance I alerted and through the night struggled with that 277.80 area of resistance.

$VIX – volatility I called almost to the minute Monday and again yesterday and didn’t capitalize on it – $VIX should get some spiking today also. So I am watching close $TVIX $UVXY.

Crude oil hit its algo target at 4:30 Tuesday after market close and at time of writing at 643 AM price is on its way toward the Wed 1030 AM targets. There are indicators turning intra bearish in the upward trending channel.

And that brings me to momo stocks and rotation therein, looks like we continue with huge opportunities there also!

If you are new to our trading service you should review recent blog posts and at minimum of 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. And you will notice quickly that the algos have been undeniably accurate on many time-rames (intra-day 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). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), 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 ans 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: $VCEL $OMAM $DWT $JNUG $SCO $LYG $ERY $MTL $NUGT $MDLZ $NVDA $SLV $DGAZ $BTI $STM $GDX $IAU 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: $AKAO (momentum Monday and Tuesday), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(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: $FOXA $HEOP $KR $SAGE $IRE $NVDA $VVC $NI $RRGB $DV $FFIV $ATHM $SEAS $AKAM $PX $MRO $USM $KLAC $NLSN I will update before market open of refer to chat room notices.

(6) Downgrades:$QCOM $PRTO $UHS $BRKR $FNBC $ARAY $AIRG $OLP $KALU $FPI $ICFI $ZAYO $AHH  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.

Regular Trades:

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

Outlook:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who know?

As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

$SPY, Chart, Member, Alert

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

Outlook: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV and then again Monday and Tuesday $SPY and $VIX had a run at the same time!

I had alerted this and it is an indicator of offside plays at times (I don’t think it is here however).

Per yesterday:

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

I WOULD PREPARE FOR A POP IN VOLATILITY BETWEEN NOW AND WEDNESDAY AFTERNOON and even perhaps in to next week Tuesday.

CNN Fear and Greed Index: http://money.cnn.com/data/fear-and-greed/

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

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

BE VERY CAREFUL LISTING TO THE $USD/JPY bears – they have been feeding missery to followers for many weeks – the chart is not broke – price is currently at support and there could easily be another leg up – nobody knows but the trend is your friend!

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

My Trading Plan for Gold: Short term there could be a pretty good pop around the Fed, but I don’t expect it would last. It could pop to the top of the algo quadrant but I don’t think it would run past – NOT YET ANYWAY. So who know’s I may play a short term scenario – Fed / market reaction dependent.

Per yesterday:

I am waiting for the trend reversal. We are very close to the price target at the bottom of that quadrant at 1133.00 ish. The initial wide frame target Rosie the algo nailed but there has been a wait and see for a reversal because of one more possible leg down. Getting very close IMO.

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely. The idea is to get on the right side of the trade and trend.

Other equities I like for Gold Trade: $AUMN (penny stock). When the trend reversal confirms I will post all the Gold equity picks here.

Silver $SI_F: $SLV ($USLV, $DSLV)

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

My Plan for Trading Silver:

Per previous;

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

Other equities I like for Silver trade: $AUMN (penny stock). Same here, when trend reversal occurs I will post equity picks here.

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

Outlook:

Per yesterday:

Crude oil is trading within and respecting the main support and resistance areas of its upward channel. I am trading the support and resistance margins – I will consider shortside at the top of the channel or resistance and long at the bottom of the channel.

Crude has it its algo targets crazy consistently for weeks. Had I played oil the way EPIC laid out the plays I would be retired 3 x over now. Overnight the downdraft continued. Yesterday at 4:30 the target hit and it looks like algo targets for Wednesday 10:30 AM are in play on the chart. There are concerning indicators that could cause crude to visit the bottom of the upward trending channel – so I am watching close at the critical supports. Also waiting for Fed speak market reactions.

Trading Plan: Waiting.

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 $NG_F $NATGAS ($UGAZ, $DGAZ):

Per yesterday:

Hit resistance as I thought and alerted.

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

ON WATCH!!! This could get a considerable pop in to late Wednesday and even as far as in to late Monday next week is possible!!!

Natural gas lost that Fib support yesterday so now I am watching lower supports. I still think there is a possibility for a pop just after Fed speak!

Study:

Now that a number of blog posts are being unlocked, it wouldn’t be a bad idea for traders to review them (especially new traders).

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article, “Why our Stock Algorithms are Different.”

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 (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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

14
Dec 2016
$SPY, Chart, Member, Alert

Post Market Tues Dec 13 $OPGN, $BOSC, $AKAO $MDGS $NVCN $UGAZ $SPY $VIX, $GLD, $GDX $USOIL $WTIC

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Tuesday Dec 13 –

Post Market Tues Dec 13 $OPGN, $BOSC, $AKAO $MDGS $NVCN $UGAZ $SPY $VIX, $GLD, $GDX $USOIL $WTIC

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Tuesday Dec 13 – $OPGN, $BOSC, $AKAO $MDGS $NVCN $APRI $IDXG $UGAZ $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F 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.

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.

Notices:

Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

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

$SPY: The S&P 500 Algorithm is starting to fire on all cylinders too (which is good – its 5th in development process so its newer than others).

From my post market report yesterday,

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition.

I followed up with a warning in the member’s premarket with specific area of challenge in $SPY chart

227.80 looks fun. Caution overhead guys and gals. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

Put out a public tweet premarket about the specific area to watch with $SPY,

Price action on $SPY struggled with that area all day and remains a challenge in overnight:

Alert to Member Premarket Newsletter here that grey box above 227.80 daliy resistance challenge. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

$SPY, Chart, Member, Alert

From Yesterday Post Market Report:

Still watching $VIX close – there was a small play there today I called to the second but didn’t execute. And Gold and Silver I’m still waiting on a long confirmation from our algos – they called this price target from months ago that we are in now so I’ll trust their math on my long entries. The $USD/JPY chart (and our $DXY algo) still says not broken – at resistance, but not broken so I’m waiting on $GC_F $GLD Gold. And crude oil, our algo was firing off an intra short early in market open but I didn’t take that and waited for long position at support which didn’t hit until market end so I’m watching over night – may get a buy trigger there Tuesday. I will be watching fervently $AKAO and sympathy plays tomorrow ($APRI, $OPGN) and any other momentum stocks.

Pretty much all of that played out… I alerted in our member premarket newsletter that $VIX would rise intra-day Tuesday and it did elevate while $SPY did – I actually alerted members to watch for that exact thing to happen. So our $VIX algorithm (last in line of the six) is firing on every cylinder now too!

Our Gold and Silver algorithms have said wait on a buy because of the 90% chance of Gold going to lower quadrant (you’d have to see our Gold algo Twitter to get the whole story – but the calls have been in place for months while many were bullish on Gold prior to election in Summer and Fall 2016)… anyway so Gold did deflate more as called – so yes, Gold and Silver algos hitting perfect too. These are exact price calls BTW. And the $DXY algo has been nailing it.

So that leaves our inaugural algo EPIC! Epic the Oil Algo calls price and time for every Tuesday at 4:30, Wednesday at 10:30 and Friday at 1:00 (and much more than those calls) the week prior in his newsletter oil reports the week prior so that traders can plan their trades etc. Anyway… the Tuesday at 4:30 price and time target zone was hit yet once again! He’s firing at 93.3% call win rate (all published in advance like all over our algos).

Here’s the target zone hit for EPIC – not a perfect hit like many as it was off by a few cents – but it did hit the target zone and was of course a very tread-able alert from the week prior to members considering his calls are for an exact time and an exact price for the next week. And the oher target hits he nailed this week are on the chart below also. He’s on fire to say the least.

