Compound Trading Chat Room Stock Trading Plan and Watch list for Monday June 5, 2017; $LOXO, $DVAX, $TGTX, $LTBR, $JUNO – $SSH, $LGCY, $TRCH, $ESEA, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notes in red text below are new comments entered specifically today.
Today’s Live Trading Room Link:
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to firstname.lastname@example.org and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Post Market Reports:
Sorry we’re running behind on them – we’ll get them caught up this week. Getting the 24 hour oil room ready took a bit more manpower than we expected. But we’re on for June 12 launch!
Most recent lead trader blog posts:
Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series.
Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series. https://t.co/7XFIQ68CoY
— Curtis Melonopoly (@curtmelonopoly) May 29, 2017
— Compound Trading (@CompoundTrading) March 27, 2017
The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports will be out soon.
Trading Plan (Buy, Hold, Sell) and Watchlists:
Morning momentum stocks on watch so far: $LOXO, $DVAX, $TGTX
Bias toward / on watch: Watching to possibly close some longer term swings I have done well with such as $GOOGL, $AMZN and others. Watching Gold with a possible chart set up and looking for a bounce in oil (trading at 47.33 7:51 ET).
Markets: $SPY $ES_F $SPX I continue to be cautiously optimistic grinding up, $GLD, $GDX, $SLV continue in indecision but the charts say it could be up soon. $USOIL, $WTI ran up and tanked again overnight so we’re watching for a bounce. $DXY and $VIX no significant news.
OTC on watch: Randoms I am still watching.. $PGPM, $BRNE, $ELED, $PVCT, $LIGA (I hold),$AMLH, $BLDV $UPZS $OPMZ $MMEX $ACOL $BVTK $USRM $ORRV $JAMN $PFSD
Gaps to Watch:
Recent Momentum Stocks to Watch:
Stocks with News: $LOXO, $SRRA, $TGTX, $PBMD
Recent SEC Filings to Watch: $LACDF Lithium Americas Corp Director Acquires C$266,750.00 in Stock
Short Term Trader’s Edge: $LTBR, $JUNO
Some Earnings Today: $ASNA $CASY $COUP $THO
Holds: All holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA, $PVCT
Various Recent Chart Set-ups on Watch: $LTBR, $RCL, $JKS, $CALA, $LITE, $JUNO, $PCRX, $CTSH, $FEYE, $TSLA, $NVO, $FSLR, $AAOI, $HIIQ, $JASO, $VIPS – We are working on these and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Midday Chart and Trade Setup Review June 1, 2017:
Midday Chart and #SwingTrading Setup Review, June 1, 2017: $JUNO $USOIL $WTI $GOOGL $VIPS $AGN $SNAP and more.
— Compound Trading (@CompoundTrading) May 29, 2017
Market Outlook :
Watch those large and mega caps – when they stall things could change. And don’t forget our $SPY algo warned about recent highs.
Market News and Social Bits From Around the Internet:
-US Consumer Spending
PMI Services Index
-Market Conditions Index
$LOXO premarket up 40.77 % trading 68.95 on positive cancer drug trial news.
$SRRA Sierra Oncology Reports Encouraging Initial Progress from Ongoing Phase 1 Clinical Trials of Chk1 Inhibitor SRA737
$TGTX Announces Positive Data from Phase 3 GENUINE Trial of TG-1101 in Combination with Ibrutinib
$PBMD LAG-3Ig (IMP321) DEMONSTRATES POSITIVE SAFETY AND EFFICACY QUALITIES IN BREAST CANCER CLINICAL TRIAL
— Curtis Melonopoly (@curtmelonopoly) June 5, 2017
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List :$LOXO, $DVAX, $NAKD $CLSN $HMNY $PBYI $TGTX $FOR $GIMO $PERI $RNN $MBVX $HAL $AEHR $MNKD $ARRY $HTGM $P I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $UWT $SPY $XIV $LABD $JDST $DUST $JKS $SNAP $CHK I will update before market open or refer to chat room notices.
(3) Other Watch-List: $LABU $LOXO $DVAX $PBYI $TGTX $HMNY
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: $WEX $LOXO $STT $OUT $EC $OMAM $PB $PBCT $FOE $UFS $RFP $GPS $NAV $STI $IVZ $EBAY $EV $INCR $MDP $CW $SKX $YELP as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $PRGO $VEEV $AAPL $AMG $FII as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Algorithm Twitter feeds can be found here:$WTI (@), $VIX (@), $SPY (@), $GLD (@), $SLV (@), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct. Our lead trader Twitter feed is here @curtmelonopoly and lead tech developer @hundalSHS.
Article Topics: $LOXO, $DVAX, $TGTX, $LTBR, $JUNO – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD