Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Wednesday Dec 21 – $MRUS, $ESEA, $CALA, $INVN, $OPGN, $JUNO, $CBMX, $UWT, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $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.

EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.

Notices:

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, Algo Calls, Trades and Alerts:

Today was very calm. Some trades in the group. For me quiet – study day mostly. We were on top of every move though and there were some big plays and nice wins I discovered when talking to members later in day after market close.

My Personal Trades:

I took a long swing position in $DUST (1000 shares) – watching $USDJPY very close. Looking at inflection in many other areas (with reference to our algos). Called the natural gas move but didn’t take the recent trade opportunities. Momentum stocks weren’t acting well for my trading style. Looked at possible oil related trades $UWT $DWT but didn’t trigger. Holding $CBMX, $JUNO, $DUST. EPIC the Oil Algo 10:30 AM target missed by 5 cents – called two weeks ago:) Green arrow is when I entered $UWT, red arrow my exit and white arrow was today’s algo target at 10:30 AM.

Crude, Oil, Chart, Algo, $USOIL

Wed Dec 21 1030 AM Target Status. Crude algo intra work sheet 354 AM Dec 22 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT

Looking Forward:

The market has a tonne of inflection points now so things should get interesting soon with our algos that you can find here:

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

Announcements in Trading Room:

08:55 am Curtis M : Gainers: $INVN 16%25, $TIG 5%25, $CLLS 4%25, $BCEI 3%25 $UGAZ $NKE $NUGT $SDRL $CANF $JNUG $STO $UWT $TWLO $FRO $AU $UCO $GDXJ $BP

09:28 am Curtis M : $MRUS +55
$ESEA +32
$CALA +26
$INVN +17
$OPGN +12

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:33 am Michael P : Short $SGY
09:34 am Mathew Waterfall : Legging into a small position in next Friday $SPY calls. Starting smallish 228’s at .54
09:34 am Curtis M : NATGAS Rees closer to 3.75 area
09:35 am Curtis M : NATHGAS res 3.55 3.75 areas
09:36 am Curtis M : USDJPY symmetry calls for move up or down two to four market days from now
09:37 am Curtis M : Market vol low
09:40 am MarketMaven M : Out $TSLA swing for vacation break
09:40 am Mathew Waterfall : Yea not much. Small position in weekly NFLX calls but not much going on
09:41 am Mathew Waterfall : Thinking the rest of this week will be pretty chill. Next week maybe a melt up but expect low volume there as well
09:42 am Mathew Waterfall : $RAS on clear of 3.4 looks decent for swing
09:43 am Mathew Waterfall : Not many alerts popping and not much going on over here
09:45 am Mathew Waterfall : $NFLX friday 129’s at .43. This is for a day trade or hold ON at most
09:48 am Curtis M : Scaling in 1000 $DUST 67.60 area
09:49 am Mathew Waterfall : $SPWR year end lotto shor squeeze play. Dec30 8’s at .09
09:49 am Curtis M : Will add up to 2000 more on any dips $DUST – swing
09:49 am Curtis M : Looks like avg 67.51
09:54 am Curtis M : $XIV ATH
09:55 am Curtis M : A lot of failing momos
09:57 am Mathew Waterfall : Not much confidence across the board this morning
09:57 am Mathew Waterfall : Volume dropping by the looks of things
09:58 am Mathew Waterfall : BUT….$CHK lotto’s ITM!
09:58 am Mathew Waterfall : haha sometimes it’s the small things
09:58 am Curtis M : nice
09:58 am Curtis M : lol
09:59 am Darnel T : Like $NVDA for a bounce
10:02 am Mathew Waterfall : 9.39 Dec 2006 on $VIX lox per my 20 year chart
10:02 am Mathew Waterfall : you had me curious
10:02 am Mathew Waterfall : 12/15/06
10:04 am Mathew Waterfall : Lot of selling after the last huge run up. also bearish MACD cross if you care about such things. This is on $nvda
10:06 am Mathew Waterfall : Strong home sales: Existing home sales hit 5.61 million units in November, vs. expectations of 5.5 million
10:11 am Mathew Waterfall : $CHK lotto’s now at .155 from .11. Decent 50% gain, I’m holding until tomorrow or an 8 handle whichever comes first
10:11 am Cara R : sweeeet
10:13 am Curtis M : Transports break out test on deeck
10:20 am Dani M : wtf lol
10:39 am Mathew Waterfall : Out $NFLX calls at .61 from .43. Keeping a small runner but in the green if they go to 0. Playing tight here
10:48 am Rob D : how will you decide which tgt to go after?
10:58 am Rob D : amazing stuff Curt, thanks for explaining
11:00 am Mathew Waterfall : Still quiet over here. Taking a quick break to scan and see if I can find anything interesting going on. Likely just an extended coffee break haha
11:01 am Curtis M : back soon
11:01 am Curtis M : Internet jam here
11:11 am Rob D : is chart frozen?
11:21 am MarketMaven M : $C blocks
11:24 am Darnel T : $TWLO rumors Amazon partnership
11:26 am Mathew Waterfall : I think I hit a time warp on my coffee break. Nothing seems to have moved the whole time that i was gone
11:28 am Darnel T : ha
11:28 am OILQ K : casinos look great imo
11:30 am Mathew Waterfall : I like $MGM here OilQ K. Have a few 31’s for next week thanks to a roll a while back. Those won’t see action unless it really gets going though
11:31 am Curtis M : $CHK very bullish
11:32 am Mathew Waterfall : I still think 8 bucks this week on $CHK is realistic
11:33 am Curtis M : Very aggresive looking
11:36 am Curtis M : Internet spikes bad here for last week
11:42 am Curtis M : Thers’ casino for ya
11:42 am Curtis M : a baby size one
11:44 am Tyler H : $TSLA bull power
11:44 am Mathew Waterfall : $TSLA has been playing games all day but yea nice moves f you can catch it
11:45 am Tyler H : Bull dog maybe they’re hard to catch
11:45 am Mathew Waterfall : $AMD Jan20 13.5’s. Swing play following some big hitters through on this
11:49 am Curtis M : $LIVE low float manip?
11:50 am Curtis M : going to take an early lunch and hop I get an afternoon play
11:51 am Curtis M : back in 30
11:52 am Darnel T : GOOD PLAN
11:54 am Darnel T : Dead out there
11:55 am Mathew Waterfall : While we’re not doing much I am thinking up ideas to blog about. If you guys/gals want to see anything in particular let me know
11:55 am Darnel T : $MGM looking good today
11:55 am Mathew Waterfall : I’ll probably write something up this weekend about using spreads to take profits or something like that but can always go into something else
11:56 am Curtis M : Ya do a Options for Dummies 101 for me plz – ok buy gone for lunch
11:56 am Mathew Waterfall : Option 101 check. That might be a multi part series but I can start on that
11:57 am John M : hahaha
11:57 am MarketMaven M : critique cramer
11:57 am MarketMaven M : his calls of recent
11:58 am Mathew Waterfall : Come on, that’s not even hard most of the time
11:59 am Mathew Waterfall : I actually don’t watch any financial media. My head hurts enough as it is but I’m sure I could find his picks and poke holes in them easy enough
12:00 pm MarketMaven M : haha
12:01 pm Mathew Waterfall : I see there pics on twitter and they’re always good for a chuckle but that’s about it. Any media is there for your eyeballs, not to make you money
12:01 pm Mathew Waterfall : *picks I should see. or pics of picks lol
12:02 pm Cara R : manipulation everywhere
12:05 pm Mathew Waterfall : End of year can see some funky stuff, kind of like into a quad witch as there are games to be played with book values, tax loss selling, holding to the next tax year before taking gains ect
12:05 pm Mathew Waterfall : I typically just makes for some weird dislocations
12:09 pm Mathew Waterfall : $NFLX working on new highs. $TWLo beasting
12:12 pm Curtis M : stupid ass internet lately lol
12:14 pm Curtis M : thanks mathew
12:20 pm Michael P : $HDS rumors
12:20 pm Michael P : And casinos look bullish IMO
12:22 pm Tyler H : Oil down
12:23 pm Tyler H : LOD
12:34 pm Mathew Waterfall : Still feels like this market wants to finish out the day green. VIX down, TICKs trying to break out to the upside
12:35 pm OILK K : Agree
12:38 pm Mathew Waterfall : Wish $SGY had options to play here. Downside looks very promising
12:39 pm MarketMaven M : $IPCI momentum
12:39 pm MarketMaven M : micro
12:42 pm Mathew Waterfall : Tight range there. A swing against 2.65 doesn’t look horrible
12:42 pm MarketMaven M : meh
12:42 pm Mathew Waterfall : 25% of float short as of nov31
12:43 pm Mathew Waterfall : Not enough volume for me to want to play that name though
12:43 pm MarketMaven M : thats the problem yaa
12:44 pm Dani M : eastern libya blackout no power – oil
12:46 pm Curtis M : enjoying extended lunch while market quiet
12:46 pm Curtis M : oil got 5 cent pop lol
12:47 pm Curtis M : seems folks don’t care about Libya oil
12:49 pm Dani M : Study for me till something happens
12:50 pm OILQ K : yupp
01:02 pm Curtis M : watching oil
01:04 pm Curtis M : 52.35 buy decision $USOIL
01:04 pm Curtis M : 52.59 now
01:06 pm Curtis M : stopped falling
01:09 pm Mathew Waterfall : I have to restart my charts here, super laggy
01:13 pm Mathew Waterfall : More coffee for me. Flow is super quiet, scans not giving me much. Guess it’s nap time
01:13 pm Darni T : ya
01:13 pm Drew M : zzz
01:14 pm Adam Gwyn : thoughts on CL?
01:14 pm Curtis M : extended lunch
01:15 pm Curtis M : yes buy trigger considered at 5235 usoil
01:19 pm Adam Gwyn : I have .42 as 618
01:39 pm Tyler H : everybody sleepinng
01:42 pm Curtis M : odd action
01:50 pm Mathew Waterfall : VXX next week 23 puts. Play into the end of the week this week
01:51 pm Mathew Waterfall : $HIIQ HOD and steam behind it. Nice breakout
01:52 pm Mathew Waterfall : $IPCI always moving along well
01:57 pm Curtis M : can’t take trade there without volume last round it failed and we hit it at that point
02:04 pm Curtis M : Not a bad scalp but not my type of set up with out vol
02:06 pm Tyler H : Not the normal momo
02:06 pm Cara R : dead
02:07 pm Mathew Waterfall : Not a whole lot really. All of the exciting moves have come off here in the last hour or two
02:07 pm Darni T : Still like $TSLA
02:07 pm Mathew Waterfall : $TSLA and $NFLX came off
02:07 pm Mathew Waterfall : $TSLA now seeing large put buying
02:07 pm Mathew Waterfall : $SHAK died if anyone was in that trade and hung on longer than I did
02:08 pm Mathew Waterfall : I’m thinking we pause today, continue higher into the end of the week
02:08 pm Ma Ka : Grreetings Mathew
02:08 pm Ma Ka : Do we have a trade on NFLX ? is it going down ?
02:08 pm Mathew Waterfall : /ES could see north of 2300 according to a friend who is right much more often than wrong but take that with a grain of salt
02:09 pm Curtis M : If you see any setups go ahead and steel screen Mat I’m gonna just stalk oil for machine buying – oil a good trade just not great
02:09 pm Mathew Waterfall : I hit $NFLX calls this morning. Weekly 129’s but that move fizzled. I got out and left a small trailer
02:10 pm Mathew Waterfall : I wouldn’t enter now
02:10 pm Ma Ka : thanks
02:10 pm Mathew Waterfall : Will do Curt, nothing is jumping out at me but if I see anything I will
02:16 pm Drew M : Pennies momo $RGSE $TNXP $HTBX $SSH $ONTX
02:18 pm OILK K : $INUV pop
02:21 pm John M : $NFLX and $TSLA are my calls for after Christmas – looking at them close.
02:25 pm Mathew Waterfall : $TWTR puts into next week. Will screen share after 2:30 NYMEX close
02:25 pm Curtis M : k
02:26 pm Mathew Waterfall : $TWTR Dec30 16.5 puts @.17
02:30 pm Mathew Waterfall : No hurry, nothing else is moving anyway
02:36 pm Curtis M : no trade go nut mat
02:37 pm Curtis M : sorry internet crapped lol wow best commercial pkg too fark
02:38 pm Curtis M : crank your mic 4 me pls
02:39 pm Curtis M : Perfect
02:40 pm Tyler H : Learning a lot from you guys. Just wanted to say.
02:41 pm Dani M : Mathew your mic cuts out sometimes – it might just be my internet though
02:43 pm John M : u thinking market up tomorrow?
02:45 pm John M : thanks
02:46 pm Curtis M : Great I need a big hit day b4 Xmas ha
02:53 pm Mathew Waterfall : $TWLO going big here
02:53 pm Mathew Waterfall : Have a couple lotto’s from a while back. Doubt they hit but it looks interesting into EOY
02:58 pm Curtis M : $RGSE 25%
02:58 pm Curtis M : 35%
02:58 pm Curtis M : Not playing it but morning momo candidate
02:59 pm Mathew Waterfall : $SGY headed for the 5 zone IMO
02:59 pm Adam Gwyn : I had some obligations this morning, but did you guys capter any of the retrace in CL this morning?
03:00 pm Tyler H : No I don’t thnk anyone played it Adam. Not Sure tho.
03:00 pm Mathew Waterfall : I don’t think so either. I haven’t been watching OIL too close.
03:00 pm Tyler H : We’ve been hitting the long side all rhe way up the channel almost every turn tho.
03:01 pm Tyler H : I’ve hit harder than Curt but I’m half his age lololol
03:02 pm Cara R : We should compare Tyler ha holday bet for a bottle of jack
03:02 pm Cara R : Curt! U there?
03:02 pm Curtis M : ya sorry looking at momos
03:03 pm Curtis M : EOD days for tomorrow runs look ok actually
03:04 pm Curtis M : Yaa Adam I think we all took longs on way up every turn – its been good – I know Gerry who isn’t here has hit them hard too and I got some other thanks – good Christmas timing
03:04 pm Curtis M : All meaning all that did play it
03:05 pm Curtis M : It would be nice to see oil back down at bottom of channel for one big hit
03:06 pm Curtis M : $TWLO vertical – who called that earlier?
03:06 pm Mathew Waterfall : I had the lotto’s but didn’t call it here until it was already into the 32’s
03:06 pm Mathew Waterfall : This will be over the 50 day tomorrow IMO
03:07 pm Curtis M : nice
03:10 pm Curtis M : $S Bulls sweeping
03:10 pm Mathew Waterfall : $SPY 226 pin for wednesday OPEX befoe higher tomorrow
03:12 pm Mathew Waterfall : $IPCI nHOD at 2.94. Decent squeeze candidate into tomorrow
03:14 pm Curtis M : $RGSE, $IPCI, $DUST, $DGAZ looking interesting for tomorrow
03:15 pm Curtis M : Oil we’ll see what pyjama crew does
03:15 pm Jack D : $TWLO $CC Nice
03:16 pm Mathew Waterfall : Natty gas has been a monster lately. $DGAZ/$UGAZ should see plenty of action
03:16 pm Mathew Waterfall : $TWLO 46% short lolol
03:16 pm Jack D : $DGAZ got wacked haha likely bounce
03:16 pm Mathew Waterfall : 21 million share float
03:16 pm Mathew Waterfall : 40’s EOY
03:17 pm MarketMaven M : Ya $TWLO I like too – we have some good set-ups for tomorrow I agree
03:17 pm Mathew Waterfall : I took a few next week 37’s in TWLO for a 35-36 test this week
03:21 pm OILQ K : Anyone like $HTBX?
03:22 pm OILQ K : I’m going to ht oil hard on turn but looking at $HTBX for morning – likely wait and see maybe
03:23 pm Curtis M : I would just looking at $HTBX in morning too –
03:23 pm Curtis M : $HTBX DD not best
03:23 pm Mathew Waterfall : Not the prettiest chart but it’s got a gap to fill and should get some bullish crossovers shortly with any upward momo
03:24 pm Curtis M : yep
03:24 pm Curtis M : Insider buying last 6 mos
03:25 pm Mathew Waterfall : Decent earnings as well
03:27 pm Curtis M : $DUST coming back to life FYI
03:28 pm Tyler H : I’m swinging it – hopefully full gold algo report out tonight
03:28 pm Mathew Waterfall : 3 screens of death for Gold right there lol
03:28 pm Curtis M : Might be ready tonight Ty
03:28 pm Curtis M : Within next few days anyway
03:29 pm Curtis M : A lot of data sorry almost there
03:30 pm Curtis M : It will be nice when whole team full time on 1st lololol
03:31 pm Mathew Waterfall : You mean it will be nice to get some sleep for once?
03:31 pm Curtis M : OMG yes
03:32 pm Mathew Waterfall : Sell off into the close here
03:32 pm Curtis M : Sartaj back to full time in lab today, Tyler in a week, Shawn Jan sometime – getting readu for EOY algo reports and media things starting 30th almost killing us hahahaha but… done soon 28th at latest everything
03:33 pm Curtis M : ya noticed
03:33 pm Curtis M : I think next week will be fire power – thur and fri I’m unclear
03:35 pm Mathew Waterfall : I think now until next Thursday it’s game on. Next Thursday/Friday a bit more unclear IMO
03:35 pm Mathew Waterfall : This is going off of last years pattern a bit and momentum
03:35 pm Curtis M : ya
03:36 pm Darnel T : have a good night guys and girlz
03:37 pm Mathew Waterfall : See ya in the AM
03:37 pm Cara R : peace
03:38 pm Mathew Waterfall : $SPY 226 pin in progress
03:40 pm Mathew Waterfall : $BBBY and $MU seeing earnings calls. I hate playing earnings and it’s so hard to win with options. I don’t know how people consistantly make money doing that
03:41 pm Jack D : $BBBY dud IMO
03:41 pm Jack D : nite all!!!
03:45 pm John M : Checking out everyone – thanks Curt and Mathew once again! Later.
03:46 pm OILK K : Ya John been awesome guys – I’m finally being disciplined!!! Making it back now.
03:47 pm Mathew Waterfall : Have a good night all. I’m just over here doing some random charting. Done trading for the day
03:47 pm OILK K : Quiet day but did lots of study ready for tomorrow. GN
03:49 pm OILQ K : I concure!!! If you guys need a recomend for the media programs you are doing let me know. I look good on TV too:):)
03:54 pm Mathew Waterfall : May cut some $TWLO calls here for a quick gain. The juice in this one coule get nasty. 44 isn’t out of the question before the year is out when shorts get scared
03:59 pm Curtis M : Thanks all have a good night! $DUST jiggy:)
03:59 pm OILK K : good one cheers!

