Tag: Stockmarket

Pre-Market Newsletter Tues Dec 20 $UWT $CNAT $ACAD $TNXP $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , , , , ,

My Stock Trading Plan for Monday Dec 20, 2016 in Chat room.  $UWT, $CNAT, $ACAD, $TNXP, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY, $SILVER, $SLV, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

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

REPORTING: Another quickie guys and gals! SO SORRY but this is quickest one yet – WE ARE RUNNING AROUND CLOCK RESETTING ALL ALGOS for the year end market inflection. So ya – that’s the excuse (true one lol). So much data ugh.

Current Holds:

$CBMX, $JUNO, $UWT (deep dive)

Market Outlook:

As mentioned above; all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out VERY SOON – EPIC had HUGE NEWS last night so we got a tad distracted running his math but we’re on it. WE SEE INFLECTION HERE – it may last a while – a pause – but it is either here right now or VERY VERY close.

Morning Momo / News Bits:

8:00 AM Gainers: $CNAT 134%, $ACAD 37%, $TNXP 8%, $BCEI 6%, $JDST 5%, $VIP $AUPH $DUST $DGAZ $UWT

7:34 am $CNAT $5.00 154% 205K vol pre-market

Lots of news:

BlackBerry shares rally in premarket after profit surprise http://on.mktw.net/2hmtwxe

PX, DRI, BBRY, GIS, GM, FB, AAPL & more
CNBC.com
Check out which companies are making headlines before the bell:
Praxair — After weeks of talks, Praxair and rival industrial gas maker Linde have signed a non-binding term sheet for a merger of equals. Linde shareholders would get about a share and a half for each share they now hold, while Praxair holders would get one share.
Darden Restaurants — The parent of Olive Garden and other chains matched estimates with profit of 64 cents per share, while revenue was also in line with forecasts. Darden did post better-than-expected comparable-restaurant sales.
BlackBerry — The formerly dominant smartphone company — now largely a software provider — reported adjusted quarterly profit of 2 cents per share, compared to estimates of a 1 cent per share loss. Revenue was below Street forecasts, but BlackBerry did raise its full-year outlook.
General Mills — The foodmaker missed estimates by one cent a share, with adjusted quarterly profit of 85 cents per share. Revenue missed the mark, as well, on weaker sales of brands like Yoplait yogurt and Progresso soup.
General Motors — The automaker will temporarily shut down five plants in January for one to three weeks, as well as laying off nearly 1,300 workers at a Detroit assembly plant beginning in March. GM is trying to adjust to a slowdown in auto sales following seven years of growth.
Fiat Chrysler — U.S. officials are investigating about one million Fiat Chrysler pickup trucks and SUVs following reports of rollaway crashes that occurred after the vehicles were parked. NHTSA said it had reports of 25 related crashes and nine injuries allegedly related to the issue.
Facebook — European Union antitrust regulators are charging Facebook with providing misleading information about its takeover of WhatsApp. The objection involves Facebook’s sharing of WhatsApp user data.
Biogen — Biogen named Executive Vice President Michel Vounatsos as its next chief executive officer, effective January 6. He’ll replace George Scangos, who had led the drugmaker since 2010 and had previously announced he would step down as soon as a successor was found.
Apple — Apple has discussed setting up manufacturing facilities in India with the government, according to The Wall Street Journal. Making its products locally would allow Apple to open its own stores in India.
Philip Morris, Altria — These and other tobacco producers are on watch today after the California Public Employees’ Retirement System voted to broaden its ban on tobacco investments. That move went against a staff recommendation that the 16-year old ban be removed.
Destination Maternity — Destination Maternity agreed to be bought by French child care clothing and products retailer Orchestra Prémaman in a stock swap deal worth $7.05 per share. Shareholders in the maternity apparel retailer will receive a little more than half of an Orchestra Prémaman share for each share they now hold.
Ericsson — Ericsson will reportedly cut about a quarter of its workforce in Italy, according to a Bloomberg report. That comes after the telecom company lost the contract to manage the country’s largest wireless network.
Deutsche Bank — Deutsche Bank remains on our watch list amid reports that a settlement with the U.S. Justice Department will be announced this week, and that the penalty for the bank in a mortgage backed securities case will be far less than the $14 billion first proposed by U.S. officials.
Bank of America — The bank sold its U.K. credit card business MBNA to Lloyds Banking Group for $2.35 billion.
Square — Instinet began coverage on the mobile payments company with a “buy” rating, noting the growth of the overall market and Square’s consistent gain in market share.
Salesforce.com — Drexel Hamilton initiated coverage on the company with a “buy” rating, noting that Salesforce continues to be a leader in customer relations management while expanding its cloud software offerings.
Alcoa — The aluminum producer was upgraded to “outperform” from “neutral” at Maquarie, citing expectations of improved demand and pricing.

