14
Dec 2016

Pre-Market Newsletter Wed Dec 14 $VCEL $AKAO $SPY $VIX $SLV $UGAZ $VIX $USOIL $WTIC $GLD $GDX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Wednesday Dec 14, 2016 in Chatroom. $VCEL, $AKAO, $ADMP, $CETX, $NG_F, $SILVER, $SLV, $SL_F, $VIX, $UVXY $TVIX, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY … more.

Welcome to the morning Wall Street trading day session!

Important Notices:

Fed speak Wed 2:00 PM EST.

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

$VCEL News:Administration (FDA) has approved MACI® (autologous cultured chondrocytes on porcine collagen membrane)

U.S. and Macau sign anti-tax evasion pact #premarket $WYNMF $WYNMY $SCHYY $SCHYF

Gold $GLD and Miners $GDX may get a pop here with the Fed (and of course Silver in same boat). But there is the lingering bottom of the quadrant at 1133 from our Gold algo probability – so stay tight on it. $USD/JPY is off a bit in morning trade but it is also at a critical support so be careful!

$VIX as I have been saying for a few days is on watch with me around Fed ($XIV).

$NATGAS $NG_F has come off some from important resistance and yesterday lost the support I was watching. Now watching 3.34 support for action there.

$SPY hit the resistance zone I alerted in yesterday’s premarket, came off, got steam popped above it and then yesterday struggled at the resistance I alerted and through the night struggled with that 277.80 area of resistance.

$VIX – volatility I called almost to the minute Monday and again yesterday and didn’t capitalize on it – $VIX should get some spiking today also. So I am watching close $TVIX $UVXY.

Crude oil hit its algo target at 4:30 Tuesday after market close and at time of writing at 643 AM price is on its way toward the Wed 1030 AM targets. There are indicators turning intra bearish in the upward trending channel.

And that brings me to momo stocks and rotation therein, looks like we continue with huge opportunities there also!

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-rames (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.

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

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 ans 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: $VCEL $OMAM $DWT $JNUG $SCO $LYG $ERY $MTL $NUGT $MDLZ $NVDA $SLV $DGAZ $BTI $STM $GDX $IAU 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: $AKAO (momentum Monday and Tuesday), $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).

(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: $FOXA $HEOP $KR $SAGE $IRE $NVDA $VVC $NI $RRGB $DV $FFIV $ATHM $SEAS $AKAM $PX $MRO $USM $KLAC $NLSN I will update before market open of refer to chat room notices.

(6) Downgrades:$QCOM $PRTO $UHS $BRKR $FNBC $ARAY $AIRG $OLP $KALU $FPI $ICFI $ZAYO $AHH  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)

Outlook:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. 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 know?

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.

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.

$SPY, Chart, Member, Alert

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

Outlook: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV and then again Monday and Tuesday $SPY and $VIX had a run at the same time!

I had alerted this and it is an indicator of offside plays at times (I don’t think it is here however).

Per yesterday:

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

I WOULD PREPARE FOR A POP IN VOLATILITY BETWEEN NOW AND WEDNESDAY AFTERNOON and even perhaps in to next week Tuesday.

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.

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)

BE VERY CAREFUL LISTING TO THE $USD/JPY bears – they have been feeding missery 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!

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

My Trading Plan for Gold: Short term there could be a pretty good pop around the Fed, but I don’t expect it would last. It could pop to the top of the algo quadrant but I don’t think it would run past – NOT YET ANYWAY. So who know’s I may play a short term scenario – Fed / market reaction dependent.

Per yesterday:

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.

Other equities I like for Gold Trade: $AUMN (penny stock). When the trend reversal confirms I will post all the Gold equity picks here.

Silver $SI_F: $SLV ($USLV, $DSLV)

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

My Plan for Trading Silver:

Per previous;

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.

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

Other equities I like for Silver trade: $AUMN (penny stock). Same here, when trend reversal occurs I will post equity picks here.

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

Outlook:

Per yesterday:

Crude oil is trading within and respecting the main support and resistance areas of its upward channel. I am trading the support and resistance margins – I will consider shortside at the top of the channel or resistance and long at the bottom of the channel.

Crude has it its algo targets crazy consistently for weeks. Had I played oil the way EPIC laid out the plays I would be retired 3 x over now. Overnight the downdraft continued. Yesterday at 4:30 the target hit and it looks like algo targets for Wednesday 10:30 AM are in play on the chart. There are concerning indicators that could cause crude to visit the bottom of the upward trending channel – so I am watching close at the critical supports. Also waiting for Fed speak market reactions.

Trading Plan: Waiting.

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 yesterday:

Hit resistance as I thought and alerted.

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

ON WATCH!!! This could get a considerable pop in to late Wednesday and even as far as in to late Monday next week is possible!!!

Natural gas lost that Fib support yesterday so now I am watching lower supports. I still think there is a possibility for a pop just after Fed speak!

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).

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article, “Why our Stock Algorithms are Different.”

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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

14
Dec 2016

S&P 500 $SPY Trading Chart Updates Wednesday Dec 14 $ES_F ($SPXL, $SPXS)

SP500 (SPY) Algorithm , , , , , , , , , , FREEDOM SPY

S&P 500 $SPY Trading Chart Update Wednesday Dec 14 $ES_F ($SPXL, $SPXS) Chart and Algorithm Observations

Dec 14, 2016 Freedom the $SPY Algo Trading Report.

Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report.

IMPORTANT NOTICES:

Short Term Pause: As I warned since last week, the machines have stopped trading as of noon yesterday and the resistance I alerted on a number of occasions is where the machines stopped trading. Until we are on the other side of Fed speak today I cannot provide algorithmic targets, lines, quadrants or time / price cycle terminations. However, I will process the indications as soon as possible post Fed (usually within two days of a Fed speech they are ready). My apologies for the short term pause in algorithm indicators. 

Development News: The charting for members will become much more involved over the coming weeks (the algorithmic proprietary details). Stay tuned for agreements concerning disclosure and use coming to members. Full charting disclosure expected before Jan 15, 2017 for members.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of the S&P500 (more specifically $SPY). In early 2017 I will also provide algo indicators and charting for $ES_F.

Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.

My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and a recent post by my developer that explains more about “Why Our Algorithms are Different than Most“.

I Am In Very Early Stage Development

My algorithm is the fifth in the line of six that my developers are working with – which means I am in the very early stages. So you will find my charting below to be very simple (relative to say the first algo they developed EPIC the Oil algo). So if you find that my initial charting does not assist you with an edge in your trading please let the office know by emal [email protected] within 30 days at most of signing on so they can refund you. If you do chose that option, you can always check back early 2017 when my algorithm processes / indicators for your trading edge will be very extensive (mid Jan).

$SPY Trading Observations:

At time of writing $SPY is trading at 227.76 (7:24 EST). Some thoughts that may help advance you trading edge;

Yesterday (Tuesday) mornining around 4:00 AM I alerted my subscribers to an algorithm cluster for resistance at 227.80 – 227.96. Price jumped up to this resistance in early egular market trading and then came off after 10:00 AM. By noon price action was testing this alerted resistance again. The price did shortly after pop up for a short time and then back under the resistance. Price then struggled with resistance for the remainder of the trading day Tuesday. In extended hours and overnight the trading is still challenged at this resistance. So the algorithmic call on that cluster is proving to be sound. At 7:24 AM Wednesday this the case also.

$SPY, Chart, Member, Alert

Geo Political Predictions:

My algorithm is not based on geo political events at all, however, my develpers will offer macro view comments as they see fit. You will recall that prior to the election we were sending a clear message that we expected the market to continue to run and our target short term (between Sept 1 2016 and Jan 1 2017) was in the area of 230.00 – 235.00.

Our new observations are that it seems our observations do have the potential to be not aggresive enough. In other words, it is probable that price will extend past our predictions but not absolute in our thinking. We will update you on the macro algorithm targets post Fed speak and as other milestones are crossed such as Christmas, Jan 1 and the inaugeration.

For now, the trading price is nearing our 230.00 – 235.00 call from September expiring at Christmas.

Divergence and Patterns

Yesterday, the $VIX was rising while $SPY was rallying intra-day. I have been alerting our members since last Friday that this would occur. You can also look to this possibility Wed morning and possibly (depending on the Fed speak) on the other side of the Fed.

It is difficult for me to calculate divergence indicators today because of the Fed speak, but I wll post Fed and provide you with clarity.

Fibonacci

Yesterday the resistance I alerted also corresponded with the Fibonacci extension (as predicted). This is still in play. The extension is in the chart from yesterday below.

S&P 500 $SPY, $ES_F, $SPXL, $SPXS

227.80 Fibonacci extension and cluster of algorithmic indicators. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

Intra-Day Trading Ranges:

I cannot provide clarity until post Fed speak (it will take a day or two) because the geo political events do not allow me to accurately provide algo lines, targets, or intra-day traidng quadrants. The machines shut-off. After Fed speak I will run the algorithmic calculations as trade resumes with the machines and provide the update the moment the calculations are charted (it takes some time to take my calculations and represent them on a 2D chart for our traders)

Alpha Algo Trading Lines:

To be updated post Fed.

Alpha Algo Trading Targets:

To be updated post Fed.

Intra Day Algo Trading Quadrants:

To be updated post Fed.

Time / Price Cycle Change Forecast:

To be updated post Fed.

 

Good luck with your trades and look forward to seeing you in the room!