EPIC, OIL, ALGO, $USOIL, $CL_F, $USO

Tues 430 PM Algo Target Predict from last week HIT! Not perfect but in target zone. Crude algo intra work sheet 1257 AM Dec 14 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

Here’s the live chart on Trading View. https://www.tradingview.com/chart/USOIL/BSJVKGTD-Tues-430PM-Target-Hit-Predict-from-last-wk-Crude-algo-intra/

Tues 430PM Target Hit! Predict from last wk! Crude algo intra by curtmelonopoly on TradingView.com

Traded $OPGN for a gain on 3 scalps (one I didn’t post in room – it can be busy at my command desk when you’re in and out trades so I call them out on audio alert broadcast too) and then gave it all back and then some on a stupid trade decision.

Also traded $BOSC for a gain late day – the scanners we I have are getting dialed in real precise – I was in that play real early and got out on the pop and then I think it faded before close.

Mathew has BEEN NAILING his trades and his alerts in the room have been awesome. He’ll be in the broadcasting daily here soon with me alerting his trades too and posting results and a pre market watch list on blog soon also.

Primary Lessons That May Help You With Your Trades:

Really messed up an $OPGN trade – held in a back wash because I thought I’d just hit it 2 or 3x on a bounce – but the bounce didn’t come. This is risky and unless you are using a larger account and you can have these go bad 50 % of the time I WOULD NOT RECOMMEND DOING IT.

My $BOSC trade was entirely enabled from having really tuned in scanners that I can alert the room with.

Again, Mathew would have a book full of lessons with his trades lately (lots for folks to learn there) so it will be nice to have him on audio broadcasting in the room and I look forward to his watchlists and blog posts.

Looking Forward:

It’s Fed day – WE HAVE A TONNE OF PLAYS READY ON THE OTHER SIDE OF THE FED MOVE SO I AM PUMPED. The algos have set us up perfect for the inflection point. Pumped.

Announcements in Trading Room:

08:54 am Curtis M : Watching: $AKAO $NVCN $APRI $IDXG $DSLV $VIX $UGAZ $UWT

09:09 am Curtis M : $AKAO $NVCN $APRI $IDXG $DSLV $VIX $UGAZ $UWT

We have groups split in different rooms. – we are fault testing rooms. If you are moved you will see same chart and announcements. We are preparing for official launch Jan 1 for multiple lead traders and media programs that start then.

11:15 am Curtis M : Back at 1145 EST From Lunch for afternoon session

03:41 pm Curtis M : Have a great night peeps!!! I\’m over and out. I\’ll leave room open till 4PM.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