If you are new to our trading service you should review recent blog posts and at minimum of our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter ans Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List:  $CNAT 134%, $ACAD 37%, $TNXP 8%, $BCEI 6%, $JDST 5%, $VIP $AUPH $DUST $DGAZ $UWT $MTL $SID $LABU $GGB $BBRY $NVDA I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $AKAO (momentum play last week), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades: $AA $KOS $HBAN $VSAR $WDC $AWK $AMD $PEG $ES $DAN $AXL $TECK $NVDA $FNB $ZION $PBCT $FRC $CLVS $REGN I will update before market open of refer to chat room notices.

(6) Downgrades: $CBOE $CEMP $SBGL $OAK $CELP $EXR $FE $DYN $FNV $AYI $GRP $INOV $PB $HMST $FFWM $BUSE $MITL $NLY $AI $AMGN  I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

NA

As I wrote last week:

I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who knows?

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

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

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

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

NA

Outlook:

As I wrote this week:

Looking for possible record lows before Christmas.

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

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

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

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

 

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

Per previous:

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

THIS IS STILL SUPER BULLISH!!!

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

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

NA

Per recent posts:

Rosie the Gold Algo target call HIT!

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

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

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

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

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

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

NA

Per previous;

Yesterday Silver tanked real hard! Good thing we’ve been sitting on our hands awaiting inflection point here.

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

My Plan for Trading Silver: same

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

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

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

Please review EPIC’s twitter feed from last evening – trading at top of range and hitting all kinds of algo targets overnight.

Outlook:

Last week Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second and Friday Algo target was a miss.

Trading Plan: I am in here on three entries – 10000 shares deep $UWT.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

NA

Per last week:

Hit resistance as I thought and alerted.

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

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

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

ON CLOSE WATCH!

Study:

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

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article,

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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Pre-Market Newsletter Mon Dec 19 $XGTI $GSAT $TNXP $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , , , , ,

My Stock Trading Plan for Monday Dec 19, 2016 in Chat room. $XGTI, $GSAT, $TNXP, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY, $SILVER, $SLV, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

If you have reviewed the morning swing trade newsletter much of it is contained herein this week.

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

REPORTING: This will be another quick report. The market is settling in now from an algorithmic modelling perspective and we expect all charting for all algorithms to be done and published again through-out day today and published prior to tomorrow market open.

Current Holds:

$CBMX, $JUNO, $UWT (deep dive)

Market Outlook:

As mentioned above; all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out today and before market open tomorrow (we’re running them right now). WE SEE INFLECTION HERE – it may last a while – a pause – but it is either here right now or VERY VERY close.

Morning Momo:

$XGTI $GSAT $TNXP $EGO $BCLI $ORIG $SDRL $TRVG $DRYS $JNUG $GFI $NUGT

$TNXP +39% TNX-102 SL BTD PTSD Phase 3-Ready Drug Candidate, TNX-102 SL, Granted Breakthrough Therapy Designation by the FDA
$APHB +29% P1 Data
$LOXO +15% LOXO-101 Update
$OCUL +9% Insider Buy
$CBIO +6% Mfg Agmt

$JUNO Defeats Kite Pharma’s Challenge to CAR T-Cell Patent. $KITE
https://finance.yahoo.com/news/juno-therapeutics-defeats-kite-pharma-140000298.html

If you are new to our trading service you should review recent blog posts and at minimum of our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter ans Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $TNXP $GSAT $XGTI $CUR $APHB $BCLI $AWH $RGSE $PLX $PSTI $NVCN $GGB $JNUG $CBIO $OCLR $DRYS I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List:$JAKK, $TVIX, $AMAT, $VIIX, $BBRY, $ZNGA, $SQQQ, $ABUS, $MAR, $NVDA I will update before market open or refer to chat room notices.

