Yesterday’s Stock Trading Results (the $SNAP momo trade may help some early traders)
Per recent;
We are going to try another trading room platform – yes, but we gotta try and get what will work best, we’ll get you details. The YouTube platform we are having difficulty with outages, transcripts and delays / lags.
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms and Daytrading Quarterly Performance Reports are being compiled as I write and will be posted soon.
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 93% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or suport) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also recently added to watch $CEW, $MYL, $TZA, $TREE and today added are $NVDA, $SOXS, $KBH, $BCOR. Also on OTC side new are $USRM, $PLSB, $LIGA and $ASCK.
Previous Day Momentum Stocks to watch: $USRM OTC, $PLSB OTC, $HTGM,
$PLSB Look at the liquidity that rolled in to this OTC stock yesterday wow #stocks #watchlist
$PLSB Look at the liquidity that rolled in to this OTC stock yesterday wow #stocks #watchlist
8am
Evans Speaks
8:05am
Bullard Speaks
8:30am
-Durable Goods Orders
-Williams Speaks
9:45am
Composite Flash
1pm
BHI Rig #
$TWTR Twitter explores subscription-based option for first time http://in.reuters.com/article/twitter-subscription-idINKBN16U389 …
$ATOS Atossa Genetics Opens Enrollment in Study of Endoxifen
$MU – Shares of #Micron surging +10% post earnings
$MU Q2 Adj.EPS $0.90 and Sales $4.648B – Beat
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades:as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Compound Trading Thursday March 23, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $TREE, $USRM, $HTGM, $SSH – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc…
Intro:
Compound Trading is trading group involved with day trading, swing trading and algorithmic model chart trading.
Time stamped entries (in permanent archive) copied to this blog 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. At times guest traders and associate traders will screen share charting and/or voice broadcast.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .
Notices:
If you missed it, here is the Previous Day Stock Trading Results – Wednesday Mar 22:
In play today in chat room; $TREE, $USRM, $HTGM, $SSH
The day prior in premarket I had alerted the chart set-up in $SNAP and I think it ran about 10% on the day and today I had alerted $TREE swing trade chart set-up and it ran – so my alerts have been sound (actually I thought I should start alerting a few of our swing trading platform plays to give people an idea of what is going on over on that side of what we do – vs. daytrading for those intered)
My trades weren’t as good ad my calls. I took a premarket trade in $SSH that ended flat, and then a trade in $HTGM that ended in a smalll paper cut (which by the way I think there is an explanation on the daily video of managing this loss and the indicators etc – not sure but I did voice broadcast my trades so it is likely there), and then the end of day trade in $USRM I took was a covert trade win (in at 53 and out at 68). I say it was covert but actually what it was is I had a bunch of people in my office at the time and I was on a teleconference and instead of explaining all that in the room and alerting a trade to our alert members that I couldn’t watch and manage I simply alerted so that I was fair to our subscribers – I don’t like alerting a trade that I can’t manage closely as I don’t think that would be highest and best respect for the traders. Maven took the trade also so that was a consideration.
I am holding (in order of sizing – all moderately small size to micro sizing) – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so.
Last weekend we produced some simple swing charting that keeps me level when looking at the markets (examples below). Simple charting I find grounds you to simple trades which in turn keeps you profitable in toppy or sideways markets.
Premarket I had alerted this swing trade om $TREE I was adding to my watchlist based on the chart set-up.
$TREE The chart speaks sweet sounds of happiness. Wait for confirmations. #chart #setups #stocks #premarket
And this was the result of trade during the day with $TREE:
$TREE How do you like me now lol Nice day for this play. #swingtrading #daytrading
The quarterly swing trading performance report link is above in the intro to this post – we have been killing and below are some of the recent simple swing trading charts along with various other things of note.
Live Trading Chat Room Transcript: (on YouTube Live):
Compound Trading Stock Chat-room Transcript:
Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Also, times areCentral Mountain below (we’re working on the fix now), so for New York ET time add two hours to all times. Also, most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades).
Transcript:
6:56 AM
Compound Trading PreMarket Trading Plan Wed Mar 22 $HTGM, $DRWI, $SSH, $USOIL, $WTIC, $TREE Link: https://compoundtrading.com/premarket… Password: PRE0323
6:59 AM Curtis Melonopoly $TREE omg love it
7:01 AM
Compound Trading $SSH filing https://www.bamsec.com/filing/1047469… thanks Bankatronic!