 

Article Topics: $DUST, $MRUS, $ESEA, $CALA, $INVN, $OPGN, Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $CBMX, $JUNO, $UWT, $GLD, $GDX, $USOIL, $WTIC, $SPY, $DXY, $VIX, $NUGT, $DUST, $JNUG, $JDST, $GC_F, $USO, $UCO, $SCO, $CL_F, $DWT, S&P 500

 

 


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 19 –  $XGTI, $SGY, $GSAT, $JUNO, $CBMX, $UWT, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $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.

EVERY CALL WE MAKE, PUBLIC INTERACTION, REPRESENTATION AND TRADE (ON EVERY VENUE) IS EITHER RECORDED OR TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY.

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, Algo Calls, Trades and Alerts:

Mellow day – market calm – nailed a runner in morning $XGTI and still holding deep dive crude related $UWT from last week. $SGY is rocking from my Trading Room Newsletter alerts and Swing Trading set-up newsletters.

My Personal Trades:

Monday for me was mostly $STUDY and watching my Oil related $UWT trade – I am 10,000 shares deep from earlier in the week (1000, 3000, 6000 entries) – so that is setting up to be a great win. I see oil is up big overnight – would have never known:) Other traders in the room have been on winning side and have been regularly so that is great. Still hold $CBMX and $JUNO.

Primary Lessons That May Help You With Your Trades:

The $UWT (crude oil trade) I am in is completely about trusting the proven algorithm @EPICtheAlgo (which took me about 6 months to fully trust). I would be a lot further ahead has I just trusted the math process earlier. But I did this time – and I WENT BIG – REAL BIG FOR ME.

Buy alert, trading room, crude oi

Buy alert to our members last week (green arrow). Crude algo intra work sheet 429 AM Dec 20 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo

Looking Forward:

The market has a tonne of inflection points now so things should get interesting soon with our algos (Oil, Gold, Silver, US Dollar, VIX, SPY).

Announcements in Trading Room:

08:42 am Curtis M : Momo $TNXP, $GSAT, $XGTI, $ELGT, $APTO.

