Review of my Chat Room Stock Day Trades, Algo Calls and Alerts for Wednesday Dec 7 $JUNO, $CBMX, $UCO, $INPH, $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:
I look to oil related trades as my bread and butter. Now that our other algos are starting to perform like EPIC I’ll be trading with the other five over the coming next few weeks. I mention that because oil of course has lost $UWTI and $DWTI and they were wayyyy better for my style than $UCO (as it relates to oil related).
Looks like I got out at the right time. Crude algo intra work sheet 258 PM Dec 7 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO #OOTT #algo pic.twitter.com/9Qw5DFc3no
— Melonopoly (@curtmelonopoly) December 7, 2016
The market as a whole continues on our pre-election call (that came from FREEDOM the $SPY Algo) of all time highs and a face ripping rally.
$SPY In addition to my $DXY $GOLD $SILVER call heat. .. took a lot of heat pre election on my $SPY ATH calls… algos be hitting em🔥. pic.twitter.com/JYmdkauYxw
— Melonopoly (@curtmelonopoly) November 18, 2016
Gold and Silver are still in the price target called by our algos months ago (ROSIE the Gold Algo and SuperNova Silver Algo).
Waiting for confirmation for long trades – there’s a warning of a possible downdraft from ROSIE before a rally to bottom of quadrant so I’m waiting patiently).
$GOLD Almost there. $GLD $NUGT and select small caps on deck soon. #patience #stocks #daytrading pic.twitter.com/uEjPLkwn2J
— Melonopoly (@curtmelonopoly) November 18, 2016
$SILVER @SuperNovaAlgo nailed price target posted last fee months on Silver! $SLV $USLV $DSLV Algos dialing in nicely. pic.twitter.com/pozPnJq34a
— Melonopoly (@curtmelonopoly) November 24, 2016
Volatility $VIX came per our Vexatious $VIX Algo alert yesterday – shoulda lol. Nailing it all the time like the other algos.
$USD/JPY our algo $DXY_USDindex has been all over hitting the move perfect for months – so here also waiting for the inflection point.
$USD/JPY Caution Gold bulls. Not broken yet. Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG) pic.twitter.com/FunXs6s1l7
— Melonopoly (@curtmelonopoly) December 7, 2016
Other than my quick oil trade and the algos nailing it – I was pretty quiet. The market is on fire no doubt.
Primary Lessons That May Help Your Trades:
There were pockets on fire in the market and $SPY per above and $VIX moved per algo call so I missed those. Crude I played a tight play – should really only play the margins of the trading width as they relate also to the algo targets.
Looking Forward:
There are a tonne of set-ups in the market right now. Still on my watch are emerging markets $EEM and others mentioned in previous. Dips on $GOLD are 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.
$NATGAS – we’re working on an algo for natural gas but it’s still not there – but it is starting to hit calls – just not 80 – 93% like the others.
Resistance? $NATGAS In Sept 09 it ran from this price base for seven weeks tho – 4 weeks now here. $UGAZ $DGAZ pic.twitter.com/1JMM7VcJTm
— Melonopoly (@curtmelonopoly) December 7, 2016
Announcements in Trading Room:
08:41 am Curtis M : Gainers $IMNP, $ANTH $PLAY, $PPHM $UGAZ, $NVCN $VKTX $ENPH $WDC $ECR $BOIL $JNUG $RIO $NUGT $VALE $PLX
09:06 am Curtis M : Rooms are split today in groups – seeing same thing. If you get moved don\’t sweat it. Gainers $IMNP, $ANTH $PLAY, $PPHM $UGAZ, $NVCN $VKTX $ENPH $WDC $ECR $BOIL $JNUG $RIO $NUGT $VALE $PLX
Stock Chat-room Trading Transcript:
All the chatter removed.
09:17 am Curtis M : S&P -0.05%.10-yr +0.12%.Euro +0.16% vs. dollar.Crude -1.04% to $50.41.Gold +0.74% to $1,178.95
09:19 am Curtis M : Decliners $SIGM $VRA $LADR $PES $LABU $ESV $DGAZ $JDST $DUST $BBG $BLUE $GFI $VKTX
09:20 am Curtis M : Momo: $PLAY $ECR $WDC $EMKR $WEN $CONN $MU $FRSH $ZNGA $STX
09:34 am Mathew Waterfall : Scaling out of some of the MGM calls opened yesterday on morning strength. Also looking at closing/rolling a portion of the CLF calls
09:42 am Wendel T : Pharma incredible all over.
10:17 am Curtis M : 52wk Highs: $KEM $ORN $TITN $TMUSP $TX
10:21 am Curtis M : Here we go…. very soon
10:33 am Curtis M : #EIA #OOTTCrude: -2.389MCushing: 3.783MGasoline: 3.425MDistillates: 2.501MImports: 0.730M
11:10 am Curtis M : Long $UCO
11:11 am Curtis M : 10.667 avg 2000 shares
11:24 am Curtis M : Great trade so far
11:27 am Curtis M : Running scans before lunch break
12:02 pm paul m : $RNVA Active
12:03 pm Herman T : $VIX looking cheap
01:28 pm Curtis M : Lunch longer than expected
01:36 pm Marie M : $ATW
02:09 pm Curtis M : Getting booked for a number of program appearances. Interesting.
02:11 pm Curtis M : Out of $UCO for small gain
02:14 pm Curtis M : Leader board $ANTH $IPI $EMKR $PLAY $CVI $PI $PMHD
02:17 pm Curtis M : Gold getting hammered again
03:34 pm Curtis M : $TWTR short covering
03:37 pm Shafique R : $TWTR squeezing for sure
04:00 pm Curtis M : Well that was a crazy day – tyl
04:00 pm Wendel T : cya curt
04:00 pm Carol B : bye guys
04:00 pm Jack D : peace
Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $CBMX, $JUNO, $UCO, $GOLD, $USDJPY, $USOIL, $WTIC, $NATGAS, $USD/JPY, $SPY, $VIX, $IMNP, $ANTH