7:02 AM MarketMaven M Downgrades $RARE $NSC $DG $CNC $WLL $PFPT $MO
7:06 AM Curtis Melonopoly on mic
7:08 AM Curtis Melonopoly watching $SSH close
7:09 AM wintonresearch miners look good given how they held up during SPY mini dip
7:09 AM Curtis Melonopoly long add $SSH 2.88
7:10 AM Curtis Melonopoly I don’t think mic is working dang
7:11 AM Curtis Melonopoly oh well
7:11 AM MarketMaven M yes it is delayed
7:11 AM MarketMaven M i like idea of trying another platform next week
7:11 AM MarketMaven M i like youtube on my mobile tho
7:12 AM Curtis Melonopoly thanks maven
7:12 AM MarketMaven M Long $SSH 3.00
7:14 AM Flash G morning
7:14 AM Flash G $TREE agree
7:15 AM MarketMaven M $FEYE is a gap play
7:17 AM Flash G $TREE and $FEYE and maybe oil I will trade this morning or swing $TREE perhaps
7:18 AM Curtis Melonopoly looking for a spike here
7:18 AM Curtis Melonopoly Nich u like miners here?
7:19 AM Curtis Melonopoly back at 9:25 for open
7:22 AM
Compound Trading BREAKING: Ford slashes guidance, now sees Q1 EPS of $0.30 – $0.35 vs. $0.45 estimate; $F falling in pre-market http://www.cnbc.com/quotes/?symbol=F …
7:22 AM Curtis Melonopoly the broad news might take momos down a notch dang
7:23 AM MarketMaven M Res on $SSH 4.00 – 4.20 it should go
7:25 AM Flash G financials selling
7:26 AM Curtis Melonopoly there’s a delay on mic I’ll do my best
7:27 AM MarketMaven M Long some $FEYE too here
7:27 AM MarketMaven M 12.45 cost average
7:27 AM Curtis Melonopoly 1 min to open
7:27 AM Curtis Melonopoly $SSH not acting the way I wanted
7:28 AM Curtis Melonopoly stop 2.88 $SSH at entry
7:29 AM MarketMaven M $OXIS news too
7:31 AM Curtis Melonopoly stopped 2.88 flat $SSH
7:31 AM MarketMaven M holding $SSH
7:33 AM Mathew w VIx over 13 and trying to break out FYI
7:35 AM Curtis Melonopoly thanks Nicholas
7:35 AM Curtis Melonopoly sorry Mathew lol
7:36 AM Curtis Melonopoly auto
7:36 AM MarketMaven M ha here comes $FEYE
7:36 AM MarketMaven M $SSH will go
7:36 AM MarketMaven M Curt you using hot keys?
7:37 AM Curtis Melonopoly no not right now
7:38 AM Mathew w and back under, market going green, lots of back and forth
7:38 AM MarketMaven M My STop is at 2.68 on $SSH so close
7:38 AM Flash G PPT will likely step in
7:38 AM Flash G FAKE NEWS FAKE MARKET
7:39 AM Mathew w Lots of chatter on NSPR out there. taking a small stab
7:39 AM Mathew w CNQ sweep as well. Looking for more oil/gas space action here
7:40 AM Flash G Opening position swing in $TREE new position 20%
7:41 AM MarketMaven M added to $FEYE stopped in $SSH
7:42 AM Flash G I like that Michael thank you
7:44 AM MarketMaven M $XOMA popping
7:44 AM MarketMaven M $CERU set-up right
7:44 AM MarketMaven M $HTGM toxic – cash short
7:45 AM Flash G I will wait on daily and maybe weekly candle for futher entry in $TREE swing 20% hold here
7:46 AM Curtis Melonopoly $FEYE looks good
7:46 AM Flash G $GS HOD
7:47 AM Flash G $SOXS added to my watchlist
7:47 AM Curtis Melonopoly there ya go maven
7:48 AM MarketMaven M ?