Freedom the $SPY Algo

Article Topics: Freedom $SPY Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Algorithms, $SPY, $ES_F, $SPXL, $SPXS

14
Dec 2016
$SPY, Chart, Member, Alert

Post Market Tues Dec 13 $OPGN, $BOSC, $AKAO $MDGS $NVCN $UGAZ $SPY $VIX, $GLD, $GDX $USOIL $WTIC

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Tuesday Dec 13 –

Post Market Tues Dec 13 $OPGN, $BOSC, $AKAO $MDGS $NVCN $UGAZ $SPY $VIX, $GLD, $GDX $USOIL $WTIC

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Tuesday Dec 13 – $OPGN, $BOSC, $AKAO $MDGS $NVCN $APRI $IDXG $UGAZ $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F and more.

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.

Notices:

Notice: 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.

Notice: 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.

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

$SPY: The S&P 500 Algorithm is starting to fire on all cylinders too (which is good – its 5th in development process so its newer than others).

From my post market report yesterday,

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition.

I followed up with a warning in the member’s premarket with specific area of challenge in $SPY chart

227.80 looks fun. Caution overhead guys and gals. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

Put out a public tweet premarket about the specific area to watch with $SPY,

Price action on $SPY struggled with that area all day and remains a challenge in overnight:

Alert to Member Premarket Newsletter here that grey box above 227.80 daliy resistance challenge. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

$SPY, Chart, Member, Alert

From Yesterday Post Market Report:

Still watching $VIX close – there was a small play there today I called to the second but didn’t execute. And Gold and Silver I’m still waiting on a long confirmation from our algos – they called this price target from months ago that we are in now so I’ll trust their math on my long entries. The $USD/JPY chart (and our $DXY algo) still says not broken – at resistance, but not broken so I’m waiting on $GC_F $GLD Gold. And crude oil, our algo was firing off an intra short early in market open but I didn’t take that and waited for long position at support which didn’t hit until market end so I’m watching over night – may get a buy trigger there Tuesday. I will be watching fervently $AKAO and sympathy plays tomorrow ($APRI, $OPGN) and any other momentum stocks.

Pretty much all of that played out… I alerted in our member premarket newsletter that $VIX would rise intra-day Tuesday and it did elevate while $SPY did – I actually alerted members to watch for that exact thing to happen. So our $VIX algorithm (last in line of the six) is firing on every cylinder now too!

Our Gold and Silver algorithms have said wait on a buy because of the 90% chance of Gold going to lower quadrant (you’d have to see our Gold algo Twitter to get the whole story – but the calls have been in place for months while many were bullish on Gold prior to election in Summer and Fall 2016)… anyway so Gold did deflate more as called – so yes, Gold and Silver algos hitting perfect too. These are exact price calls BTW. And the $DXY algo has been nailing it.

So that leaves our inaugural algo EPIC! Epic the Oil Algo calls price and time for every Tuesday at 4:30, Wednesday at 10:30 and Friday at 1:00 (and much more than those calls) the week prior in his newsletter oil reports the week prior so that traders can plan their trades etc. Anyway… the Tuesday at 4:30 price and time target zone was hit yet once again! He’s firing at 93.3% call win rate (all published in advance like all over our algos).

Here’s the target zone hit for EPIC – not a perfect hit like many as it was off by a few cents – but it did hit the target zone and was of course a very tread-able alert from the week prior to members considering his calls are for an exact time and an exact price for the next week. And the oher target hits he nailed this week are on the chart below also. He’s on fire to say the least.

EPIC, OIL, ALGO, $USOIL, $CL_F, $USO

Tues 430 PM Algo Target Predict from last week HIT! Not perfect but in target zone. Crude algo intra work sheet 1257 AM Dec 14 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

Here’s the live chart on Trading View. https://www.tradingview.com/chart/USOIL/BSJVKGTD-Tues-430PM-Target-Hit-Predict-from-last-wk-Crude-algo-intra/

Tues 430PM Target Hit! Predict from last wk! Crude algo intra by curtmelonopoly on TradingView.com

Traded $OPGN for a gain on 3 scalps (one I didn’t post in room – it can be busy at my command desk when you’re in and out trades so I call them out on audio alert broadcast too) and then gave it all back and then some on a stupid trade decision.

Also traded $BOSC for a gain late day – the scanners we I have are getting dialed in real precise – I was in that play real early and got out on the pop and then I think it faded before close.

Mathew has BEEN NAILING his trades and his alerts in the room have been awesome. He’ll be in the broadcasting daily here soon with me alerting his trades too and posting results and a pre market watch list on blog soon also.

Primary Lessons That May Help You With Your Trades:

Really messed up an $OPGN trade – held in a back wash because I thought I’d just hit it 2 or 3x on a bounce – but the bounce didn’t come. This is risky and unless you are using a larger account and you can have these go bad 50 % of the time I WOULD NOT RECOMMEND DOING IT.

My $BOSC trade was entirely enabled from having really tuned in scanners that I can alert the room with.

Again, Mathew would have a book full of lessons with his trades lately (lots for folks to learn there) so it will be nice to have him on audio broadcasting in the room and I look forward to his watchlists and blog posts.

Looking Forward:

It’s Fed day – WE HAVE A TONNE OF PLAYS READY ON THE OTHER SIDE OF THE FED MOVE SO I AM PUMPED. The algos have set us up perfect for the inflection point. Pumped.

Announcements in Trading Room:

08:54 am Curtis M : Watching: $AKAO $NVCN $APRI $IDXG $DSLV $VIX $UGAZ $UWT

09:09 am Curtis M : $AKAO $NVCN $APRI $IDXG $DSLV $VIX $UGAZ $UWT

We have groups split in different rooms. – we are fault testing rooms. If you are moved you will see same chart and announcements. We are preparing for official launch Jan 1 for multiple lead traders and media programs that start then.

11:15 am Curtis M : Back at 1145 EST From Lunch for afternoon session

03:41 pm Curtis M : Have a great night peeps!!! I\’m over and out. I\’ll leave room open till 4PM.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