08:54 am manish kant : GM ALL
09:02 am David Z : morning manish!
09:03 am Curtis M : morning!
09:03 am manish kant : Good Morning David
09:03 am manish kant : Good Morning Curtis
09:14 am Curtis M : Active $XOP $AKAO $ARI $ETRM $IDXG $BAC $UCO $SPY $USO $NVCN
09:22 am John M : $AKAO and $NVCN my watches
09:22 am Curtis M : Oil holding up well we’ll see how it handles open
09:24 am Curtis M : At market open I will focus on momentum stocks and then move to OIL, SPY, GOLD, VIX, SILVER, NAT GAS
09:28 am Mathew Waterfall : Actually ended up getting our of my golden boy $APRI after close yesterday at 2.02. Back in this AM at 1.78 for another run with a close eye on it for a pullback
09:32 am Mathew Waterfall : Trimming some $WYNN here. Out of Dec30 100c’s at 1..21 from .7. This has more to run IMO but was heavy and want to take some profits
09:33 am Mathew Waterfall : Als out majority of my JBLU weekly 22’s at .85 from .35 entry yesterday
09:37 am Curtis M : $NVCN could be the big one today over 3.40
09:37 am Mathew Waterfall : Out half $LVS Dec30 60c’s at .66 from .53. I was looking for more here so keeping some but it hit my fib target so I am going to plan and trimming.
09:40 am David Z : I banked $OPGN a few times this morning watching for HOD break now
09:45 am Mathew Waterfall : I have a stop at 1.45 on $APRI while I go about other trades. Agrees that it doesn’t look very condtructive as of yet
09:46 am Curtis M : Long 2.49 3000 shares tight $OPGN
09:48 am Curtis M : Out $OPGN 2.69 3000
09:48 am Mathew Waterfall : Trailer on rest of $JBLU options for the rest of this run up. If anyone followed me into that I would say keep in tight as they are already ITM
09:49 am Curtis M : Long 2.80 $OPGN tight
09:50 am Curtis M : Out $OPGN 2.80 flat
09:56 am Curtis M : Long $OPGN 2.99 300
10:08 am Curtis M : Scaling $OPGN in 3000
10:08 am Mathew Waterfall : Out the rest of my $JBLU calls at 1.05 from .35. Could see more later in the week but I’ll take a 3 bagger any day
10:11 am Mathew Waterfall : Also keeping things a bit small and tight here into the trail end of this rally and the Fed.
10:21 am Curtis M : Out $OPGEN for loss –
10:23 am Curtis M : Out 2.16 fill
10:38 am Mathew Waterfall : Oxymoron if I have ever heard one right there lol
10:38 am Mathew Waterfall : But hey we all do it
10:39 am Curtis M : Disciplined Revenge Trader is my new handle lol
10:39 am Mathew Waterfall : lol
10:40 am Mathew Waterfall : Watching $CTXS for possible swing short. Name has continued to make incremental highs only to break down. I like it short here vs. 91 or so. Will watchand post if I enter
10:43 am Curtis M : So I’m going long oil at bottom near target if support holds because my other weekly targets are north of that price
10:43 am Curtis M : I am also going long $UGAZ sometime between now and Thur if it plays out right
10:44 am Mathew Waterfall : Short $CTXS 90.50 with 91 stop. Will add if it pick up speed to the downside here. This is a common stock swing play for me
10:44 am David Z : $UGAZ will run soon
10:45 am Curtis M : I am also looking for a long Gold play closer to 1133
10:45 am Curtis M : All 3 plays if they break its a 4 to 1 RR
10:47 am Mathew Waterfall : Rolled my $MGM Dec30 30c’s to 31’s for a .4 credit. Wanted to take some gains and get a higher strike as I was already ITM on those meaning they won’t have much of a delta and thus won’t accelerate as quickly as a higher strike should it keep moving north
10:56 am OilQ K : I’m in $TSLA its just sector rotation
10:56 am OilQ K : Looked at $MSFT but didn’t go
10:57 am Drew M : Curt Im surprised u didnt go tech you had it on watch
10:57 am Mathew Waterfall : Stop hit in $CTXS. Small loss will keep an eye on it for a future play. Market is way to strong to try to force a short
10:58 am Curtis M : At least it was small lol unlike someone else today – mind yo uit was a small position for my swing account
10:58 am Mathew Waterfall : In this game they can’t all be winners
10:59 am David Z : I never thought Curt lost serious watch him slice for a yr
11:00 am Curtis M : Scanning
11:00 am Curtis M : Oh I lose but not often do I let losses go
11:09 am Curtis M : Going to take an early lunch and then come back and be revenge trader
11:10 am Curtis M : Back at 1145 EST
11:10 am John M : good plan me 2
11:12 am OILK K : I like Gold here
11:27 am Curtis M : If I remember right last year this time the Fed raised $BAC tanked
11:31 am Sonny H : Long $INVE 1/3 here
11:31 am Sonny H : Looking at $IDN
11:33 am Curtis M : Theres that divergence in the $VIX I wrote about in the premarket newsletters last few days
11:33 am Curtis M : Back in 10
11:35 am Mathew Waterfall : Mostly babysitting and taking some gains today before the fed tomorrow. Market feels like it just wants to keep on keeping on here so it’s tough to try to take a contrarian view. Most size sweepers I am seeing are still bullish with some puts coming in materials AKS and X. NUGT also seeing some bearish flow looking for some more gold weakness
11:36 am Curtis M : Agree
11:42 am Jack D : I am taking profits on $MSFT I dont trust Fed talk
11:43 am Curtis M : Back
11:43 am Mathew Waterfall : $WYNN chewing through 94 would be great. I’m aiming for 61.8 fib at 96.35 if anyone is along for the ride and wants levels
11:48 am Curtis M : 98.20 would be PT on $WYNN
11:48 am Curtis M : Might take a while – u may need the 200 MA under it for that
11:49 am Mathew Waterfall : Agrred. I think it gets there, but I’m holding dec 23 100’s so I need it to move this week and get out.
11:50 am Mathew Waterfall : $MSFT also seeing more flow ehre out into the spring strikes.
11:52 am Curtis M : Possible
12:02 pm Curtis M : Casinos coming here I think
12:06 pm Curtis M : $WYNN looks good
12:06 pm Mathew Waterfall : Sold some $WYNN Dec23 102c’s against my 100’s that I have left. This is a good way to lock in some gains. Either they both keep going up, or if $WYNN pulls back i cover the short calls for a gain
12:07 pm Mathew Waterfall : Yes it does limit your gains to the upside should WYNN go to 102+ by expiration, but it also limits potential losses
12:08 pm Curtis M : Makes sense
12:08 pm Mathew Waterfall : I had my eye on this move earlier and was waiting on the 102’s to juice a bit before I sold them
12:14 pm Curtis M : $INVE looks like its working
12:16 pm Curtis M : History
12:17 pm Curtis M : $VIX is holding too
12:20 pm Curtis M : $TKAI on scanner for anyone interested
12:21 pm Mathew Waterfall : That stock has been on my watchlist ever sense I played it from the mid .80’s. It seems to run up into the 1.10-1.20 level then sell off every week or two
12:21 pm Mathew Waterfall : $TKAI that is
12:21 pm Mathew Waterfall : Watching $AQXP for a swing as well
12:27 pm Mathew Waterfall : $CLF Jan20 12c’s. This had a huge run, now pulling back a bit. X is seeing some nice in flows late in the day. $CLF could see a bit more downside to the 78.6 at 8.82 but this is a buy and forget play for me
12:27 pm Mathew Waterfall : Bought those $CLF Jan20 12c’s @.2
12:27 pm Mathew Waterfall : Starter and will add against 8.82 if it gets there
12:28 pm MarketMaven M : $X bottomed imo
12:32 pm Mathew Waterfall : We’ll see with $X. I threw an extension from the yearly low to previous yearly high at 27.64 and the 161.8 gets us to 40.92 which wouldn’t be out of the question by the end of the year. It has more than double though in the last 45 days so it’s come a long way
12:37 pm Curtis M : quiet scanners
12:39 pm Mathew Waterfall : I am most likely going to sit on my hands for the rst of the day. Most set ups I see feel like I’m forcing trades, and I tend to lose money when I do that
12:39 pm Curtis M : I need 1 revenge trade just 1
12:42 pm Curtis M : Oil on the move
12:43 pm Mathew Waterfall : Some of those small caps could squeezse if oil cooperates. $ORIG and $SDRL both pulling back. $ATW, $TDW, $EPE etc all strong
01:05 pm Curtis M : Crude pushing
01:16 pm Mathew Waterfall : Hate chasing but like the look of $AKS here. Got over the 10 day on the daily. In some Dec23 11c’s @.23. Starting small here like CLF will add more if it gets going. Short timeline so if it doesn’t accelerate these go south
01:20 pm Mathew Waterfall : Jesus $SPY! Can’t spot won’t stop
01:22 pm Curtis M : Implied volatllty hanging in there
01:23 pm Curtis M : I had a feeling that was going to happen here
01:24 pm Greg L : I profited off that call curt!!! u should have come
01:24 pm Mathew Waterfall : I think the $VIX goes up a bit or at least hangs around 13. There should be a lot of protection being bought into the end of the year and early 2017 which would keep that high
01:24 pm Curtis M : Good stuff Greg!
01:24 pm Mathew Waterfall : I don’t like playing the $VIX directly though more as a tool to tell me how to play other things
01:26 pm Curtis M : Pit close 1 hour
01:26 pm Curtis M : Rising wedge in crude
01:34 pm Curtis M : My scanners havent been this quiet in months
01:36 pm Carol B : Man you called that one clean Curtis $VIX and $SPY
01:44 pm Curtis M : $GALE on the move
01:48 pm Cara R : Going long som3 $XLV starter
01:48 pm Mathew Waterfall : $FRO popped up on my scanns. Cup/handle look on 20 day. Swing against LOD looks decent. Again it feels like I’m reaching here just looking for something to trade
01:49 pm Curtis M : One good kill for me pls
01:58 pm Curtis M : Long $BOSC starter scaling 3000
01:59 pm Curtis M : 2.164 avg
02:00 pm Curtis M : Scaling 3000 more
02:04 pm Curtis M : Sorry a little internet spike or something there
02:04 pm Curtis M : We might squeeze em here
02:07 pm Curtis M : I feel there pain I really do
02:13 pm Curtis M : Chipping out small profit
02:13 pm Curtis M : Likely renter
02:21 pm Mathew Waterfall : $AKAO is just crazy. Even after their offering news post market, this thing is still running. Went right by my 14 target and looks like it might se 16’s today
02:26 pm Curtis M : If CL sell off here we may get a good buy down at support
02:36 pm John M : Odd. $AKAO
02:39 pm Curtis M : Anybody that went long $AKAO on the 20 has won so far
02:43 pm Mathew Waterfall : $CRBP jiggy. Hit for a small starter against 7.75 or so. Plan to add more on retest if we see a pullback
02:44 pm Drew M : $AKAO may never stop.
02:51 pm Curtis M : This is resistance on $SPY 227.80 227.96 – it pops and it could be gone for a while.
02:57 pm Mathew Waterfall : Small add $CRBP at 8.07. Tight stop on this at 8.75. Risky play as these things will gap overnight so keeping it small for a swing
03:07 pm Curtis M : Leaderboard $USEG 69% $GLF 25% $AKAO 21% $INVE 16% $DTRM 14%
03:11 pm Greg L : Laughing my ass off from your post this morning about 227.80 area being interesting on Twitter and guess where weve stalled. Spooky.
03:11 pm Curtis M : lol
03:18 pm Mathew Waterfall : Well I guess it’s an early day today. Holding into the fed as tomorrow morning should also be fairly calm. Will hang out but unlikely to do much. Have a good night all
03:19 pm Curtis M : yup
03:20 pm Curtis M : Thanks for the calls Mathew!
03:20 pm OilQ K : Ya Mat!
03:20 pm Mathew Waterfall : Hope some people followed along on the casinos and $JBLU which killed it. If not, there will be more that’s for sure
03:21 pm Curtis M : I know for sure 3 did cause they DM’s me:)
03:21 pm Mathew Waterfall : Perfect. Love helping other people make $$$
03:21 pm Jack D : Thanks Mathew!
03:28 pm Cara R : Yes Thank you guys
03:48 pm Mathew Waterfall : $ADMP squeeze into the close.
03:50 pm Mathew Waterfall : Nice volume there as well. Somehow I’m holding a few shares here
03:51 pm John M : good action
03:51 pm Mathew Waterfall : I got lucky. Bought when it looked liek a breakout over $3 about amonth ago and never hit my stop. Small position but nice to finally get in the black lol. Better to be lucky than good sometimes
03:51 pm Curtis M : lol
04:00 pm Curtis M : Good night all.

