$MRNS Archives - Compound Trading Group

PreMarket Trading Plan Tues Feb 14 $UGAZ, $MRNS, $AEZS, $ZIAS, $CBIO

February 14, 2017February 20, 2017 Curt MelonopolyTrading Plan$AEZS, $CBIO, $MRNS, $ZIAS, Chatroom, Day-trading, Pre-Market, Stocks, Trading Plan, UGAZ, Watchlist

Stock Trading Plan for Tuesday Feb 14, 2017 in Compound Trading Chat room. $UGAZ, $MRNS, $AEZS, $ZIAS, $CBIO – $UWT, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO – 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!

Notices:

Trade Results: Be sure to review trade results post market report from yesterday.

Weekend Webinar Videos: The webinars from weekend that explain how our algorithmic chart models for each of six ($SPY, $DXY, $USOIL, $GOLD, $SILVER, $VIX) work, our Swing Trading and our Live Trading Room are now posted on our You Tube Channel.

Current Holds / Trading Plan:

All small size – $UWT, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO, $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).

General Market Outlook:

Most of my outlook is similar to yesterday, Fed is on deck so you never know how that will affect things.

$SPY has been active and markets continue to improve for daytrades a bit, $VIX dead so watching for spikes, $OIL in multi-week range (if they stop manipulating it will drop) – I took a long position in oil related $UWT at support and will add at support as long as it doesn’t fail support and will close trade at multi-week resistance, $GOLD and $SILVER everyone has gone bull so we will see, $USDJPY $DXY most say is going down so we’ll see, and natural gas looks like its near an interim bottom.

Morning Momo / News and Social Bits From Around the Internet:

Momo Watch: $UGAZ, $MRNS, $AEZS, $ZIAS, $CBIO

$CBIO, Premarket, Chart, Stocks, Trading, Plan — $CBIO Premarket Stocks Trading Plan – Chart Bot Perfect Buy Alert 355 PM Yesterday wow.

#earnings $TEVA $GRPN $TMUS $AMAT $CSCO $PEP $TSEM $ON $MGM $FDC $SHOP $ABX $INCY $QSR $MRO $LNCE $WEX $DCIX $TAP https://t.co/lObOE0dgsr pic.twitter.com/QuvZZLvneN

— Earnings Whispers (@eWhispers) February 11, 2017

S&P -0.02%.

10-yr -0.04%.

Euro +0.22% vs. dollar.

Crude +0.83% to $53.37.

Gold +0.71% to $1,234.45.

http://seekingalpha.com/news/3243129-hour

Incyte revenues up 34% in Q4; updates guidance http://seekingalpha.com/news/3243150-incyte-revenues-34-percent-q4-updates-guidance?source=feed_f … #premarket $INCY

Hologic takes out Cynosure for $1.65B ($66/share) http://seekingalpha.com/news/3243145-hologic-takes-cynosure-1_65b-66-share?source=feed_f … #premarket $HOLX $CYNO

Report: China’s announced steel capacity cuts were fake http://seekingalpha.com/news/3243147-report-chinas-announced-steel-capacity-cuts-fake?source=twitter_sa_factset … #premarket $X $MT $AKS $NUE

Freeport halts production at Indonesian copper mine http://seekingalpha.com/news/3243158-freeport-halts-production-indonesian-copper-mine?source=twitter_sa_factset … #premarket $FCX

$CS +1.6% #premarket after pre-tax profits beat expectations,boosted by a strong #quarter in investment banking and capital

Popeyes Louisiana Kitchen falls after NY Post tips no QSR buyout http://seekingalpha.com/news/3243161-popeyes-louisiana-kitchen-falls-ny-post-tips-qsr-buyout?source=twitter_sa_factset … #premarket $PLKI $QSR

Carnival starts to ring the register on Cuba business http://seekingalpha.com/news/3243174-carnival-starts-ring-register-cuba-business?source=feed_f … #premarket $CCL

CAE beats by C$0.03, beats on revenue http://seekingalpha.com/news/3243173-cae-beats-c-0_03-beats-revenue?source=feed_f … #premarket $CAE

Catalyst Bio +23% on trial plans http://seekingalpha.com/news/3243178-catalyst-bio-plus-23-percent-trial-plans?source=twitter_sa_factset … #premarket $CBIO

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: Gainers: $CGA 24%, $ZAIS 24%, $RELV 17%, $CBIO 15%, $GIG 13%, $RNN 12%, $SINO 11% $MRNS $AXSM $KOOL $DCIX $GALE $OHRP $AGEN

I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List: $GEVO -24%, $TTM -6%, $PFLT -3%, $PLX $JDST $UGAZ $DWT $DUST $AZN $MU $NVS 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).

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

Tweets by curtmelonopoly

Article Topics: $UGAZ, $MRNS, $AEZS, $ZIAS, $CBIO – $UWT, $ONTX, $VRX, $SSH, $ASM, $CBMX, $JUNO, $DUST, $TRCH, $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

Stock Trading Results Mon Jan 23 $MRNS, $SSH, $GALE, $NVLS, $MDGS and more.

January 24, 2017January 24, 2017 Curt MelonopolyPost Market Report (Trade Results)$DSLV, $DUST, $GALE, $JDST, $JNUG, $MDGS, $MRNS, $NVLS, $SSH, $USLV, Chat Room, Compound trading, Day-trading, Investing, Results, Stocks, Swing Trading, Trading Results, Wall Street

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Jan 23, 2017 $MRNS, $SSH, $GALE, $NVLS, $MDGS – $SPY, $GLD, $GDX, $SLV, $USDJPY, $DXY, $USOIL, $WTIC, $VIX, $NG_F…

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:

Two Week Account Double Challenge: It ended today (Monday) because there was a holiday last week (so ten trading days). I didn’t double, I think I was closer to 41% and our techs will do review vids and publish P&L soon for review. It started out really strong and as inauguration got closer market got less aggressive and has been since. The momo plays lacked follow through the last five or six trading days. Oh well! 41% ish isn’t bad. I’ll be looking to get my double up before the end of the month now and I’ll be targeting a double up per month going forward. Remember – all live in the room, recorded, transcript etc… no calling things after the fact – totally transparent room.