08:54 am manish kant : GM ALL
09:02 am David Z : morning manish!
09:03 am Curtis M : morning!
09:03 am manish kant : Good Morning David
09:03 am manish kant : Good Morning Curtis
09:14 am Curtis M : Active $XOP $AKAO $ARI $ETRM $IDXG $BAC $UCO $SPY $USO $NVCN
09:22 am John M : $AKAO and $NVCN my watches
09:22 am Curtis M : Oil holding up well we’ll see how it handles open
09:24 am Curtis M : At market open I will focus on momentum stocks and then move to OIL, SPY, GOLD, VIX, SILVER, NAT GAS
09:28 am Mathew Waterfall : Actually ended up getting our of my golden boy $APRI after close yesterday at 2.02. Back in this AM at 1.78 for another run with a close eye on it for a pullback
09:32 am Mathew Waterfall : Trimming some $WYNN here. Out of Dec30 100c’s at 1..21 from .7. This has more to run IMO but was heavy and want to take some profits
09:33 am Mathew Waterfall : Als out majority of my JBLU weekly 22’s at .85 from .35 entry yesterday
09:37 am Curtis M : $NVCN could be the big one today over 3.40
09:37 am Mathew Waterfall : Out half $LVS Dec30 60c’s at .66 from .53. I was looking for more here so keeping some but it hit my fib target so I am going to plan and trimming.
09:40 am David Z : I banked $OPGN a few times this morning watching for HOD break now
09:45 am Mathew Waterfall : I have a stop at 1.45 on $APRI while I go about other trades. Agrees that it doesn’t look very condtructive as of yet
09:46 am Curtis M : Long 2.49 3000 shares tight $OPGN
09:48 am Curtis M : Out $OPGN 2.69 3000
09:48 am Mathew Waterfall : Trailer on rest of $JBLU options for the rest of this run up. If anyone followed me into that I would say keep in tight as they are already ITM
09:49 am Curtis M : Long 2.80 $OPGN tight
09:50 am Curtis M : Out $OPGN 2.80 flat
09:56 am Curtis M : Long $OPGN 2.99 300
10:08 am Curtis M : Scaling $OPGN in 3000
10:08 am Mathew Waterfall : Out the rest of my $JBLU calls at 1.05 from .35. Could see more later in the week but I’ll take a 3 bagger any day
10:11 am Mathew Waterfall : Also keeping things a bit small and tight here into the trail end of this rally and the Fed.
10:21 am Curtis M : Out $OPGEN for loss –
10:23 am Curtis M : Out 2.16 fill
10:38 am Mathew Waterfall : Oxymoron if I have ever heard one right there lol
10:38 am Mathew Waterfall : But hey we all do it
10:39 am Curtis M : Disciplined Revenge Trader is my new handle lol
10:39 am Mathew Waterfall : lol
10:40 am Mathew Waterfall : Watching $CTXS for possible swing short. Name has continued to make incremental highs only to break down. I like it short here vs. 91 or so. Will watchand post if I enter
10:43 am Curtis M : So I’m going long oil at bottom near target if support holds because my other weekly targets are north of that price
10:43 am Curtis M : I am also going long $UGAZ sometime between now and Thur if it plays out right
10:44 am Mathew Waterfall : Short $CTXS 90.50 with 91 stop. Will add if it pick up speed to the downside here. This is a common stock swing play for me
10:44 am David Z : $UGAZ will run soon
10:45 am Curtis M : I am also looking for a long Gold play closer to 1133
10:45 am Curtis M : All 3 plays if they break its a 4 to 1 RR
10:47 am Mathew Waterfall : Rolled my $MGM Dec30 30c’s to 31’s for a .4 credit. Wanted to take some gains and get a higher strike as I was already ITM on those meaning they won’t have much of a delta and thus won’t accelerate as quickly as a higher strike should it keep moving north
10:56 am OilQ K : I’m in $TSLA its just sector rotation
10:56 am OilQ K : Looked at $MSFT but didn’t go
10:57 am Drew M : Curt Im surprised u didnt go tech you had it on watch
10:57 am Mathew Waterfall : Stop hit in $CTXS. Small loss will keep an eye on it for a future play. Market is way to strong to try to force a short
10:58 am Curtis M : At least it was small lol unlike someone else today – mind yo uit was a small position for my swing account
10:58 am Mathew Waterfall : In this game they can’t all be winners
10:59 am David Z : I never thought Curt lost serious watch him slice for a yr
11:00 am Curtis M : Scanning
11:00 am Curtis M : Oh I lose but not often do I let losses go
11:09 am Curtis M : Going to take an early lunch and then come back and be revenge trader
11:10 am Curtis M : Back at 1145 EST
11:10 am John M : good plan me 2
11:12 am OILK K : I like Gold here
11:27 am Curtis M : If I remember right last year this time the Fed raised $BAC tanked
11:31 am Sonny H : Long $INVE 1/3 here
11:31 am Sonny H : Looking at $IDN
11:33 am Curtis M : Theres that divergence in the $VIX I wrote about in the premarket newsletters last few days
11:33 am Curtis M : Back in 10
11:35 am Mathew Waterfall : Mostly babysitting and taking some gains today before the fed tomorrow. Market feels like it just wants to keep on keeping on here so it’s tough to try to take a contrarian view. Most size sweepers I am seeing are still bullish with some puts coming in materials AKS and X. NUGT also seeing some bearish flow looking for some more gold weakness
11:36 am Curtis M : Agree
11:42 am Jack D : I am taking profits on $MSFT I dont trust Fed talk
11:43 am Curtis M : Back
11:43 am Mathew Waterfall : $WYNN chewing through 94 would be great. I’m aiming for 61.8 fib at 96.35 if anyone is along for the ride and wants levels
11:48 am Curtis M : 98.20 would be PT on $WYNN
11:48 am Curtis M : Might take a while – u may need the 200 MA under it for that
11:49 am Mathew Waterfall : Agrred. I think it gets there, but I’m holding dec 23 100’s so I need it to move this week and get out.
11:50 am Mathew Waterfall : $MSFT also seeing more flow ehre out into the spring strikes.
11:52 am Curtis M : Possible
12:02 pm Curtis M : Casinos coming here I think
12:06 pm Curtis M : $WYNN looks good
12:06 pm Mathew Waterfall : Sold some $WYNN Dec23 102c’s against my 100’s that I have left. This is a good way to lock in some gains. Either they both keep going up, or if $WYNN pulls back i cover the short calls for a gain
12:07 pm Mathew Waterfall : Yes it does limit your gains to the upside should WYNN go to 102+ by expiration, but it also limits potential losses
12:08 pm Curtis M : Makes sense
12:08 pm Mathew Waterfall : I had my eye on this move earlier and was waiting on the 102’s to juice a bit before I sold them
12:14 pm Curtis M : $INVE looks like its working
12:16 pm Curtis M : History
12:17 pm Curtis M : $VIX is holding too
12:20 pm Curtis M : $TKAI on scanner for anyone interested
12:21 pm Mathew Waterfall : That stock has been on my watchlist ever sense I played it from the mid .80’s. It seems to run up into the 1.10-1.20 level then sell off every week or two
12:21 pm Mathew Waterfall : $TKAI that is
12:21 pm Mathew Waterfall : Watching $AQXP for a swing as well
12:27 pm Mathew Waterfall : $CLF Jan20 12c’s. This had a huge run, now pulling back a bit. X is seeing some nice in flows late in the day. $CLF could see a bit more downside to the 78.6 at 8.82 but this is a buy and forget play for me
12:27 pm Mathew Waterfall : Bought those $CLF Jan20 12c’s @.2
12:27 pm Mathew Waterfall : Starter and will add against 8.82 if it gets there
12:28 pm MarketMaven M : $X bottomed imo
12:32 pm Mathew Waterfall : We’ll see with $X. I threw an extension from the yearly low to previous yearly high at 27.64 and the 161.8 gets us to 40.92 which wouldn’t be out of the question by the end of the year. It has more than double though in the last 45 days so it’s come a long way
12:37 pm Curtis M : quiet scanners
12:39 pm Mathew Waterfall : I am most likely going to sit on my hands for the rst of the day. Most set ups I see feel like I’m forcing trades, and I tend to lose money when I do that
12:39 pm Curtis M : I need 1 revenge trade just 1
12:42 pm Curtis M : Oil on the move
12:43 pm Mathew Waterfall : Some of those small caps could squeezse if oil cooperates. $ORIG and $SDRL both pulling back. $ATW, $TDW, $EPE etc all strong
01:05 pm Curtis M : Crude pushing
01:16 pm Mathew Waterfall : Hate chasing but like the look of $AKS here. Got over the 10 day on the daily. In some Dec23 11c’s @.23. Starting small here like CLF will add more if it gets going. Short timeline so if it doesn’t accelerate these go south
01:20 pm Mathew Waterfall : Jesus $SPY! Can’t spot won’t stop
01:22 pm Curtis M : Implied volatllty hanging in there
01:23 pm Curtis M : I had a feeling that was going to happen here
01:24 pm Greg L : I profited off that call curt!!! u should have come
01:24 pm Mathew Waterfall : I think the $VIX goes up a bit or at least hangs around 13. There should be a lot of protection being bought into the end of the year and early 2017 which would keep that high
01:24 pm Curtis M : Good stuff Greg!
01:24 pm Mathew Waterfall : I don’t like playing the $VIX directly though more as a tool to tell me how to play other things
01:26 pm Curtis M : Pit close 1 hour
01:26 pm Curtis M : Rising wedge in crude
01:34 pm Curtis M : My scanners havent been this quiet in months
01:36 pm Carol B : Man you called that one clean Curtis $VIX and $SPY
01:44 pm Curtis M : $GALE on the move
01:48 pm Cara R : Going long som3 $XLV starter
01:48 pm Mathew Waterfall : $FRO popped up on my scanns. Cup/handle look on 20 day. Swing against LOD looks decent. Again it feels like I’m reaching here just looking for something to trade
01:49 pm Curtis M : One good kill for me pls
01:58 pm Curtis M : Long $BOSC starter scaling 3000
01:59 pm Curtis M : 2.164 avg
02:00 pm Curtis M : Scaling 3000 more
02:04 pm Curtis M : Sorry a little internet spike or something there
02:04 pm Curtis M : We might squeeze em here
02:07 pm Curtis M : I feel there pain I really do
02:13 pm Curtis M : Chipping out small profit
02:13 pm Curtis M : Likely renter
02:21 pm Mathew Waterfall : $AKAO is just crazy. Even after their offering news post market, this thing is still running. Went right by my 14 target and looks like it might se 16’s today
02:26 pm Curtis M : If CL sell off here we may get a good buy down at support
02:36 pm John M : Odd. $AKAO
02:39 pm Curtis M : Anybody that went long $AKAO on the 20 has won so far
02:43 pm Mathew Waterfall : $CRBP jiggy. Hit for a small starter against 7.75 or so. Plan to add more on retest if we see a pullback
02:44 pm Drew M : $AKAO may never stop.
02:51 pm Curtis M : This is resistance on $SPY 227.80 227.96 – it pops and it could be gone for a while.
02:57 pm Mathew Waterfall : Small add $CRBP at 8.07. Tight stop on this at 8.75. Risky play as these things will gap overnight so keeping it small for a swing
03:07 pm Curtis M : Leaderboard $USEG 69% $GLF 25% $AKAO 21% $INVE 16% $DTRM 14%
03:11 pm Greg L : Laughing my ass off from your post this morning about 227.80 area being interesting on Twitter and guess where weve stalled. Spooky.
03:11 pm Curtis M : lol
03:18 pm Mathew Waterfall : Well I guess it’s an early day today. Holding into the fed as tomorrow morning should also be fairly calm. Will hang out but unlikely to do much. Have a good night all
03:19 pm Curtis M : yup
03:20 pm Curtis M : Thanks for the calls Mathew!
03:20 pm OilQ K : Ya Mat!
03:20 pm Mathew Waterfall : Hope some people followed along on the casinos and $JBLU which killed it. If not, there will be more that’s for sure
03:21 pm Curtis M : I know for sure 3 did cause they DM’s me:)
03:21 pm Mathew Waterfall : Perfect. Love helping other people make $$$
03:21 pm Jack D : Thanks Mathew!
03:28 pm Cara R : Yes Thank you guys
03:48 pm Mathew Waterfall : $ADMP squeeze into the close.
03:50 pm Mathew Waterfall : Nice volume there as well. Somehow I’m holding a few shares here
03:51 pm John M : good action
03:51 pm Mathew Waterfall : I got lucky. Bought when it looked liek a breakout over $3 about amonth ago and never hit my stop. Small position but nice to finally get in the black lol. Better to be lucky than good sometimes
03:51 pm Curtis M : lol
04:00 pm Curtis M : Good night all.

You can follow along with public calls our algorithms post on Twitter here:

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

 

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $OPGN, $BOSC, $AKAO $MDGS $NVCN $APRI $IDXG $UGAZ $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F

13
Dec 2016
Natural Gas, $UGAZ, $DGAZ, $NG_F

Pre-Market Newsletter Tuesday Dec 13 $NVCN, $RGSE, $ORIG, $UWT, $AKAO $APRI $OPGN $SLV $NG_F $VIX $UVXY $TVIX $USOIL $WTIC $GLD $GDX …

My Stock Trading Plan for Tuesday Dec 13, 2016 in Chatroom. $NVCN, $RGSE, $ORIG, $SDRL, $OPHT, $UWT, $AKAO,

Pre-Market Newsletter Tuesday Dec 13 $NVCN, $RGSE, $ORIG, $UWT, $AKAO $APRI $OPGN $SLV $NG_F $VIX $UVXY $TVIX $USOIL $WTIC $GLD $GDX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Tuesday Dec 13, 2016 in Chatroom. $NVCN, $RGSE, $ORIG, $SDRL, $OPHT, $UWT, $AKAO, $APRI, $OPGN, $NG_F, $SILVER, $SLV, $SL_F, $VIX, $UVXY $TVIX, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY … more.

Welcome to the Tuesday morning Wall Street trading day session!

Important Notices:

Fed speak Wed 2:00 PM EST.

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Oil meetings happened and we have a new break out!

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

Watching $AKAO from yesterday’s premarket watchlist and trades executed yesterday – $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin and possible sympathy plays $APRI $OPGN.

Dips on $GOLD $GLD are NOT being bought now vs.selling the rips (so this by default plays in to $SILVER). The Trump train / reflation train. Watching $USD/JPY. Hoping we can get an inflection here to get in to a long position and start scaling in (one final dump in it and $SPY etc but likely to early yet). $USD/JPY is in a resistance area but the chart is far from broken so be careful Gold bulls!

$NATGAS $NG_F has come off some from important resistance and is NOW AT AN IMPORTANT SUPPORT – ON WATCH HERE!!! See chart below.

$SPY has continued its upward trend. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally etc). Very likely markets take a rest around Fed speak Wed 2:00 PM EST.

$VIX – volatility I called almost to the minute yesterday and $VIX hould get some spiking today and Wednesday. So I am watching close $TVIX $UVXY.

Crude Oil is trading upward in its trading range overnight – if this continues there is a high probability small cap equites pop Tuesday morning!!!

And that brings me to momo stocks and rotation therein, looks like we continue with huge opportunities there also!

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 they have been undeniably accurate on many time-rames (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.

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

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 ans 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: $NVCN $RGSE $APR $ORIG $SDRL $OPHT $UWT $NE $SBGL $UCO $CHK $DB $LVS $SSL $SHPG $ESV 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: $AKAO (momentum Monday) and sympathy plays $APRI $OPGN, $HMY (chart), $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).

(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: $CE $CIB $ERF $UN $FRT $HR $MOH $CNC $BVN $HCP $SEAS $CPT $ABTX $CBS $MAA $EMR  I will update before market open of refer to chat room notices.

(6) Downgrades: $MPW $SNH $HCN $PPG $ALXN $BMS $BWLD $SWK $OKE $LFUS $DVA $GNC $STC $WAC $GRFS $CBL $KRG $BRX $AKR $GTLS $MRO $ECPG $DEI $DDR 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)

Outlook: Hasn’t stopped – but the Fed is coming so you want to watch. 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.

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.

227.80 looks fun. Caution overhead guys and gals. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

S&P 500 $SPY, $ES_F, $SPXL, $SPXS

227.80 looks fun. S & P 500 $SPY $ES_F ($SPXL, $SPXS)

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

Outlook: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV – ON HGH WATCH NOW.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

I WOULD PREPARE FOR A POP IN VOLATILITY BETWEEN NOW AND WEDNESDAY AFTERNOON and even perhaps in to next week Tuesday.

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.

Got $VIX? $UVXY $TVIX $XIV

$VIX, Volatility Index, Chart

Got $VIX $UVXY $TVIX $XIV

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)

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

My Trading Plan for Gold: 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.

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

Getting closer to 1133.00 our algo had 90% probability on. Gold algo intra work sheet 559 AM Dec 13 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Gold, Algorithm, Chart

Getting closer to 1133.00 our algo had 90% probability on. Gold algo intra work sheet 559 AM Dec 13 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Silver $SI_F: $SLV ($USLV, $DSLV)

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

My Plan for Trading Silver:

Per previous;

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.

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

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

Chart, 200 MA, Silver, $SL_F $SLV $USLV, $DSLV

Silver fighting with resistance. It could pop to 200 MA on 1 week. Possible. $SI_F $SLV $USLV, $DSLV

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

The Oil break-out came so I am looking at small cap oil per list below. I am watching the support and resistance lines close – especially the yellow ones in the chart.

Outlook: Crude oil is trading within and respecting the main support and resistance areas of its upward channel. I am trading the support and resistance margins – I will consider shortside at the top of the channel or resistance and long at the bottom of the channel. I did take a trade Monday that was riskier because it was midrange and at a weak support but I had the algo on my side – mapped it out in advance – crude followed the plan so I took the trade in $UCO and it worked. Small scalp.

At the end of Monday the price was left right at a support level (a fibonacci support just above a trendline support) – I was going to take a long there at end of day but decided not to. I notice now in overnight trading it did hit support and has got some uplift – so I will monitor trade on Tuesday.

Trading Plan: Oil equities: Small cap oil may get some pop first thing Tuesday morning if crude is still trading in its upward channel. Positions in $UCO would be tough here.

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

crude, oil, chart, $USOIL, $WTI

Trading in upward channel respecting support and resistance. Crude oil algo intra work sheet. 513 AM Dec 13 FX $USOIL $WTIC $CL_F $UWT $DWT $USO $UCO $SCO #Oil #OOTT #algo

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

Hit resistance as I thought and alerted.

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

ON WATCH!!! This could get a considerable pop in to late Wednesday and even as far as in to late Monday next week is possible!!!

Natural Gas, $UGAZ, $DGAZ, $NG_F

Natural Gas hit heavy resistance, came off, now at a Fibonacci support. $NG_F $UGAZ $DGAZ

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).

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article, “Why our Stock Algorithms are Different.”

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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $AKAO, $APRI, $OPGN, $DVAX, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

13
Dec 2016
$AKAO, Momentum Stock, Chart

Post Market Mon Dec 12 $AKAO $APRI $OPGN $UCO $DUST $WMT $USOIL $WTIC $GLD $SPY $DXY $VIX…

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 12 –

Post Market Mon Dec 12 $AKAO $APRI $OPGN $UCO $DUST $WMT $USOIL $WTIC $GLD $SPY $DXY $VIX…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 12 – $AKAO, $APRI, $OPGN, $UCO, $DUST, $WMT, $XIV, $GOLD, $USDJPY, $USOIL, $SPY, $WTIC, $NATGAS, $VIX, $SILVER, and more.

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.

Notice: 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.

Notice: We are testing fault settings for multiple trading rooms in 2017. We have groups in different rooms all seeing same screen – if you’re moved don’t sweat it – it won’t affect your experience.

 

Primary Lessons That May Help Your Trades:

I should have got on the $AKAO train earlier in the day – it was on my watchlist as the number one watch but I got too distracted with a ntra-day slump in the S&P. Getting on the train earlier likely would have netted me at least ten times because I would have scaled in 1000 shares on the first, 3000 then 5000 and scaled out of 9000 shares on the way up. So it was an ideal news play that I just didn’t focus on – part of the challenge in setting up our room service too – we had a technical site host issue RIGHT WHEN THE MARKET WAS ABOUT TO OPEN ugh.

Looking Forward:

Well, we have Fed talk Wednesday so yes the market may oompff a bit – but I expect it to run again until near Christmas or even closer to Preident Elect Donald Trump’s power transition. Still watching $VIX close – there was a small play there today I called to the second but didn’t execute. And Gold and Silver I’m still waiting on a long confirmation from our algos – they called this price target from months ago that we are in now so I’ll trust their math on my long entries. The $USD/JPY chart (and our $DXY algo) still says not broken – at resistance, but not broken so I’m waiting on $GC_F $GLD Gold. And crude oil, our algo was firing off an intra short early in market open but I didn’t take that and waited for long position at support which didn’t hit until market end so I’m watching over night – may get a buy trigger there Tuesday. I will be watching fervently $AKAO and sympathy plays tomorrow ($APRI, $OPGN) and any other momentum stocks.

Announcements in Trading Room:

08:52 am Curtis M : (1) Pre-Market Gainers Watch-List: $AKAO, $WTI, $VNR, $SGY, $REXX $MTL $CIE $ORIG $SDRL $ATW $DNR $PACD $AVXL $UWT $DGAZ $EPE $MEMP 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: $HMY (chart), $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT, $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).

(4) Regular Algo / Charting Watch-List: Gold $GLD $GC_F, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SL_V ($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: $ABB $AEG $MGIC $AIG $BCR $CXW $WEB $HBI $PES $LULU $BRO $TRV $AMD $AUY $TAHO $TCP $COO $COP $UBS $T $EGHT $RNG $NVR $REGN $HBI $HOLX $DGX $FSV $GRA $FMC $TSO I will update before market open of refer to chat room notices.