You can follow along with public calls our algorithms post on Twitter here:

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

 

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $OPGN, $BOSC, $AKAO $MDGS $NVCN $APRI $IDXG $UGAZ $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F

13
Dec 2016
Natural Gas, $UGAZ, $DGAZ, $NG_F

Pre-Market Newsletter Tuesday Dec 13 $NVCN, $RGSE, $ORIG, $UWT, $AKAO $APRI $OPGN $SLV $NG_F $VIX $UVXY $TVIX $USOIL $WTIC $GLD $GDX …

My Stock Trading Plan for Tuesday Dec 13, 2016 in Chatroom. $NVCN, $RGSE, $ORIG, $SDRL, $OPHT, $UWT, $AKAO,

Pre-Market Newsletter Tuesday Dec 13 $NVCN, $RGSE, $ORIG, $UWT, $AKAO $APRI $OPGN $SLV $NG_F $VIX $UVXY $TVIX $USOIL $WTIC $GLD $GDX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Tuesday Dec 13, 2016 in Chatroom. $NVCN, $RGSE, $ORIG, $SDRL, $OPHT, $UWT, $AKAO, $APRI, $OPGN, $NG_F, $SILVER, $SLV, $SL_F, $VIX, $UVXY $TVIX, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY … more.

Welcome to the Tuesday morning Wall Street trading day session!

Important Notices:

Fed speak Wed 2:00 PM EST.

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Oil meetings happened and we have a new break out!

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

Watching $AKAO from yesterday’s premarket watchlist and trades executed yesterday – $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin and possible sympathy plays $APRI $OPGN.

Dips on $GOLD $GLD are NOT being bought now vs.selling the rips (so this by default plays in to $SILVER). The Trump train / reflation train. Watching $USD/JPY. Hoping we can get an inflection here to get in to a long position and start scaling in (one final dump in it and $SPY etc but likely to early yet). $USD/JPY is in a resistance area but the chart is far from broken so be careful Gold bulls!

$NATGAS $NG_F has come off some from important resistance and is NOW AT AN IMPORTANT SUPPORT – ON WATCH HERE!!! See chart below.

$SPY has continued its upward trend. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally etc). Very likely markets take a rest around Fed speak Wed 2:00 PM EST.

$VIX – volatility I called almost to the minute yesterday and $VIX hould get some spiking today and Wednesday. So I am watching close $TVIX $UVXY.

Crude Oil is trading upward in its trading range overnight – if this continues there is a high probability small cap equites pop Tuesday morning!!!

And that brings me to momo stocks and rotation therein, looks like we continue with huge opportunities there also!

If you are new to our trading service you should review recent blog posts and at minimum of 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. And you will notice quickly that they have been undeniably accurate on many time-rames (intra-day 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). A quick hour of review at most will bring you  up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), 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 ans 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: $NVCN $RGSE $APR $ORIG $SDRL $OPHT $UWT $NE $SBGL $UCO $CHK $DB $LVS $SSL $SHPG $ESV 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: $AKAO (momentum Monday) and sympathy plays $APRI $OPGN, $HMY (chart), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(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: $CE $CIB $ERF $UN $FRT $HR $MOH $CNC $BVN $HCP $SEAS $CPT $ABTX $CBS $MAA $EMR  I will update before market open of refer to chat room notices.

(6) Downgrades: $MPW $SNH $HCN $PPG $ALXN $BMS $BWLD $SWK $OKE $LFUS $DVA $GNC $STC $WAC $GRFS $CBL $KRG $BRX $AKR $GTLS $MRO $ECPG $DEI $DDR 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.

Regular Trades:

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

Outlook: Hasn’t stopped – but the Fed is coming so you want to watch. As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

227.80 looks fun. Caution overhead guys and gals. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

S&P 500 $SPY, $ES_F, $SPXL, $SPXS

227.80 looks fun. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

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

Outlook: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV – ON HGH WATCH NOW.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

I WOULD PREPARE FOR A POP IN VOLATILITY BETWEEN NOW AND WEDNESDAY AFTERNOON and even perhaps in to next week Tuesday.

CNN Fear and Greed Index: http://money.cnn.com/data/fear-and-greed/

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

Got $VIX? $UVXY $TVIX $XIV

$VIX, Volatility Index, Chart

Got $VIX $UVXY $TVIX $XIV

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

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

My Trading Plan for Gold: I am waiting for the trend reversal. We are very close to the price target at the bottom of that quadrant at 1133.00 ish. The initial wide frame target Rosie the algo nailed but there has been a wait and see for a reversal because of one more possible leg down. Getting very close IMO.

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely. The idea is to get on the right side of the trade and trend.

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

Getting closer to 1133.00 our algo had 90% probability on. Gold algo intra work sheet 559 AM Dec 13 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Gold, Algorithm, Chart

Getting closer to 1133.00 our algo had 90% probability on. Gold algo intra work sheet 559 AM Dec 13 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Silver $SI_F: $SLV ($USLV, $DSLV)

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

My Plan for Trading Silver:

Per previous;

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

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

Chart, 200 MA, Silver, $SL_F $SLV $USLV, $DSLV

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

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

The Oil break-out came so I am looking at small cap oil per list below. I am watching the support and resistance lines close – especially the yellow ones in the chart.

Outlook: Crude oil is trading within and respecting the main support and resistance areas of its upward channel. I am trading the support and resistance margins – I will consider shortside at the top of the channel or resistance and long at the bottom of the channel. I did take a trade Monday that was riskier because it was midrange and at a weak support but I had the algo on my side – mapped it out in advance – crude followed the plan so I took the trade in $UCO and it worked. Small scalp.

At the end of Monday the price was left right at a support level (a fibonacci support just above a trendline support) – I was going to take a long there at end of day but decided not to. I notice now in overnight trading it did hit support and has got some uplift – so I will monitor trade on Tuesday.

Trading Plan: Oil equities: Small cap oil may get some pop first thing Tuesday morning if crude is still trading in its upward channel. Positions in $UCO would be tough here.

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

crude, oil, chart, $USOIL, $WTI

Trading in upward channel respecting support and resistance. Crude oil algo intra work sheet. 513 AM Dec 13 FX $USOIL $WTIC $CL_F $UWT $DWT $USO $UCO $SCO #Oil #OOTT #algo

Natural Gas $NG_F $NATGAS ($UGAZ, $DGAZ):

Hit resistance as I thought and alerted.

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

ON WATCH!!! This could get a considerable pop in to late Wednesday and even as far as in to late Monday next week is possible!!!

Natural Gas, $UGAZ, $DGAZ, $NG_F

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

Study:

Now that a number of blog posts are being unlocked, it wouldn’t be a bad idea for traders to review them (especially new traders).

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article, “Why our Stock Algorithms are Different.”

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 (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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $AKAO, $APRI, $OPGN, $DVAX, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

13
Dec 2016
$AKAO, Momentum Stock, Chart

Post Market Mon Dec 12 $AKAO $APRI $OPGN $UCO $DUST $WMT $USOIL $WTIC $GLD $SPY $DXY $VIX…

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 12 –

Post Market Mon Dec 12 $AKAO $APRI $OPGN $UCO $DUST $WMT $USOIL $WTIC $GLD $SPY $DXY $VIX…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 12 – $AKAO, $APRI, $OPGN, $UCO, $DUST, $WMT, $XIV, $GOLD, $USDJPY, $USOIL, $SPY, $WTIC, $NATGAS, $VIX, $SILVER, 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.

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.

Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most.” If you are using our algorithms or charting it is a must read.

Notice: We are testing fault settings for multiple trading rooms in 2017. We have groups in different rooms all seeing same screen – if you’re moved don’t sweat it – it won’t affect your experience.

