Review of Compound Trading Chat Room Stock Trading, Algorithm Stock Charting Calls and Alerts for Wednesday Feb 22, 2017; $CBMX, $ONCS, $MBOT $THCT $OWCP, $FNMA, $CNBX – $DUST, $ASM, $SSH, $VRX, $JUNO, $CBMX, $TRCH, $LGCY 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:
I know I still have to get Tuesday’s trading results out – I’m out of time this morning so likely not until this weekend.
I will be in room Thursday for open but traveling rest of day. I will also be in room as reception allows while en route intra-day.
https://twitter.com/CompoundTrading/status/834540406436032512
Overview Perspective & Review of Markets, Chat Room, Algo Calls, Trades and Alerts:
I had a blast Wednesday as did our members. In fact Tuesday and Wednesday were two of the bigger days this year for our members. Being on top of the market currents helps – our crew has been right on top of it. Nice trading group for sure!
I got out of $JUNO swing with nice gains yesterday and $CBMX swing Wednesday after market for near 100% gains.
Trade during the day was a series of snipes – I was trading with my small account and increased the account size by 26% in one day! Going to do a recap video on weekend on how I did it.
$CBMX, $ONCS, $MBOT $THCT $OWCP, $FNMA, $CNBX were the active plays in our group.
Momentum / Note-able Stocks Today (via FinViz):
Ticker | Last | Change | Volume | Signal | |
BASI | 1.33 | 31.68% | 400200 | Top Gainers | |
LNTH | 12.15 | 29.95% | 1794400 | Top Gainers | |
EVK | 2.61 | 29.73% | 13502 | Top Gainers | |
INAP | 2.31 | 27.62% | 10243100 | Top Gainers | |
AETI | 2.40 | 23.08% | 108800 | Top Gainers | |
KBSF | 6.90 | 22.99% | 885253 | Top Gainers | |
GRVY | 35.58 | 20.94% | 95606 | New High | |
BCLI | 4.51 | 14.47% | 1179849 | New High | |
LNTH | 12.15 | 29.95% | 1794400 | New High | |
EMES | 23.49 | 14.75% | 1265300 | New High | |
PLSE | 14.49 | 4.77% | 176800 | Overbought | |
SHOP | 63.59 | 0.81% | 1198448 | Overbought | |
QPAC | 10.09 | 0.40% | 1372733 | Unusual Volume | |
SLIM | 23.14 | -2.45% | 14800 | Unusual Volume | |
ARGS | 1.48 | -66.48% | 7259400 | Unusual Volume | |
SNGX | 2.38 | 8.18% | 1323000 | Unusual Volume | |
CYOU | 28.03 | -0.39% | 327600 | Upgrades | |
ACCO | 14.15 | 9.69% | 1707600 | Earnings Before | |
PPBI | 40.95 | 0.86% | 165274 | Insider Buying |
Stocks, ETN’s, ETF’s I am Holding:
I am holding (in order of sizing – all moderately small to small sizing) $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM:
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:
$DXY US Dollar is threatening to the trend reversal side, but not confirmed, awaiting market direction.
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
Gold and Miner’s are both at what we consider key resistance, below is a quick periscope video that walks you through what our algorithm @RosietheAlgo is up to.
There's Gold in them thar hills boy! UPDATE. $GOLD $GC_F $GLD $XAUUSD $GDX $NUGT $DUST $JDST $JNUG @ROSIETHEALGO https://t.co/tuPsregfrf
— Melonopoly (@curtmelonopoly) February 17, 2017
Silver $SLV:
Silver is at what consider key resistance.
Crude Oil $USOIL $WTI:
Crude oil continues to threaten a key support 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:
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.”
Natural Gas:
Natural gas did loose the 200 day and the next most probable Fibonacci line is at 2.74 ish, however, in overnight trade it did gets some upside momentum – so the jury is out on $NATGASUSD.
$NATGASUSD lost 200 MA and likely to see at least 2.74 pic.twitter.com/tFFiuMjoEt
— Melonopoly (@curtmelonopoly) February 16, 2017
Momentum Trades:
As noted above, the low float micros and small cap issues continue in momo.
Swing Trading:
As noted above, we have literally sent one out of the park after another. Continues to look good forward.