7:48 AM MarketMaven M $EYES hit scanner
7:49 AM
Compound TradingIs a market correction right around the corner? We discuss with @NorthmanTrader. http://video.cnbc.com/gallery/?video=… …
7:51 AM MarketMaven M $UBQU new highs
7:51 AM MarketMaven M $VRX baby #swingtrading #baby
7:53 AM MarketMaven M $SNAP Curt
7:53 AM MarketMaven M Hit scanner momo on $SNAP
7:54 AM wintonresearch i like $UBQU
7:55 AM wintonresearch on that one UBQU my signals got that it could be starting a new uptrend – happened to look at it yesterday
7:56 AM wintonresearch i also like that it is so tiny
8:02 AM MarketMaven M thanks Nicholas!!! I like it too I am thinking hard
8:02 AM Mathew w nice home sales beat today
8:03 AM MarketMaven M $CMRX break out 52 week high
8:04 AM Curtis Melonopoly Gold bit right in to my final pivot test soooo close to having to pivot and all in long it lol
8:05 AM Curtis Melonopoly actually the final final test is 1260.67 to be clear
8:06 AM Flash G Yes I have studied your charts and that is the final decision in my opinion also. hat general area.
8:08 AM
Compound Trading RYAN DELAYS PRESS BRIEFING TO 3:30PM, WAS TO BE AT 11:30AM via ZeroHedge
8:10 AM Curtis Melonopoly serious test for crude oil coming here
8:10 AM Curtis Melonopoly would be a very bad support to drop down in to
8:12 AM Mathew w If that double bottom breaks on crude things get ugly quick IMO
8:12 AM Curtis Melonopoly yup
8:13 AM
Compound Trading February New Home Sales: 592K vs. 565K expected, 558K prior (revised). http://seekingalpha.com/news/3253042-…
8:14 AM Flash G Good call on $TREE chart Curt thanks
8:15 AM Curtis Melonopoly no problem
8:16 AM Curtis Melonopoly I’m watching the MACD on daily on $TREE and SQZMOM for my swing entry fyi
8:18 AM
Compound Trading Here’s your $TREE chart for swing trading Curt with indicators on it https://www.tradingview.com/chart/TRE…
8:18 AM Curtis Melonopoly Thanks
8:21 AM MarketMaven M $HTGM pop
8:23 AM Curtis Melonopoly bringing up chart
8:23 AM Curtis Melonopoly $HTGM
8:24 AM MarketMaven M It’s a piece of junk but it’s popping
8:26 AM MarketMaven M Long $HTGM 4.02
8:26 AM MarketMaven M small
8:26 AM
Compound Trading $HTGM http://finance.yahoo.com/news/key-eur… via @YahooFinance
8:27 AM Curtis Melonopoly if $HTGM breaks 4.11 to higher on next 5 min candle I’m in 2 min on this one left
8:28 AM MarketMaven M ”soldiers” right?
8:28 AM Curtis Melonopoly yes mam
8:28 AM Flash G Watching in amazement $HTGM popcorn
8:29 AM Flash G Your soldier method is sound there are variations similar
8:34 AM
Compound Trading Bespoke Weather @Bespoke_Weather 5m5 minutes agoMore NAT GAS EIA DATA HIT: -150 bcf net implied flow for wk ending Mar 17 vs. BWS estimate of -155 bcf and market estimates from -145 to -165.
8:36 AM MarketMaven M You didn’t take a trade on $HTGM Curt?
8:36 AM Curtis Melonopoly no
8:37 AM Flash G done my popcorn back to swing study
8:37 AM Curtis Melonopoly the 100% on deck stopped me maven
8:37 AM MarketMaven M oh i didn’t notice you’re right lets see how it goes here
8:43 AM Curtis Melonopol yof $HTGM confirms over 100% I’m in both hands and feet for a trade
8:44 AM Curtis Melonopoly $SPY perky
8:45 AM Flash G Curt those late nights serve you well. $TREE today and I think t was $SNAP yesterday if I recall.
8:45 AM Curtis Melonopoly ha
8:46 AM Curtis Melonopoly long $HTGM 4.32
8:46 AM Curtis Melonopoly 1000 share start
8:46 AM Curtis Melonopoly on mic
8:55 AM Curtis Melonopoly stop $HTGM 4.22 and if it hits I’ll revisit later today
8:55 AM Curtis Melonopoly off mic
8:55 AM Curtis Melonopoly out
8:56 AM Curtis Melonopoly small cuts OK so I’ll wait for it to come off
8:56 AM Curtis Melonopoly BTW for those not listening to broadcast I explained all indicators on video
8:57 AM MarketMaven M Thanks Curt made sense – my risk threshold much higher than yours
8:57 AM Flash G I can confirm that statement.