 

Primary Lessons That May Help Your Trades:

I should have got on the $AKAO train earlier in the day – it was on my watchlist as the number one watch but I got too distracted with a ntra-day slump in the S&P. Getting on the train earlier likely would have netted me at least ten times because I would have scaled in 1000 shares on the first, 3000 then 5000 and scaled out of 9000 shares on the way up. So it was an ideal news play that I just didn’t focus on – part of the challenge in setting up our room service too – we had a technical site host issue RIGHT WHEN THE MARKET WAS ABOUT TO OPEN ugh.

Looking Forward:

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition. Still watching $VIX close – there was a small play there today I called to the second but didn’t execute. And Gold and Silver I’m still waiting on a long confirmation from our algos – they called this price target from months ago that we are in now so I’ll trust their math on my long entries. The $USD/JPY chart (and our $DXY algo) still says not broken – at resistance, but not broken so I’m waiting on $GC_F $GLD Gold. And crude oil, our algo was firing off an intra short early in market open but I didn’t take that and waited for long position at support which didn’t hit until market end so I’m watching over night – may get a buy trigger there Tuesday. I will be watching fervently $AKAO and sympathy plays tomorrow ($APRI, $OPGN) and any other momentum stocks.

Announcements in Trading Room:

08:52 am Curtis M : (1) Pre-Market Gainers Watch-List: $AKAO, $WTI, $VNR, $SGY, $REXX $MTL $CIE $ORIG $SDRL $ATW $DNR $PACD $AVXL $UWT $DGAZ $EPE $MEMP 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: $HMY (chart), $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT, $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo / Charting Watch-List: Gold $GLD $GC_F, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SL_V ($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: $ABB $AEG $MGIC $AIG $BCR $CXW $WEB $HBI $PES $LULU $BRO $TRV $AMD $AUY $TAHO $TCP $COO $COP $UBS $T $EGHT $RNG $NVR $REGN $HBI $HOLX $DGX $FSV $GRA $FMC $TSO I will update before market open of refer to chat room notices.

(6) Downgrades: $CF $ALGT $PHG $GFI $CDNS $CMC $OPHT $IRET $MCC $KRG $EOG $MOS $DEPO $TTC $PEI $FOXA $GFI $EZPW $FLS $SYNA $WBMD $UBSH $FINL $CVS $CMC $WOR $SGEN $CERC $FUL $TMO $HUN $CC I will update before market open or refer to chat room n

09:18 am Curtis M : Website is down. Host is reparing their issue. Premarket newsletter emailed to everyone.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:04 am Curtis M : Movers: $AKAO, $ORIG, $AKRX, $AREX, $CSOD, $MCEP, $IMMU, $CRZO, $REGN, $USLV
09:11 am Gurpreet Singh : Good morning all
09:11 am Curtis M : S&P -0.04%.10-yr -0.07%.Euro +0.51% vs. dollar.Crude +3.69% to $53.41.Gold -0.06% to $1,161.40.
09:21 am Curtis M : Sartaj emailing morning newsletter right now.
09:24 am Curtis M : Gappers- $AKAO $BCEI $SGY $WTI $ORIG $VNR $PACD $MTL $SDRL $LEI $TDW $NADL $CIE $NOG $AREX $CRC $AKRX $EPE $SDLP
09:24 am Curtis M : Watching oil for pull back as close to yellow line as possible
09:30 am Curtis M : watching gappers at open
09:33 am Curtis M : Wating for pull back in oil before I take a long in small cap oil
09:34 am Mathew Waterfall : Closing out $XOM calls. here. Waiting for $SDRL calls to juice and will clsoe a portion of those as well
09:35 am Mathew Waterfall : Out some of the Dec16 4.5c’s at .35 from .1
09:38 am Mathew Waterfall : Out $SN Jan17 10c’s at .85 from .3. clearing the board a bit here
09:40 am Curtis M : Nice
09:41 am Curtis M : Leaderboard $AKAO 56% BCEI 34% $VNR 27% $ORIG 24% $NADL 23%$ PACD 19%
09:48 am Mathew Waterfall : Ask side to unload more SDRL Dec23 4.5’s at .45 from .15. I won’t chase for a fill on these
09:52 am Curtis M : $USDJPY important area IMO – looking at a snipe in miner’s if it stays under 100 MA on 15 possibly
09:58 am Curtis M : This looks like the intra battle for $USDJPY
09:58 am Curtis M : Also watching $VIX close because it should get a pop soon – within a few days
09:59 am Curtis M : This $SPY buying is gong to rest for a while soon IMO – the books are almost filled with quotas
10:00 am Curtis M : Wed mornng at latest IMO it rests
10:02 am Mathew Waterfall : Crazy open here, giving most of my positions a chance to ven out a bit. Still holding the casinos and will do so through tomorrow unless we get a big pop there for some reason
10:02 am Mathew Waterfall : *even out. Sorry on backup keyboard this AM
10:03 am Curtis M : $AKAO may be a decent short here IMO
10:06 am Curtis M : A short in $AKAO at 9.10 perfect seup
10:06 am Curtis M : Lol theres some test
10:11 am Mathew Waterfall : In some TZA dec23c’s at .34 as a hedge and play for a pullback. Small position to trade agaist witl good r/r if things juice
10:16 am GSCT . : TVIX nice move
10:20 am Curtis M : Watching $NADL for a pop
10:24 am Curtis M : Gold bugs are buying quick on $USDJPY weakness
10:26 am Mathew Waterfall : Twtr weekly puts look actractive here as wel. Watching those
10:27 am Mathew Waterfall : In some 18p’s at .06 for a lotto. Hero or zero play
10:51 am Curtis M : Retail should get a good pop here soon IMO – may take a few days… like Thur ish but between now and then per watchlist
10:51 am GSCT . : $AKAO new HOD
10:57 am Curtis M : $AKAO Could go a long ways
11:03 am GSCT . : No audio commentary today?
11:11 am Curtis M : Looking at possible Long in $DUST if $USD/JPY gets on the move and $NADL
11:18 am manish kant : greetings all
11:24 am Curtis M : Scaling in 1000 shares $DUST
11:26 am Curtis M : Welcome Manish
11:26 am manish kant : Thanks Curtis
11:27 am Curtis M : Looks like my fills will avg 53.45 on $DUST
11:30 am Curtis M : $GLF up 37% now
11:31 am Sammy T : $ORIG 20% also
11:33 am Curtis M : Leader board $AKAO $GLF $EVEP $ORIG $MTL
11:33 am manish kant : orig
11:40 am Dani M : Oil starting to look better
11:42 am Curtis M : Still defending $NADL 200 MA
11:49 am Curtis M : Long $UCO 1000 11.763 avg scale to 5000 with ex[ectation there may be one more leg down
11:50 am Mathew Waterfall : $DUST not looking so hot for the heads up
11:53 am Curtis M : Ya $DUST will be a swing past Fed
11:53 am Curtis M : My swings I look at 1000 3000 5000 share entries for example – scale on swings at supports / resistance
11:54 am Curtis M : Kiinda like $UCO right now I expect a leg down
11:54 am Curtis M : $DUST $SPY $OIL not done yet… they all gotta meet Santa lol
11:55 am Mathew Waterfall : Let’s hope so. I have some $DUST calls that need a bit of help here
11:58 am Curtis M : Oh ya $DUST has at least one more round – may be a few days tho
11:59 am Curtis M : I’m prepared for 3 – 4 weeks on that position $DUST
12:05 pm Shawn B : I like $SPY long here too soon – waiting and watching
12:09 pm Larry B : Bulls come soon – rally is on until Obama gone bye bye
12:10 pm Larry B : $VIX good call Curt
12:11 pm Curtis M : Back in 30 looks calm
12:14 pm Michael P : oil calls fresh too ha ha
12:14 pm Michael P : Mathew you in long Wallmart? Did Curt??
12:15 pm Curtis M : No I didn’t I’m in oil long and dust Michael – $Dust I might have some pain
12:15 pm Curtis M : ok bye back soon
12:16 pm Mathew Waterfall : Nope, no $WMT for me
12:19 pm Mathew Waterfall : That $WMT chart looks like it’s rangebound between fibs and could see some checkback to a quick trendline that I drew in from the yealry lows. If it can clear and firm above 71.65 then high of year would be in play
12:21 pm Mathew Waterfall : Quick 30 second chart of $WMT http://tos.mx/ziGL6s