The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Announcements in Compound Trading Chat Room:
The weekend webinar series went very well! You will find the links to the videos of each 20 minute webinar on our Twitter feed! Such as with this;
https://twitter.com/CompoundTrading/status/831261256162144258
Compound Trading Stock Chat-room Transcript:
Miscellaneous chatter may be removed.
Announcements in room:
08:56 am Curtis M : Morning! Protected: PreMarket Trading Plan Wed Feb 22 $ONCS, $OWCP, $GRMN, $DCTH, $UGAZ, $FNMA, $BSTG LINK: https://compoundtrading.com/premarket-trading-plan-wed-feb-22-oncs-owcp-grmn-dcth-ugaz-fnma-bstg/ PASSWORD: PREMARKET022217P I wll be away from room after 2PM ET today FYI.
Transcript:
08:53 am MarketMaven M : Protected: PreMarket Trading Plan Wed Feb 22 $ONCS, $OWCP, $GRMN, $DCTH, $UGAZ, $FNMA, $BSTGLINK: https://compoundtrading.com/premarket-trading-plan-wed-feb-22-oncs-owcp-grmn-dcth-ugaz-fnma-bstg/PASSWORD: PREMARKET022217P
09:06 am Mathew Waterfall : In a bit more $UGAZ here premarket. Not full size just adding a bit
09:06 am MarketMaven M : yup good call
09:16 am darnel t : $AMD $CIG my watches
09:19 am Mathew Waterfall : BTW forgot to type this in original note. Natty tagged the august swing low at 2.522 ON and bounced. Level I mentioned on the mic yesterday
09:19 am Lenny E : been watching that $THCT too
09:20 am Curtis M : I wot be on mic this morning – contractors have another day in here with saws etc. Will pot entries in chat.
09:28 am Sandra Q : $DCTH might have follow thru at open
09:30 am Lenny E : $DCTH + 22%
09:30 am MarketMaven M : Long $MBOT
09:32 am Deb E : With ya n $MBOT
09:33 am Curtis M : $INAP halt
09:34 am frank r : Taking your $THCT $OWCP for a long spin curt look good
09:37 am frank r : not sure about $UGAZ yet
09:40 am Mathew Waterfall : Im some $PPP here on this pull. Small name so risky but like it if it can hold .7 for a run back north
09:41 am Lenny E : $THCT and $OWCP in with ya Frank
09:41 am Mathew Waterfall : $NM brutal action new high over res into flush
09:43 am Curtis M : $MBOT $THCT $OWCP wow all great entres guys and gals! Congrats nice gains .
09:43 am Lenny E : You kinda made that easy lol not that I couldn’t do it on my own… but u get the point
09:44 am MarketMaven M : ya day 2 of set and wham thanks guys good plays
09:45 am Curtis M : y agood plays for sure
09:47 am frank r : in $GALT small
09:50 am Shafique M : $SRRA engines activated flow
09:54 am Curtis M : $AXR halt
09:54 am Mathew Waterfall : Bonds and dollar both up in the face of the FOMC minutes. We;ll see what happens at 2 but that indicates a lot of short covering for me
09:57 am Sandra Q : $SRRA wow supper strong
10:04 am Curtis M : Oout of $BSTG for now for small gain will look to reenter over lunch hour maybe
10:10 am Curtis M : $FNMA L 2.59
10:17 am darnel t : $OWCP beast yeehaw
10:24 am MarketMaven M : lol good call on $FNMA up 10% since your entry haha
10:28 am Curtis M : Out $FNMA 2.87
10:30 am MarketMaven M : sweet scalpers
10:37 am Curtis M : $FNMA might go again
10:38 am Curtis M : think ill wait to lunch and look
10:59 am Mathew Waterfall : On the mic
11:01 am Curtis M : Long $CNBX
11:03 am Curtis M : 4.80 entry lookin for 5.30
11:04 am darnel t : nice one in with ya
11:05 am Curtis M : out 5.34
11:07 am MarketMaven M : sweet I banked on that one too didn’t have time to alert lol
11:09 am Curtis M : $CETXP
11:09 am Curtis M : Halt
11:11 am Lenny E : $ALIM 12%
11:13 am frank r : Curt, tthe stoch RSI PB may be a good hammer down on $CNBX fyi
11:13 am frank r : OA turning up any second, but time of day off
11:14 am frank r : Man,,,, hitting every move this room last few days especially
11:14 am darnel t : been tight frank
11:15 am Lenny E : focus more in bound soon\
11:15 am Sandra Q : amen
11:15 am Deb E : $CNBX high prob
11:16 am Curtis M : stoch rsi settng up loading
11:17 am Curtis M : OA turned neg… likely TOD
11:19 am Curtis M : Watch for bounces all the way down 3.50 ish should be the big one this afternoon
11:20 am Curtis M : L CNBX 4.40
11:21 am Curtis M : tight
11:24 am Curtis M : had to cuut 4.59
11:24 am Curtis M : not ready imo
11:24 am darnel t : funny i stick
11:24 am darnel t : stuck
11:24 am MarketMaven M : ya Im with ya darn
11:24 am MarketMaven M : stoch rsi has room
11:25 am Shafique M : i cut 4.69
11:25 am Shafique M : choppy time of day
11:25 am Shafique M : bug wins were this morning…. revisit at lunch aft
11:26 am MarketMaven M : look at that u guys cut right I’m out
11:26 am darnel t : me too
11:26 am darnel t : oh well big morning small gain there still winning gonna likely get some lunch and reset
11:28 am MarketMaven M : these pot manias have been unreal…. will prep a list for this aft session
11:30 am Curtis M : Chart bot nailed the buy location on that $THCT dip but I missed it
11:30 am Curtis M : and an earlier buy it nailed too
11:32 am darnel t : we sniped that tight lol
11:32 am MarketMaven M : advanced indicators baby
11:32 am MarketMaven M : $CNBX darn?
11:32 am darnel t : ya
11:33 am darnel t : we got in and out b4 enemy knew we were there lolol
11:33 am MarketMaven M : yeah it was tight
11:34 am Cara R : i learn sh@t from you guys everyday
11:34 am MarketMaven M : ha learn from you too back at ya
11:35 am MarketMaven M : whats our primary bounce target on $CNBX again?
11:36 am frank r : Curt was thinkg 350 ish
11:36 am frank r : I’m waiting – time of day against us for an hour or more here
11:37 am MarketMaven M : concur
11:38 am Cara R : $IGC scanner
11:38 am Cara R : looks like curt has it
11:39 am Curtis M : yup
11:40 am Curtis M : its a meh imo
11:48 am Curtis M : $CNBX almost looks lk double bottom
11:49 am Mathew Waterfall : In some $IAG here against the 50 day
11:50 am Sandra Q : $FNMA 3.00 Curt – good call and nicer for anyone holding
11:53 am Curtis M : Gonna get a lunch back in 30 mins to hit it – market still suitable for these hopefully it continues
11:53 am MarketMaven M : same see ya soon
11:57 am Curtis M : $CNBX watch
12:03 pm Curtis M : Long $CNBX
12:03 pm Curtis M : 3.48 tight
12:04 pm darnel t : nice indicators on
12:04 pm Lenny E : she may work
12:06 pm MarketMaven M : lol couldnt finish my soup
12:06 pm MarketMaven M : tcoh rsi is almost topped guys
12:06 pm MarketMaven M : stoch sorry
12:07 pm Curtis M : closed $CNBX
12:08 pm Curtis M : i cut 3.80
12:08 pm MarketMaven M : holding
12:08 pm Shafique M : me too
12:08 pm Shafique M : uh nope I’m out
12:08 pm Lenny E : holding its going here guys
12:09 pm Curtis M : Ill wait for Stoch RSI to cool and see
12:09 pm Curtis M : big volume coming
12:09 pm Curtis M : TSI turning up
12:10 pm Curtis M : ugh its gonna go lol fark
12:11 pm darnel t : yup bye bye
12:11 pm Curtis M : ugh lol oh well congrats to the holders haha
12:14 pm Vic F : $WIX poppin
12:16 pm Curtis M : should cool down now for at least 30 mins so i’ll grab a quick lunch now lol
12:28 pm Deb E : $NAK positive mention Agora
12:32 pm Curtis M : back
12:34 pm Curtis M : $CETXP halt
12:34 pm darnel t : Long $OWCP
12:38 pm MarketMaven M : turn could be here
12:45 pm MarketMaven M : time of day better
12:50 pm Sandra Q : Long $CETX xnap back play also
12:52 pm Kevin T : $USRM pop
12:54 pm MarketMaven M : $OWCP should be good to go at bottom of the stoch rsi this round…
12:55 pm MarketMaven M : not that it wasn’t last time but I’m not that good of a knife catcher
12:56 pm Curtis M : long $OWCP
12:57 pm MarketMaven M : hmmm
12:57 pm darnel t : I”m in
12:58 pm darnel t : even though your little stoch RSI there is maxed lmfao
12:58 pm MarketMaven M : I’m in the bot says buyy
12:58 pm MarketMaven M : lmfao more
12:59 pm Shafique M : holy didnt want to but lets do it
01:07 pm John M : Curt you entered b4 your stoch rsi was at bottom… how did you know it wouldn’t hit bottom?
01:08 pm Curtis M : guessed
01:08 pm Deb E : ya
01:08 pm Deb E : oh
01:08 pm Curtis M : TSI was trending
01:09 pm Curtis M : time of day
01:09 pm darnel t : giddy up
01:10 pm Curtis M : way to go longs $CNBX I left it thinking it would stall
01:13 pm MarketMaven M : vol now
01:14 pm MarketMaven M : should hit 100 MA there on the 1 min
01:20 pm Sandra Q : come on pop!
01:23 pm Curtis M : Out 1.67 – 1.87
01:24 pm MarketMaven M : lol holding again
01:24 pm darnel t : me too haha
01:24 pm Curtis M : up 35% or so on this small account I’m working today
01:25 pm Curtis M : hopefully get a recap vid done on it
01:25 pm Shafique M : all in on each time curt?
01:26 pm Curtis M : ya small account all in or more on each snipe
01:26 pm Curtis M : 100 ma on 1 didnt stop t lol
01:36 pm Mathew Waterfall : Another flush on natty. I have to remind myself that I called this a crazy trade last week lol
01:37 pm Curtis M : res 2.04 $OWCP or I’d take trade
01:51 pm Curtis M : Long $OWCP
01:52 pm Curtis M : just playing time of day so its tight well see
01:54 pm Mathew Waterfall : FOMC on deck as a quick reminder
01:57 pm Curtis M : out 7 cent loss
02:00 pm MarketMaven M : back in a bit FOMC break
02:01 pm darnel t : i guess i’ll break too
02:03 pm Curtis M : Going to meetings now good luck catch ya in morning!
02:07 pm MarketMaven M : see you curt
02:19 pm Mathew Waterfall : $BAC calls being bought all day. Thought they might slow down after that fed release, still getting hit which is odd to me
02:27 pm Curtis M : back lol plans changed here now for afternoon
02:45 pm frank r : $CETX might pop
02:46 pm MarketMaven M : $CETX might b decent here
02:46 pm MarketMaven M : good eye
02:57 pm Curtis M : $MBOT looks ok….
02:57 pm Shafique M : $PTX pop
03:07 pm Curtis M : $THCT?
03:13 pm frank r : $CPB blocks Campbells Soup!
03:15 pm Curtis M : $BSTG was hoping for 33 entry
03:17 pm Sandra Q : kind of a weak afternoon
03:17 pm Sandra Q : understated
03:24 pm MarketMaven M : That looks like it for plays for today – this morning was excellent and yesterday so I’m happy
03:32 pm MarketMaven M : lol
03:32 pm MarketMaven M : cheeky curt on twitter
03:33 pm darnel t : ya watch out I’ve known him long enough to know that means some moves coming
03:33 pm darnel t : it will be gold silver dollar and stuff watch
03:34 pm darnel t : right o sir curt?
03:37 pm Sandra Q : shit i wanted an afternoon hit wha
03:41 pm Curtis M : Well that was a time waster this afternoon… too bad
03:42 pm Mathew Waterfall : Yepp/ I think I made 2 trades today buying a bit more $UGAZ and soe $IAG earlier. snoozer week for me so far
03:42 pm Mathew Waterfall : O and some $PPP which is right where I bought it of course 😕
03:43 pm Curtis M : u might get a serous pop oon $UGZ over next 24 hours I’m staying out but I wonder
03:43 pm Curtis M : t might pop big
03:43 pm Mathew Waterfall : For me downside is limited with the upside being pretty open
03:43 pm Curtis M : yup
03:43 pm Mathew Waterfall : We’ll see, I trade risk/reward longer term set ups and it fis so I’m taking it
03:44 pm Deb E : well i learned a numch this morning fyi
03:44 pm Deb E : a bunch
03:44 pm Curtis M : good to know
03:44 pm Mathew Waterfall : That’s awesome! That’s what we’re here to do. Learn
03:45 pm Curtis M : I should have said hello to new folk in the room…. I know Leanne is new for sure so HELLO LEANNE!