08:54 am Curtis M : Good Morning! Momo $TNXP, $GSAT, $XGTI, $ELGT, $APTO. At the bell I will focus on momentum stocks and then move over to Oil, Gold, Silver etc…

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:05 am Curtis M : $JUNO Defeats Kite Pharma’s Challenge to CAR T-Cell Patent. $KITE https://finance.yahoo.com/news/juno-therapeutics-defeats-kite-pharma-140000298.html
09:20 am Curtis M : Pre-Market Gainers Watch-List: $TNXP $GSAT $XGTI $CUR $APHB $BCLI $AWH $RGSE $PLX $PSTI $NVCN $GGB $JNUG $CBIO $OCLR $DRYS
09:31 am Curtis M : Long $XGTI small
09:32 am Curtis M : 3.51 1000 shares
09:33 am Curtis M : Out 3.60
09:41 am Curtis M : In Play: $XGTI, $BCLI, $EVOK, $LOXO, $DRYS, $GOGO, $JNUG, $WR
09:42 am Curtis M : 52wk Highs: $GTT $INN $MASI $ORA $RICK $UVE
09:44 am OILK K : $ACTS Halt – Additional Information Requested by NASDAQ. Halt time: 09:40:22.
09:46 am Mathew Waterfall : Quiet morning for me so far. Letting my positions work. Stalking the weak FANG names but no trigger pull so far
09:47 am MarketMaven M : $SPX spike
09:48 am Dani M : $HMNY vol halt
09:49 am Carol B : Copper serously off
09:51 am Curtis M : HMNY Google Play Shows Availability of Zone Technologies’ RedZone Map[+]
09:53 am Curtis M : 52wk Highs: $NVLN $UMH
10:02 am Curtis M : Looks like morning momos are done for me – gong to run scans and come back and review oil, gold, etc
10:02 am Curtis M : 10 mins
10:17 am Curtis M : Very quiet out there
10:19 am Mathew Waterfall : Yepp. $VIX getting smoked but not much movement to the upside which is kind of odd. Likely we just drift/chop around next 2 weeks
10:50 am Curtis M : Not much to review at all – market just flatenned – oil may move a bit and of course some select stocks – but currency and commodities and indices blah
10:52 am Mathew Waterfall : Sounds like we are both in the same camp. I’m gonna do some scans and grab some coffee. Back in a bit
11:11 am Curtis M : $AKAO pop
11:11 am Curtis M : $CLVS pop
11:12 am Curtis M : $CLVS Halt
11:14 am Curtis M : CLVSClovis Shares to Resume Trade at 11:15:59 a.m. EST
11:24 am Curtis M : Experiencing internet spikes expect service to resume shortly
11:31 am Darnel T : $NKE wth jeez
11:38 am Mathew Waterfall : $NKE seeing some decent call buying here as well
11:48 am OILK K : Curl on $HMY tempting but soft day
11:50 am Mathew Waterfall : Not much doing today. Might be my only open all day: $WYNN Jan20 95/97 call spread at .57. Out if it slips past 90
11:54 am Curtis M : $CLVS 4 mins
12:19 pm Dani M : $OCLR vol
12:35 pm Mathew Waterfall : Any knife catchers out there? Dust looks about ready. High risk options play with some rewards if you get a bounce
12:35 pm Sammy T : Market stall Mat
12:36 pm Sammy T : Pause time or something
12:36 pm Curtis M : $DUST likely gonna pop
12:51 pm Carol B : Man $CLVS when?
12:55 pm Mathew Waterfall : $XOM looking sickly here. Still in the channel I have drawn in, would touch bottom of said cahnnel at 89.8
12:56 pm Mathew Waterfall : And now making lows lol. This should be rallying with oil and the overall market, I guess people are spooked by recent tillerson news or something
12:57 pm Curtis M : I think the market is off in a number of ways – just my opinion thos
12:57 pm Mathew Waterfall : Some weird divergences that don’t make sense to me here. Another reason I’m not in a rush to trade today
01:00 pm Mathew Waterfall : $MNKD gettin frisky
01:00 pm Mathew Waterfall : Trimming some of my position
01:10 pm Curtis M : $CLVS PT Stifel raise to 52
01:14 pm Curtis M : $CLVS 1:20 EST estimate for open
01:23 pm Dani M : $TAC halted news
01:32 pm Mathew Waterfall : $IWM trying. Higher high would confirm. Failure of that not pretty IMO
01:37 pm Carol B : Looking at $CLVS here
01:43 pm Mathew Waterfall : $IWM loses 136.81 and I’m out small call position. It will be for a small loss but price action isn’t great. Will come back to it later
01:48 pm Carol B : Long $DUST for a start
01:51 pm Slav O : $MNKD HOD
01:52 pm Mathew Waterfall : $CLF eyes on long term fib at 8.61. Liking jan calls there if it gets there. Currently showing some small signs of life
01:55 pm Mathew Waterfall : Legging in. First rounf $CLF jan13 10c’s @.24. These are buy and forget just like 11’s I am already holding
02:00 pm Curtis M : Grabbing coffee back in 10
02:18 pm John M : I think i fell asleep
02:18 pm Curtis M : $STUDY
02:21 pm Curtis M : Buy Christmas presents 🙂
02:28 pm Mathew Waterfall : Thanks for reminding me. I’m now scanning amazon for something last minute for the lady lol
02:29 pm Curtis M : ha
02:29 pm Drew M : Terrorist attacks seem to be up.
02:30 pm Curtis M : oh my ya true
02:44 pm Mathew Waterfall : Only thing I’m really watching now is $CLF for another possible add at 8.65-8.61. Would like to see how it handles the close so not in a big hurry.
02:45 pm Dani M : $ENPH alive
02:58 pm Darnel T : $MNKD strong afternoon
03:02 pm Drew M : Done for day!
03:13 pm Mathew Waterfall : Quiet day for me as well. Don’t expect any more trades into the close, and realy don’t feel rushed to put many trades on before the end of the year. Hoping to keep melting up a bit here but I’m pretty small overall
03:13 pm Mathew Waterfall : It’s easy to get chopped up in sideways markets especially trading options
03:14 pm Curtis M : Yep I’m just doing paperwork
03:14 pm Michael P : Cya guys!
03:24 pm Mathew Waterfall : $SPY bounce into the close? Any guesses?
03:25 pm Mathew Waterfall : 225.45 is my no position guess
03:39 pm Mathew Waterfall : Damn $SGY! Didn’t they go BK a while back? Just noticed that one on the watch list
03:39 pm Curtis M : lol i think so
03:49 pm MarketMaven M : See ya all tomorrow!!!
03:49 pm Jack D : catcha
04:00 pm Curtis M : Well have a great night folks I’m gonna shut er down and go decorate a tree lol – best!

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: $TNXP, $XGTI, $SGY, $GSAT, Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $CBMX, $JUNO, $UWT,  $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500

 

 


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Friday Dec 16 – $EVOK, $CBMX, $JUNO, $UWT, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $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, Algo Calls, Trades and Alerts:

NA

My Personal Trades:

Friday for me was $STUDY and watching my Oil related $UWT trade – I am 10,000 shares deep from earlier in the week (1000, 3000, 6000 entries) – so that is setting up to be a great win. I didn’t take any morning momentum trades. Other traders in the room were on winning side and have been regularly so that was good. Still hold $CBMX and $JUNO. $EVOK was the big runner but  didn’t trade it.

Primary Lessons That May Help You With Your Trades:

The $UWT (crude oil trade) I am in is completely about trusting the proven algorithm @EPICtheAlgo (which took me about 6 months to fully trust). I would be a lot further ahead has I just trusted the math process earlier. The chart below shows our buy alert.

$USOIL, Oil, Buy Alert, Chart

Buy trigger alerted to members last week (green arrow) Crude algo intra work sheet 935PM Dec 18 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo

 

Looking Forward:

The market has a tonne of inflection points now so things should get interesting soon with our algos (Oil, Gold, Silver, US Dollar, VIX, SPY).

Announcements in Trading Room:

09:03 am Curtis M : Good Morning! $DRYS $EVOK $ESEA $DCIX $TIG $CANF $TOPS $EGLE $SINO $JBL $HZNP $RGLS $TXMD $OCLR $ITCI $GOGL $MU $PACB