Daily Trading Results. I apologize, I haven’t had time to do last Wed, Thur and Fri yet – I will post them. To be honest they were so uneventful for me that I prioritized other work – but I’ll get them out soon.

A Special Note to Newer Traders or Folks Looking in to our Services: I don’t have a lot of time right now to explain this, you certainly don’t have a lot of time to hear it and I won’t single anyone out – but I do again find myself having to set something straight. There is a newer trader that admittedly has not been consistent in his/her oil related trading – so he/she has been in our room for the last four or so weeks and getting Epic the Oil Algo reports in the morning. Recent renewal comes up and he/she says there hasn’t been enough action, market weak etc… long story and I won’t give all the detail. Anyway, important notes for new traders are as follows;

First, if you are following my trades or anyone else’s that is very bad. Not good. Trade a plan. Learn from the room and reports – but learn to develop a plan and trade it.

Second, in the last four to six weeks there has been enough margin in oil related trade (if, like this newer trader of topic here you only trade oil related) that had I traded only oil related I would have increased my account 20 % or more. It’s all relative. I chose not to trade oil related because I trade what will bring me (in my advance assessment) the highest return for the least amount of effort in the shortest amount of time. So I have been trading momo stocks since Epic the Algo gave us clear indication that the oil related trade was at an inflection (which was spot on obviously with the trade of oil the last six weeks). BUT HAD I TRADED oil related, I can guarantee a minimum 20% return. And why can I say that? Because I’m totally transparent so I can – my trades stand on their own so there’s no arguing that. And, I can also say it because I actually care. Yup, that’s novel. We care about newer traders in our room so if you’re doing something stupid I gotta say it. And maybe by saying this others can benefit also.

For those that don’t know our trading room I trade $DXY US Dollar related (like $UUP early in the recent break-out last fall when our algo nailed it), Gold $GLD and related (which I missed at this turn but in past with our algo nailing it I trade and likely will trade again if our algo says another turn soon), Silver $SLV (same as Gold our algo nailed the turn and I do trade it), OIL $USOIL $WTI (and as many know I trade oil related intensely when EPIC our oil algo signals a trend reversal), $SPY and related and $VIX related such as $XIV, $TVIX, $UVXY and more. So I trade all those and the momentum stocks. You will find me in the ones specific to what I believe will return the highest ROI in the shortest amount of time – but that doesn’t mean you can’t trade something I am not. In fact, in the most recent turn that Rosie the Gold Algo called months in advance and SuperNova Silver Algo called many of our members have been banking DAILY on that move – but I haven’t traded it once. I missed the turn – I knew it was there of course because of the algos – but I didn’t execute in it. But the majority of the room has.

Hope that helps more than just one person. I sent out a tweet in honor of this interaction. If you’re a new trader my best suggestion is to really reflect on what this says. And if you ever need a bit of encouragement with it let me know please.

Study / Training -> Prerequisite. Great Calls -> Bonus. Great Execution -> Invaluable. Consistent Winning -> Healthy Mindset. No ShortCuts.

— Melonopoly (@curtmelonopoly) January 24, 2017

Promo Code Discounts are Ending: The 38.2% inaugural opening discounts end Jan 31, 2017 and we won’t be a promo driven type room – so if you’re thinking of jumping do it now. Also, the promo codes are technically all used up (we were only going to offer discount for first 200) so if you get an error message when typing in your promo code that’s on the website then let us know and a tech will sort it for you.

https://twitter.com/CompoundTrading/status/823791504602710016

SMS / Email Alerts: Our system was upgraded so all members will now start receiving them for each trade (morning momo trades may not have time to process alerts outside room fyi).

New Service Option: We now also offer a stand-alone trading room option (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00 /mth and w/ promo code is 1.22 per day.

New Service Option: EPIC the Oil Algo now has an Oil Report only option (vs. bundle w/ 24 hr trading room launching early 2017) at 199.00 and w/promo code works out to just over 4.00 day.

New Service Option: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Feature Post: There is a feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:

$MRNS, $SHH, $GALE, $NVLS. Today was all about momentum plays that had no follow through so I couldn’t size in – which has been my challenge the last eight trading days. Learning how to size in to trades is critical to trading success – you’ll notice even though the last eight days the momos have not allowed for significant size legging I didn’t get chopped to crap. So please, please don’t do this at home until you’ve practiced the discipline on paper trading first. Even a pro coach is a good idea – he/she at minimum should review your paper trades before you start in this process. It can be an account killer – or a blessing – it’s got a sharp edge and it’s fine the difference between the killing of your account and the blessed account.

$MRNS PREMARKET, Trading Plan — $MRNS PREMARKET

Momentum / Noteable Stocks Today:

Ticker	Last	Change	Volume	Signal
DRYS	5.40	434.65%	13764768	Top Gainers
BOXC	23.42	18.60%	40723	Top Gainers
VRAY	4.97	18.33%	307920	Top Gainers
MRNS	1.37	18.10%	27035209	Top Gainers
SMLR	2.00	16.28%	35201	Top Gainers
ACST	1.45	15.08%	1635711	Top Gainers
GIGM	3.52	13.18%	217716	New High
TCX	47.90	11.01%	331576	New High
CCLP	12.23	9.20%	324104	New High
VOC	4.14	7.53%	191201	New High
UVV	75.45	0.60%	501891	Overbought
WOOF	90.75	0.00%	2399633	Overbought
BIOL	1.68	14.29%	3857715	Unusual Volume
EMSD	24.40	0.62%	80763	Unusual Volume
BMLA	28.07	2.00%	18201	Unusual Volume
MRNS	1.37	18.10%	27035209	Unusual Volume
ADMA	5.46	7.91%	157277	Upgrades
AUBN	31.25	0.35%	4349	Earnings Before
MCC	7.51	0.27%	261367	Insider Buying

Holding:

$DUST, $CBMX, $JUNO, $ROKA, $ESEA, $TRCH

Looking Forward:

In overnight trade it looks like commodities are cooling a bit so I may look at inverse Gold or Miner’s ETN’s ETF’s Tuesday, also market has been calm since inauguration so I would expect a bit of a pop or drop here soon and I’m thinking a pop. So I’m looking forward to the last six days of trading in January.