03:46 pm Curtis M : She may be baking.
03:46 pm Leanne Arnott : Ha! Thanks Curtis, baking done for the day.
03:46 pm Curtis M : nice
03:46 pm Leanne Arnott : I am eating some homemade power snacks
03:46 pm Curtis M : stupid staff heh
03:46 pm Leanne Arnott : pulling my hair out.
03:46 pm Curtis M : yeah
03:47 pm Leanne Arnott : you know why I’m here!
03:47 pm Mathew Waterfall : If you need anyone to send baked goods to, keep me in mind
03:47 pm Deb E : lol
03:47 pm Deb E : $SRPT jiggy in to close
03:47 pm Leanne Arnott : I did learn a lot watching you guys and gals in here today while I was here
03:47 pm Deb E : yup jiggy
03:47 pm Leanne Arnott : will pay attention all day tmr
03:48 pm Deb E : ya theses guys gals are pro leanne
03:48 pm Curtis M : awesome
03:48 pm Leanne Arnott : I have zero to contribute but tons to learn so appreciate everyone
03:48 pm Lenny E : Curt and Mat always on opposite sides of trade and both win – now that TAKES SKILLZ
03:49 pm Mathew Waterfall : I was hoping this natty trade would be one where we both go long lol but yea we end up on opposite sides here and there. Different edges create different strategies and trades
03:49 pm Lenny E : $MBOT will offer tonight likely
03:50 pm Lenny E : its really you guys are showing different time frames is a better way to put it in all seriousness
03:50 pm Lenny E : pro skills tho
03:51 pm Lenny E : I didn’t put it right way saying opposite
03:51 pm Lenny E : Best example Curts gold algo calls botto perfect weeks in advance Curt doesn’t take trade and listen to algo and Mat takes the trade and wham
03:51 pm Curtis M : omog u had to remind me
03:52 pm Curtis M : that was my new house
03:52 pm Curtis M : lol
03:52 pm frank r : fummy
03:52 pm Mathew Waterfall : Who needs a house anyway. Shack on the beach
03:52 pm frank r : hahahah
03:52 pm Curtis M : amen
03:53 pm MarketMaven M : you’ll do great Leanne
03:53 pm Leanne Arnott : i’m at month 5 of learning this biz
03:53 pm MarketMaven M : just DM Curt or Mat on Twitter with questions I do lol
03:53 pm MarketMaven M : $BASI strong close
03:53 pm Leanne Arnott : glad I’m not the only one then!
03:54 pm MarketMaven M : haha
03:54 pm Curtis M : no .33 on $BSTG
03:55 pm Mathew Waterfall : Big MIM flip was sell side earlier now buy side about 300. Not a huge number but opened around 550 to the sell
03:55 pm MarketMaven M : hmm
03:55 pm Mathew Waterfall : now +500. interesting
03:55 pm MarketMaven M : hmm
03:56 pm Mathew Waterfall : Retail money often in last in moves, could be that
03:56 pm MarketMaven M : bernanke spotted at house
03:56 pm Leanne Arnott : I have to say these are the most colourful charts I’ve ever seen. Will take me a while to interpret
03:56 pm MarketMaven M : those ar enothing lol
03:56 pm MarketMaven M : just wait when he pulls out algos hahaa
03:57 pm Leanne Arnott : I don’t think I’ll ever figure them out!
03:58 pm Mathew Waterfall : Have a good night all, see ya in the AM for more melt up action
03:58 pm Curtis M : bye bye
04:00 pm Leanne Arnott : I’ll be up most of the eve studying these overlays! holy moley
04:00 pm Curtis M : have a great nigh all
04:00 pm Deb E : cya
04:00 pm Leanne Arnott : thanks Curtis
04:00 pm Lenny E : peace all
Be safe out there!
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Article Topics: $CBMX, $ONCS, $MBOT $THCT $OWCP, $FNMA, $CNBX – $DUST, $ASM, $SSH, $VRX, $JUNO, $CBMX, $TRCH, $LGCY – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500