(3) Other Watch-List: $AKAO (momentum play last week), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

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

(6) Downgrades:  I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Running algos today. Basic trading range – the 20 MA is turning up through 50 MA on the 5 Minute – Fibonacci levels to watch. 614 AM Dec 19 $ES_F $SPXS $SPXL :

Fibonacci, $SPY, Chart
$SPY The 20 MA is turning up through 50 MA on the 5 Minute – Fibonacci levels to watch. 614 AM Dec 19 $ES_F $SPXS $SPXL

Outlook:

As I wrote last week:

I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who knows?

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

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

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

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

$VIX Keep it Simple Chart of Day. 50 MA cross 200 MA to upsaide buy and when it turns under 20 MA sell short. $TVIX $UVXY $XIV

$VIX, Swing Trade, Chart
$VIX Keep it Simple Chart of Day. 50 MA cross 200 MA to upsaide buy and when it turns under 20 MA sell short. $TVIX $UVXY $XIV

Outlook:

As I wrote this week:

Looking for possible record lows before Christmas.

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

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

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

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

$DXY Keep it Simple Chart of Day. 200 MA and 50 MA 1 Day Cross Buy Sell Trigger $UUP

$DXY, US Dollar, $UUP, Chart, Swing Trading
$DXY Keep it Simple Chart of Day. 200 MA and 50 MA 1 Day Cross Buy Sell Trigger $UUP

As I wrote over and over again since July 2016 when our algo locked the math in:

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

THIS IS STILL SUPER BULLISH!!!

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

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

Keep it Simple Chart of Day. 100 MA 1 WK Buy Sell Trigger. Gold algo intra work sheet 1022 PM Dec 18 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Gold, Chart, Swing Trade
Keep it Simple Chart of Day. 100 MA 1 WK Buy Sell Trigger. Gold algo intra work sheet 1022 PM Dec 18 $GOLD $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG #algo

Per recent posts:

Rosie the Gold Algo target call HIT!

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

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

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

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

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

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

SILVER Keep it Simple Chart of Day. 1 Week Buy over 200 and 20 MA Sell Under 20 MA $SL_F $SLV $USLV, $DSLV

Silver, Swing Trade, Chart
SILVER Keep it Simple Chart of Day. 1 Week Buy over 200 and 20 MA Sell Under 20 MA $SL_F $SLV $USLV, $DSLV

Per previous;

Yesterday Silver tanked real hard! Good thing we’ve been sitting on our hands awaiting inflection point here.

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

My Plan for Trading Silver: same

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

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

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

20 MA on 4 Hour Buy – Sell Trigger. Crude algo intra work sheet 407 AM Dec 19 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo

20 MA on 4 Hour Buy - Sell Trigger, Crude, Oil
20 MA on 4 Hour Buy – Sell Trigger. Crude algo intra work sheet 407 AM Dec 19 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo

Outlook:

Last week Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second and Friday Algo target was a miss.

Trading Plan: I am in here on three entries – deep.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

Per last week:

Hit resistance as I thought and alerted.

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

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

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

ON CLOSE WATCH!

Study:

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

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article,

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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The Art of the Lotto – Options Trading

Mathew WaterfallSwing Trading, Trading Plan, , , , , , , , , , , , , , , , , , 3 Comments on The Art of the Lotto – Options Trading

 

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

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Pre-Market Newsletter Fri Dec 16 $EVOK $SHIP $ESEA $DCIX $TIG $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , , , , , , ,

My Stock Trading Plan for Friday Dec 16, 2016 in Chat room. $EVOK, $SHIP, $ESEA, $DCIX, $TIG, $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY, $SILVER, $SLV, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