9:02 AM
Compound Trading Power Lunch Verified account @PowerLunch 1m1 minute agoMore 2:15P ET Niladri Mukherjee @Merrill Lynch on why he is bullish on #global #stocks
9:04 AM Curtis Melonopoly one flat one paper cut this morning
9:12 AM Curtis Melonopoly Controlling losses in momentum daytrades so important imo
9:14 AM Flash G $KBH and $BCOR added to my swing trading watchlist
9:17 AM Curtis Melonopoly that’s getting to be a decent curl on $SPY chart
9:20 AM MarketMaven M $SRRA jig
9:23 AM MarketMaven M haha told ya $HTGM was it curt?
9:23 AM Flash G nice one maven
9:24 AM MarketMaven M on that note i will go have lunch ?
9:25 AM Flash G hold your spot
9:26 AM Curtis Melonopoly $JAGX popped on scan
9:33 AM wintonresearch resource investors might look at $MGXMF chart
9:33 AM wintonresearch could be setting up
9:35 AM MarketMaven M Nich I’m going to start trading resources soon
9:35 AM Flash G thanks nich
9:36 AM wintonresearch it’s in lithium sector which is beaten down
9:36 AM wintonresearch but the lithium ETF $LIT which holds large lithium stocks and TSLA has been very strong
9:37 AM Flash G Watchinig $LIT very close
9:37 AM wintonresearch so there’s potential for turnaround on the small fries
9:37 AM Flash G agree
9:39 AM MarketMaven M $HTGM HOD!?
9:41 AM Curtis Melonopoly $GDX divergence curious
9:43 AM
Compound Trading Officers name man believed responsible for #WestminsterAttack http://news.met.police.uk/news/update… …
10:14 AM MarketMaven M $TRIP spikes on unconfirmed $PCLN takeover
10:16 AM MarketMaven M $VNCE serious popping
10:22 AM MarketMaven M $HTGM poppin a bit
10:22 AM MarketMaven M should be curl time I meant to say
10:40 AM wintonresearch anyone still in natty gas
10:40 AM Curtis Melonopoly I think not sure
10:40 AM Flash G nope
10:41 AM MarketMaven M never was
10:41 AM wintonresearch keep an eye as i think it pops next wk
10:42 AM wintonresearc hUGAZ slow pull towards 50 dma
10:42 AM Curtis Melonopoly $PLUG has issue with 200ma
10:43 AM Curtis Melonopoly coming up on it now
10:47 AM wintonresearch PLUG has been pain for most of the last year, good to see it moving back up
10:47 AM wintonresearch $FCEL and $BLDP other fuel cell stocks to watch
10:48 AM
Compound Trading $PLUG tweet with chart / indicators https://twitter.com/curtmelonopoly/st…
10:48 AM MarketMaven M Ya I’m looking at chart seems like a difficult stock to trade it never holds a gain
10:52 AM wintonresearch yeah i think because so many traders looking to unload
10:52 AM wintonresearch both long term holders and also people who came to the same conclusion about it holding gains
10:53 AM MarketMaven M ya
10:53 AM luisvelo hello everybody
10:54 AM wintonresearch however very strong during energy weakness- good rel strength
10:55 AM Flash G yes
10:56 AM wintonresearch around 2012/2013 it went from 60c to $11 in 3 months
10:57 AM wintonresearch market cap now bigger but cult stock label could return
10:59 AM Curtis Melonopoly fixing stream
10:59 AM luisvelo Curt, Matt, everyone: we are back into (or close) the support area for oil. I believe is a “non shorting area” at least for now. Anyone with moral authority believes is an intraday buy?
11:00 AM luisvelo or there is a target or trigger to enter long oil that we are waiting for? tomorrow target is 1usd above …
11:01 AM Curtis Melonopoly r we back
11:01 AM MarketMaven M yup
11:02 AM Flash G It has a good RR luis
11:02 AM Curtis Melonopoly that’s a good point
11:03 AM Mathew w Im not playing oil directly but XLE as I like the recent moves. BTO some SN today actually. Oil above the double bottom seems OK, below that gets dicey in a hurry
11:04 AM luisvelo this was my point yesterday also, not expressed so well … in the end collected 20 ticks long of all the movement and today collected 45 ticks short …
11:04 AM Flash G great
11:04 AM Flash G RR is the way always
11:05 AM luisvelo anything of the correlated things (dollar usdjpy whatever) that indicates “screaming buy” / “stay away” ?
