Compound Trading Trading Plan and Watch List Thursday May 24, 2018.
In this edition: $SBOT, $BW, $WSM, $ACRX, $DXY, OIL, $WTI, Gold, $SPY, $NFLX, $AAPL, $FB and more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notices:
Quick Update: Reporting, Live Rooms, New Team Members, Pricing, Discounts, Trade Coaching, New Book https://compoundtrading.com/quick-update-reporting-live-rooms-new-team-members-pricing-discounts-trade-coaching-new-book/
What’s New at Compound Trading April / May 2018. https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
Price Increase: Platform wide price increase May 15, 2018. Does not affect existing members. Official announcement to follow.
Machine Trading: May 15, 2018 the new teams start. Mandate: (1) Intelligent Assisted #IA Trading Platform (Code Algorithm Models), (2) Run 24 Hour Crypto Trading Desk, (3) Alert Trade Set-ups to Member Alert Feeds (for all models) and near future (4) Machine Learning. Official announcement to follow.
Notes in red text below are new comments entered specifically today (or recently important).
Live Trading Room Link:
http://compoundtrading1.clickmeeting.com/livetrading
Real-time Alerts for Oil, Gold, Swing Trading, Day Trading, Bitcoin are available by following specific alert Twitter feeds.
Disclaimer / disclosure: Every subscriber must read this disclaimer.
Reporting and Next Gen Algorithms:
BE SURE to get in to each private Discord server specific to your subscription as many of the updates as we go forward will be posted in there. This includes the SWING TRADING platform also.
IF YOU NEED A LINK / INVITE email or DM us!
Connect with us on Discord.
https://twitter.com/CompoundTrading/status/880670140454637569
Recent Blog / Video / Social Posts:
#BitcoinTrading 101: A Beginner’s Guide to Getting Started $BTCUSD $XBTUSD $BTC https://compoundtrading.com/bitcointrading-101-beginners-guide-getting-started-btcusd-xbtusd-btc/ …
https://twitter.com/CompoundTrading/status/927397024315662336
How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, $UCO, $SCO, $UWT, $DWT, #OIL, #OOTT: http://youtu.be/hawVV31G9bg?a via @YouTube
https://twitter.com/CompoundTrading/status/889148655785177088
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
https://twitter.com/CompoundTrading/status/889147527278333952
Recent Chart / Trade Set-Ups:
See You Tube for other recent video posts.
Feature Post with Charting: How to Trade the US Dollar Index Move (Part 1) $DXY $UUP #USD #trading #chart #algorithm https://compoundtrading.com/feature-post-with-charting-how-to-trade-the-us-dollar-index-move-part-1-dxy-uup-usd-trading-chart-algorithm/
Password: SET Protected: Swing Trade Set-Ups (May 15/16 Member Edition) $WTI, #OIL, $BTC, Bitcoin, $AMBA, $AMD, $BLNK, $ITCI,, $SPY, $DIS, $LAC, $BOX, $AAOI more.
Password: AI Protected: How to Trade Pure Storage Earnings in Six Days (Member Edition) $PSTG
Password: WOW Protected: How to Trade Box Earnings Move (Swing Trade Member Exclusive)
Trading Set-ups $FB, $AMBA, $SDTY, $TSLA, $GDX, $SLV, $BTC, $JD, $VIX, $LITE, $CELG, $FSLR more.
Do Not Ignore This Trade Set-Up | $AMBA Swing Trade | 40% ROE 3 Mos (Part 1 of 2)
Password: ELON Protected: How to Trade the Tesla Move | Price Targets | Buy Sell Triggers | Time Cycles $TSLA #swingtrading #daytrading
Password: LONG Protected: Overnight Oil Trade | Trading Plan in Detail | EPIC Oil Algorithm $USOIL $WTI $CL_F #OIL $USO #Alerts
Trade Set-ups $SPY, $NFLX, OIL, $WTI, $ESPR, $GOOGL, Bitcoin, $BTC, $FEYE, $AAPL and more.
Trading Set-Ups $SPY, Gold, $GC_F, $GDX, Bitcoin, $GOOGL, $EVLV, $HEAR, $CHEK, $MARA, $PRTA, $ZDGE
Trading Set-Ups $NETE, $TSG, $ETH Ethereum, $BTC Bitcoin, $TAN, $HEAR, $AMMJ, $SNAP, $VLRX
Trade Set-Ups OIL, $WTI, $SPY, $GOOGL, $FSLR, $AXP, $GREK, $CELG, $AAOI, $SDRL, $WFT
Recent Educational Articles / Videos:
I get a lot of Q’s on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://www.youtube.com/watch?v=QrXbE7lojAg&t=3s … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
I get a lot of Q's on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://t.co/oqezvVcn0y … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
— Melonopoly (@curtmelonopoly) May 13, 2018
Trading Plan (Buy, Hold, Sell) Watch Lists. Morning Momentum / Gap / News / PR / IPO / SEC Filings / Earnings Stocks on Watch:
25 Stocks Moving In Thursday’s Pre-Market Session https://benzinga.com/z/11770697 $SBOT $BW $ACRX $WSM $TRXC $REPH $WSTL $PBR $SAFM $LB $BBY $NTAP
25 Stocks Moving In Thursday's Pre-Market Session https://t.co/9ZQ9GKApvP $SBOT $BW $ACRX $WSM $TRXC $REPH $WSTL $PBR $SAFM $LB $BBY $NTAP
— Benzinga (@Benzinga) May 24, 2018
Morgan Stanley: Buy Apple shares on the ‘emerging power’ of its services https://cnb.cx/2IFw8bv
Market Observation:
As of 8:45 AM: US Dollar $DXY trading 93.947, Oil FX $USOIL ($WTI) trading 70.95, Gold $GLD trading 1298.36, Silver $SLV trading 16.58, $SPY 272.87, Bitcoin $BTC.X $BTCUSD $XBTUSD 7370.00 and $VIX trading 12.9.