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:24 am Curtis M : $TOPS $ESEA $SHIP $GLBS $EGLE $DRYS
09:26 am Curtis M : At the bell i will look at the momos for a trade and then move to our standard plays.
09:28 am Mathew Waterfall : Will likely be doing some selling here in the AM expecting chop/slide after lunch
09:29 am Cal O : $EVOK looks good for oprn
09:32 am Curtis M : OPEX day
09:34 am Mathew Waterfall : Out half $XOM next week 92.5c’s @.5 from yesterdays .28
09:34 am Mathew Waterfall : Keep other half into next week for almost free ride here
09:34 am Tyler H : $MTL short
09:36 am Jack D : Long $EVOK
09:37 am Curtis M : New 52wk Highs: $ADP $ALGN $AQXP $BRO $CDEV $FUN $ON $TRMB
09:39 am Jack D : Sold $EVOK win
09:43 am Curtis M : $USEG OFFERING
09:44 am Michael P : uck
09:44 am OILQ K : evok gonna go again HOD
09:47 am Curtis M : New 52wk Highs: $REN $SWM
09:48 am Mathew Waterfall : Watching $AKS. Will likely roll out on a bounce or sell what I have left of next weeks 11s
09:52 am Sammy T : $DVAX bull
09:54 am Curtis M : 52wk Highs: $NDSN
09:57 am gary y : $UWT hod
10:02 am Mathew Waterfall : Out other half on my $ON Jan 13 at .85 from .51. Still holding the rolled 14s. This was a larger position and wanted to pair some risk on this pop. Still believe it goes higher hense holding the 14
10:04 am Curtis M : I would look at $APVO over 3 for a scalp our a snap back
10:04 am Mathew Waterfall : $NUGT trying. Yesterday had big block at 6, if it can get over it may see some buying
10:06 am Ronny D : $DCIX!
10:11 am darni t : I took some $REN on ur alert curt
10:11 am Curtis M : nice
10:11 am Jack D : Like exxon play
10:13 am Mathew Waterfall : Me to! Easy to say after some quick profits but $XOM has been great around its supports. I think we see quick 92 shot today which will likely be my exit for the other half of my position
10:16 am Sammy T : OPEX boredom haha
10:16 am Sammy T : study time
10:16 am Curtis M : yes!
10:17 am Curtis M : Im watching important resistance on oil coming
10:19 am Curtis M : After oil I will go on to gold etc – but have to watch close here oil
10:35 am Mathew Waterfall : $AST HOD low vol but acting right
10:55 am Ronny D : I feel like were stalking lol
11:03 am Sandy S : $EOK going to run again
11:04 am Sandy S : $EVOK
11:04 am Sandy S : $XGTI news halt
11:05 am Curtis M : I think $XGTI is a TSLA contract
11:09 am Mathew Waterfall : Gonna take an early lunch aka breakfast on the west coast. Thought the quad witch would bring some more action this AM so looking for some in to the close
11:29 am OILQ K : another school session incredible lol
11:30 am phil d : what i cant figure out is how you learned all this
11:41 am OILK. K : stupd cool learning in here lately apprecate it
11:44 am Mathew Waterfall : Legging into $IWM next week 139c’s on this weakness. Small starter at .28. Will add if it can hold the 10 day on the daily
11:44 am Mathew Waterfall : Don’t want to see this under 134.92
11:57 am Rob D : Curt, is the NUGT (gold) trade gone?
11:57 am Mathew Waterfall : $XOM Dec23 93c’s at .15. Looking for a bounce here, concerning weakness on oil strength
12:10 pm Curtis M : Mat your mike vol may be low – it could just be me
12:11 pm Cal O : better
12:14 pm Mathew Waterfall : Sorry about that guys. Had to crank the mic level for some reason
12:22 pm Sandy S : was looking at miners too and didnt gp long
12:23 pm Mathew Waterfall : Second add on $XOM next week 93’s. Still a small position and will sit on these over the weekend. Lotto type place that will boom or bust but should get moving with oil here shortly. Might be held by by quad witch effect on overall market
12:25 pm OILK. K : just crank the volume Mat next time we can always turn down 🙂
12:28 pm Tyler H : Anybody looking at $XGTI?
12:30 pm Mathew Waterfall : Tried to buy puts on it earlier Tyler and it doesn’t have any options. That gap to the downside would have me nervous if going long
12:36 pm phil d : me too
12:41 pm Mathew Waterfall : $JWN post earnings dump. Looking at longer term calls. Have done well on this play in the past, plus just donated a chunk of money to them buying a suit so there’s got to be at least a few other suckers out there buying from them
12:44 pm Mathew Waterfall : Support around $50. Will add APR calls then if I take any
12:46 pm OILQ K : Love oleary call on DIS
12:46 pm Curtis M : oleary nut hahaha
12:55 pm Mathew Waterfall : Lots of action in $WFM here. Calls into Jan. I picked up a few Jan13 34’s to see what this is all about. In at .33. Playing for a take over rumor so small size
12:55 pm Curtis M : back for rig count oil looks weak intra strong mid range tho
12:56 pm Mathew Waterfall : Dollar coming off should help here as well
01:08 pm Mathew Waterfall : Feel like the market just wants to melt away premium today so I’m unlikely to barge into any more trades. Have my eye on a few if they set up right, but doubtful as of now
01:08 pm Curtis M : A lot of $JWN bears out there
01:08 pm Curtis M : y a mellow day
01:09 pm Mathew Waterfall : Easy to hate that stock and sector. Showing some bottoming interday but I still wouldn’t hit long quite yet
01:11 pm Curtis M : Im going to do some $STUDY but I’ll be here
01:12 pm Curtis M : Note to self: video on intra algo crossing lines day average
01:13 pm Tyler H : $DIS I agree with O leary
01:13 pm Sammy T : I watched that too – he had some good points actually.
01:17 pm Mathew Waterfall : /ES and $SPY LOD here. $IWM holding up but coming off as well. Not a good sign
01:24 pm Mathew Waterfall : I am opperating under the premise that pullbacks are too be bought, and the trend is our friend until in proves otherwise. It’s hard to get bearish quite yet though some consolidation between now and the new year is certainly a possibility
01:24 pm Mathew Waterfall : Trades do what works until it doesn’t and that set up has been working very well for me in the last couple of weeks sense the election
01:26 pm Curtis M : Ya the train isn’t off the tracks yet technically speaking
01:29 pm OILQ K : $EVOK n trouble
01:30 pm OILK. K : $EVOK wll getting shredded OILQ
01:31 pm Curtis M : U guys are awesome pair
01:32 pm darni t : $BREW looks god on the board and n about an hour
01:32 pm Sandy S : $EVOK dying
01:32 pm Jack D : $GNBC strong like bull and 52 wk high
01:35 pm Mathew Waterfall : Like that look in $BREW darni
01:36 pm Curtis M : I was looking at it to $BREW nice
01:36 pm Mathew Waterfall : $GNBC has been seeing a ton of chatter as well. Haven’t looked too closely but ibviously it has a lot of steam
01:40 pm Mathew Waterfall : $BREW NHOD. And I want a Kona brew. Thanks darni lol
01:41 pm Curtis M : Lol
01:42 pm Mathew Waterfall : $IWM nice wedge on the 10′ chart. A break to the upside would be lovely
01:42 pm Mathew Waterfall : MACD says we can do it
01:42 pm Curtis M : Oil getting there again
01:42 pm Curtis M : Back at critical resistance
01:48 pm Curtis M : Man would it just blow thru please lol
01:58 pm Curtis M : ok now please
01:58 pm OILQ K : lolz
01:58 pm Mathew Waterfall : Like this for confirmation $XOM 90 Calls BUYING Activity expiring on 20th Jan, Vol 11000
01:58 pm Curtis M : interesting
01:58 pm Mathew Waterfall : Might be a stock replacement purchase into end of year to hedge risk or something
01:59 pm Mathew Waterfall : That would replace 1,100,000 shares basically
02:00 pm Curtis M : Talking to a algo type guy respected that has a crazy bullish call on $FNMA fyi
02:01 pm Curtis M : My gut says oil goes very soon if not today soon
02:02 pm Tyler H : Maybe were just hungry:) $DIS is my focus right right now but oil looks good IMO
02:03 pm Mathew Waterfall : $DIS puts into next week IMO are the play here. I didn’t hear what Oleary said but that’s my read which I assume is basically what others are also thinking
02:04 pm Curtis M : Oleary was large on their content machine
02:06 pm Mathew Waterfall : O funny. Well the chart says double tops and over bought on the daily to me
02:07 pm Curtis M : ya that and other things are my challenge with it
02:08 pm Mathew Waterfall : They’ve also been getting slammed with the loss of ESPN subscribers. I’m not diving in to this much but the upside seems not so great here
02:10 pm Curtis M : Oil is coiling – technically bullish action
02:19 pm Mathew Waterfall : Selling $WFM Jan 34.5’s against my 34’s for .29. Original purchase of 34’s was 33 so I now have a .50 spread for .4 per contract. Will buy back the 34.5’s if appropriate. I do this on trades like this that I’m not super confident in
02:19 pm Mathew Waterfall : Max gain here is now .46 per contract with max loss then being .04 not .4. Sorry typo on that above
02:21 pm Mathew Waterfall : So that spread costs .04 and has.46 upside. Great r/r if $WFM can get going
02:25 pm Tyler H : eyes on crude 4 mins
02:26 pm Curtis M : coiling could be over soon lol
02:28 pm Mathew Waterfall : Now just give some mojo to my $XOM calls please. That would be great
02:28 pm Curtis M : 🙂
02:31 pm phil d : gotta ditch early GL! and thanks guys awesome!
02:31 pm Curtis M : thx phil
02:31 pm Mathew Waterfall : $SPY 60′ bombed out. Let’s see some rally here
02:31 pm Mathew Waterfall : Have a good weekend Phil
02:32 pm Tyler H : b nice to see crude hold this
02:35 pm Mathew Waterfall : Anyone play $QHC? NHOD thing looks like it wants to drift into the sky
02:36 pm OILK. K : Watching it thats all
02:36 pm Curtis M : I looked at it a couple days ago with hmm
02:36 pm Curtis M : Lots of bullish chatter
02:37 pm Curtis M : We’re letting 20 – 30 more n to this room Monday FYI and likely same week after – just wanted to get my groove
02:37 pm Mathew Waterfall : Working on it’s 8th green day in a row. Not too shabby
02:37 pm Tyler H : I kinda liked it cozy 🙂
02:38 pm Curtis M : Thats what your woman is for
02:38 pm Mathew Waterfall : lol
02:38 pm Curtis M : We’re here to kill and hunt and pound the table lol
02:40 pm gary y : curtis are you still in $JUNO, $CBMX?
02:41 pm Curtis M : hey gary yes
02:41 pm Curtis M : sorry i was daydreaming about the beach
02:42 pm Curtis M : I like $CBMX a lot mid term and $JUNO long term
02:42 pm Curtis M : My swing account has a lot of tolerence FYI – so careful with my swing plays
02:42 pm Curtis M : u in?
02:43 pm gary y : yeah but small
02:43 pm Curtis M : $CBMX is impresive
02:43 pm Curtis M : $JUNO is a big money magnet
02:44 pm Curtis M : but caution on both
02:44 pm Curtis M : I have an extremely aggressive trader bias to bullish side of market 2nd quarter next year and fwd
02:44 pm Curtis M : Q1 could be rocky
02:44 pm Mathew Waterfall : $JUNO’s daily today looks nice
02:45 pm gary y : nice yesterday too
02:45 pm Mathew Waterfall : I think we see all of the pent up selling released in Jan after people wait until we are into 17 and trumps new taxes
02:45 pm Mathew Waterfall : Jan 2016 round 2 is my thesis
02:45 pm Mathew Waterfall : Another reason I am keeping things smaller and tighter
02:46 pm Curtis M : TRUMP is going to change reality – we called every single step right from July dead on – I hate to nbe the bragger but people on average didn’t see what was coming and there is going to be a huge boom in economy by mid next year globally IMO
02:47 pm Curtis M : Trump and Putin and I believe YES China are going to get together and clean house – do some global sweeping
02:48 pm Curtis M : lol yes China
02:48 pm Curtis M : With Trump its all business – the deal
02:48 pm Curtis M : Ok I’ll stop but watch its coming
02:49 pm Curtis M : OIL!!!
02:49 pm Curtis M : Looking jiggy
02:49 pm Mathew Waterfall : I like your version of reality. I also like that the use of jiggy is catching on. We’re bringing it back!
02:49 pm Curtis M : lol
02:50 pm Curtis M : Ok last comment – Trump will run the world like a business – like a public company. That’s his plan. Ok done.
02:50 pm Mathew Waterfall : What I’m watching in $IWM http://tos.mx/ZiNawW
02:51 pm Mathew Waterfall : Looking for MACD cross over and 10/20 cross.
02:51 pm Curtis M : Nice – did Sartaj set you up to be able to screen share in here too? Or no?
02:51 pm Curtis M : That would be cool if not
02:51 pm Mathew Waterfall : Yea I can, didn’t want to take over the screen with the oil watch going on
02:52 pm Curtis M : Take it over any time – we’ll let you know
02:52 pm Mathew Waterfall : OK cool
02:52 pm Mathew Waterfall : If I have anything exciting I will lol
02:53 pm Sandy S : ya mat take over! i think curt wants to go to the beach – i read his biography on website today haha
02:53 pm Curtis M : 🙂
02:53 pm Curtis M : awesome action in oil
02:54 pm Curtis M : that intra day algo line I set up has been support and resistance all day
02:54 pm Curtis M : Thats a machine line not a traditional charting line
02:55 pm Curtis M : I set that up before the day got there – traditional charting cant do that
02:55 pm Curtis M : just though Id claridy
02:55 pm Curtis M : clarify
02:56 pm Curtis M : in fact I think I’ll take a quick screen shot
02:56 pm Curtis M : Ill do it on other monitor
02:57 pm OILK. K : Very excited to learn your toolkit Curt and Mats
02:57 pm OILK. K : Good combo
02:58 pm Curtis M : Algorithmic modeling is just using traditional charting in a different way – wth pure math
03:01 pm Curtis M : oh my USDJPY they’re back
03:01 pm Curtis M : USD/JPY that my friends is the Trump effect pure Trump they’re panicked
03:02 pm Curtis M : If USD/JPY gets gong agan and Gold loses its recent lows the basement it will fall in to is so extreme from a math perspective wow
03:02 pm Mathew Waterfall : Relentless with that thing. I have an interesting thesis on that and why we are leting it happen with regards to them being our largest dedt holder
03:03 pm Curtis M : for sure i already get it
03:03 pm Ronny D : You Guys are right
03:03 pm Ronny D : Its obvious
03:04 pm Ronny D : Media just doesn’t want to admit how wrong they were and this is an example
03:04 pm Ronny D : I’m long UWT too btw thanks Curtis for that!
03:06 pm Sandy S : I read through every call you guys have made just to be sure and every one has completed positive . Thought you guys might want to know that because I see the social things. They were not popular calls :):):)
03:06 pm Curtis M : Wow good group in here… hope we all bank hard next week.
03:07 pm Curtis M : Thats the market different views keeps it fun
03:09 pm phil d : $VALE has big blocks at play
03:09 pm phil d : I stayed
03:09 pm Mathew Waterfall : Next week should be fun
03:09 pm Curtis M : agree
03:14 pm Curtis M : $TXMD blocks too
03:22 pm Curtis M : well thats it for mee guys and gals! room open until 4:( have a great weekend and thanks for the kind words! best
03:23 pm Paul M : 🙂 cya
03:23 pm gary y : thanks curtis and mathew
03:23 pm Mathew Waterfall : Have a good weekend Curt.I’m also done trading for the day but will still be hanging out until 4 or so
03:23 pm Sammy T : Great week Curt thanks
03:24 pm Curtis M : u bet guys bye bye – bank hard next week
03:39 pm Mathew Waterfall : Alright shutting it down for the week. Sitting on the $XOM and the small position in $IWM through the weekend. Looking for a bounce early in the week next week as the market is now working off some of the overbought signals and consolidating a bit. Everyone loves a Christmas rally
03:39 pm phil d : bye mat!
03:39 pm Tyler H : later
03:40 pm darni t : Thanks Mathew