11:05 AM Flash G no oil leads imo
11:06 AM Curtis Melonopoly flash is a cautious trader Luis best advice it seems RR
11:08 AM luisvelo perfect then, tx a lot and let’s see how it goes. in any case bot XOM and NE (a dog) are up
11:09 AM MarketMaven M $RSII very interesting chart
11:09 AM MarketMaven M no problem LUIS!!!
11:09 AM MarketMaven M lets do this
11:09 AM Flash G oh my
11:09 AM MarketMaven M haha
11:28 AM Mathew w Ive been sitting in RXII for the better part of 2 weeks waiting for some action lol. It’s trying but man this thing has taken its sweet time
11:32 AM wintonresearch nice chart Matt
11:35 AM
Compound Tradin gBloomberg Politics Verified account @bpolitics 2m2 minutes ago More BREAKING: White House just made a final offer to the Freedom Caucus on health bill http://bloom.bg/2nNclMr
11:37 AM Mathew w Yepp RXII looks a little cup and handle like and has that nice upside gap to fill and a low to play against. My kind of set up
11:51 AM MarketMaven M Wow $HTGM new high of day nice play if I do say so
12:20 PM Flash G Haha didnt even see that until now great call Curt on $TREE
12:26 PM Curtis Melonopoly $HTGM candidate for runner tomorrow
12:26 PM MarketMaven M $ROSG come alive
12:28 PM Curtis Melonopoly $SNAP should be on watch for tomorrow too
12:37 PM Curtis Melonopoly Hopefully no of erring tonight on $HTGM
12:37 PM MarketMaven M whoa
12:43 PM MarketMaven M $DRYS HOD hahahaha
12:58 PM MarketMaven M $DRYS and others are active
1:03 PM MarketMaven M You meant offering on $HTGM Curt?
1:04 PM Curtis Melonopoly yes
1:04 PM Curtis Melonopoly possible
1:04 PM wintonresearch shippers look nice
1:04 PM wintonresearch TOPS SINO ESEA
1:05 PM wintonresearch cheapo entries
1:11 PM MarketMaven M $FUEL highs
1:21 PM MarketMaven M Doesn’t look like we’re getting an EOD trade
1:21 PM Flash G very quiet but lots of good study today
1:24 PM Curtis Melonopoly $USRM parabolic new HOD
1:25 PM Curtis Melonopoly OTC
1:29 PM wintonresearch nice Curt
1:29 PM wintonresearch fwiw i think shippers run tomorrow
1:32 PM wintonresearch mainly based on something i got on ESEA for Friday
1:32 PM Curtis Melonopoly sure looking that way
1:33 PM MarketMaven M $USRM 32%
1:42 PM Curtis Melonopoly nice action
1:45 PM wintonresearch any news on it
1:45 PM wintonresearch or just rabid buying lol
1:46 PM Curtis Melonopoly no idea
1:48 PM wintonresearch one to watch- $RGSE exec bought 15,000 shares on friday- that chart is basing well- with just a 10M mkt cap
1:49 PM wintonresearch esp if we get another spec stock thrust higher
1:52 PM MarketMaven M yes!!! $RGSE
1:52 PM MarketMaven M I’m in $USRM btw
1:52 PM MarketMaven M I held 50% when Curt closed
1:52 PM MarketMaven M very happy today
1:57 PM Curtis Melonopoly that was awesome
1:58 PM MarketMaven M yessir
1:58 PM Flash G You folks have a great night! Good play Maven!
1:58 PM MarketMaven M thanks flashy!
1:58 PM wintonresearch nice work all
1:58 PM Curtis Melonopoly it’s going again lol
1:58 PM Curtis Melonopoly wow
1:59 PM Curtis Melonopoly by Nicholas! end crew best
1:59 PM MarketMaven Mbuy guys
2:00 PM Curtis Melonopoly Have a great night!
Note: In my trading review above in this post I outline the $USRM trade I took in at 53 out at 68 that I couldn’t alert and why.
We are going to try another trading room – yes, but we gotta try and get what will work best, we’ll get you details. The YouTube platform we are having difficulty with outages, transcripts and lags.
Yesterday’s Stock Trading Results (the $SNAP momo trade may help some early traders)
Per previous;
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms and Daytrading Quarterly Performance Reports are being compiled as I write and will be posted soon.