(6) Downgrades: $CF $ALGT $PHG $GFI $CDNS $CMC $OPHT $IRET $MCC $KRG $EOG $MOS $DEPO $TTC $PEI $FOXA $GFI $EZPW $FLS $SYNA $WBMD $UBSH $FINL $CVS $CMC $WOR $SGEN $CERC $FUL $TMO $HUN $CC I will update before market open or refer to chat room n

09:18 am Curtis M : Website is down. Host is reparing their issue. Premarket newsletter emailed to everyone.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:04 am Curtis M : Movers: $AKAO, $ORIG, $AKRX, $AREX, $CSOD, $MCEP, $IMMU, $CRZO, $REGN, $USLV
09:11 am Gurpreet Singh : Good morning all
09:11 am Curtis M : S&P -0.04%.10-yr -0.07%.Euro +0.51% vs. dollar.Crude +3.69% to $53.41.Gold -0.06% to $1,161.40.
09:21 am Curtis M : Sartaj emailing morning newsletter right now.
09:24 am Curtis M : Gappers- $AKAO $BCEI $SGY $WTI $ORIG $VNR $PACD $MTL $SDRL $LEI $TDW $NADL $CIE $NOG $AREX $CRC $AKRX $EPE $SDLP
09:24 am Curtis M : Watching oil for pull back as close to yellow line as possible
09:30 am Curtis M : watching gappers at open
09:33 am Curtis M : Wating for pull back in oil before I take a long in small cap oil
09:34 am Mathew Waterfall : Closing out $XOM calls. here. Waiting for $SDRL calls to juice and will clsoe a portion of those as well
09:35 am Mathew Waterfall : Out some of the Dec16 4.5c’s at .35 from .1
09:38 am Mathew Waterfall : Out $SN Jan17 10c’s at .85 from .3. clearing the board a bit here
09:40 am Curtis M : Nice
09:41 am Curtis M : Leaderboard $AKAO 56% BCEI 34% $VNR 27% $ORIG 24% $NADL 23%$ PACD 19%
09:48 am Mathew Waterfall : Ask side to unload more SDRL Dec23 4.5’s at .45 from .15. I won’t chase for a fill on these
09:52 am Curtis M : $USDJPY important area IMO – looking at a snipe in miner’s if it stays under 100 MA on 15 possibly
09:58 am Curtis M : This looks like the intra battle for $USDJPY
09:58 am Curtis M : Also watching $VIX close because it should get a pop soon – within a few days
09:59 am Curtis M : This $SPY buying is gong to rest for a while soon IMO – the books are almost filled with quotas
10:00 am Curtis M : Wed mornng at latest IMO it rests
10:02 am Mathew Waterfall : Crazy open here, giving most of my positions a chance to ven out a bit. Still holding the casinos and will do so through tomorrow unless we get a big pop there for some reason
10:02 am Mathew Waterfall : *even out. Sorry on backup keyboard this AM
10:03 am Curtis M : $AKAO may be a decent short here IMO
10:06 am Curtis M : A short in $AKAO at 9.10 perfect seup
10:06 am Curtis M : Lol theres some test
10:11 am Mathew Waterfall : In some TZA dec23c’s at .34 as a hedge and play for a pullback. Small position to trade agaist witl good r/r if things juice
10:16 am GSCT . : TVIX nice move
10:20 am Curtis M : Watching $NADL for a pop
10:24 am Curtis M : Gold bugs are buying quick on $USDJPY weakness
10:26 am Mathew Waterfall : Twtr weekly puts look actractive here as wel. Watching those
10:27 am Mathew Waterfall : In some 18p’s at .06 for a lotto. Hero or zero play
10:51 am Curtis M : Retail should get a good pop here soon IMO – may take a few days… like Thur ish but between now and then per watchlist
10:51 am GSCT . : $AKAO new HOD
10:57 am Curtis M : $AKAO Could go a long ways
11:03 am GSCT . : No audio commentary today?
11:11 am Curtis M : Looking at possible Long in $DUST if $USD/JPY gets on the move and $NADL
11:18 am manish kant : greetings all
11:24 am Curtis M : Scaling in 1000 shares $DUST
11:26 am Curtis M : Welcome Manish
11:26 am manish kant : Thanks Curtis
11:27 am Curtis M : Looks like my fills will avg 53.45 on $DUST
11:30 am Curtis M : $GLF up 37% now
11:31 am Sammy T : $ORIG 20% also
11:33 am Curtis M : Leader board $AKAO $GLF $EVEP $ORIG $MTL
11:33 am manish kant : orig
11:40 am Dani M : Oil starting to look better
11:42 am Curtis M : Still defending $NADL 200 MA
11:49 am Curtis M : Long $UCO 1000 11.763 avg scale to 5000 with ex[ectation there may be one more leg down
11:50 am Mathew Waterfall : $DUST not looking so hot for the heads up
11:53 am Curtis M : Ya $DUST will be a swing past Fed
11:53 am Curtis M : My swings I look at 1000 3000 5000 share entries for example – scale on swings at supports / resistance
11:54 am Curtis M : Kiinda like $UCO right now I expect a leg down
11:54 am Curtis M : $DUST $SPY $OIL not done yet… they all gotta meet Santa lol
11:55 am Mathew Waterfall : Let’s hope so. I have some $DUST calls that need a bit of help here
11:58 am Curtis M : Oh ya $DUST has at least one more round – may be a few days tho
11:59 am Curtis M : I’m prepared for 3 – 4 weeks on that position $DUST
12:05 pm Shawn B : I like $SPY long here too soon – waiting and watching
12:09 pm Larry B : Bulls come soon – rally is on until Obama gone bye bye
12:10 pm Larry B : $VIX good call Curt
12:11 pm Curtis M : Back in 30 looks calm
12:14 pm Michael P : oil calls fresh too ha ha
12:14 pm Michael P : Mathew you in long Wallmart? Did Curt??
12:15 pm Curtis M : No I didn’t I’m in oil long and dust Michael – $Dust I might have some pain
12:15 pm Curtis M : ok bye back soon
12:16 pm Mathew Waterfall : Nope, no $WMT for me
12:19 pm Mathew Waterfall : That $WMT chart looks like it’s rangebound between fibs and could see some checkback to a quick trendline that I drew in from the yealry lows. If it can clear and firm above 71.65 then high of year would be in play
12:21 pm Mathew Waterfall : Quick 30 second chart of $WMT http://tos.mx/ziGL6s

There was a technical data glitch at this point in the log (data centre truncated log) so here forward for rest of day it is only Curtis’ comments (which is unfortunate because the afternoon session was very active):

12:32 Crude going according to plan

12:41 I like the $WMT play but yes not much upside – slow move to profit

12:46 Fed Wed 2:00 PM FYI

12:54 Looks like a market pauce is possible until after Fed Speak

12:54 $USD/JPY

1:10 Selling my $UCO here for small gain – going to see what this afternoon brings – out 11.83

1:10 Hold $DUST though until at least next Tuesday 8 days min (unless I can get out earlier)

1:12 Thinking with oil we may test that lower support (yellow arrow) market is ooomfedish

1:15 I am in $STUDY until scanners hit

1:22 I may hit $AKAO on every wash-out here – this is carzy price action

1:27 $AKAO 1000 starter at 10.47 per share – tight

1:32 Out $AKAO 10.94 per share

1:34 Watching $AKAO 10.75 pull-back area

1:35 Likely 10.50 pull-back more likely

1:38 Long 1000 shares $AKAO 10.76

1:39 Out 11.025 per share $AKIO

1:43 Long $AKAO 11.46 1000 shares

1:46 Out $AKAO 11.62 1000 shares

2:11 $OPGN and $APRI could get action off $AKAO

2:13 All three are likely good candidates for morning momentum stocks tomorrow also.

2:30 Long $AKAO 12.76 1000 shares

2:52 Out 12.92 sold 1000 shares $AKAO

3:23 Out $DUST shares chipped out in three pieces aberage 53.70

3:31 $AKAO chart still not broke – holding resistance area still.

3:34 Here we go again.

3:49 $APRI should run momo tomorrow morning.

 

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $AKAO, $APRI, $OPGN, $UCO, $DUST, $WMT, $XIV, $ES_F, $SLV, $SILVER, $GOLD, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NATGAS, $NG_F, $USD/JPY, $SPY, $VIX

12
Dec 2016

Pre-Market Newsletter Monday Dec 12 $SDRL $USOIL $WTIC $AKAO $DVAX $HMY $GLD $GDX $SLV $NG_F $USD/JPY $SPY $VIX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Monday Dec 12, 2016 in Chatroom. Oil, Small cap oil, Tech, Retail, $SDRL, $AKAO, $DVAX, $HMY, $GOLD, $GLD, Miners, $GDX, $SILVER, $SLV, $USOIL, $WTI, $USD/JPY, $SPY, $VIX, $NATGAS … more.

Welcome to the Monday Wall Street trading day session!

Important Notices:

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB

Oil meetings happened and we have a new break out!

Current Holds:

$CBMX, $JUNO

Market Outlook:

Watch out for the upcoming Fed road bumps – stay nimble.

Small cap oil could go nuts – see list of names below. $SDRL on high alert. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect and hit EPICs targets for last Wednesday and Friday and the algo lines and the time / price cycles (if you subscribe to EPIC’s newsletter be sure to check the report this morning!). Also, machines have been on since mid November break-out (so this makes trading oil related easier for me).

$AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT.

Dips on $GOLD $GLD are NOT being bought now vs.selling the rips (so this by default plays in to $SILVER). The Trump train / reflation train. Watching $USD/JPY.

$NATGAS $NG_F has come off some from important resistance I alerted – watching close.

$SPY has continued its upward trend. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally).

And that brings me to momo stocks and rotation therein, looks like a fun week here setting up again. So these remain on high watch.

I am also watching Tech and Retail.

$HMY on watch – getting jiggy. $X and $CHK action.

There is so much going on it is best reviewed as market opens in the trading room today.

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 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: $AKAO, $WTI, $VNR, $SGY, $REXX $MTL $CIE $ORIG $SDRL $ATW $DNR $PACD $AVXL $UWT $DGAZ $EPE $MEMP 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: $HMY (chart), $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT,  $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).

(4) Regular Algo Charting 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, $UWT, $DWT), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades: $ABB $AEG $MGIC $AIG $BCR $CXW $WEB $HBI $PES $LULU $BRO $TRV $AMD $AUY $TAHO $TCP $COO $COP $UBS $T $EGHT $RNG $NVR $REGN $HBI $HOLX $DGX $FSV $GRA $FMC $TSO I will update before market open of refer to chat room notices.

(6) Downgrades: $CF $ALGT $PHG $GFI $CDNS $CMC $OPHT $IRET $MCC $KRG $EOG $MOS $DEPO $TTC $PEI $FOXA $GFI $EZPW $FLS $SYNA $WBMD $UBSH $FINL $CVS $CMC $WOR $SGEN $CERC $FUL $TMO $HUN $CC 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: $SPY ($SPXL, $SPXS)

Outlook: Hasn’t stopped – but the Fed is coming so you want to watch. 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.