The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Announcements in Trading Room:

08:28 am Curtis Melonopoly : Gainers: $MDGS 27%, $MRNS 25%, $GLBS 21%, $ETRM 16%, $BIOL 14%, $CYNO 8%, $NAK 8%, $DCIX, $HTBX $UNXL $SBGL $JNUG $BNCN $AU

09:17 am Curtis M : Morning! I will trade morning momos first and then review Swing Trades and standard algo plays OIL, GOLD, Etc after. Upgrades $ESS $COG $CVRR $TSU $CSX $WPZ $WMB $TGH $AVD $FLS $MSI $CMCO $BBT Downgrades $LXP $CLCD $CPT $HSTM $CVE $TVPT $WK $QCOM $VZ $KSU $RF

11:26 am Curtis M : Back at 1140 EST

Stock Chat-room Trading Transcript:

Miscellaneous chatter may be removed.

09:18 am Mathew Waterfall : Not in love with the movement of gold usd/jpy over night. Im watching and waiting before hloading up anymore on the metals and miners. Also dumped my $TVIX small weekend hold as we didn’t get much action there into the open and want it gone
09:18 am caide x : mornin guys
09:18 am Jon R : bank time
09:20 am Steve S : $BIOL +15%
09:27 am Mathew Waterfall : $BIOL looks nice here over pre market high
09:34 am Mathew Waterfall : Sold some $ESEA upo at 2 right off of open. Will restock below 1.8. Have a runner if it decides it wants more
09:34 am Curtis M : Long $MRNS 1.48 5000 out 1.58
09:37 am Gurpreet S : L $BIOL tiny start
09:38 am Curtis M : Long $MRNS 1.58 5000
09:43 am Jon R : Long $BIOL here looks good
09:44 am Curtis M : Long $MRNS 1.71 5000
09:48 am Curtis M : Long $MRNS 176 5000
09:50 am Curtis M : Out 174 15000
09:50 am Curtis M : Sorry 1.754 avg
09:53 am Shafique M : Sold $MRNS 1000 thanks Curt still praying for $BIOL 1000 shares
09:54 am Kari S : Looking at $NUGT here?
09:55 am Gunnar T : Long $CBMX for a swinger!
09:56 am Curtis M : Hey that;s my swing lol good luck!
09:56 am Mathew Waterfall : Im in there as well from last week. It sees spikes sooner or later,just have to have mucho patience with it
09:57 am Lenny K : $MRNS looks great
09:57 am Sandy S : $MRNS visits VWAP IMO
09:58 am Carol B : Love $GOOGL action – in long since last week Wed
10:01 am Curtis M : VWAP on $MRNS
10:01 am Curtis M : $TRGP halt
10:03 am Curtis M : Long $MRNS 1.73 3000
10:05 am Curtis M : Out $MRNS flat
10:08 am Curtis M : $ASM halt
10:08 am Curtis M : $TGRP resumed
10:14 am Greg L : I am long nfec here for a starter
10:15 am Mathew Waterfall : nfec
10:15 am Mathew Waterfall : Sorry looks good low volume if it can get above the weekly highs should run a bit
10:16 am Mathew Waterfall : 1.6 area resistance
10:18 am Curtis M : Rough morning – a lot of pfff vs momo
10:21 am Mathew Waterfall : Yepp. pump and dump off of the open market wide
10:22 am Mathew Waterfall : On the mic
10:24 am Greg L : ya! thanks for $TLT mat! winner for me
10:28 am Curtis M : Thanks Mathew. If anyone needs me to run through any algorithmic modeling charts let me know but it all looks within range from updates to me. No surprises.
10:29 am Curtis M : Had someone giving me a hard ime for no update $SPY today – how do you update that?
10:30 am Mathew Waterfall : Long $TVIX 6.18 for a run here
10:30 am Mathew Waterfall : $SPY update: up down up down up down. Back to the same place we started
10:33 am Mathew Waterfall : Stop at 6.2 on $TVIX. aiming for 6.4 if things really get going
10:34 am Mathew Waterfall : Out some 6.28
10:35 am Mathew Waterfall : I expect this dip in /ES to get bought per usual
10:35 am luis s : I have my eye on $TVIX all day so far haha
10:36 am Mathew Waterfall : In this current chop I like it for small scalps but i have no confidence in it putting it outsized moves as of yet
10:36 am luis s : ya
10:39 am Curtis M : $MRNS 1.685 avg 2000 L
10:52 am Curtis M : out 1.70
10:54 am Kari S : $QCOM for a bounce
10:56 am Curtis M : $DRYS in deep
10:56 am Curtis M : sinking that is
10:59 am Mathew Waterfall : $DRYS is hilarious in a sad way to watch from the sidelines lol
10:59 am Mathew Waterfall : Taking a quick break. Back ina few after scanning
10:59 am Curtis M : k
11:27 am luis s : I;ll hold down the fort lol
11:28 am Curtis M : back in 15 mins
11:34 am Mathew Waterfall : Choppy across the board today. Most of my scans aren’t favorable set ups. No edge, no trade for me
11:47 am Mathew Waterfall : Bearish overall across my indicators. $TVIX still grinding higher here as well with the VIX spike. Would be out at 6.4 to take a fresh look
11:48 am Mathew Waterfall : And just like that. Out here expecting a small buy oppin the overall market
11:49 am Mathew Waterfall : *buy opp. Vix should settle down befor another run if it has one
11:53 am Mathew Waterfall : $NUGT HOD. Thinking of selling another batch here. USD/JPY will probably ramp sooner or later if history is an indicator. Last wek they loved the afternoon ramps
12:33 pm Mathew Waterfall : Here;s my VIX pull though not in a huge rush to get back in. Watching /ES to see how it behaves but the dip is being bought with very mild strength so far
12:41 pm Curtis M : $TVIX VWAP
12:41 pm Mathew Waterfall : Gonna slice through it IMP
12:41 pm Mathew Waterfall : *IMO
12:48 pm Mathew Waterfall : Was just looking at $GALE thanks to AC lol decent set up against the low right below
12:58 pm Curtis M : $GALE Long 2000 avg 1.77 ish for break
01:00 pm Jon R : Long $GDX
01:02 pm Shafique M : Long $URRE
01:17 pm Curtis M : LOng $SSH
01:18 pm Mathew Waterfall : Trimmed some $SLW. Up over a buck a share form entry. Will add on pullbacks
01:20 pm Curtis M : Oil spike
01:29 pm Curtis M : Sold $SSH .20 gain 3000
01:29 pm Mathew Waterfall : $GALE beasting here. Good call there.
01:35 pm Mathew Waterfall : $NQ grinding all day