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 93% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or suport) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also new on watch $CEW, $MYL, $TZA, $TREE
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Jobless claims rise sharply in the last week http://seekingalpha.com/news/3252988-jobless-claims-rise-sharply-last-week?source=feed_f … #premarket
$SNAP initiated at Neutral at Piper. PT $23
$SSH 1.5M float with 20% of it shorted – Says ~20% More Hospitals Regularly Purchasing Disposable Blood Sets In Q1 vs Q4
$HTBX Heat Biologics’s buy rating reiterated at Noble Financial
$FEYE upgraded this morning by Goldman to BUY
FireEye +8.18% pre-market, upgraded from Sell to Buy at Goldman Sachs http://seekingalpha.com/news/3252987-fireeye-plus-8_18-percent-pre-market-upgraded-sell-buy-goldman-sachs?source=twitter_sa_factset … #premarket $FEYE
Bitcoin jumps back over $1,000 http://seekingalpha.com/news/3252964-bitcoin-jumps-back-1000?source=twitter_sa_factset … #premarket $GBTC $BTCS $COIN
Proofpoint downgraded to Sell at Goldman http://seekingalpha.com/news/3252961-proofpoint-downgraded-sell-goldman?source=twitter_sa_factset … #premarket $PFPT
Longest rally for yen in six years http://seekingalpha.com/news/3252978-longest-rally-yen-six-years?source=twitter_sa_factset … #premarket $FXY $DXJ $EWJ $YCS
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: $RACE $SCS $KR $SVU $MANT $MLHR $VRNS $FEYE $RSPP $EGN $ECA $DDR $DLTR $MT $MLHR $LAZ $DXPE $KR $VRNS as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $RARE $NSC $DG $CNC $WLL $PFPT $MO as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Review of Compound Trading Chat Room Stock Trading, Algorithm Charting Calls and Live Stock Alerts for Monday Feb 27, 2017; $HTGM, $LPJC, $I, $IMGN, $VOXX, $VRAY – $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM etc…
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.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .
Notices:
We are working on a series of videos that include trades from week of Feb 20 – 24 and various educational topics that we expect to have posted to Youtube by Mar 5, 2017.
Overview Perspective & Review of Markets, Chat Room, Algo Calls, Trades and Alerts:
Monday was very calm for me – I was on tel-conference most of day with media so I had my eye on monitors but that was about it. I did talk to some members and reviewed transcript, and considering choppy market members did quite well.
I am holding (in order of sizing – all moderately small to small sizing) $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM (this is the daytrading portfolio and does not represent swing trading service portfolio):
Trading and The Markets Looking Forward:
Recent notes in post market reports that still apply,
“The small and micro momentum stocks continue to pop, however, traders need to be cautious because often its the low floats and thin trade can be difficult to chip out of positions – caution warranted in many ways.”
“These low float micros have in past signaled the end of a cycle in the market – keep that in mind.”
“Our standard plays that reflect the six algorithm charting we do are all at decisions at either support or resistance so this should get really interesting soon.”
Per yesterday, “Our swing trading side continues to outperform all my expectations for 2017 (you can find the most recent unlocked swing trading newsletter on our blog) – I had a feeling it was going to do well, just didn’t quite expect a grandslam. We’re in the middle of compiling our next set of stock picks for the swing trading members and will have them out over next few days – hopefully that batch will bring the same type of returns as the new year batch did and continue to in most instances.
US Dollar $DXY $USDJPY $UUP:
Per recent; $DXY US Dollar is threatening to the trend reversal side, but not confirmed, awaiting market direction.
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
Per recent; Gold and Miner’s are both at what we consider key resistance.
Silver $SLV:
Per recent; Silver is at what consider key resistance.
Crude Oil $USOIL $WTI:
Per recent; Crude oil continues to threaten a key support and resistance area that we have used as an area of accumulation long (we’re long as long as the trend is in place – the trend is your friend and we’re trading the range until it isn’t).
Volatility $VIX:
Per recent; Volatility continues its flat line.
$SPY S&P 500:
Per recent, “$SPY continues the break-out. Trade the Fibs and buy the dip until you can’t. Respect stops.”
09:10 am Sandra Q : fr Curt Protected: PreMarket Trading Plan Mon Feb 27 $LJPC $PIRS $ONCS $SGMO $GOGO $FIT LINK: https://compoundtrading.com/premarket-trading-plan-mon-feb-27-ljpc-pirs-oncs-sgmo-gogo-fit/PASSWORD: PREMARKET022717
09:12 am Mathew Waterfall : Not much exciting me here. Will be looking at $GDX calls on fiurther weakness however
09:19 am Curtis M : On a conference call for open but will post trades in chat.
