Stock Trading Plan for Monday Mar 13, 2017 in Compound Trading Chat room. $HTBX $MBLY $CERU $VCEL $SDRL $SRRA $MYSZ $MTL $IT – $SPXL, $BLKG, $ONTX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $DRYS, $MGTI – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notes in red text below are new comments entered specifically today.
Notices:
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.
https://twitter.com/CompoundTrading/status/841078264537993218
The trading group link is below – if you have any problems let us know.
https://twitter.com/CompoundTrading/status/841256596038537217
Yesterday’s trading results here:
https://twitter.com/CompoundTrading/status/841215931053416449
Keep it Simple Swing Charting Post:
https://twitter.com/CompoundTrading/status/840839909573349376
Get in on the Gold trading vote – round 3!
Will the next leg in #Gold trading be up or down? Round 3. Tie breaker! $GC_F $GLD $XAUUSD $GDX $NUGT $DUST $JDST $JUNG
— Melonopoly (@curtmelonopoly) March 13, 2017
Current Holds / Trading Plan:
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $USRM, $XOM, $NE, $BLKG, $DRYS, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent’ $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:
Markets appear to be awaiting the Fed and a number of other factors.
I do have $NFLX on watch as a short, and long watches for swings also $TAN, $X, $XME, $AKS and a few others.
#Fed rate decision, #Brexit move & #Dutch elections could catch traders on the wrong foot. https://t.co/DD8epBE1bQ pic.twitter.com/l79RY0rCQb
— Holger Zschaepitz (@Schuldensuehner) March 13, 2017
https://twitter.com/JackDamn/status/841066984888496128
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $HTBX $MBLY $CERU $VCEL $SDRL $SRRA $MYSZ $MTL $IT
Futures flat with rate hike in sight http://seekingalpha.com/news/3250580-futures-flat-rate-hike-sight?source=feed_f … #premarket $SPY $QQQ $DIA $SH
$MRNS top-line data from patients with orphan, genetic disorders in mid-2017. Cash ~ $30M
Cempra engages Morgan Stanley to assist in strategic review; shares ahead 4% premarket http://seekingalpha.com/news/3250600-cempra-engages-morgan-stanley-assist-strategic-review-shares-ahead-4-percent-premarket?source=feed_f … #premarket $CEMP
Icahn adds to Herbalife stake http://seekingalpha.com/news/3250590-icahn-adds-herbalife-stake?source=feed_f … #premarket $HLF
Boeing dips after Morgan Stanley downgrade http://seekingalpha.com/news/3250587-boeing-dips-morgan-stanley-downgrade?source=feed_f … #premarket $BA
$MBLY stock resumes trade; soars 31% premarket after buyout deal with $INTC
Heat Biologics advances HS-110 to Phase 2 development; shares jump 56% premarket
Cempra engages Morgan Stanley to assist in strategic review; shares ahead 4% premarket http://dlvr.it/NcVBY8 #CEMP
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.
Momentum Stocks (Market Open and Intra-Day):
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:
(1) Pre-Market Gainers Watch-List: $HTBX $MBLY $CERU $VCEL $SDRL $SRRA $MYSZ $MTL $IT
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: I do have $NFLX on watch as a short, and long watches for swings also $TAN, $X, $XME, $AKS and a few others.
(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: $SALT $BPMC $MRVL $CDR $KRG $KIM $EQT $EQIX $FRT as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $TD $AIG $UNM $AMTD $BIVV $BA $DDR $XL 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).
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: $HTBX, $MBLY, $CERU, $VCEL, $SDRL, $SRRA, $MYSZ, $MTL, $IT – $MGTI, $NE, $XOM, $USRM, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $DRYS – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F