Momentum Stocks to Watch: $SBOT $BW $WSM $ACRX
News:
$BW $CLGN $IMTE $MYO $SBOT $TNXP
$IDRA – Idera enters clinical trial collaboration and supply agreement with Bristol-Myers –
Recent SEC Filings:
Recent IPO’s:
Earnings:
#earnings for the week
$LOW $TGT $BBY $KSS $AZO $NTNX $TJX $SPLK $TOLL $QD PSTG $DPW $NTAP $HPE $MNRO $FL $AAP $MDT $TIF $INTU $LB $ADSK $MCK $IGT $URBN $CBRL $RL $TD $CTRP $VEEV $ROST $RY $NDSN $WUBA $LX $HRL $PLAB $GPS $EV $DY $DXC $GSM $TTC $RDCM
http://eps.sh/cal
#earnings for the week$LOW $TGT $BBY $KSS $AZO $NTNX $TJX $SPLK $TOLL $QD PSTG $DPW $NTAP $HPE $MNRO $FL $AAP $MDT $TIF $INTU $LB $ADSK $MCK $IGT $URBN $CBRL $RL $TD $CTRP $VEEV $ROST $RY $NDSN $WUBA $LX $HRL $PLAB $GPS $EV $DY $DXC $GSM $TTC $RDCM https://t.co/r57QUKKDXL https://t.co/kTMLDoQ8zI
— Melonopoly (@curtmelonopoly) May 20, 2018
Trade Set-up Alerts, Charts & Reports. Recent / Current Holds, Open and Closed Trades:
US Dollar over 50 MA on its way to 200 MA resistance on Weekly Chart. $DXY $UUP
$FB up over 185.00 buy sell trigger Fib targeting upper price target if it holds. #swingtrading
$NFLX trim in to resistance add above. Trading 338.00 intra. Next resistance 347.90. #swingtrading
Keep it Simple Gold Trade MACD Daily Chart says Gold still on sell side. $XAUUSD $GC_F $GLD #Gold
No easy trade. Last time Gold dumped 200 MA on daily it bounced at mid quad. #Gold #Chart #Daily
Should be interesting action. End of time cycle at right of screen on the model. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold trade since last report up in to resistance apex and dumped hard. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold monthly offering a decent risk reward to bulls here. $XAUUSD $GLD $GC_F $GLD $UGLD $FGLD #Gold #Chart
Price hit 2 of 3 intra targets in that trade. Not a bad oil, not great. Next trading plan short at resistance in to EIA lower target.
Buy side alert 72.53 over VWAP on 1 min and resistance on model – starter size. EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target.
$NFLX Momentum today trading 331.17 intra resistance support 328.50 triggers in to 337.80 – .83
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade.
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Nice clean weekend trade. White arrow – alert. Green arrow – buy trigger. Red arrow – resistance per alert. Red circles – price targets. $BTC $XTUSD #Bitcoin #Cryptotrading
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another (detailed post on deck to blog) #OILChart
$HTZ trading 17.89 premarket – trim in to 50 MA on hourly add above.
Simple symmetrical time cycle on weekly, Volatility reversal leading in to July 23 ish probable. $VIX $UVXY $TVIX
Market Outlook, Market News and Social Bits From Around the Internet:
Five Things You Need to Know to Start Your Day
Economic Data Scheduled For Thursday
Economic Data Scheduled For Thursday pic.twitter.com/xHuFnwFEm1
— Benzinga (@Benzinga) May 24, 2018
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80%+ in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid much of the day trading risk (preferring to daytrade only what is structurally set-up also on the swing trade side and to my advantage in the algorithmic model charting). I often avoid the first 30 minutes (gap and go) and trade momentum stocks or structured (per explanation in previous sentence) stocks later in day after a wash-out looking for a snap-back trade that can possibly also become a strong swing or longer term trade that I can leg in to. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading 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 Charting Model 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: $SBOT $BW $WSM $ACRX $BILI $WSM $SMRT $SCYX $IDRA $MRNS $NSPR $ENSV $NOG $EGO $AGI $EMAN $OILD $USLV $CGC $CZR $SCO $OPK $NUGT $STM $CELG
(2) Pre-market Decliners Watch-List : $REPH $QUIK $MLNT $SDT
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWT, $DWT, $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), $BTCUSD Bitcoin.
(5) Recent Upgrades: $OI $RDC $NOG $EC $DE $OII
$PTLA Receives $100M Milestone Payment from HealthCare Royalty Partners for FDA Approval of Andexxa
Apple price target raised to $214 on undervalued Services at Morgan Stanley $AAPL http://dlvr.it/QTxqvB
$ABBV IMBRUVICA Plus GAZYVA Phase 3 iLLUMINATE Trial for First-Line Therapy of CLL Patients Met Primary Endpoint
(6) Recent Downgrades: $PBR $GNRC $VRML $GBNK $ABBV $BWXT
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Algorithm Twitter feeds can be found here: $BTC (@CryptotheAlgo) $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct. Our lead trader Twitter feed is here @curtmelonopoly
Article Topics: Premarket, Watchlist, Stocks, Trading, Plan, $SBOT, $BW, $WSM, $ACRX, $DXY, OIL, $WTI, Gold, $SPY, $NFLX, $AAPL, $FB