There was a technical data glitch at this point in the log (data centre truncated log) so here forward for rest of day it is only Curtis’ comments (which is unfortunate because the afternoon session was very active):

12:32 Crude going according to plan

12:41 I like the $WMT play but yes not much upside – slow move to profit

12:46 Fed Wed 2:00 PM FYI

12:54 Looks like a market pauce is possible until after Fed Speak

12:54 $USD/JPY

1:10 Selling my $UCO here for small gain – going to see what this afternoon brings – out 11.83

1:10 Hold $DUST though until at least next Tuesday 8 days min (unless I can get out earlier)

1:12 Thinking with oil we may test that lower support (yellow arrow) market is ooomfedish

1:15 I am in $STUDY until scanners hit

1:22 I may hit $AKAO on every wash-out here – this is carzy price action

1:27 $AKAO 1000 starter at 10.47 per share – tight

1:32 Out $AKAO 10.94 per share

1:34 Watching $AKAO 10.75 pull-back area

1:35 Likely 10.50 pull-back more likely

1:38 Long 1000 shares $AKAO 10.76

1:39 Out 11.025 per share $AKIO

1:43 Long $AKAO 11.46 1000 shares

1:46 Out $AKAO 11.62 1000 shares

2:11 $OPGN and $APRI could get action off $AKAO

2:13 All three are likely good candidates for morning momentum stocks tomorrow also.

2:30 Long $AKAO 12.76 1000 shares

2:52 Out 12.92 sold 1000 shares $AKAO

3:23 Out $DUST shares chipped out in three pieces aberage 53.70

3:31 $AKAO chart still not broke – holding resistance area still.

3:34 Here we go again.

3:49 $APRI should run momo tomorrow morning.

 

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $AKAO, $APRI, $OPGN, $UCO, $DUST, $WMT, $XIV, $ES_F, $SLV, $SILVER, $GOLD, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NATGAS, $NG_F, $USD/JPY, $SPY, $VIX

12
Dec 2016

Pre-Market Newsletter Monday Dec 12 $SDRL $USOIL $WTIC $AKAO $DVAX $HMY $GLD $GDX $SLV $NG_F $USD/JPY $SPY $VIX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Monday Dec 12, 2016 in Chatroom. Oil, Small cap oil, Tech, Retail, $SDRL, $AKAO, $DVAX, $HMY, $GOLD, $GLD, Miners, $GDX, $SILVER, $SLV, $USOIL, $WTI, $USD/JPY, $SPY, $VIX, $NATGAS … more.

Welcome to the Monday Wall Street trading day session!

Important Notices:

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Oil meetings happened and we have a new break out!

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

Small cap oil could go nuts – see list of names below. $SDRL on high alert. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect and hit EPICs targets for last Wednesday and Friday and the algo lines and the time / price cycles (if you subscribe to EPIC’s newsletter be sure to check the report this morning!). Also, machines have been on since mid November break-out (so this makes trading oil related easier for me).

$AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT.

Dips on $GOLD $GLD are NOT being bought now vs.selling the rips (so this by default plays in to $SILVER). The Trump train / reflation train. Watching $USD/JPY.

$NATGAS $NG_F has come off some from important resistance I alerted – watching close.

$SPY has continued its upward trend. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally).

And that brings me to momo stocks and rotation therein, looks like a fun week here setting up again. So these remain on high watch.

I am also watching Tech and Retail.

$HMY on watch – getting jiggy. $X and $CHK action.

There is so much going on it is best reviewed as market opens in the trading room today.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), 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 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: $AKAO, $WTI, $VNR, $SGY, $REXX $MTL $CIE $ORIG $SDRL $ATW $DNR $PACD $AVXL $UWT $DGAZ $EPE $MEMP 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: $HMY (chart), $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT,  $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting 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, $UWT, $DWT), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades: $ABB $AEG $MGIC $AIG $BCR $CXW $WEB $HBI $PES $LULU $BRO $TRV $AMD $AUY $TAHO $TCP $COO $COP $UBS $T $EGHT $RNG $NVR $REGN $HBI $HOLX $DGX $FSV $GRA $FMC $TSO I will update before market open of refer to chat room notices.

(6) Downgrades: $CF $ALGT $PHG $GFI $CDNS $CMC $OPHT $IRET $MCC $KRG $EOG $MOS $DEPO $TTC $PEI $FOXA $GFI $EZPW $FLS $SYNA $WBMD $UBSH $FINL $CVS $CMC $WOR $SGEN $CERC $FUL $TMO $HUN $CC 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.

Regular Trades:

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

Outlook: Hasn’t stopped – but the Fed is coming so you want to watch. As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

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

Outlook: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV – ON HGH WATCH NOW.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

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

 

Resistance in $USD/JPY starts at 115.95 and you can expect considerable turbulence if it continues uptrend in that region. BUT DON’T BE FOOLED BY THE BEARS – this chart is far from broken yet. But it is in to resistance so this could be inflection point. And being that Gold is very near our target watch close. 

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

$USD/JPY Per above.

My Trading Plan for Gold: I am waiting for the trend reversal. We are very close to the price target at the bottom of that quadrant at 1133.00 ish. The initial wide frame target Rosie the algo nailed but there has been a wait and see for a reversal because of one more possible leg down. Getting very close IMO.

Waiting for a long trade confirmation in Gold.

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely. The idea is to get on the right side of the trade and trend.

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

Silver $SL_F: $SLV ($USLV, $DSLV)

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

My Plan for Trading Silver:

Per previous;

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

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

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

 

The Oil break-out came so I am looking at small cap oil per list below. I am watching the support and resistance lines close – especially the yellow ones in the chart.

Outlook: Looking for its new trading range and then I will trade the support and resistance areas.

Trading Plan: Oil equities:

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

Oil Trading Chart

Oil Trading Chart

Natural Gas $NG_F : $NATGAS (, $UGAZ, $DGAZ):

Hit resistance as I thought and alerted. We’ll see what happens.

Study:

Now that a number of blog posts are being unlocked, it wouldn’t be a bad idea for traders to review them (especially learning traders).

Watch that $SKLN wash out snap back trade on YouTube I posted if you want to learn your indicators!

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 (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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $SDRL, $AKAO, $DVAX, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

12
Dec 2016

Weekly Swing Trade Member Newsletter – Dec 12, 2016 $JUNO, $SGY, $CBMX, $USOIL, $WTIC, $GOLD, $GLD, $SILVER, $SLV, $VIX

Swing Trading , , , , , , , , , , , , Swing Trader

Good morning traders and welcome to our weekly swing trading newsletter for the week of Dec 12, 2016!

Don’t hesitate to email us at [email protected] anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private mesage Curt in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.

My primary seven swing set-ups this week are:

FX: $USOIL $WTI

You can use a number of instruments to trade oil such as FX $USOIL $CL_F CL $USO $UCO $SCO and more…. I am using $UCO for the long (by the way $UWTI AND $DWTI are being resurrected so I am very excited to be able to trade these again soon) and I am currently looking at a number of small cap and mid cap oil plays. Oil is in an obvious break-out (and since last report doing well).

The important thing with oil is to watch the Fibonacci levels, trend lines (diagonal and horizontal), your moving averages and your trading widths (margins / pivots). I can’t discuss the algorithm here but I can refer you to Epic the Oil Algo twitter feed for various public posts.

