My Stock Trading Plan for November 1, 2016.

Good morning Wall Street traders! Trade them well!

On Watch: Momentum Follow-Through Stocks:

Looking for potential follow-through on $BRCO, $INTX, $HMNY, $NTP, $TWTR, $CETX, $NVCN, $ATOS, $AUY

I won’t explain in detail what I’m looking for in this forum (I’ll do that in that trade room for each that are considered as / if they are considered).

Monday’s momo:

$BRCO + 22%

$INTX +25%

$HMNY +7.14%

$NTP + 7.86%

$TWTR +1.64%

$CETX +5.26%

$NVCN +29.96%

$ATOS +21.05%

$AUY +4.09%

On Watch: Morning Momentum stocks TBD.

$SPY Set-up / Volatility $XIV $TVIX $UVXY $VXX 

I think there is a set-up with $SPY… wait for volatility and play it – beyond that I’m not trading $SPY or related instruments because I believe the Fed is in there and has it pinned – period. Not enough width IMO.

$SPY, $TVIX, $XIV, $UVXY

Trading $SPY Volatility ($XIV, $TVIX, $UVXY, $VXX Etc)

$VIX – Volatility ($XIV, $TVIX, $UVXY, $VXX, etc)

My problem with $VIX is that I can’t take a trade this high in $UVXY etc. because I would want $VIX closer to 13 (but it may get away on me) and I can’t take a trade in $XIV etc because I don’t expect volatility to settle down before the election. So I’m watching very close between now and the election. I believe there will be daily opportunity here starting Wednesday at latest – there was lots of “insurance” buys Monday… so Tuesday may even open an opportunity.

$VIX 1049 PM Oct 31

$VIX 1049 PM Oct 31

$DXY US Dollar Index ($UUP) – $FXY Japanese Yen Trust, $CNY, $TZA, $SMK / $EWW

There is nothing broken in the US Dollar Index chart IMO. The continued targets I’ve previously posted stand unless conditions change.

$DXY, US Dollar Index

$DXY US Dollar Index 1114 PM Nov 1

$FXY Japanese Yen Trust – Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

If you’re thinking of taking a position in Gold Miner’s this is good to follow. Last night it started to turn around and miner’s ran Monday (so no surprise and should have been an easy trade – distracted lol) so watch it if it continues to rise 9/10 times miner’s will follow… I even watch it with Gold plays and even before I take a small cap Gold company or miner position.

$FXY, Yen

$FXY Japanese Yen Trust Oct 31 1121 PM

$TZA – 3x Small Cap Bear

Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically – it can be a great daytrade.

$TZA

$TZA, Small Cap Bear 3x

$SMK / $EWW (Mexico Capped ETF)

If you think Trump is going to win you want to short $EWW or play $SMK (however thinly traded).

Crude Oil: FX $USOIL $WTI | FXCM $USO $UWTI $DWTI $CL_F #OOTT #Algo

Crude algo intra work sheet 1042 PM ET Oct 31, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Crude algo intra work sheet 1042 PM ET Oct 31, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

So crude had a significant downdraft Monday (OPEC / non OPEC couldn’t get it together I guess)… and ended up trading down to a diagonal trend-line (blue) from a previous time / price cycle and very near a horizontal price support (purple) and it appears that it will be heading for the nearest target EPIC the Oil Algo called. And to make matters worse (if you review a simple chart) the neckline support with oil has been breached (not that I give that much consideration).

I was going to take a long position in $UWTI at end of day but didn’t and will strongly consider one in the morning.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Looking for entry $GLD at 114.00 / 115.00 area – but I don’t think I will get that before the election.

Gold at 1266.65 is still one level up from my target closer to 1177.00.

On Friday I wrote that I expected Gold Miner’s to run Monday and that occurred – I will be watching them close. There again wanted a pull-back I don’t think I’m going to get.

Going in to election I am very bullish most commodities. I am currently running charts on miner companies too.

$JNUG +7.42% Monday

$JUNG

$JUNG October 31 – Junior Gold Miner’s Bull 3x

Silver – $SLV, $USLV, $DSLV

My position with Silver ($SLV) is similar as that with Gold ($GLD) in that I am waiting for one more downdraft – here again I may not get that.

$SLV, Silver

$SLV Silver

Natural Gas – $UGAZ $DGAZ

Here also, with natural gas I am looking for one level lower for an entry. It’s at 2.99 overnight and an ideal entry would be 2.86 (or at least a review there).

$UGAZ was off 9.42% on Monday so I will watch close Tuesday.

$UGAZ

$UGAZ Oct 31 -9.42%

The Finviz stock screener is available here:  http://finviz.com/.

Look forward to seeing you in the chat room. Visit www.compoundtrading.com and click on the link on the main page to enter the chat room.

Curtis


Review of my Stock DayTrades for Monday October 31, 2016.

My day online with wallstreet started about 8 hours before market open… getting my Pre Market Report ready… because of course it was our first day in our new chat room!

 

And ohhhh it was a good one (the premarket report)… and then WHAM! we were given our first opportunities in patience this morning when the internet throttled everything … I mean everything we were doing (my mobile couldn’t even run my twitter feed for the first hour let alone bandwidth intensive software), we couldn’t onboard many guests and more lol… so it will be nice when our permanent offices here are set-up soon. Until then we will continue on (with some minor aggravations like limited screen share but most issues we have arranged temporary solutions to get by).

Anyway… it actually worked out ok anyway because the market was really quite in the morning – especially the momentum plays… they did come alive but faded and there was no power hour to speak of. I did have the miners set for a possible buy and they did run – but I would have been light because I am pensive about running too far with them too fast – but soon I think they’re gone along with metals…. so it is a balance.

Momentum Stocks

The stock scanners are working really well (here’s a free stock scanner from Finviz if you’d like), that was proven in the room this morning. I looked on my Twitter feed (did symbol searches to see who was on it first) and our alerts with momentum stocks were within seconds of the first alerts – which considering that is not our primary trading thing… not bad I suppose.

$BCRD was the first momentum stock with a halt. I took an entry at 10.46 (missed the initial spike after halt – it really hit unusually hard there)… then added at 10.61 looking for follow through to 10.94.

$BRCD Stock Trade

$BRCD Stock Trade

brcd-stock-trade

Of course in the chat room the folks in there knew in advance of my Twitter stream what I was doing and where I added and where I was trimming. The voice broadcasting in the trade room seems to be an asset for sure – I think I and the other traders will find it useful (very quick and efficient and right on top of the action).

Then $NVCN was on a rocket ship…

And there were other plays – so we shared the charts, some  voice broadcast and plays on $INTX, $HMNY, $NTD, $TWTR, $CETX, $BRCD, $NVCN, $ATOS, $AUY and my favorite miss of the day YUP because I was distracted $JNUG and I guess $TVIX or $UVXY.

Crude Oil $USOIL $WTI

Crude had an awful day but it gave me a chance to trail out of my large swing position in $DWTI from a few weeks back in 1/3 chunks so that worked really for me – for my second win of the day.

Through-out the day in the room I was looking for a bounce in crude over and over again because of course it normally bounces at trend-line support, Fibonacci retracements, or algorithmic trend-lines…. but nope it did not so I did not take a day-trade on $UWTI or any oil small cap stocks etc.

I see this evening it did get lift and IT GOT LIFT RIGHT WHERE I WAS GOING TO TAKE A TRADE EOD in the chat-room but decided against it.

Crude Oil FX $USOIL $WTI Worksheet

Crude Oil FX $USOIL $WTI Worksheet

The mornings pre-market report will be YUGE!

Best!

Curtis