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, $EVOK, $CBMX, $JUNO, $UWT,  $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500


 

So you want to trade options? You want to get rich quick? You want to be like that guy from Wolf of Wall Street(not Leo, every man wants to be Leo already). If you’ve answered yes to all three of these questions you’ve undoubtedly dabbled (or at least wanted to dabble) in cheap weekly options. There is no quicker way to make or lose a fortune than in high risk/high reward option plays. Below we are going to breakdown when these might be the right choice, and how to play them without blowing up your account.

Here are 4 “lotto options truths” to keep in mind before we dive in:

  • First off, I don’t recommend playing these on every position, and if you do I would suggest not building yourself a portfolio full of them. While it is fun logging in to your account and seeing a 50% increase, I can assure you the opposite is not quite so fun.
  • Secondly, these are typically always going to be front week plays or at most following week. What does this mean? This means that you need your move and you need it now. If there is a delay, the theta burn with eat your position alive.
  • Thirdly, only risk what you are willing to lose. With the high theta burn and large gamma risk, if you get choppy price action or price action moving against your position, they will become doughnuts in the blink of an eye.
  • Lastly, if the terms “Delta”, “Gamma”, “Theta”, or “Vega” are literally Greek to you, I would suggest doing a bit of studying on the mechanics of options before diving in head first. These are important terms when understanding how an option is prices, and how it will act in comparison to the underlying asset. I can do a basic review in the future, so shoot me a note if that would be worthwhile.

So if I am looking to play a high risk option, how do I go about it?  These are going to be quick plays, so MOMO, snap backs, or playing stocks for a bounce all would be decent set ups. I typically don’t play  lotto’s for earnings as they don’t offer great risk/reward in my opinion. These setups are the same whether option or common stock, but with lotto type options you can’t afford to be wrong or late. The above mentioned theta risk is inflated in lotto type plays, and this is only exacerbated by the fact that these will always start OTM or out of the money. You don’t necessarily need to get ITM or in the money to profit, but if you go the wrong way you have no safety net of any real intrinsic value attached.

After I’ve identified a stock and an expected move, you then have to take a look at the options grid and see how the different options are being priced, and what might make sense. Typically, I am looking for something with a high delta, at a realistic strike. The higher delta means that for movement in your predicted direction, you will get paid more. For example: if a call option has a delta of 1.00(sometimes noted as 100), for every $1 increase in the underlying stock, the call option will increase by $1.00 all else being equal. The other Greeks also come in to play here like gamma which will affect the rate of change in the delta, but you get the idea. So when looking at a lotto call for example, I want a high delta. Why? Because I want to get paid. These are high risk high reward remember, so if I get my move I want to get the payoff. A large majority of these will expire worthless so the winners need to win big for you. This is also where I define my risk. When you’re buying lotto plays, the chances of salvaging much of your buy in can often be low, so I will only buy what I am willing to lose outright. This helps not only curb large losses, but it also helps me manage my positions without large emotional swings. Manage your risk up front the best you can and it will go a long way towards success.

Let’s use an example from the room this week. I wanted to play $CHK for a bounce, but wasn’t too confident that I would get my move with some pending market weakness and overall choppy markets. I knew if it did bounce, it should have some legs as it recently came down hard from a swing high(good), but it had yet to break out of the bull flag pattern that I had it in(not so good). I could have waited for it to break out to the upside, but positive price movement and strength in oil lead to jumping on it now instead of waiting. If I would have waited for it to break out to the upside, I would have also likely had to move up at least a strike to get a similar set up which meant going to 8’s, and that didn’t leave me with much upside against the prior swing high of $8.20.

lotto1

They don’t call them lotto’s for nothing after all! So with $CHK trading at 7.03 and 8 days to expiry or DTE, I picked up a handful of the Dec 23 7.5 calls for .11 each. You will note the large delta and gamma which means that these options will explode with positive price movement. Yes, they will also bleed out if I don’t get my move. You will also notice the small price tag attached to each contract. If these got to zero tomorrow I won’t be elated, but I won’t lose any sleep over the loss either.

lotto2

Here’s what I ended up with, and you can see what I mean by keeping size small on a play like this. This was as of close on 12/15.

lotto3

Here is the same position, only one day later. The interesting move, and why our position is now worth less lies in the Theta. Above we had a large theta of -16.11, and now the theta is -14.57. This is the time value, and what is working against you with short duration options. Remember my saying that you need your move and you need it now? We got a 2% move in the underlying asset, and lost money day over day because of the Theta decay. Let’s also look at the Delta which increased for two reasons. The main reason that Delta increased is that the underlying asset moved in our favor, but the Vega also moved slightly which will increase the Delta as well. This also brought the Gamma along with it and we saw a large increase there. If the underlying asset would have stayed flat day over day, we could have expected a lower Delta as the time decay would have brought it down as remember that as expiry all out of the money options have a Delta of zero.

lotto4

As of now we are about even on the position, and all of the same rules apply moving forward. My typical goal for these lotto’s is to sell half of my position for a double, and let the other half “ride free” so to speak. This not only covers your costs for the initial purchase, but it also takes the pressure off and lets you manage the position knowing that you have already made your money back. I will do another post next weekend detailing how this ended up, and if $CHK brought me a present or a lump of coal for Christmas.

I hope you have a great week of trading, and send me a note in the room if this was worthwhile or if you would like to see something else discussed.

Mathew Waterfall

Twitter: https://twitter.com/quadzilla_jr


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Thursday Dec 15 – $UWT, $CBIO, $PIR, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F, $UGAZ 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, Algo Calls, Trades and Alerts:

From my post market report Monday and follow-ups since,

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 at 227.80.

Price action on $SPY struggled with that area all day and remained a challenge overnight, Wed Fed day challenged price action and overnght it is still struggling BUT THE CHART IS NOT BROKE and until otherwise our algo predicts are in play (new reports processing and available within a day or three).

$SPY Struggling with resistance overnight our algo alerted as resistance prior to Fed meeting. $ES_F $SPXS $SPXL S&P 500

$SPY, Resistance, Chart

$SPY Struggling with resistance overnight our algo alerted as resistance prior to Fed meeting. $ES_F $SPXS $SPXL S&P 500

 

Target Hit! Gold collapse in to our 1133.00 price target to bottom of algo quadrant. $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Gold, Algo, Prediction, Target, Hit

Target Hit! Gold collapse in to our 1133.00 price target to bottom of algo quadrant. $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

So that again leaves our inaugural algo EPIC!

From yesterday:

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).

And what do you know! Wednesday EPIC the Oil Algo HIT THE PRICE PREDICT TARGET TO THE EXACT CENT AT THE EXACT SECOND OF THE PREDICTION NINE DAYS PRIOR!

So were weren’t sure which target was going to hit – funny thing is primary target hit right to the cent at the second of the call and the secondary target hit about 2 seconds later right to the exact cent also. What a day for EPIC. Below is a shot of when price was on its way to targets and above is price of crude hitting both called targets within seconds of each other.

Targets for next week Tuesday 4:30 PM, Wednesday 10:30 AM and Friday 1:00 PM will be calculated by EPIC the Oil Algo and sent to members this weekend!