01:44 pm Mathew Waterfall : Im in $TVIX againt lows for cheap tester
01:48 pm Curtis M : No momo just pops
01:48 pm Curtis M : follow thru bites
01:48 pm Mathew Waterfall : So tought to time that stuff. No consistant names on the scanners and no real market direction. We should be at the beach
01:48 pm Curtis M : lol
01:57 pm Curtis M : poppin $GALE
02:00 pm Mathew Waterfall : $TVIX stop set at 6.2 again. Hate watching these when they’re moving slow so I’ll let it do it’s thing
02:00 pm Mathew Waterfall : Either way small win
02:11 pm Curtis M : stops wacked
02:17 pm Mathew Waterfall : $TVIX went again without me after getting stopped. Need more eyes or more alerts I guess
02:18 pm Curtis M : out $GALE small profit .06
02:18 pm Mathew Waterfall : Market again trending towards downside with dollar also giving it up and retesting the lows
02:19 pm Curtis M : Out $GALE 1.83 zzzz small gain sorry late alert was on phone
02:23 pm Curtis M : Theres buyers theyre just buying at support and scalping quick time on surges
02:24 pm Mathew Waterfall : Yepp. Catching those surges is key lol
02:25 pm Curtis M : I have never seen that word used so much as today its all over twitter surge this surge that wtf
02:26 pm Mathew Waterfall : Almost like media sources are lazy…
02:26 pm wei w : you’re right I searched it! shiiiit
02:27 pm Mathew Waterfall : Financial media Monday Jan23 memo: Please use following format for your headlines. “Prices surge to new_______. Could see further surges coming”
02:28 pm Curtis M : daytraders need surge protection
02:29 pm Curtis M : My guess … the daytraders are gonna run at least one here out of frustration
02:32 pm Mathew Waterfall : Becomes a bit of a guessing game at this point to try to front run something though. We have about an hour left is something is going to make a move for it
02:32 pm Curtis M : ya wack a mole
02:33 pm Mathew Waterfall : $NVLS making a move
02:36 pm Shafique M : $NVLS with strong close is a gap candidate for pre market imo
02:37 pm Kari S : add $NUGT
02:38 pm Mathew Waterfall : Miners lookins strong here.
02:38 pm Curtis M : yup
02:39 pm Curtis M : so did my first marriage
02:39 pm Curtis M : joke
02:39 pm Mathew Waterfall : hahaha
02:39 pm Mathew Waterfall : Miners will also drive you to the poor house and take your sports car just like a first wife so I see the similarities
02:39 pm wei w : in $NUGT too here guys
02:40 pm Curtis M : Wei active today
02:40 pm Mathew Waterfall : $MAGS crushing here as well
02:41 pm Mathew Waterfall : $TLT avoiding the lte day selloff that it saw most of last week. Showing good strength still like that play
02:43 pm Curtis M : LOng $NVLS for break out 2.20 2000 shares really tight – out flat mins later
02:45 pm Curtis M : doesnt look good
02:46 pm Curtis M : Stoch RSI turning down
02:55 pm Curtis M : common theme today
02:57 pm Mathew Waterfall : Rope a dope left and right. Maybe we just need to settle this arguement about how many people were actually at trumps inauguration and things will move again
03:06 pm Curtis M : can I just get one? one little supernova pls
03:06 pm Mathew Waterfall : Here we were all mad when granny yellen would pull her ramps out of thin air to prop the market
03:07 pm Curtis M : lol
03:07 pm Curtis M : not me man i lved it
03:07 pm Mathew Waterfall : She’s now punishing us with sideways chop
03:07 pm Mathew Waterfall : Yea those afternoon ramps were great plays
03:07 pm Curtis M : omg theyre gonna run mags on a stupid little contract
03:08 pm Curtis M : the one I don’t play watch kaboom
03:09 pm Curtis M : Gold and Miners the place to be lately
03:09 pm Curtis M : algo right Curt asleep at wheel
03:09 pm Mathew Waterfall : Yepp only constant action which is why I’ve been glued to them
03:09 pm wei w : I listened to Rosie !!!
03:10 pm Curtis M : haha
03:10 pm Kari S : a lot of us did
03:11 pm Curtis M : hmm
03:12 pm Curtis M : I think I hardly made wages today – ugly lol oh well…. the cards keep coming
03:13 pm Curtis M : US drilling might wack oil
03:14 pm Mathew Waterfall : I’ve been assuming that it’s a self defeeting set up with the higher oil goes the more we will pump here and bring it back down
03:14 pm Mathew Waterfall : You would know better than most but I thought 55-60 would be the lid
03:15 pm Curtis M : They’re gonna wack it imo no win possible unles Trump has an ace card
03:17 pm Mathew Waterfall : Trump should want more US production so when he goes to war with everyone we won’t be dependant
03:17 pm Mathew Waterfall : Until the US takes over oil production in IRAQ or something. I could see him stealing that somehow
03:19 pm Curtis M : he maight partner and steal it all lol
03:19 pm Curtis M : join us or pay the price lol
03:21 pm Curtis M : back in 5
03:21 pm Mathew Waterfall : He’ll do something weird that’s for sure
03:31 pm Curtis M : buy at support sell the pop
03:33 pm Jon R : Sold $HMNY on pop
03:35 pm OILK K : Unloading $MAGS and $NVLS bags dont want to hold overnight holding $NUGT
03:37 pm Jack D : $BLIN looking like a momentum play for tomorrow
03:38 pm Curtis M : u may b right
03:43 pm Shafique M : in more $NUGT for overnight pajama sell off
03:44 pm Curtis M : $GOOGL running the show
03:46 pm Gurpreet S : hey mat
03:48 pm Curtis M : Thanks Mat – I’m done for day – room will stay open till 4
03:48 pm Mathew Waterfall : Same here. Will be around bu no more trades for me
03:49 pm luis s : me too catcha guys
03:50 pm Kari S : Curt your Amazon and Google swings on
03:52 pm OILK K : $CF rocking
03:54 pm John M : have a great night!~
04:00 pm Mathew Waterfall : See yall in the AM.
04:00 pm Jack D : cya Mathew