09:26 am MarketMaven M : curt $BSTG
09:30 am Sandra Q : Long $CLRB
09:30 am sandeep a : Adding to $UGAZ
09:31 am Mathew Waterfall : $UGAZ/$SWN adds. averaged down far enough in both. Dont with the ads there
09:31 am lenny e : $NE long on pb
09:32 am lenny e : Curt you were dead on with $OWCP
09:33 am lenny e : $LJPC likely stops here
09:33 am darnel t : long $WKHS
09:34 am Optionsavvy none : gm
09:34 am MarketMaven M : $WKHS huge contract news for company that size
09:35 am Optionsavvy none : ONCS looks sad on near time frames
09:36 am Optionsavvy none : WKHS came up on scans a week ago. I DD them and looks like decent support here in low 3s. like that one
09:37 am darnel t : There goes Curt’s $OWCP and I didn’t take on Fri
09:37 am Sandy S : $CNBX 17%
09:38 am lenny e : $GOGO gadget go 16% not bad
09:39 am Optionsavvy none : am I supposed to be hearing audio ?
09:40 am lenny e : $UGAZ very temting
09:40 am lenny e : Options Curt on conference call no audio yet
09:40 am Mathew Waterfall : $UGAZ is longer term swing for me. Only way I like to play natty unless you keep the leash super tight
09:41 am lenny e : $OWCP has news too
09:41 am lenny e : $KTOV wow rocket
09:42 am Curtis M : $OWCP rock star – preached it but not in it right now ugh
09:43 am Curtis M : Should be done on conference call 1045 fyi
09:43 am Curtis M : pre interview for program prep
09:44 am Sandra Q : $JAGX ss
09:44 am Sandy S : $SLV add to long swing
09:45 am Sandy S : Long time frame $SLV swing ( 3mos approx)
09:46 am Curtis M : Nce call on $WKHS looks good
09:51 am lenny e : $LJPC crazy strength
09:52 am Orlando V : $OHGI micro play long starter
09:52 am Curtis M : morning Orlando – welcome to the group!
09:53 am Curtis M : Been watching $OHGI for a few weeks Orl
09:54 am Del E : $OWCP have to say decent play
09:55 am Curtis M : $OWCP looking for pull back wash out type play or over 52 week high now 3.25 ish
09:55 am Curtis M : had finger on trigger EOD Fri and ddn’t pull
09:56 am Cara R : $TSLA lol Elon pissed someone off
09:56 am Optionsavvy none : BLPH looks like it might go soon
09:58 am Cara R : ya we been watching $BLPH $OHGI $BSTG and a few others with keen interest – Curt’s been in and out of them waiting for a break I think like $OWCP
09:58 am Optionsavvy none : IRMD popping up on scan just watching for now
09:59 am Optionsavvy none : SRRA up on scan also but caution its being pumped a lil
10:02 am Paul M : Pending home sales drop unexpected they say.
10:02 am Optionsavvy none : XHB bullish on home builder neg
10:03 am Cal E : Curt, followed your $VRX last week…. looks really good fyi
10:05 am saul r : $TSLA 50 MA near
10:05 am Curtis M : Morning Saul welcome aboard!
10:08 am Jack D : Curt, speaking of $VRX I followed that one too and $AMZN from swng newsletter, you never published a $TSLA swing….. thoughts on 50 MA?
10:08 am Curtis M : don’t like $TSLA lol
10:08 am Orlando V : lol
10:09 am Curtis M : may be decent short term bounce but not my thing
10:09 am Mathew Waterfall : That’s basically the same thing I said in here last week
10:09 am Sandra Q : ya Mat and Curt agree
10:09 am Sandra Q : just not my thang
10:10 am darnel t : $EVOK jig
10:10 am darnel t : $ENPH b/o also
10:10 am Optionsavvy none : Curt with your CL alerts are you using the cash contract or the CL_F current month ?
10:11 am Curtis M : FX: $USOIL $WTI
10:11 am Optionsavvy none : so CL_00 or CL_F ?
10:11 am Optionsavvy none : ok thanks … I was looking at futures wondering where you pricing was coming from 🙂
10:12 am Curtis M : $KBSF halt
10:17 am Sandy S : Not sure about $NATGAS here ….