Friday 1:00 target for this week on deck!

My Personal Trades:

I only added to my long position in my swing account on $UWT and held overnight. There was an awesome set up (our code word for it in the lab is “right ear sidewinder” AND WOW DID IT PLAY OUT EXACTLY AS WE SAID IT WOULD to the second all the way through the trade. I will try and find time to a do a detailed video in this set-up this weekend – we hit that trade set-up at least 95% of the time and the price spike is violent so it is an awesome crude oil instrument related trade. Normally I would have sold right at the top of the spike (because of course knowing where that is in advance is key). But I am loading crude oil related plays in my swing account right now. Mid term play. Anyway, it was recorded live in detail in the trading room so I hope to get a video done on it.

Here’s generally what the oil related trade looked like on a chart along with some tweets and you will see in the log below of me alerting of the set-up and when it was complete (the details are more important and that is why I need to do the video, that set-up can be used over and over with oil related trade on intra-day trading with near 100% accuracy).

Right ear sidewinder oil play called right to the second in trading room. Entry – exit Crude algo intra work sheet 418 AM Dec 16 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DET #OOTT #algo – Green arrow entry alert, Red arrow exit alert – very detailed advance trade set-up explanation in the trading room and walked the traders through the whole process live second by second. The white line is the bottom of a time / price triangle trading quadrant the members were alerted to days ago that played out also – no traditional charting on earth provides that charting.

Crude oil, trade, trading room

Right ear sidewinder oil play called right to the second in trading room. Entry – exit Crude algo intra work sheet 418 AM Dec 16 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DET #OOTT #algo

The alert process on Twitter (room transcript below and video coming from live trading session)

$UWT is a long crude ETN day trading instrument that allows you to get magnified gains if you are on right side of the trade. Not for beginners.

I was confident because I had confirmation in the trading action that I was now again trading with the machines – makes it REALLY PREDICTABLE – to the second – watch the video – literally to the second. And that $USD/JPY from today – same thing – exactly to the cent to the second knowing in advance because when the machines are in they are in, in a way humans are not.

I alerted that there were large blocks trading in $USO – further confirmation.

I alerted prior to spike that I did accept tips (you never know a guy might get some love) – THEN IT SPIKED HARD! And of course I was broadcasting every step for our crew in the room.

Alerted to exit the trade.

A kind man thanked me.

 

Primary Lessons That May Help You With Your Trades:

Watch the two videos we’ll do on the oil trade and the USDJPY trade when ready.

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 watch lists and blog posts.

Looking Forward:

Now we are waiting for price action for our six algos to confirm targets etc and we’ll trade the other side of this inflection. IT IS GOING TO BE NUTS! Watch the algos on this inflection trade!

Announcements in Trading Room:

09:00 am Curtis M : PREMARKET MOMENTUM $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR

09:07 am Curtis M : $CBIO $DRYS news PREMARKET MOMENTUM $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR

09:08 am Curtis M : $CBIO $BOSC $ATHN $PIT $DRYS $DSLV $DUST $JDST $ARWR $MVIX $DGAZ $DWT $ONVO $LLY

09:31 am Curtis M : Watching momos $CBIO $BOSC $ATHN $PIR $DRYS $DSLV $DUST $JDST $ARWR $MVIX $DGAZ $DWT $ONVO $LLY Then on to Gold Oil SPY etc