Article Topics: $MRNS, $SSH, $GALE, $NVLS, $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

PreMarket Trading Plan Mon Jan 23 $MDGS, $MRNS, $GLBS, $ETRM, $BIOL – $NUGT $DUST $JNUG $JDST $USLV $DSLV

January 23, 2017January 29, 2017 Curt MelonopolyTrading Plan$BIOL, $DSLV, $DUST, $ETRM, $GLBS, $JDST, $JNUG, $MDGS, $MRNS, $NUGT, $USLV, Chatroom, Day-trading, Pre-Market, Stocks, Trading Plan, Watchlist

My Stock Trading Plan for Monday Jan 23, 2017 in Trading Chat room. $MDGS, $MRNS, $GLBS, $ETRM, $BIOL – 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!

Notices:

Per previous;

Goal: Double account in two week challenge – today is last day.

Feature Post: “Why our Stock Algorithms are Different than Most“. If you are using our algorithmic model charting it is a must read.

Review: If you are not reviewing the post market trading results along with this please do so. We assume our trading room subscribers review it everyday. There is often information applicable to and not included in this premarket report. You will find the post market trading result reports on our blog daily.

New Service Options: We now also offer a stand-alone trading room option now vs. bundle incl. trading room, premarket newsletter, alerts). Plans from $1.22 per day w/ promo code.

New Service Options: EPIC the Oil Algo now has an Oil Report only option vs. bundle w/ 24 hr trading room. Plans from $4.10 per day w/promo code.

New Service Options: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Current Holds:

All very small positions – $ROKA, $TRCH, $ESEA, $CBMX, $JUNO, $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).

General Market Outlook:

First day of Trump enomics – we’ll see. This could be start of turn in many areas. Looks like some bio runner momos and Gold, Silver and other metals active. $SPY rangebound. $DXY could be at interim support.

Per previous;

My general bias (as a trader – not algo math) is for the market to be somewhat flat or deflate prior to Jan 20 inauguration, Gold and Silver to get further lift but back off between Wednesday afternoon and Monday. After the inauguration my bias is toward Gold and Silver getting punished when the Trump train gets moving again (no telling if this will be days or weeks or even a few short months). But I do think Trump will crush Gold, Silver etc and the $VIX at some point. The $VIX I will be watching close. Oil I think has headwinds. Natural Gas I am continuing to watch. Smaller Gold / Silver / Oil companies and Shippers / Greece I am watching very close also. But of course with Brexit in the news, the OPEC situation and inauguration I am going to stay very nimble and likely trade volatility and Gold related most of the week.

Early in 2017 I will be watching very closely bonds, $USDJPY, markets in general for direction (of course there are hundreds of variables).

Metals, energy and financials are three areas I am looking to for 2017 for trading margin – with bio in fourth place on my list. And per previous we’re expecting some action in bonds to the upside a high probability.

As a trader, it is the margin / volatility I am focused toward and getting on the right side of a market / sector turn and scaling in to that.

All algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now (long term since July and short term) so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out first week of January 2017.

Morning Momo / News Bits:

Momo: $MDGS, $MRNS, $GLBS, $ETRM, $BIOL

$MRNS Breaking news: Marinus Announces Positive Preliminary Data From Children With CDKL5 Genetic Disorder http://ir.marinuspharma.com/releasedetail.cfm?ReleaseID=1008690

$MRNS Marinus Announces Positive Preliminary Data From Children With CDKL5 Genetic Disorder https://t.co/rXc2hU2xUU via @YahooFinance

— Melonopoly (@curtmelonopoly) January 23, 2017

20 Stocks Moving In Monday’s PreMarket https://benzinga.com/z/8932417 $BOX $CBMX $CF $MRNS $NQ $GLBS $CYNO $INFI $IDSA $NAK $SBGL $DVAX $QCOM $RDHL

Premarket: 4 Things to Know Before the Opening Bell.
http://money.cnn.com/2017/01/23/investing/premarket-stocks-trading/index.html …

ADMA Biologics to acquire certain assets from Biotest Pharmaceuticals http://seekingalpha.com/news/3236624-adma-biologics-acquire-certain-assets-biotest-pharmaceuticals?source=feed_f … #premarket $ADMA $BIESF

McDonald’s shares edge lower in premarket after earnings, sales top targets http://on.mktw.net/2j56lI9

#Clovis Oncology reiterated at buy at Stifel.
Price target raised from $52 to $86.
$CLVS +2.71% at 59.87 premarket
#biotech #stocks

TerraForm Global’s stock rallies 1.3% premarket after disclosing Brookfield Asset Management talks http://ift.tt/1MpFMtW