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: Looking for possible record lows before Christmas.

There was interesting action late Friday while $SPY was rising in $VIX and $XIV – ON HGH WATCH NOW.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

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.

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)

 

Resistance in $USD/JPY starts at 115.95 and you can expect considerable turbulence if it continues uptrend in that region. BUT DON’T BE FOOLED BY THE BEARS – this chart is far from broken yet. But it is in to resistance so this could be inflection point. And being that Gold is very near our target watch close. 

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

$USD/JPY Per above.

My Trading Plan for Gold: 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.

Waiting for a long trade confirmation in Gold.

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.

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

Silver $SL_F: $SLV ($USLV, $DSLV)

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

My Plan for Trading Silver:

Per previous;

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 Silver trade: $AUMN (penny stock).

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

 

The Oil break-out came so I am looking at small cap oil per list below. I am watching the support and resistance lines close – especially the yellow ones in the chart.

Outlook: Looking for its new trading range and then I will trade the support and resistance areas.

Trading Plan: Oil equities:

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

Oil Trading Chart

Oil Trading Chart

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

Hit resistance as I thought and alerted. We’ll see what happens.

Study:

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

Watch that $SKLN wash out snap back trade on YouTube I posted if you want to learn your indicators!

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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, Small Cap Oil, $SDRL, $AKAO, $DVAX, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

12
Dec 2016

Weekly Swing Trade Member Newsletter – Dec 12, 2016 $JUNO, $SGY, $CBMX, $USOIL, $WTIC, $GOLD, $GLD, $SILVER, $SLV, $VIX

Swing Trading , , , , , , , , , , , , Swing Trader

Good morning traders and welcome to our weekly swing trading newsletter for the week of Dec 12, 2016!

Don’t hesitate to email us at [email protected] anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private mesage Curt in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.

My primary seven swing set-ups this week are:

FX: $USOIL $WTI

You can use a number of instruments to trade oil such as FX $USOIL $CL_F CL $USO $UCO $SCO and more…. I am using $UCO for the long (by the way $UWTI AND $DWTI are being resurrected so I am very excited to be able to trade these again soon) and I am currently looking at a number of small cap and mid cap oil plays. Oil is in an obvious break-out (and since last report doing well).

The important thing with oil is to watch the Fibonacci levels, trend lines (diagonal and horizontal), your moving averages and your trading widths (margins / pivots). I can’t discuss the algorithm here but I can refer you to Epic the Oil Algo twitter feed for various public posts.

Widths / trading range pivots – Because oil is in a break-out you want to take your long positions at the bottom of the yellow lines and I as I mentioned in the last swing newsletter I WOULD NOT short oil in an uptrend at the top of the yellow lines. Wait to short it when it is in a confirmed downtrend – and now is not a confirmed downtrend. So right now I am looking for an entry long at a lower yellow line at 51.91 with a stop at 51.63 and I would exit before 54.43. See orange arrow. If that fails support and my stop gets hit then I will look at a long at next orange arrow down at 49.56 with a stop at 49.16 and I would exit before resistance at 51.90. If this also failed (the second entry arrow) oil is in a downtrend and levels would have to be looked at again to re-adjust.

If crude happens to get up over current resistance at 54.45 I would take a long position with a stop at 54.29 and if it works I would simply hold until crude finds its new trading range and reevaluate in a week or more but keep the stop in place. You can also move the stop up a bit as crude trades up in this instance.

Fibonacci Levels – As with last newsletter, because oil is in another break out I wouldn’t be comfortable taking a long or short position based on fib levels because they are skewed. Wait for this break-out to back-test and then look at the levels next Sunday night update.

MA – Oil is trading way above its MA’s so there is no concern here with long positions – but take the range pivots in to consideration first. When these become a possible issue I will advise.

Crude oil, swing trading chart

Orange arrows represent chart support for long trade in crude oil.

$GOLD – $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG

So last week I said;

Here again I cannot share the proprietary algorithm components of Rosie’s algo but I can share with you the publicly posted data. Rosie predicted in July that Gold would hit this range but also warned of a 90% chance that Gold would have to hit the bottom of a quadrant on her charting. That would put Gold near 1133.00. I am waiting to see if this occurs and I will take a long trade in $NUGT at that time with a normal swing stop of about 4% and then if uptrend confirms I will scale in at 3 stages. Initial order 2000 shares the 5000 then 10000 then 20000 adding at pullbacks.

The idea in swing trading is to catch the trend reversal and then scale in when confirmed.

Good thing I waited! Price has downtrended since. It isn’t at my preferred 1133.00 so I am going to watch – if it starts to take off upward I will start to nibble with long positions with tight stops. No particular level that I would do that – just if it started to move for any more than a day and it looked like it had momentum. Then slowly enter. BUT THE PREFERRED play is to wait for that 1133.00 WHICH COULD COME QUICK NOW.

Watch Rosie the Gold Algo twitter feed for intra-day updates that may occur.

Gold, Swing Trade

Gold Swing preferred target is 1133.00 ish for long trade.

$SILVER $SLV $USLV $DSLV

Silver is in exactly the same position as Gold – wait for the Gold confirmation before entering IMO. Use the same scaling principals. Watch SuperNova Silver twitter feed too.

I have always said that Silver will hold up better in a downtrend, but it doesn’t mean you take a long position yet. Sure, it came up a bit since last week, but the idea is to catch the tren reversal and scale in to it for a large gain over time.

Silver, Chart

Silver is in same positon with me as Gold. When Gold goes Silver wll go. $SL_F $SLV $USLV, $DSLV

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

$VIX

Last week I wrote:

I am going to enter a long position in $UVXY or $TVIX for a short term swing (less than 10 days hopefully) at as close to 12.20 as I can get – if I can’t get that I am looking at 12.77.

Considering the geo political environment I won’t be shorting the $VIX unless it gets really extended to topside – which it is not right now.

So it came down to my price target and I didn’t take a trade – I watched. Then it spiked and I would have had a short term gain. Now it’s sitting back at my buy target area and I am going to watch.

If it starts upward I will likely take a trade long in $TVIX or $UVXY and exit by ratcheting up my stops as it goes. Where exactly where I take that trade? I don’t know. But I’m getting more confident with it because of two reasons.

1. At the end of day Friday the there was $VIX insurance buying even while $SPY was spiking at end of day and $XIV (which is the opposite of $VIX) wasn’t moving like it normally does when there is a $SPY spike. Now, $VIX isn’t determined by $SPY but it is a signficant factor. So when they move in this way it is time to pay attention.

2. ALSO, the CNN fear and greed indicator is near all time highs for greed. If you study it out there is a correlation – when greed is this high 9 times out of 10 there is a spike in $VIX because if nothing else investors start taking out insurance. http://money.cnn.com/data/fear-and-greed/

Now, if the $VIX does spike, and the spike is signficant I will short the $VIX because that is always easy money – but that is something that has to be determined on an intra level and I can’t give you levels here on a swing alert.

$VIX, Swing Trade

$VIX Swing trade

$SGY

Last week I wrote this:

I really like this swing as a low float energy play. But you have to set a stop at 4% or so and be ready to ratchet up stops as it gets closer to 8.00. This stock has a history of serious gains when oil gets in to break out mode.

Well… that worked out well. There was a really nice spike right that day for a great gain and it is trading this morning again for a nice gain.

The way to play this one now safe is to watch the oil trading chart and support levels I gave you. Wait for oil to hit one of those two support levels I show on the oil chart and play it exactly like you would oil as I wrote above. And, if oil gets up over that overhead resistance I outlined you can then go long $SGY vs. oil. Either way, if you take a long position at a support set your stop at about 4 – 5% and if you get lift ratchet your stops up as you go. There is no way to give you levels up if it goes – just ratchet up stops at your comfort level.

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$SGY swing trade

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$JUNO

Last week I wrote this:

This is a wash-out snap-back swing that I really like. It is up in premarket today but I believe there is a lot of room here. My timeframe is 3 months and I expect a lot of that gap fill to come in to play at 29.83. It has resistance at 22.87 but I don’t think it will hold. One of my favorite swings right now.

So this one didn’t do as well, but I am holding and I will enter with more of a position if it gets back up off it’s feet and starts trending up. Like I wrote, my time-frame is 3 months so I will be patient.

$JUNO Swing Trade

$JUNO Swing Trade

$CBMX

I wrote this last week:

This IMO opinion is a fantastic opportunity – but it does have its risk. You wll have to research the company on your own and make a determination for yourself. But if you find after your research that you think it’s a decent hold for a month or two it is one of the best swing plays on the market at this price IMO. I’m looking to add today to my position.

Well this one worked out well too, I am currently adding in near the 2.90 level. A mid term hold for (3 – 6 months) and I expect close to 50% gain on it. But it is high risk so set stops.

$JUNO Swing Trade

$JUNO Swing Trade

Other Swing Trades I am Looking in to:

Casino stocks: $WYNN $MPEL $MGM $LVS – but I can’t say right now that I will. I am also watching retail and tech for long positions, but not quite ready. Will update on this soon.

This comment from last week remains the same:

That’s about it for this week. I am waiting for the market inflection to settle down and a little more of the indices to settle on the other side of this Trump trade before scaling in to any indices plays and the like. But as I said I am running about 40 charts on plays I am looking at and hope to start adding some of those for next Sunday!

Have a great week and if you have any questions email anytime!

Best of luck.