10:25 am Curtis M : Momo $CBIO $PTCO $ESEA $PIR $ATHN $BOSC $DRYS $DCIX $JDST $DUST $PTN $IDCC $MVIS $UHS $GRFS

11:37 am Curtis M : On Lunch until 12:15 EST

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:06 am Curtis M : $CBIO mania
09:15 am Carol B : premarket looks decent
09:26 am Mathew Waterfall : Made it in. I’m having some weird issues apparently with my computer this AM so if things are laggy sorry about that
09:26 am Curtis M : modern life:)
09:27 am Curtis M : Watching open plays and then I will move over to standard when open settles down
09:33 am Tyler H : $CBIO went wrong direction
09:33 am Tyler H : Sorry $BOSC
09:34 am Mathew Waterfall : $AAPL pushing in to the gap. Watching to close out some of those calls
09:35 am OILQ K : I am staying long $AAPL in to Jan 1 in that time frame
09:36 am Curtis M : $CBIO and others not getting a great open yet
09:38 am MarketMaven M : $PIR bull
09:39 am Curtis M : $PIR squeeze is strong
09:45 am Joel O : Looking at $AMZN today on long bias
09:46 am Mathew Waterfall : $AAPL new highs. Losings the 10 on the 1′ and I’m cutting. Will let it run until 117 and get out around there
09:47 am Tyler H : Large spec on bid $ES_F we’re going hgher folks
09:49 am OILKING K : $VRX ss
09:50 am Mathew Waterfall : Out half of the $AAPL Dec16 118’s at .2 from .25. Will keep the other as a lotto play that will either double or go to zero, either way I’m fine. Didn’t buy enough time, looking at next weeks 118s
09:52 am Curtis M : This could it be it soon here on the sell side of $SPY
09:53 am Mathew Waterfall : On the mic, let me know if you can hear me
09:53 am OILKING K : Nice!
09:54 am Carol B : Thanks Matt
09:55 am Tyler H : $ES_F blasat off time
09:57 am Curtis M : Good quality head gear there Matt – clear
09:57 am Mathew Waterfall : Seeing a lot of IWM call buying and some large put sellers here. Should be in good shape for at least a pop into the end of the week. $ON calls working, $MPEL has some work to do
09:58 am Mathew Waterfall : Cool, glad that was easy lol
09:59 am Curtis M : The last time Iwent long and held ON and didnt check a stock was like 2 years ago – I did that with UWT – not sure if good or bad lol
09:59 am Mathew Waterfall : And right on time $IWM going vert. Looking for a hgher high over yesterday as first stop
10:01 am Curtis M : $SBPH halt
10:05 am Mathew Waterfall : Out half $IWM Dec23 138.5’s at .5 from .32. Keeping it tight. Will let the other half run
10:06 am Mathew Waterfall : And if you’re late it’s now even further north which is always nice
10:06 am Curtis M : snap back gonna be mean
10:07 am Mathew Waterfall : Yea /ES looks angry right now. Stop run to the north for the Santa rally
10:10 am Mathew Waterfall : $ON consolidating over yesterdays HOD. Like the steam in this one
10:11 am Curtis M : Shippers running
10:17 am Michael P : Back in 3 mins
10:22 am Mathew Waterfall : $XOM in a fed Dec23 92.5c’s @.3. Small position to start. Looking to see if this can retain some strength today and get back into the 92/93 range. Wanted it lower but it held up well
10:26 am OILKING K : Oil looks good yet IMO Mat
10:26 am Mathew Waterfall : Agreed. I don’t expect a downdraft in OIL but $XOM is always a bit of a proxy for OIL so you have to take that into consideration
10:27 am Curtis M : true that
10:36 am Mathew Waterfall : Out rest of my dec23 $IWM 138.5c’s. .62 from .32. Think it goes higher but looking for a breather and will reload. If not $XOM will have to carry me home
10:40 am Curtis M : $OPKA great chart
10:40 am Curtis M : $OPK
10:42 am Tyler H : Shippers dropped
10:43 am Mathew Waterfall : $AAPL bouncing off of gap support. Slow melt in last hour concerning but should be good for a pop north
10:43 am Mathew Waterfall : $ON 13’s. Booyah. Final target is 4’s on this one
10:43 am Dani M : excellent
10:45 am DaytradeX X : $NFLX stalking here
10:45 am Mathew Waterfall : If you’re in the trade and want to play tight can set a stop right above entry. It shouldn’t slip back below 12.73. If it does I would consider cutting
10:48 am Curtis M : $NFLX – I dont see how that biz gonna stay afloat – just me
10:50 am Curtis M : Gold in a dangerous place – next quadrant right below – algos will rape it down there -they have been in control
11:02 am Curtis M : I wonder if the 200 on the 1 min matters lol funny
11:03 am Curtis M : here we go
11:07 am Curtis M : Scaling 6000 $UWT picking my places tho short leash at fib crooss
11:12 am MarketMaven M : With ya Curt and tight stops too
11:12 am MarketMaven M : Nice fn timing
11:12 am OILKING K : That was interesting
11:13 am OILKING K : Right ear sidewinder?
11:13 am Curtis M : Its an oil trading term from way back lol – maybe they dont use it anymore
11:21 am Mathew Waterfall : Coffee break. Back in 20 or so
11:22 am Curtis M : Running scans enjoy
11:22 am Curtis M : me too
11:32 am Curtis M : Well that sucked
11:32 am Curtis M : But Im holding
11:32 am MarketMaven M : I am too but small positoin
11:34 am Curtis M : Where’s sandeep?
11:34 am Curtis M : u must b away from your computer
11:34 am John M : oil looks risky but I see your method
11:34 am John M : Im long TSLA
11:36 am Curtis M : One more round of deval and $USDJPY takes flight and Gold wlil be in bot hell
11:56 am Curtis M : Huge technical resistance on $USDJPY
12:02 pm John M : Curt USDJPY should take a breather here i think u ar right
12:04 pm Curtis M : Crude on top of a number of micro technical challenges now
12:07 pm John M : Yahoo a dog
12:07 pm David Z : Oil looking good now haha
12:07 pm Mathew Waterfall : Little lunchtime melt going on here. Expecting some more strength to come back into the market as bear haven’t been able to do much as of yet
12:08 pm DaytradeX X : Christmas rally will continue and trump train and gains tax train
12:09 pm Mathew Waterfall : USD is the thorn in our sides currently. Thanks Yellen
12:10 pm Dani M : Yellen seems out of touch
12:11 pm Curtis M : lol I will delete Yellen comments before publishing trading log bahahahah
12:11 pm Curtis M : She looks like she’d send the dogs of war
12:12 pm OILQ K : Long Spy or QQQ my think maybe
12:12 pm Mathew Waterfall : hahaha she will sick her horrible policy dogs on us
12:13 pm Curtis M : something yes she spooks me
12:13 pm Curtis M : its those collars
12:13 pm Mathew Waterfall : lol her outfits are like modern day chinese regime
12:14 pm Curtis M : haha
12:15 pm Mathew Waterfall : Just hit $NUGT for a bounc. 10 cent trailing stop, likely won’t net me much but it does like to bounce if the dollar yen can cooperate
12:15 pm Curtis M : Tempting trade with ths resistance
12:15 pm Curtis M : lol same time
12:21 pm Mathew Waterfall : Small add to $XOM position. Again nice strength on the day and looks like a cup and handle formation in progress
12:21 pm Mathew Waterfall : Only currently playing next weeks 92.5’s which are cheap
12:25 pm Michael P : what kinda magic was that wtf?
12:26 pm Curtis M : lilttle technical trick
12:26 pm Curtis M : did you watch how I did that?
12:26 pm Carol B : I DID
12:27 pm Drew M : That was sick
12:27 pm Curtis M : sick meaning good lol haha
12:27 pm Curtis M : mght still fail
12:29 pm Drew M : crazzy
12:41 pm Mathew Waterfall : $NUGT trying here, with a trailer I’m not really actively managing this trade but let’s see some bounce in the step please
12:45 pm Mathew Waterfall : $CHK Dec23 7.5 lotto trade. in @ .1. If oil holds this should get a pop. # bagger or doughnut on this no other option really so play at your own risk
12:47 pm OILKING K : I was looking at chk too
12:50 pm Mathew Waterfall : I’ll explain my thoughts on these lottos later today post market if you guys want some background in my thinking on these
12:51 pm Curtis M : Curt – remember 12:24 $USDJPY video and Sidewinder play on oil noon (note to self)
12:52 pm Curtis M : Matt u should do a blog post on it I’ll get Sartaj to get you set up
12:52 pm Mathew Waterfall : Sounds good
12:52 pm MarketMaven M : great ideas boyz like
12:53 pm Mathew Waterfall : $NUGT trying for 6. thought this was dead in the water 15′ ago lol
12:55 pm Mathew Waterfall : stopped at 5.95. Good enough for 20 cents a share on no real trade management. I’ll take the small win
12:55 pm Curtis M : yes nice profit is proft
01:01 pm Dani M : SPY gonna go
01:01 pm Curtis M : You are likely right
01:07 pm Curtis M : so glad I hammerd down so hard
01:07 pm Mathew Waterfall : Nice call Curt!
01:07 pm Curtis M : hey thanks Mat – truth is it was 50 50 but happy needed a hit
01:08 pm MarketMaven M : School today with you two guys. THANK YOU
01:08 pm Curtis M : 🙂
01:08 pm Mathew Waterfall : 50/50 with proper risk management can still pay the bills
01:09 pm Curtis M : Thats the secret right there
01:14 pm OILQ K : Anything look good Mathew?
01:15 pm Mathew Waterfall : No new positions for me, baybsitting what I have on the books
01:16 pm Curtis M : Not my skill
01:35 pm David Z : Pit close will be good or bad guys?
01:36 pm Curtis M : Tough call 50 50 with a little slant to good because of momo
01:38 pm Mathew Waterfall : I could see some profit taking here but I’m not playing it outside of my oil stock plays so YMMV
01:38 pm Curtis M : Ya you never go wrong taking profit
01:39 pm David Z : Good point
01:39 pm DaytradeX X : great day – lots of ed
02:09 pm OILKING K : what a cool play exactly like you said it would play too crazy neet
02:10 pm Dani M : Watching netflox again $NFLX
02:13 pm Darni P : Serious Mathew and Curtis best learning day and I have trade for 11 years. Looking forward to tomorrow. And Matts blog. I was thinking %DRYS for close thooughts?
02:20 pm OILKING K : Long $DRYS small
02:20 pm Mathew Waterfall : Glad you learned a few things today. Never stop learning
02:21 pm Mathew Waterfall : $drys looks ok. It couldnm’t get above 4.75 and has a recent low at 4.4 to play against so not a great r/r set up IMO
02:23 pm Curtis M : pure momo play
02:34 pm Curtis M : $KALV on scan
02:37 pm Curtis M : Just ran all the background on $KALV decent outfit guys
02:40 pm Mathew Waterfall : $DFIN working on a breakout for a swing
02:43 pm Curtis M : $CBIO blocks
02:48 pm Curtis M : $DRYS looking jiggy
02:55 pm Curtis M : $DCIX pop
03:00 pm Mathew Waterfall : $QHC HOD into the close here
03:03 pm Mathew Waterfall : Volume is lackluster but the daily candle will be a beauty. I’ll watch for continuation tomorrow
03:03 pm Curtis M : yup
03:04 pm Mathew Waterfall : And firmly into a gap that closes around 9.75 so a good candle to play against. Long over stop at LOD or around $7
03:14 pm Curtis M : So with this snap back $DRYS NHOD sqeeze I would ratchet stops at 5
03:16 pm Curtis M : If you get thru 5 your next res is 5.30 – 5.40
03:22 pm Curtis M : $CBIO 110% is a bit much but the way ths market is 300% may happen tomorrow
03:23 pm Mathew Waterfall : $AKAO says it can keep going lol
03:23 pm Curtis M : $DRYS just entered warp
03:26 pm Tyler H : I am out on $DRYS 40 cent winner
03:27 pm Darni P : ME TOO! thanks curt
03:27 pm Curtis M : I just alerted I didn’t play wish I did
03:27 pm Curtis M : risky stuff
03:35 pm MarketMaven M : $DRYS surprises me all the time. I wouldn’t hold it.
03:35 pm Mathew Waterfall : Debating $ORCL next week lottos for earnings. One of my favorite plays. recent strength with a sell off into the close right before earnings. ~1.50 move expected. Eyeing next week 43s but will likely just watch
03:37 pm Michael P : need to learn your moves mathew
03:37 pm Michael P : i will read your post
03:38 pm Dani M : see you tomorrow gyz!
03:39 pm Mathew Waterfall : I’ll work on it this weekend. It will have some technical stuff in there but be a decent primer for options with a slant towards lottos
03:39 pm Mathew Waterfall : $DFIN and $QHC looking strong into close. close eye on both$ON rallying to finish the day as well
03:40 pm Curtis M : All look good on that list
03:44 pm Mathew Waterfall : Rolling half of my $ON jan 13’s to 14’s for .36 credit. Great way to take some profits and keep the trade on. This will move the effective cost of those 14’s to .16 a piece. Keeping the other half of the 13’s and will outright sell those in coming days
03:45 pm Mathew Waterfall : You could also sell against the 13’s to creat a spread if you wanted or straight sell to lock gains but I think this goes higher as my previously mentioned target is 14 if the market cooperates
03:46 pm Mathew Waterfall : I promise, on of these days I will also learn to type. Editing my blog post this weekend will take longer than writing it I’m sure
03:46 pm Mathew Waterfall : *one see lol
03:47 pm Curtis M : lol
03:50 pm Mathew Waterfall : $AKS and $CLF pushing to close at HOD as well. in $XOM could join that would be very constructive
03:50 pm John M : Like $CLF
03:53 pm Mathew Waterfall : Same here John. 9.62 is an important level. Now that we’re over that I’m looking for a move back to the highs
03:53 pm Curtis M : $CLF makes sense
03:53 pm DaytradeX X : Im out good nite!!!
03:54 pm Joel O : in the morning peeps bye
03:54 pm Mathew Waterfall : $CLF was 121 in 08. Crazy
03:55 pm Darni P : YES TO $CLF – Catchya tmrw
03:57 pm Curtis M : Great day guys and gals thanks for the support!
03:57 pm Mathew Waterfall : See ya in the AM guys and gals
03:58 pm Carol B : see ya mat
03:58 pm Jack D : peace
04:01 pm Curtis M : out

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, $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Wednesday Dec 14 – $UWT, $SPY, $VIX, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $NG_F, $UGAZ 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.

$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 Monday,

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 at 227.80.

Price action on $SPY struggled with that area all day and remained a challenge overnight, Wed Fed day challenged price action and overnght it is still struggling BUT THE CHART IS NOT BROKE and until otherwise our algo predicts are in play (new reports processing and available within a day or three).

And our $VIX algo been hitting it on intra calls too which is awesome to see.

Gold – $GLD $GDX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F

Per yesterday:

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 our Gold price target of 1163 from months back has hit and overnight it got down to 1151 which puts Gold very close to the 90% probability of a hit to bottom of quadrant from @RosietheAlgo with posts going way back.

Gold, Algo, Price Prediction

Gold algo price predict target 1133.00 in sight. Gold algo intra work sheet 522 AM Dec 15 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

$USOIL $WTIC $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP

So that leaves our inaugural algo EPIC!

From yesterday:

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).

And what do you know! Wednesday EPIC the Oil Algo HIT THE PRICE PREDICT TARGET TO THE EXACT CENT AT THE EXACT SECOND OF THE PREDICTION NINE DAYS PRIOR!

So were weren’t sure which target was going to hit – funny thing is primary target hit right to the cent at the second of the call and the secondary target hit about 2 seconds later right to the exact cent also. What a day for EPIC. Below is a shot of when price was on its way to targets and above is price of crude hitting both called targets within seconds of each other.

EPIC, Oil, Trading, Chart, Newsletter

Price on its way to highest probability targets identified for Wed 1030 AM. Crude algo intra work sheet 439 AM Dec 14 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo

Our Trades:

I only took a couple long positions in my swing account on $UWT and held overnight.

So the room was really quiet because of the Fed speak.

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:

Nothing new here from me.

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 watch lists and blog posts.

Looking Forward:

Now we are waiting for price action for our six algos to confirm targets etc and we’ll trade the other side of this inflection. IT IS GOING TO BE NUTS! Watch the algos on this inflection trade!

Announcements in Trading Room:

09:02 am Curtis M : 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.

09:09 am Curtis M : $VCEL $BCLI $NSR $IDXG $ADHD $GOL $RCON $RUSS $DWT $AMRS $PRTO $SCO $OPHT $JNUG $LYG $MTL

09:11 am Curtis M : 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.

01:51 pm Curtis M : We are experiencing intermittent internet outages in our area – if we stop broadcasting we will re-enter after each outage.