10:20 am Sandy S : $RTN on the move
10:23 am lenny e : long $X
10:29 am darnel t : Mathew, I know Curt’s on a conference call…. wondering if you know significance of why it is important when Bonds and Stocks moving in Tandem re: Curtis’ tweet? any thought?
10:31 am sandeep a : $TWTR call flow guys
10:32 am sandeep a : I can DM you a response to bonds darnel
10:32 am Mathew Waterfall : On the mic
10:32 am Curtis M : kk
10:33 am Curtis M : $HTGM halt
10:36 am Del E : Long some $TSLA lol
10:37 am MarketMaven M : thanks Mathew!
10:37 am sandeep a : ya mat
10:39 am Mathew Waterfall : No problem, kind of a messy question to answer as like I said there are a couple variables in bond pricing even leaving out spreads and things like that
10:39 am Sandra Q : 🙂
10:40 am Curtis M : appreciate that Mat – better grasp than I have on it
10:43 am Curtis M : $AMD finger on trigger numerous times over last month ugh
10:44 am Mathew Waterfall : Soe decent call flow in $AMD today to follow last weeks action as well
10:48 am Mathew Waterfall : $CHK swing starter
10:49 am Sandy S : $KALV long r/g
10:54 am Sandy S : Gold HOD
10:55 am Mathew Waterfall : Miners to the launch pad please, miners to the lanchpad
10:55 am Sandy S : lol
10:58 am Mathew Waterfall : on the mic
10:59 am Curtis M : kk
11:05 am lenny e : Mats updates needed 🙂
11:05 am pete f : yup
11:07 am sandeep a : thanks as usual mat
11:08 am Sandra Q : taking lunch
11:13 am Mathew Waterfall : you bet guys. Im going to take a quick breka as well
11:15 am darnel t : Gold b/o
11:18 am Mathew Waterfall : gold testing the 200 day. Through that should have some power
11:18 am Mathew Waterfall : k now break. back in a few
11:23 am Sandy S : yup unch
11:25 am darnel t : $UGAZ long – gone 4 lunch
11:27 am Curtis M : lunch
11:29 am Optionsavvy none : CTMX
11:29 am Optionsavvy none : into res here but could play nicely as a brekaout
11:50 am Sandy S : Gold not stoppin
12:11 pm Mathew Waterfall : $GDX starting to respond. Still waiting for the chase to start here
12:27 pm pete f : Starting a $NUGT swing for over 200 day launch
12:32 pm Optionsavvy none : bbl gl all
12:44 pm Sandy S : L $INSY for bounce
12:55 pm MarketMaven M : long $VRAY
12:56 pm sandeep a : $SSH HOD Curt
01:26 pm Orlando V : Long $DDD on ER play smaller size
01:38 pm Dave R : $BAC have been holding 16 mos – will start to sell off soon in small blocks – longest hold in my portf
01:38 pm Curtis M : wow nice Dave – commitment lol
01:39 pm Mathew Waterfall : Wow nice trade and way to tick with it damn
01:39 pm Mathew Waterfall : Wish I was on vacation this week, doubt I’ll be trading too much but still have my eye on some $GDX calls
01:40 pm Curtis M : ya agree
01:44 pm Mathew Waterfall : Gold coming off after that 200 day tester. Silver also way off of highs. Scanners on my end pretty bare. Bopring
01:54 pm Sandy S : $VRML got some poppin
02:41 pm MarketMaven M : omg slow
02:43 pm Curtis M : $I halt
02:43 pm Mathew Waterfall : super slow on my end as well. Wasn’t joking about this week not looking active
02:48 pm Sandy S : wow $HTGM runnin again
02:54 pm lenny e : $NTN pop
03:09 pm Curtis M : I will be away from monitors but in office rest of day on a media call — will check monitors once in a while but it looks very slow.
03:10 pm lenny e : ok
03:10 pm Sandra Q : np
03:20 pm Mathew Waterfall : New high made in RTH on the /es. Would be wonderful if it was the last lol
03:32 pm Dave R : today mainly stalled trades no follow thru – see ya tomorrow
03:35 pm lenny e : $CBIO poppin in to EOD
03:41 pm Mathew Waterfall : This miner move is crazy. Not even sure I want to buy this dip
03:41 pm lenny e : i agree
03:49 pm Mathew Waterfall : have a good night everyone. See ya in the am
03:54 pm Curtis M : cya
03:54 pm MarketMaven M : bye mat
03:55 pm Sartaj Hundal : Got a minute for a call, Curt?