Curtis

Article Topics; Swing Trading, $JUNO, $SGY, $CBMX, $USOIL, $GOLD, $GLD, $SILVER, $SLV, $SPY, S&P 500, $DXY, $VIX

12
Dec 2016

Post Market Fri Dec 9 $IDXG, $SDRL, $XIV, $USOIL, $WTIC, $GLD, $SLV, $SPY. $DXY, $VIX…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algo Calls and Alerts for Friday Dec 9 $IDXG, $XIV, $GOLD, $USDJPY, $USOIL, $SPY, $WTIC, $NATGAS, $VIX, $SILVER, and more.

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.

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

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

I had a decent scalping day. Caught morning momentum stock $IDXG, caught $SDRL (an oil driller) but should have held because not only did it run late day (like I thought it would but it ran later than I thought it would) and also the oil deal on weekend I am sure will cause more spike here, and $XIV I caught for a standard play.

Primary Lessons That May Help Your Trades:

Once again trading your plan – $SDRL early sell wasn’t the right call. Profit, but not the right call.

Looking Forward:

Monday will definately be about oil and small cap oil equities FX: $USOIL $WTI | $USO $UCO $SCO $UWT $DWT.

Looking toward the trend reversal on Gold $GC_F $GLD and Silver $SL_F $SLV . I really want to get on the right side of that move – not only in Gold and Miner’s ($GDX), but with the Gold company stocks too (small, mid and large) – will be a huge swing and even trend reversal IMO.

Watching for indications in $SPY and $USD/SPY for inflecton ($DXY). Watching $VIX for tell tale signs of potential dips in $SPY.

Announcements in Trading Room:

08:49 am Curtis M : Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

08:50 am Curtis M : Gainers: $IDXG 36%25, $SSH 22%25, $SWC 19%25, $FGP 9%25, $FNSR 8%25, $MPEL 6%25, $AVGO $WYNN $NVCN $DYN $LVS $NAK $OCLR $DNN $CCJ $BIIB

Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

12:01 pm Curtis M : On lunch until 12:30 EST

Gainers: $IDXG 36%25, $SSH 22%25, $SWC 19%25, $FGP 9%25, $FNSR 8%25, $MPEL 6%25, $AVGO $WYNN $NVCN $DYN $LVS $NAK $OCLR $DNN $CCJ $BIIB

Good morning traders! Lots going on be sure to read premarket newsletter!

We have groups in different rooms all seeing same screen – if you\’re moved don\’t sweat it.

 

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:04 am Gunnar Thomsen : Spot on…
09:17 am OILQ K : I’m better
09:18 am OILK K : lol u wish
09:27 am Curtis M : Gainers: IDXG +45%. SWC +19%. SGYP +15%. NAK +11%. NVCN +9%. FGP +8%. ORIG +8%. FNSR +8%. MPEL +7%. AVGO +6%. WYNN +6%. LVS +6%. BIIB +5%.Losers: SCON -28%. MVIS -25%. CLSD -22%. RH -17%. SBGL -15%. USAC -8%. AIRG -6%.
09:33 am Curtis M : Long 2000 1.75 $IDXG
09:34 am Curtis M : Out 1.84
09:36 am Curtis M : Crude on high watch fro break of upside resistance
09:39 am Pam E : $SSH momo
09:40 am Curtis M : .
09:45 am Curtis M : $SDRL
09:50 am Curtis M : $IDXG 86% $SWc 17% $FCP 13% $SGYP 8.8%
09:50 am Mathew Waterfall : Got stopped out of $SWC common position yesterday. Hate that
09:50 am Mathew Waterfall : But had MGM calls and some $SDLP to make me feel better
09:51 am Curtis M : $SGYP red
09:52 am Mathew Waterfall : Wow had an order for $SGYP ready this am. It broke out of the wedge I had marked. Damn it lost its footing quickly
09:56 am Mathew Waterfall : I like your picks. Long $ORIG from 1.9
09:57 am Mathew Waterfall : Currently have a trailer on it but it has been on a rampage this AM
10:00 am Curtis M : ugh
10:01 am Curtis M : $MGM nice Mathew — casinos fun 24 hours
10:01 am Mathew Waterfall : Yea got lucky and had my prior $MGM calls sold on the way down, picked up more cheap at the bottom and just sold some for a quick double to hold the rest for free
10:10 am Curtis M : $SDRL $NADL $ATW $ORIG $PACD all on gh watch with me if crude oil braks upside trendline and resistance – would be huge.
10:12 am Mathew Waterfall : $SDLP smoke show. nice
10:24 am Mathew Waterfall : Cheap $SDRL calls for next week. hit 4.5’s for .10. Great r/r if oil gets moving. SDRL sees 4+ on monday and thse are easy 3 baggers
10:26 am Curtis M : might be a good play Mathew… just might be
10:27 am Mathew Waterfall : Super low risk which is why I love calls in this type of play. $SDRL gets killes you don’t lose much, it pops you win big
10:55 am Mathew Waterfall : Rolling some $RIG calls out here. Dec14.5’s to Jan6 16’s for .35 credit. Taking gains and will take advantage of a move up with a higher delta
11:06 am Curtis M : Gonna look at $DGAZ when $NATGAS around 3.73
11:18 am Mathew Waterfall : You in my watchlist this morning? lol I;m in this as well
11:20 am Curtis M : $DNAI
11:39 am Curtis M : Long 45.956 2000 $XIV starter in swing acct
11:50 am Curtis M : $INVN
11:56 am cam u : OIl meetings likely big play with drillers
11:57 am OILQ K : I like the drillers play too – oil meetings likely positive news with Russia
12:05 pm gary y : thanks
12:05 pm Curtis M : ok back in 12 mins lol
12:17 pm Curtis M : Back from lunch – looks like EPIC’s taget call is in play lol – love EPIC
12:33 pm Curtis M : Running scans for afternoon
12:35 pm Curtis M : 2000 Sold $XIV 46.2658 avg win
12:38 pm Mathew Waterfall : Stalking some WYNN calls here. Likely end of month 94/5s
12:38 pm Mathew Waterfall : $WYNN
12:45 pm Mathew Waterfall : $LVS Dec30 60c’[email protected]. Won’t have a ton of patience with this but will let it play until mid next week at least unless I ge a large move in either direction
12:46 pm Mathew Waterfall : Also looking at adding back $MGM calls to replace what I got out of this AM
12:47 pm Clarissa Nell : Here it comes
12:50 pm Mathew Waterfall : In $MGM Dec30 30c’s @.63. Same play/leash as LVS calls above
12:51 pm Curtis M : $WYNN good call IMO
12:51 pm Curtis M : Got a plan for a play on rig count at 1 pm and put close going in to weekend oil meetings #OOTT $USOIL $WTIC $USO $UCO #Drillers
12:54 pm Mathew Waterfall : In some $WYNN Dec23 100c’s as well. Smaller delta but an early week move up should juice these
12:54 pm Mathew Waterfall : Thanks. Have played this well this week. Weakness on Macau report way over done IMO
01:11 pm Curtis M : 5000 $SDRL long 3.78 ish scaling
02:15 pm Mathew Waterfall : Convenient to have a dog to blame that on haha
02:32 pm Curtis M : Long $XIV 200 46.418 2000
02:33 pm Curtis M : Long $XIV 2000 46.418
02:33 pm Curtis M : Tight stop
02:34 pm Curtis M : $SDRL had a 2.5 cent gain only bahahah played it bad
02:34 pm Curtis M : Out XIV should have opped IMO flat
02:35 pm Mathew Waterfall : Lot of people buying protection up here
02:35 pm Mathew Waterfall : Makes sense, it’s cheap and we are at ATH’s
02:37 pm Curtis M : Taking 10 mins do some scanning and then may call it a day unless theres something at play
02:48 pm Curtis M : So were finally going to publish the remaining algos next week FOR SURE cause theres media coming up before 30 th so look for those posts on the blog.
02:49 pm Curtis M : Im going to hang out till close looking for any end of week plays but likely none. But I’ll be in room till 4
03:05 pm Mathew Waterfall : Think I’m done for the day. HAGW all
03:06 pm Curtis M : cya mathew
03:07 pm market maven : cathya later guys
03:16 pm Curtis M : The rip $SPY
03:29 pm OILQ K : What a great week guys thanks – I’m out.
03:31 pm Curtis M : Tried to warn the Gold bugs
03:59 pm Curtis M : Have a great weekend!

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $SDRL, $IDXG, $XIV, $ES_F, $SLV, $SILVER, $GOLD, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NATGAS, $NG_F, $USD/JPY, $SPY, $VIX

09
Dec 2016
$USD/JPY, Stockmarket, Watchlist, Chatroom, Trading Plan

Pre-Market Newsletter Friday Dec 9 $IDXG, $AEM, $TBIO, $GLD $GDX $SLV $USOIL $WTIC $NG_F $USD/JPY $SPY $VIX …

My Stock Trading Plan for Friday Dec 9, 2016 in Chatroom. Small cap oil, Casino stocks, Tech, Retail,

Pre-Market Newsletter Friday Dec 9 $IDXG, $AEM, $TBIO, $GLD $GDX $SLV $USOIL $WTIC $NG_F $USD/JPY $SPY $VIX …

Trading Plan , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Friday Dec 9, 2016 in Chatroom. Small cap oil, Casino stocks, Tech, Retail, $IDXG, $AEM, $TBIO, $GOLD, $GLD, Miners, $GDX, $SILVER, $SLV, $USOIL, $WTI, $USD/JPY, $SPY, $VIX, $NATGAS … more.

Welcome to the Thursday Wall Street trading short day session!

Important Notices:

$UWTI $DWTI have been resurrected as $UWT and $DWT – this is a massive thing for my trading to say the least. http://uk.reuters.com/article/usa-investment-etn-idUKL1N1E31ZB 

Oil meetings are this weekend so everything oil related is on high watch!