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:11 am Curtis M : On Watch: $VCEL $BCLI $NSR $IDXG $ADHD $GOL $RCON
09:27 am Mathew Waterfall : Wouldn’t be too surprised to see a bit of a shake and bake into the fed as we are all pretty nervous overall. I’ll be sitting on my hands unless something crazy happens
09:27 am Curtis M : Watching $VCEL over 4 and dont see a lot of action this side of Fed FYI likely sit
09:31 am Curtis M : 52 week highs $NSR $RACE
09:32 am John M : Short $AKAO
09:32 am Mathew Waterfall : $CRBP pop off open. I am putting a trailer on this
09:33 am MarketMaven M : $VRX long 14.75
09:34 am Sammy T : Was going to short $VCEl glad I didn’t POP
09:35 am Mathew Waterfall : Out of $CRBP at 8.2. Didn’t get much out of that, want to lighten up before the fed. Small win
09:35 am Curtis M : $ADMP vol on scan
09:43 am Curtis M : 53 Week New highs $CDZI $DF $HOV $LIOX $MC $RICK
09:44 am MarketMaven M : Long $NWBO small
09:45 am Curtis M : Looking at oil related long near support post Fed and Natural Gas – likely sit on hands
09:46 am Mathew Waterfall : Couple $AAPL weekly 118’s @.25. Looking for some continuation afer breaking out of the bull flag pattern
09:46 am Mathew Waterfall : Fill at .23 it looks like
09:47 am Mathew Waterfall : And $CRBP taking off after I’m out lol love that
09:50 am Ronny D : $AKAM looks decent long now.
09:52 am Curtis M : Crude support test here.
09:53 am Curtis M : If crude doesn’t hold this support and hits downdraft check your algo target below. Lots of air.
09:54 am Mathew Waterfall : $ON Jan 13c’s. Bought a few at .55. If this slips I’m out, but just broke above resistance and saw soe good buying action this AM
09:56 am Mathew Waterfall : IRAQ IS RAISING OIL EXPORTS, NOT CUTTING — SOMO SHIPPING DOCUMENT: DOW JONES
09:59 am Mathew Waterfall : FANG on th move. $AAPL and $FB moving north with $NFLX lagging
10:01 am Ronny D : Short $JPM
10:02 am Curtis M : Crude bulls have it over support
10:12 am MarketMaven M : Nice buys in CL
10:14 am Mathew Waterfall : Whoever had the $VRX long be careful. It looks pretty weak here and from now until the end of the year it’s a prime tax loss sell candidate
10:16 am Mathew Waterfall : $JPM and $GC trying to go green. $BAC already there. Rate hike already baked in but these might get an extra little pop off of the hike news
10:18 am Curtis M : $BAC Im sure I got wacked on Fed day last year too – cant recall who else brought that up
10:21 am Curtis M : EPIC target looking good for price and time predict for 10:30 AM today – in target zone
10:31 am Mathew Waterfall : $AKS and $CLF ripping. If you followed me in you can take small gains here, I’m holding but will consider dumping half of my position if they double to cover costs and let the rest ride free
10:54 am Curtis M : Sorry guys was just doing some high fives in the lab there
10:55 am Curtis M : So oil is bullish
10:56 am Curtis M : As long as oil holds the support lines (yellow) the next targets are up
10:57 am Curtis M : Keeop in mind Friday targets are less predictive than Tues and Wed but they are good too like 85%
11:02 am Carol B : Unbelievable EPIC call guys
11:03 am Curtis M : Epic the Oil Algo is my buddy lfor sure. Called that target to the penny and second.
11:23 am Mathew Waterfall : $FANG getting beat on here a bit. Still holding the $AAPL calls small position high R/R if it can fill that gap to the 118’s. $TSLA also looks interesting but calls are a little high with only 2 day sleft in the week here
11:24 am Curtis M : Sorry guys back – quick call there
11:25 am Mathew Waterfall : Casinos also looking lively here. They should get some mojo back shortly IMO
11:26 am Sammy T : I like the casinos but waiting until Fed too – we should all go on early lunch soon n come back for Fed
11:26 am Curtis M : Not a bad idea lol
11:27 am Mathew Waterfall : I debated sleeping in today thinking the morning would be slow. I was right but didn’t sleep in. I think you’re on to something Sammy
11:28 am Curtis M : Ya u guys arre prob right Ill be in lab anyway so Ill be 10 feet from monitors f anything shakes
11:28 am OILKING K : Will be quiet until after Fed for sure
11:48 am Mathew Waterfall : $ON continued call sweeps into this weakness. Interesting as it broke my chart levels, retraced, and is still getting big buys all morning
11:49 am Carol B : CL looks strong
11:52 am Mathew Waterfall : $CLF $AKS strong. Also looks like I should have taken those $TSLA calls
11:53 am Curtis M : Fed might decide $TSLA direction
11:54 am Mathew Waterfall : I just hate trading that stock, so manipulated it’s not even funny
11:55 am Mathew Waterfall : Because I am scared I am putting a stop on the rest of my $LVS Dec30 60c’s. Currently trading.8, stop at my buy which was .53
11:55 am Mathew Waterfall : Already rolled the $MGM to take profit and sold against the $WYNN for those keeping track so not as worried about those positions
12:09 pm Mathew Waterfall : More $CLF sweepers coming through. Also seeing some $IWM play betting on a strong bounce post fed
12:13 pm Curtis M : Long $UWT
12:13 pm Mathew Waterfall : Not sure if or when we will get there but orders in on $AKS and $CLF calls. Selling half of both at the double mark to keep the other half of each for a longer term play
12:25 pm Mathew Waterfall : $LVS stopped raised a dime to .63. Will let this play out, but want to make sure I get some profits so likely last raise until stock hits 59.5-60
12:41 pm darni t : I’d like to follow you on that UWT long but I am going to wait for Fed
12:41 pm Curtis M : Ya I get it. Im in small. Waiting too.
01:00 pm Mathew Waterfall : $LVS approaching 2 bagger. 1.015 flasshing from .53 entry. Not a horrible time to step off the ride but I am greedy and let my winners run
01:01 pm Mathew Waterfall : What I’m watching in $AKS http://tos.mx/cqcKoF
01:14 pm Mathew Waterfall : $LVS stop raise again. If we can hit the 59.5 monday premarkey high today, I’ll likely lock and sell. If not I’ll let it keep working as I think all of the casinos will see their Friday highs here before too long
01:17 pm OILKING K : I think market going to fly high soon. Very soon.
01:22 pm Mathew Waterfall : I hope you’re right OKK. Also, if you guys are looking at set ups post them up. Or if you think we can help break down a chart or something we can work on that as well
01:23 pm Sammy T : Thanks Matt!
01:23 pm Mathew Waterfall : Shoot me a PM if you don’t want to post it here for some reason
01:23 pm Michael P : i will prepare some stuff this week for you to look at Matt
01:23 pm Mathew Waterfall : Sounds good
01:36 pm Mathew Waterfall : Out half $AKS Dec23 11’s. .41 from .23. Sold a bit earlier than planned but IV just cranked on these guys so I took to opportunity. Will hold the other half. Sticking to plan on $CLF as I have more time there with the Jan17 12c’s
01:39 pm Mathew Waterfall : Have an open order to sell half of those $CLF calls for .45 for anyone wondering. Again, not saying we get there but some of these fed decisions envoke a kneejerk reaction
01:42 pm Curtis M : Huge internet outages in our area right now – its fibre too
01:44 pm OILKING K : Ya it seemed to freeze on my end here
01:46 pm Carol B : Yellen show time soon.
01:46 pm stockman H : Looking long $SMRT right after Yellen
01:54 pm Curtis M : Yellen might just try and throw Trump under bus:)
01:58 pm Mathew Waterfall : I love the fed frontrunning. LEt’s see how excited the boys are today
01:58 pm Curtis M : lol
01:58 pm Mathew Waterfall : $VIX smash
02:04 pm Edward Johansson : why is the market going the opposite of the rake hike?
02:05 pm Edward Johansson : or is that just normal bouncing around?
02:05 pm Curtis M : Offside money
02:06 pm Curtis M : Institutions have to hold in to 2017 retail can cause some downdraft but not for long IMO
02:06 pm Mathew Waterfall : Yepp plus you always see big swings as people bet both sides
02:06 pm Curtis M : yup
02:06 pm Mathew Waterfall : 3 projected in 2017. Stupid if they do, they projected 4 last year though and we got 1 so who knows
02:08 pm Curtis M : Matt – u have chart on your screen? Were getting hammered by internet outages
02:08 pm Mathew Waterfall : $MPEL Dec 23 18.5’s. Sweepers all over this earlier with nice price action. Filled at .3 small position to start will add if it gets some juice
02:09 pm Mathew Waterfall : I can share mine hold on
02:12 pm Curtis M : Wierd – oh well it may go in and out all afternoon
02:13 pm Mathew Waterfall : Let me know if you want to switch to my front screen. I had to install the screen sharing program but it looks like Im set up
02:14 pm stockman H : I will be buying this dip – not sure when but I am buying it
02:14 pm Curtis M : not much of a dp yet
02:15 pm Mathew Waterfall : Covered those $WYNN Dec23 102c’s that I sold against my 100’s. Covered at .25 from .49. Will resell another set if $wynn gets a pop as I expect
02:32 pm Mathew Waterfall : $AAPL handling this well. $IWM taking it on the chin here pretty hard
02:35 pm Carol B : I will be on long side of this soon I think
02:41 pm Mathew Waterfall : Added $AKS Dec30 11c’s at .42 for a bounce to preFOMC levels. Will watch this and cut if it doesn’t get going
02:42 pm Curtis M : Long $UWT scaling another 1000
02:42 pm Curtis M : 300 prior – small entries yet
03:11 pm Mathew Waterfall : Out of second $AKS position. Will revisit after this flush. Think the maket keeps grinding higher from here but I don’t want to sit through the pain. Still holding half of original position after selling half this AM preFOMC
03:14 pm Curtis M : I thought $WYNN would do better
03:18 pm Mathew Waterfall : Same here. I don’t think it’s over for the casinos but if the market is selling off they will go along as well
03:19 pm Curtis M : I still dont think the market or oil going far – rubber band coming next 3 trading days at most IMO
03:19 pm Mathew Waterfall : Agreed. Everything still looks mostly constructive
03:20 pm Curtis M : This aint last year totally different
03:20 pm Mathew Waterfall : Most were looking for a reason to sell off. Should snap back and I would bet on another all time high before xmas
03:21 pm Curtis M : yup
03:21 pm Mathew Waterfall : $IWM Dec23 138.5c’s at .32 for the snap. Putting my money where my mouth is after it just got kicked
03:38 pm Mathew Waterfall : Big $TICK’s coming through here and $VIX slam.
03:51 pm Mathew Waterfall : And now huge $TICKs to the downside. I’m sleeping on all of my positions. Snapback still in play IMO
03:51 pm Curtis M : yup
03:56 pm Curtis M : Well I am in $UWT hold overnight if more downdraft over nnight I wll hit it again soon – Have a great night guys and gals!
03:56 pm Carol B : you too curt
03:56 pm Mathew Waterfall : See ya in the AM guys
03:57 pm darni t : thanks for the good work Matt and Curtis

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, $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GLD $GDX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USOIL $WTIC $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500


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


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


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’s@.53. 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


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