Widths / trading range pivots – Because oil is in a break-out you want to take your long positions at the bottom of the yellow lines and I as I mentioned in the last swing newsletter I WOULD NOT short oil in an uptrend at the top of the yellow lines. Wait to short it when it is in a confirmed downtrend – and now is not a confirmed downtrend. So right now I am looking for an entry long at a lower yellow line at 51.91 with a stop at 51.63 and I would exit before 54.43. See orange arrow. If that fails support and my stop gets hit then I will look at a long at next orange arrow down at 49.56 with a stop at 49.16 and I would exit before resistance at 51.90. If this also failed (the second entry arrow) oil is in a downtrend and levels would have to be looked at again to re-adjust.

If crude happens to get up over current resistance at 54.45 I would take a long position with a stop at 54.29 and if it works I would simply hold until crude finds its new trading range and reevaluate in a week or more but keep the stop in place. You can also move the stop up a bit as crude trades up in this instance.

Fibonacci Levels – As with last newsletter, because oil is in another break out I wouldn’t be comfortable taking a long or short position based on fib levels because they are skewed. Wait for this break-out to back-test and then look at the levels next Sunday night update.

MA – Oil is trading way above its MA’s so there is no concern here with long positions – but take the range pivots in to consideration first. When these become a possible issue I will advise.

Crude oil, swing trading chart

Orange arrows represent chart support for long trade in crude oil.

$GOLD – $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG

So last week I said;

Here again I cannot share the proprietary algorithm components of Rosie’s algo but I can share with you the publicly posted data. Rosie predicted in July that Gold would hit this range but also warned of a 90% chance that Gold would have to hit the bottom of a quadrant on her charting. That would put Gold near 1133.00. I am waiting to see if this occurs and I will take a long trade in $NUGT at that time with a normal swing stop of about 4% and then if uptrend confirms I will scale in at 3 stages. Initial order 2000 shares the 5000 then 10000 then 20000 adding at pullbacks.

The idea in swing trading is to catch the trend reversal and then scale in when confirmed.

Good thing I waited! Price has downtrended since. It isn’t at my preferred 1133.00 so I am going to watch – if it starts to take off upward I will start to nibble with long positions with tight stops. No particular level that I would do that – just if it started to move for any more than a day and it looked like it had momentum. Then slowly enter. BUT THE PREFERRED play is to wait for that 1133.00 WHICH COULD COME QUICK NOW.

Watch Rosie the Gold Algo twitter feed for intra-day updates that may occur.

Gold, Swing Trade

Gold Swing preferred target is 1133.00 ish for long trade.

$SILVER $SLV $USLV $DSLV

Silver is in exactly the same position as Gold – wait for the Gold confirmation before entering IMO. Use the same scaling principals. Watch SuperNova Silver twitter feed too.

I have always said that Silver will hold up better in a downtrend, but it doesn’t mean you take a long position yet. Sure, it came up a bit since last week, but the idea is to catch the tren reversal and scale in to it for a large gain over time.

Silver, Chart

Silver is in same positon with me as Gold. When Gold goes Silver wll go. $SL_F $SLV $USLV, $DSLV

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

$VIX

Last week I wrote:

I am going to enter a long position in $UVXY or $TVIX for a short term swing (less than 10 days hopefully) at as close to 12.20 as I can get – if I can’t get that I am looking at 12.77.

Considering the geo political environment I won’t be shorting the $VIX unless it gets really extended to topside – which it is not right now.

So it came down to my price target and I didn’t take a trade – I watched. Then it spiked and I would have had a short term gain. Now it’s sitting back at my buy target area and I am going to watch.

If it starts upward I will likely take a trade long in $TVIX or $UVXY and exit by ratcheting up my stops as it goes. Where exactly where I take that trade? I don’t know. But I’m getting more confident with it because of two reasons.

1. At the end of day Friday the there was $VIX insurance buying even while $SPY was spiking at end of day and $XIV (which is the opposite of $VIX) wasn’t moving like it normally does when there is a $SPY spike. Now, $VIX isn’t determined by $SPY but it is a signficant factor. So when they move in this way it is time to pay attention.

2. ALSO, the CNN fear and greed indicator is near all time highs for greed. If you study it out there is a correlation – when greed is this high 9 times out of 10 there is a spike in $VIX because if nothing else investors start taking out insurance. http://money.cnn.com/data/fear-and-greed/

Now, if the $VIX does spike, and the spike is signficant I will short the $VIX because that is always easy money – but that is something that has to be determined on an intra level and I can’t give you levels here on a swing alert.

$VIX, Swing Trade

$VIX Swing trade

$SGY

Last week I wrote this:

I really like this swing as a low float energy play. But you have to set a stop at 4% or so and be ready to ratchet up stops as it gets closer to 8.00. This stock has a history of serious gains when oil gets in to break out mode.

Well… that worked out well. There was a really nice spike right that day for a great gain and it is trading this morning again for a nice gain.

The way to play this one now safe is to watch the oil trading chart and support levels I gave you. Wait for oil to hit one of those two support levels I show on the oil chart and play it exactly like you would oil as I wrote above. And, if oil gets up over that overhead resistance I outlined you can then go long $SGY vs. oil. Either way, if you take a long position at a support set your stop at about 4 – 5% and if you get lift ratchet your stops up as you go. There is no way to give you levels up if it goes – just ratchet up stops at your comfort level.

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$SGY swing trade

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$JUNO

Last week I wrote this:

This is a wash-out snap-back swing that I really like. It is up in premarket today but I believe there is a lot of room here. My timeframe is 3 months and I expect a lot of that gap fill to come in to play at 29.83. It has resistance at 22.87 but I don’t think it will hold. One of my favorite swings right now.

So this one didn’t do as well, but I am holding and I will enter with more of a position if it gets back up off it’s feet and starts trending up. Like I wrote, my time-frame is 3 months so I will be patient.

$JUNO Swing Trade

$JUNO Swing Trade

$CBMX

I wrote this last week:

This IMO opinion is a fantastic opportunity – but it does have its risk. You wll have to research the company on your own and make a determination for yourself. But if you find after your research that you think it’s a decent hold for a month or two it is one of the best swing plays on the market at this price IMO. I’m looking to add today to my position.

Well this one worked out well too, I am currently adding in near the 2.90 level. A mid term hold for (3 – 6 months) and I expect close to 50% gain on it. But it is high risk so set stops.

$JUNO Swing Trade

$JUNO Swing Trade

Other Swing Trades I am Looking in to:

Casino stocks: $WYNN $MPEL $MGM $LVS – but I can’t say right now that I will. I am also watching retail and tech for long positions, but not quite ready. Will update on this soon.

This comment from last week remains the same:

That’s about it for this week. I am waiting for the market inflection to settle down and a little more of the indices to settle on the other side of this Trump trade before scaling in to any indices plays and the like. But as I said I am running about 40 charts on plays I am looking at and hope to start adding some of those for next Sunday!

Have a great week and if you have any questions email anytime!

Best of luck.

Curtis

Article Topics; Swing Trading, $JUNO, $SGY, $CBMX, $USOIL, $GOLD, $GLD, $SILVER, $SLV, $SPY, S&P 500, $DXY, $VIX

12
Dec 2016

Post Market Fri Dec 9 $IDXG, $SDRL, $XIV, $USOIL, $WTIC, $GLD, $SLV, $SPY. $DXY, $VIX…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algo Calls and Alerts for Friday Dec 9 $IDXG, $XIV, $GOLD, $USDJPY, $USOIL, $SPY, $WTIC, $NATGAS, $VIX, $SILVER, 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.

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.

New: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most.” If you are using our algorithms it is a must read.