Kate Spade +5% as sale speculation picks up http://seekingalpha.com/news/3236631-kate-spade-plus-5-percent-sale-speculation-picks?source=feed_f … #premarket $KATE $KORS $COH

NCI’s stock plunges 10% premarket after controller terminated for embezzlement, internal investigation http://dlvr.it/NB5x8k MARKETWATCH

Delivery of first F-35 to Turkey expected in 2019 http://seekingalpha.com/news/3236626-delivery-first-fminus-35-turkey-expected-2019?source=feed_f … #premarket $LMT

Forbes Energy files for Chapter 11 bankruptcy http://seekingalpha.com/news/3236625-forbes-energy-files-chapter-11-bankruptcy?source=feed_f … #premarket $FES $FESL

Qualcomm -3.6% premarket; two downgrades hit

Halliburton’s stock falls 0.8% premarket after Q4 results http://ift.tt/1rvBshV

Momentum Stocks (Market Open and Intra-Day):

Some of my Favorite 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: Gainers: Gainers: $MDGS 27%, $MRNS 25%, $GLBS 21%, $ETRM 16%, $BIOL 14%, $CYNO 8%, $NAK 8%, $DCIX, $HTBX $UNXL $SBGL $JNUG $BNCN $AU

I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List: Losers: I will update before market open or refer to chat room notices.

(3) Other Watch-List: Novagold $NG, $URRE, $GREK are on my watchlist.

(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.

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: $MDGS, $MRNS, $GLBS, $ETRM, $BIOL, $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F

Post-Market Fri Dec 30 $MRNS, $UVXY, $NUGT, $CEMP, $CNAT, $JNUG

January 2, 2017February 12, 2018 Curt MelonopolyPost Market Report (Trade Results)$CEMP, $CNAT, $MRNS, $NUGT, $NVLS, $USOIL, Chat Room, Compound trading, Day-trading, Investing, Results, SPY, Stocks, Swing Trading, Trading Results, USD/JPY, UVXY, VIX

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Friday Dec 30 – $MRNS, $UVXY, $CEMP, $NVLS, $ERIC, $CNAT, $CXRX, $MRNS, $JNUG, $NUGT, $DUST, $JUNO, $CBMX, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $NG_F and more.

Intro:

Notices:

New Service Option: We now also offer a stand-alone trading room option (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00.

New Service Option: EPIC the Oil Algo now has an Oil Report only option (vs. bundle w/ 24 hr trading room launching early 2017) at 199.00.

New Service Option: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Feature Post: There is a feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:

$MRNS was one momo play I had with small gain and $SSH with a wash. Later in day I had four $UVXY snipes that worked near perfect at 3000 shares each and 10 – 12 cents sniped on each.

Mathew and the team had a number of successful long and short trades – impressive group in this room. Talent base for any budding trader to learn from. I’m learning from them.

Momentum Stocks Today:

Momentum stocks were a mixed bunch and there wasn’t anything real noteworthy.

Holding:

$DUST, $CBMX, $JUNO

Looking Forward:

Per yesterday (and days prior):

I need to exit $DUST and entered it and held because I was convinced USD/JPY would (at minimum) do a major spike up to end the rally – but not so lucky (yet). $CBMX and $JUNO are holds in to spring if necessary – that was the worst case plan anyway.

We are looking to volatility, bonds, metals and possibly bio at this point short / mid term – but the market will let us know.

The market has a tonne of inflection points now, Silver Gold and Miner’s woke up some today so things should get interesting soon with our algos that you can find here:

The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

We are currently processing the reset calls for all algos for Q1 2017 over Christmas season because the have all now completed their calls from Q3 and Q3 2016 with 90% or better accuracy. All calls fully documented. 2017 Charting to be released this weekend!

Announcements in Trading Room:

08:39 am Curtis M : Gainers: $MRNS $IMGN $ARWR $ANY $PLUG $HMY $IDGAZ $XXII $NVLS $ALV $CRH $ICON $FRO $NVAX $RUSS $SWHC $GFI

Stock Chat-room Trading Transcript:

Miscellaneous chatter may be removed.