Current Holds:

$CBMX, $JUNO

Market Outlook:

Casino stocks on watch!!! Wash-out snap backs! $WYNN $MPEL $MGM $LVS

Dips on $GOLD are NOT being bought now vs.selling the rips (so this by default plays in to $SILVER). The Trump train / reflation train.

$NATGAS has come off some from important resistance I alerted.

$USOIL $WTI is dialed in with EPIC the Oil Algo perfect and price is on its way to EPICs new targets! so machines have been on since mid November break-out (so this makes trading oil related easier for me).

$SPY has continued its upward trend. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally).

And that brings me to momo stocks and rotation therein, looks like a fun two weeks setting up here. So these remain on high watch.

I am also watching Tech and Retail.

Crude oil, chart

Crude algo intra work sheet 743 AM Dec 9 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

These algorithmic charts will not be shared in the room or in this morning newsletter indefinetly (and without the algo newsletter they don’t do you a lot of good). While in beta for each they will be shared at times in the general room and in general watchlists etc but not indefinitely and not completely.

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 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: $IDXG 63%, $AEM 46%, $TBIO 38%, $SWC 21%, $FGP 13%, $LVS $MBLX $FNSR $MPEL $WYNN $JCOM $AVGO $CCJ $SSH $BIIB $MGM 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: $WYNN, $MPEL, $MGM, $LVS, $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).

(4) Regular Algo Charting 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, $UWT, $DWT), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(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: $SPY ($SPXL, $SPXS)

Outlook: I was looking at a possible pull-back between now and Tuesday but that may not happen. 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.

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: Looking for possible record lows before Christmas.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

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.

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)

$USDJPY Did warn em. Break out. $GLD $GDX $NUGT $DUST $JDST $JNUG $DXY

$USD/JPY

$USDJPY Did warn em. Break out. $GLD $GDX $NUGT $DUST $JDST $JNUG $DXY

US Dollar may come off in to downtrend soonish though – seeing some areas of global markets that are becoming interesting here.

Pre previous: Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets: Waiting, waiting, waiting.

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

$USD/JPY Per previous – Caution Gold bulls.

My Trading Plan for Gold:

Waiting for a long trade confirmation in Gold.

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 – very possibly today. The idea is to get on the right side of the trade and trend.

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

Silver $SL_F: $SLV ($USLV, $DSLV)

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

My Plan for Trading Silver:

Per previous;

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 Silver trade: $AUMN (penny stock).

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

Per previous:

Crude is trading within its range. Until it breaks its recent highs it isn’t bullish and until it breaks its recent lows – same thing. So I will trade the range if at all.

Outlook: Per previous – trading range. There are oil meetings this weekend again so watch close. I will be watching small cap oil very close Friday and Monday!!!

Trading Plan: Oil equities:

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):

Hit resistance as I thought and alerted. We’ll see what happens.

Study:

Watch that $SKLN wash out snap back trade on YouTube I posted if you want to learn your indicators!

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: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $IDXG, $AEM, Casino stocks, Small Cap Oil, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS, $DWT, $UWT, $SLV, $GLD, $DXY

09
Dec 2016

Post Market Thur Dec 8 $COOL, $IDXG, $XIV, $USD/JPY, $GLD, $USOIL, $WTIC, $SLV, $SPY…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades, Algo Calls and Alerts for Thursday Dec 8 $COOL, $IDXG, $XIV, $GOLD, $USDJPY, $USOIL, $SPY, $WTIC, $NATGAS, $VIX, $SILVER, and more.

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.

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

We’re going to publish the remaining between now and next week in preparaton for all their whte papers before the meda programs air. So this of course helps my trading and the set-ups in my opinion (some continued trends and some are trend changes) – so on the other side of the inflection with some of the algos it should be a decent opportunity to scalle in on mid term trades early 2017 and with the other algos like $SPY and $USOIL we’re able to snip intra etc.

Also, generally in the market it was the Trump Train / reflation trade continued and the small cap super novas were firing on all cylinders.

Primary Lessons That May Help Your Trades:

For those that do follow my trades…. I would the main point right now is that continued patience with the reflective trade portion will pay huge dividends (such as with the US Dollar, Gold, and Silver). I took a lot of heat back in summer and early fall with our calls from folks like Gold bugs when we called the down and they were calling the uptrend. So now it’s a matter of just waiting for that turn…. and it may take a while but scaling in to the turn properly can return huge dividends.

$COOL I got out a bit early and $XIV I may have also executed my exit too early. I was thinking maybe a downdraft in $SPY between Friday and Tuesday morning sometime so I was trying to avoid a continued press on volatility.

 Looking Forward:

There are a tonne of set-ups in the market right now. Still on my watch are emerging markets and Friday / Monday could be smoking hot trading with small cap oil considering the upcoming meetings. Dips on $GOLD are not now being bought vs.selling the rips (so this by default plays in to $SILVER) $NATGAS hit resistance and it showed so watching $DGAZ and $UGAZ on the break-out side. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect so machines have been on since mid November break-out. Looks like there is a replacement for $UWTI and $DWTI on deck $UWT and $DWT so I’m pumped for that – of course with having EPIC around lol.

Crude Oil, Algo

Crude oil moving toward algo targets. Crude algo intra work sheet 613 AM Dec 9 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

Announcements in Trading Room:

08:41 am Curtis Melonopoly : Hey guys and gals… if you aren’t signed on as a member we have to hit the switch if you\’ve already been in our room previous for trial. 🙂 Thank you.

08:43 am Curtis Melonopoly : Room member newsletter passwords and links sent. Algo live charting and newsletters with password and link sent. If you don\’t have it in your email inbox let us know.

09:20 am Curtis M : Gainers: VYGR +38%25. TLRD +25%25. LULU +17%25. CTRV +13%25. AVXL +10%25.

Losers: SHIP -43%25. OHRP -27%25. HTBX -18%25. HZNP -18%25. IPI -12%25. PBYI -11%25. VRNT -11%25. NVCN -9%25. JCAP -7%25. ANTH -6%25. CODI -6%25.

09:53 am Curtis M : MEMBER NOTICE: Thursday Trade Room – lead trader and moderator will be intermittently unavailable due to media interviews.

11:37 am Curtis M : Back after lunch 12:45 EST

MEMBER NOTICE: Thursday Trade Room – lead trader and moderator will be intermittently unavailable due to media interviews.

 

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:18 am Curtis M : S&P +0.12%.10-yr -0.28%.Euro -0.76% vs. dollar.Crude +0.92% to $50.22.Gold -0.24% to $1,174.75.
09:19 am Curtis M : Gainers: VYGR +38%. TLRD +25%. LULU +17%. CTRV +13%. AVXL +10%.Losers: SHIP -43%. OHRP -27%. HTBX -18%. HZNP -18%. IPI -12%. PBYI -11%. VRNT -11%. NVCN -9%. JCAP -7%. ANTH -6%. CODI -6%.
09:35 am Curtis M : $IDXG 76%
09:36 am Curtis M : $COOL 57%
09:37 am Curtis M : $COOL Long 5.08 1000 shares for fun
09:39 am Curtis M : $COOL out 5.44
09:42 am Idiyah G : I held out $COOL 5.72
09:43 am Curtis M : nice
09:49 am Curtis M : $COOL May washout snap back here
09:54 am carol b : super cool
10:12 am Curtis M : 196% Halt $IDXG
10:22 am Curtis M : $IDXG 157%, $COOL 57%, $TLRD 39%, $MJPI 28%, $DRAM 25%, $VYGR 20%, $LULU 17%, $PHMD 16%, $CIEN $FGP $CVI $BPMC $VNR $LITE $EW
10:36 am Curtis M : $IDXG 227% wow
10:37 am Rocky D : I played it for profit – looking at VIX
10:47 am Sandy S : $NVAX strong action
11:17 am Curtis M : RUSSIA SEES RISK THAT NON-OPEC MEETING ON DEC 10 COULD BE MOVED DUE TO QUESTIONS THAT HAVE ARISEN – TASS. RTRS. #OOTT
11:26 am Curtis M : $PTIE 8% jiggy
11:36 am Curtis M : $RNVA
11:36 am Curtis M : Taking lunch back at 12:45 EST
02:15 pm Curtis M : sBack from lunch and media interviews sorry guys and gals
02:22 pm Curtis M : $WYNN -7.3%, $MPEL -6.1%, $LVS -5.5%
02:26 pm Mathew Waterfall : Friendly reminder to use stops. Out the rest of my MGM Dec16 30c’s at .77. Currently trading .205
02:26 pm Mathew Waterfall : Had a trailing stop set and got hit on the way down with that massive flush
02:33 pm Mathew Waterfall : SDLP great strength today. Picked up a bit at 3.76. Wish I had more
02:36 pm Mathew Waterfall : You will appreciate this. Copied from another group
02:36 pm Mathew Waterfall : basically “new rules could open the gold market to 1.6 billion muslims”apparently they can’t buy goldhttp://www.marketwatch.com/story/new-rules-for-gold-investing-may-open-the-market-to-16-billion-muslims-2016-12-07
02:56 pm Curtis M : long $XIV 45.56 2000
02:56 pm Curtis M : thx mathew
03:44 pm Curtis M : 46.048 out $XIV 2000 prob early
03:58 pm Curtis M : thanks guys and gals!!! talk tomorow
03:58 pm Sandy S : cya!
03:59 pm Sammy T : peace! out tomorrow all
04:00 pm Curtis M : they bought that dip lol

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $COOL, $IDXG, $XIV, $GOLD, $USDJPY, $USOIL, $WTIC, $NATGAS, $USD/JPY, $SPY, $VIX, $IMNP, $ANTH

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