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

I had a decent scalping day. Caught morning momentum stock $IDXG, caught $SDRL (an oil driller) but should have held because not only did it run late day (like I thought it would but it ran later than I thought it would) and also the oil deal on weekend I am sure will cause more spike here, and $XIV I caught for a standard play.

Primary Lessons That May Help Your Trades:

Once again trading your plan – $SDRL early sell wasn’t the right call. Profit, but not the right call.

Looking Forward:

Monday will definately be about oil and small cap oil equities FX: $USOIL $WTI | $USO $UCO $SCO $UWT $DWT.

Looking toward the trend reversal on Gold $GC_F $GLD and Silver $SL_F $SLV . I really want to get on the right side of that move – not only in Gold and Miner’s ($GDX), but with the Gold company stocks too (small, mid and large) – will be a huge swing and even trend reversal IMO.

Watching for indications in $SPY and $USD/SPY for inflecton ($DXY). Watching $VIX for tell tale signs of potential dips in $SPY.

Announcements in Trading Room:

08:49 am Curtis M : Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

08:50 am Curtis M : Gainers: $IDXG 36%25, $SSH 22%25, $SWC 19%25, $FGP 9%25, $FNSR 8%25, $MPEL 6%25, $AVGO $WYNN $NVCN $DYN $LVS $NAK $OCLR $DNN $CCJ $BIIB

Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

12:01 pm Curtis M : On lunch until 12:30 EST

Gainers: $IDXG 36%25, $SSH 22%25, $SWC 19%25, $FGP 9%25, $FNSR 8%25, $MPEL 6%25, $AVGO $WYNN $NVCN $DYN $LVS $NAK $OCLR $DNN $CCJ $BIIB

Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

 

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:04 am Gunnar Thomsen : Spot on…
09:17 am OILQ K : I’m better
09:18 am OILK K : lol u wish
09:27 am Curtis M : Gainers: IDXG +45%. SWC +19%. SGYP +15%. NAK +11%. NVCN +9%. FGP +8%. ORIG +8%. FNSR +8%. MPEL +7%. AVGO +6%. WYNN +6%. LVS +6%. BIIB +5%.Losers: SCON -28%. MVIS -25%. CLSD -22%. RH -17%. SBGL -15%. USAC -8%. AIRG -6%.
09:33 am Curtis M : Long 2000 1.75 $IDXG
09:34 am Curtis M : Out 1.84
09:36 am Curtis M : Crude on high watch fro break of upside resistance
09:39 am Pam E : $SSH momo
09:40 am Curtis M : .
09:45 am Curtis M : $SDRL
09:50 am Curtis M : $IDXG 86% $SWc 17% $FCP 13% $SGYP 8.8%
09:50 am Mathew Waterfall : Got stopped out of $SWC common position yesterday. Hate that
09:50 am Mathew Waterfall : But had MGM calls and some $SDLP to make me feel better
09:51 am Curtis M : $SGYP red
09:52 am Mathew Waterfall : Wow had an order for $SGYP ready this am. It broke out of the wedge I had marked. Damn it lost its footing quickly
09:56 am Mathew Waterfall : I like your picks. Long $ORIG from 1.9
09:57 am Mathew Waterfall : Currently have a trailer on it but it has been on a rampage this AM
10:00 am Curtis M : ugh
10:01 am Curtis M : $MGM nice Mathew — casinos fun 24 hours
10:01 am Mathew Waterfall : Yea got lucky and had my prior $MGM calls sold on the way down, picked up more cheap at the bottom and just sold some for a quick double to hold the rest for free
10:10 am Curtis M : $SDRL $NADL $ATW $ORIG $PACD all on gh watch with me if crude oil braks upside trendline and resistance – would be huge.
10:12 am Mathew Waterfall : $SDLP smoke show. nice
10:24 am Mathew Waterfall : Cheap $SDRL calls for next week. hit 4.5’s for .10. Great r/r if oil gets moving. SDRL sees 4+ on monday and thse are easy 3 baggers
10:26 am Curtis M : might be a good play Mathew… just might be
10:27 am Mathew Waterfall : Super low risk which is why I love calls in this type of play. $SDRL gets killes you don’t lose much, it pops you win big
10:55 am Mathew Waterfall : Rolling some $RIG calls out here. Dec14.5’s to Jan6 16’s for .35 credit. Taking gains and will take advantage of a move up with a higher delta
11:06 am Curtis M : Gonna look at $DGAZ when $NATGAS around 3.73
11:18 am Mathew Waterfall : You in my watchlist this morning? lol I;m in this as well
11:20 am Curtis M : $DNAI
11:39 am Curtis M : Long 45.956 2000 $XIV starter in swing acct
11:50 am Curtis M : $INVN
11:56 am cam u : OIl meetings likely big play with drillers
11:57 am OILQ K : I like the drillers play too – oil meetings likely positive news with Russia
12:05 pm gary y : thanks
12:05 pm Curtis M : ok back in 12 mins lol
12:17 pm Curtis M : Back from lunch – looks like EPIC’s taget call is in play lol – love EPIC
12:33 pm Curtis M : Running scans for afternoon
12:35 pm Curtis M : 2000 Sold $XIV 46.2658 avg win
12:38 pm Mathew Waterfall : Stalking some WYNN calls here. Likely end of month 94/5s
12:38 pm Mathew Waterfall : $WYNN
12:45 pm Mathew Waterfall : $LVS Dec30 60c’[email protected]. Won’t have a ton of patience with this but will let it play until mid next week at least unless I ge a large move in either direction
12:46 pm Mathew Waterfall : Also looking at adding back $MGM calls to replace what I got out of this AM
12:47 pm Clarissa Nell : Here it comes
12:50 pm Mathew Waterfall : In $MGM Dec30 30c’s @.63. Same play/leash as LVS calls above
12:51 pm Curtis M : $WYNN good call IMO
12:51 pm Curtis M : Got a plan for a play on rig count at 1 pm and put close going in to weekend oil meetings #OOTT $USOIL $WTIC $USO $UCO #Drillers
12:54 pm Mathew Waterfall : In some $WYNN Dec23 100c’s as well. Smaller delta but an early week move up should juice these
12:54 pm Mathew Waterfall : Thanks. Have played this well this week. Weakness on Macau report way over done IMO
01:11 pm Curtis M : 5000 $SDRL long 3.78 ish scaling
02:15 pm Mathew Waterfall : Convenient to have a dog to blame that on haha
02:32 pm Curtis M : Long $XIV 200 46.418 2000
02:33 pm Curtis M : Long $XIV 2000 46.418
02:33 pm Curtis M : Tight stop
02:34 pm Curtis M : $SDRL had a 2.5 cent gain only bahahah played it bad
02:34 pm Curtis M : Out XIV should have opped IMO flat
02:35 pm Mathew Waterfall : Lot of people buying protection up here
02:35 pm Mathew Waterfall : Makes sense, it’s cheap and we are at ATH’s
02:37 pm Curtis M : Taking 10 mins do some scanning and then may call it a day unless theres something at play
02:48 pm Curtis M : So were finally going to publish the remaining algos next week FOR SURE cause theres media coming up before 30 th so look for those posts on the blog.
02:49 pm Curtis M : Im going to hang out till close looking for any end of week plays but likely none. But I’ll be in room till 4
03:05 pm Mathew Waterfall : Think I’m done for the day. HAGW all
03:06 pm Curtis M : cya mathew
03:07 pm market maven : cathya later guys
03:16 pm Curtis M : The rip $SPY
03:29 pm OILQ K : What a great week guys thanks – I’m out.
03:31 pm Curtis M : Tried to warn the Gold bugs
03:59 pm Curtis M : Have a great weekend!

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $SDRL, $IDXG, $XIV, $ES_F, $SLV, $SILVER, $GOLD, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NATGAS, $NG_F, $USD/JPY, $SPY, $VIX

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