09:12 am Mathew Waterfall : Looking for a pullback in the miners today to reload likely on $NUGT. Only real trade I’m looking for. Volume should be light making early morning moves muted
09:15 am Mathew Waterfall : While American investors and traders were sleeping, the combination of a rush of computer-generated orders and low liquidity prompted a 1.6 percent spike in the euro.Coinciding with the start of the Asian trading day, the euro was trading just below $1.05 but quickly soared as high as $1.0653 , which forced dealers to cover positions at losses.According to Bloomberg , the euro wasn’t the only major currency to exhibit a sudden move. The Swiss frank similarly spiked higher by 1.6 percent against the dollar and the Japanese yen gained 0.4 percent at the same time.Within an hour the currencies mostly pared their gains. The euro was higher by around 0.5 percent ahead of Friday’s U.S. stock market open. At the same time the Swiss franc was higher by 0.4 percent and the yen erased all of its gains and was lower by 0.3 percent.The euro/U.S. dollar is the most traded currency pair but the mini-flash crash isn’t necessarily reason for concern.Shigeki Yoshitoshi, head of Japan foreign-exc
09:22 am Mathew Waterfall : $GDX levels I’m watching at the open here are 50 day at 21.92 and fib level at 22.10. Over those with a backtest and I am feeling pretty good about higher. Failure and I get nervous and look for a pullback
09:27 am Curtis M : Momo $CEMP, $NVLS, $ERIC, $CNAT, $CXRX, $MYL, $XIV, $OPHT, $ELGX, $SHPG
09:29 am Mathew Waterfall : Got in a bit of that $OPHT for a long rande pop. Would be nice if it popped sooner rather than later
09:31 am Mathew Waterfall : Legging into $NUGT swing
09:31 am Curtis M : $MRNS Long 1.11 3000
09:33 am Curtis M : Out 1.14 stopped
09:34 am Mathew Waterfall : Out $NUGT 8.77 to 9.04. Still thinking we get a pullback before EOD so playing tight
09:34 am Mathew Waterfall : $GDX over 22.1 and I’ll get back in
09:36 am Mathew Waterfall : USD/JPY ramp on deck. This is what had me nervos. Not trying to rush trades here already sitting on $IAG, $AUY, $USLV positions
09:38 am Cindy L : Long $CETX from 7.11 butI dont hink its going to hold
09:40 am Mathew Waterfall : $KSS coming off from an early attempt to run. I hate this stock so much
09:42 am Curtis M : $SSH scaling in as I can
09:45 am Mathew Waterfall : Might not get the pullback here in miners. Expecting some mid day wekaness there with a ramp in usd/jpy and equities. We’ll see
09:47 am John M : My $VBIO coming along well
09:50 am Mathew Waterfall : In a few more $OPXA at .952 after unloading some yesterday at 1.07. Very patient with this one
09:54 am Mathew Waterfall : $IMGN getting wild for all you morning momo players out there
09:55 am Jack D : $NVDA weaker than I expected
09:55 am Mathew Waterfall : $GDX clearly over target one of the 50 day. Trying to get over target 2 at 22.1
09:56 am MarketMaven M : In $OVAS small
10:03 am Mathew Waterfall : GOLD drop on deck let’s see how far this gets
10:04 am MarketMaven M : Just sold off my $JNUG from yesterday
10:05 am Mathew Waterfall : Good play MMM. I really wouldn’t be surprised to see either a 5 point pop or a 5 point drop in Gold today
10:05 am Curtis M : $SSH I am leavng 1000 shares wash
10:08 am Mathew Waterfall : USD/JPY again failing at the 9 day on the 5′. Same level that hammered it down yesterday for most of the day until they ramped it through
10:09 am darni m : Curt $MRNS WINNING! hehe
10:14 am Curtis M : $JNUG what a champ – perfect storm scenario would be a ramp in USDJPY so I can exit $DUST and enter long side of GOLD etc – I can hope
10:15 am Curtis M : Whay to go Darni
10:15 am Curtis M : I thnk i have false hope
10:15 am Mathew Waterfall : Just added back small $NUGT at .92. Still think we see lower here
10:16 am Mathew Waterfall : Looking for entry around low of day/open
10:18 am Mathew Waterfall : Here’s the flush I was after
10:20 am Mathew Waterfall : $NUGT small add 8.6
10:22 am darni m : Short $CETX
10:26 am Mathew Waterfall : Content to sit and see how this plays out at this point. EOY may get a bit weird as well so staying light
10:27 am Curtis M : Im gonna load for volatility lol
10:27 am mar del : THANKS
10:28 am Mathew Waterfall : $TVIX or $UVXY on my radar as well but I don’t like holding those too long. I’m not as confident as you are in those plays Curt
10:28 am Curtis M : Thinking vol $VIX climb here soon
10:28 am Curtis M : 14 min avg hold lol
10:29 am darni m : $VAPEjiggy
10:31 am Curtis M : nice short on $CETX dani
10:32 am Curtis M : $XBIO Resumed 10:30:23. Volatility Trading Pause. (Halted: 10:25:23)
10:34 am gary y : 500K dark pool print VXX 25.31
10:37 am Mathew Waterfall : Added a few $IAG on this pullback
10:38 am Curtis M : thanks gary
10:39 am Mathew Waterfall : Likely done for the day here. Will see how this plays out and keep my nose clean
10:47 am Greg L : Gold going to ramp EOD my guess
10:47 am Greg L : $MRNS banked and watching it for afternoon session
11:03 am Curtis M : Watching volatility and Gold for afternoon session
11:09 am Curtis M : BLOCK TRADE (Microcap): $NOK 400,000 shares @ $4.83 [11:08:18]
11:15 am Curtis M : away for 10 mins
11:18 am Curtis M : Thanks Mat makes sense

Once again our trading platform provider parsed our admin report so we have requested the rest of this transcript from them and will post as soon as it is made available to us. Third time in as many months.

Afternoon for myself was successfully trading in and out of $UVXY four times as volatility increased in the S&P 500.

New year.
New focus.
New commitment.
New partnerships.
New stewardship.
Same love for the market.
Always its student.
Best to all in 2017!

— Melonopoly (@curtmelonopoly) January 1, 2017

Article Topics: $MRNS, $UVXY, $NUGT, $CEMP, $NVLS, $CNAT, 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, $NUGT, $DUST, $JNUG, $JDST, $GC_F, $USO, $UCO, $SCO, $CL_F, $UWT, $DWT, S&P 500

PreMarket Trading Plan Newsletter Fri Dec 30 $MRNS $XLNX $IAG $AUY $GLD $GDX $JNUG $NUGT $SLV $USLV $UWT

December 30, 2016January 2, 2017 Curt MelonopolyTrading Plan$AUY, $GDX, $IAG, $JNUG, $MRNS, $NUGT, $USLV, $UWT, $XLNX, Day-trading, GLD, Pre-Market, SLV, Stocks, Trading Plan, USD/JPY, Watchlist

My Stock Trading Plan for Friday Dec 30, 2016 in Trading Chat room. $MRNS $XLNX $IAG $AUY $GLD $GDX $NUGT $JNUG $USLV $SLV $UWT, $DWT, $USOIL, $WTI, $GOLD, $USD/JPY, $SPY, $SILVER, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

REVIEW: If you are not reviewing the post market trade reports along with this please do so. We assume our trading room subscribers do review it everyday and as such there will often be information in that report that is applicable to and not included in this premarket report. You will find the post market reports on our blog daily before this one is published.

Reporting Status: Another quickie guys and gals! Until all year-end algos are reset this week you can expect these premarket reports to be quick for now!

New Service Options: We now also offer a stand-alone trading room option now (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00.

New Service Options: EPIC the Oil Algo now has an Oil Report only option (vs. bundle w/ 24 hr trading room launching early 2017) at 199.00.

