Tag Archives: $IWM

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

Welcome to the Wednesday Wall Street trading session!

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

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

Rate Hike?

Things that make you go hmmm…

Momentum Stocks (Market Open and Intra-Day)

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

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists

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

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

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

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

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

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

Regular Trades:

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

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

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

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

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

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

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

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

May call from October 12, 2016 – Price Target Hit

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

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

$USD/JPY

$FXY

$TZA could get a bounce.

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

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

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

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

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

Silver $SLV ($USLV, $DSLV)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Wowza

Other:

Natural Gas ($UGAZ, $DGAZ)

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

Watching $RWM Russell 200 Short

Thinking Aluminum for some reason

Study:

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

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

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

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

GL!

Curtis

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