New Service Options: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Feature Post: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Room Settings: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

Current Holds:

$CBMX, $JUNO, $DUST(definitely looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop but I may not get it)

Market Outlook:

Per yesterday’s Premarket

Today for me is all about metal equities (building list now) and ETF’s confirming and possible entries, watching volatility and the oil report (off a day because of holiday).

As mentioned previous, all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now (long term since July and short term) so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out before Jan 2017 trade.

Morning Momo / News Bits:

Momo: Early Publication (will update in room)

Per yesterday:

Time to watch the metals close and crude is on the move again! $UWT $GLD, $GDX, $NUGT, $JNUG, $SLV, $USLV, $AUMN, $ASM, $GRL, $VGZ, $NAK. $IAG, $AUY

Innocoll shares tumble 49% after FDA seeks further data on treatment for post-surgical pain

$INNL downgraded to Neutral from Buy at Janney.

http://www.marketwatch.com/story/innocoll-shares-tumble-49-after-fda-seeks-further-data-on-treatment-for-post-surgical-pain-2016-12-30

$CEMP upgraded to Equal Weight from Underweight at Morgan Stanley. PT $3

Friday – U.S. bond market set to close at 2 p.m.

Nevada casinos report drop in Nov. revenue http://seekingalpha.com/news/3232866-nevada-casinos-report-drop-nov-revenue?source=twitter_sa_factset … #premarket $CZR $CACQ $BYD $FLL

$MRNS granted ODD for Ganaxolone for the treatment of Fragile X Syndrome

Xilinx $XLNX PT Raised to $70 at Argus http://streetinsider.com/r/12380126

Premarket: 5 things to know before the bell http://ift.tt/2hvF9Bm #money #market

http://money.cnn.com/2016/12/30/investing/premarket-stocks-trading/index.html?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28CNNMoney%3A+Markets%29

EPIC the Oil Algo firing on all cylinders.

Algo, Target, Oil — Algorithm target in site. Crude algo intra work sheet 154 AM Dec 29 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT

If you are new to our trading service you should review recent blog posts and at minimum of 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. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day 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). A quick hour of review at most will bring you up to date.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), 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:

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: Gainers: Early Publication 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: $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(5) Upgrades: I will update before market open of refer to chat room notices.

(6) Downgrades: 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.

Regular Trades:

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

As I wrote last week:

I wrote about resistance the algo alerted at 227.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who knows?

As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

As above in my intro and previous, the chart ain’t broke till its broke. When its broke we’ll let you know.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

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

Outlook:

As I wrote this and last week:

As above, I am thinking opportunity comes between Christmas and Trump, and by the way, when $VIX spikes the easiest play is short short short. FYI.

CNN Fear and Greed Index: http://money.cnn.com/data/fear-and-greed/

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events. SHORT $VIX SPIKES!

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

Per previous:

Watching $USDJPY now close for a top. Symmetry is in play on the chart, there is some divergence (although not broke) and metals are starting to front-run.

USDJPY is getting close to symmetry on the chart from the last run up about two years ago – charting on deck in coming reports!!!

Per previous:

BE VERY CAREFUL LISTENING TO THE $USD/JPY bears – they have been feeding misery to followers for many weeks – the chart is not broke – price is currently at support and there could easily be another leg up – nobody knows but the trend is your friend!

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting. $USDJPY CHART IS NOT BROKEN! IT IS A BULL UNTIL IT IS NOT…

Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

Try and ignore the fib marker’s / mad science calcs we are in the middle of and focus on the green arrows – we see those as significant support and resistance.

Major support and resistance (green arrows) – Gold Algorithmic Model Chart Observation Work Sheet $GLD $UGLD, $DGLD Miners $GDX $NUGT $DUST $JDST $JNUG

Support, Resistance, Gold, Chart — Major support and resistance (green arrows) – Gold Algorithmic Model Chart Observation Work Sheet $GLD $UGLD, $DGLD Miners $GDX $NUGT $DUST $JDST $JNUG

Per recent posts:

So we have started to see some action in Gold and Miners so it these are on high watch with me right now.

I am waiting for the trend reversal. We are very close to the price target at the bottom of that quadrant at 1133.00 ish. The initial wide frame target Rosie the algo nailed but there has been a wait and see for a reversal because of one more possible leg down. Getting very close IMO.

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely. The idea is to get on the right side of the trade and trend.

WE SHOULD BE ALMOST THERE! GET READY! LIKELY BETWEEN CHRISTMAS AND TRUMP POWER TRANSFER! CHARTS COMING!

Other equities I like for Gold, Miners, Silver Trade: $IAG, $AUY, $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

Silver $SI_F: $SLV ($USLV, $DSLV, $SILJ $SLX $EPU $EWZ)

Per previous;

Same with Gold and miners – on high watch.

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

My Plan for Trading Silver: same

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

Other equities I like for Gold, Miners, Silver Trade: $IAG, $AUY, $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

Crude Oil FX : $USOIL $WTI ($UWTI, $DWTI, $GUSH, $ERX, $DRIP, $ERY, $USO, $UCO, $SCO, $UWT, $DWT, $CL_F)

Outlook:

Crude overnight is trading right below a major resistance and right near a MAJOR time/price cycle termination decision.

Per Previous:

Last week Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second and Friday Algo target was a near miss and this week Tuesday 4:30 hit and Wednesday just in to target but not a perfect hit (very tradeable though). Friday targets on charting BUT BE CAUTIOUS WITH FRIDAY TARGETS.

Trading Plan: Watching.

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

Natural Gas $NG_F $NATGAS ($UGAZ, $DGAZ):

Per Previous:

NA – I nailed the alerts in recent weeks with lift but didn’t trade t and don’t expect to anytime soon. Watching.

Study:

Now that a number of blog posts are being unlocked, it wouldn’t be a bad idea for traders to review them (especially new traders).

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 (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: $MRNS, $XLNX, $IAG, $AUY, $GLD, $GDX, $NUGT, $JNUG, $SLV, $USLV, $UWT, $USDJPY, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $DUST, $UWT, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGAS, $DWT, $SLV, $GLD, $DXY

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