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

REPORTING: This will be another quick report. The market is settling in now from an algorithmic modelling perspective and we expect all charting for all algorithms to be done and published again before Monday morning market open. IT IS IMPORTANT TO NOTE that the calls all the algos have made since inception seven months ago HAVE NOW HIT. THIS MEANS that there is a VERY HIGH PROBABILITY WE ARE RIGHT IN THE MIDDLE OF THE MARKET INFLECTION. So we are going to publish trade levels for all algos for direction up and down. If you are not a subscriber of a specific algo we cannot share detailed info about these algo calls (other than what is made public or is determined to be early beta for an algo). BUT OUR ROOM SUBSCRIBERS and DAILY MARKET NEWSLETTER subscribers will see the traditional charting we do and will be published (which is a precursor to and what we use to calculate the algo targets anyway). I say all of that just so that everybody is clear about how we do our reporting because we have received a number of inquiries the last 72 hours about this topic:) And frankly at inflection when the reverse trends occur that is the most important time in markets. So hopefully I explained that right.

So bottom line is today’s report is thin and starting Monday you will find the charting to become much more focused toward the upcoming moves in the market. 

Per yesterday:

Yesterday came and went and there was some time / price cycle changes in each algorithm as a result of the Fed speak so we are including algorithm subscribers in this newsletter distribution this morning because it will be a day or two until price action settles and machine prediction is such that the algo targets. algo lines, time and price cycles, and intra trading quadrants can be published.

The trading room had issue yesterday with intermittent internet (which is bizarre because we have the best you can buy and we are supposed to be in a jurisdiction that has one of the best internet connectivity in the world). Anyway, if this occurs today (as with yesterday) we will just keep signing back in with you guys. While I am writing this is an issue again.

The algos have been nailing targets so be sure to review their Twitter feeds and the Post Market Trading Results newsletter from yesterday that was published this morning.

As far as timing is concerned with the algos, we have them all ready (the last few laggards) so when things settle over next day or two they will all finally be published in complete detail. It’s been a long seven months of work 🙂

Current Holds:

$CBMX, $JUNO, $UWT (deep dive)

Market Outlook:

As mentioned above; all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out before Monday morning. WE SEE INFLECTION HERE – it may last a while – a pause – but it is either here right now or VERY VERY close.

Momo: $EVOK, $SHIP, $ESEA, $DCIX, $TIG

Petrobras signs $5B deal for Chinese financing, oil supply http://seekingalpha.com/news/3231083-petrobras-signs-5b-deal-chinese-financing-oil-supply?source=twitter_sa_factset … #premarket $PBR

MGM and Wynn rally after Goldman weighs in favorably on casino sector #premarket $MGM $LVS $BJK

S&P flat.

10-yr +0.26%.

Euro +0.44% vs. dollar.

Crude -0.61% to $50.59.

Gold +0.62% to $1,136.85.

If you are new to our trading service you should review recent blog posts and at minimum of our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter ans Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $EVOK $SHIP $ESEA $DCIX $TIG $CANF $SINO $HZNP $JBL $DRYS $TXMD $PES $TSL $MTL $GSL $SDRL I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $AKAO (momentum  play this week), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades:$REGN $POR $PEG $RPAI $WRE $VER $CLI $DRE $BRX $BRO $PAYX $ADP $HZNP $SAIA $AVB $GE $KSU $SLG $MAC $COR $ESS $CP $ERIC $CCE $BID $VEEV $BCRX $KO $CLX $KSU $XEC $RICE $OXY $TGB $CRR $PES $AXL  I will update before market open of refer to chat room notices.

(6) Downgrades: $DUK $PEGI $JWN $MRT $MPW $UDR $KIM $EPR $DEI $DCT $BDN $DRI $MSGN $CCP $SRC $SRC $ICLR $HP $NE $DO $RIG $ATW $DO $OII $TTI $HR $DOC $BXP $CPT $STOR $CDR $MRTN $KNX $HTLD $LSTR $CGI $WERN $RDC $FI $WTW $XEC $WLL $RSPP $CXO $CRZO $APA $SGMS $Q $PTEN I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

On Monday you will have charting levels for the up move, the down move and the sideways move. Price is stuck at resistance I alerted before the Fed.

Outlook:

As I wrote this week:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who know?

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

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

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

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

Outlook:

As I wrote this week:

Looking for possible record lows before Christmas.

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

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

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

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

As I wrote over and over again since July 2016 when our algo locked the math in:

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

THIS IS STILL SUPER BULLISH!!!

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

$USDJPY CHART IS NOT BROKEN! IT IS A BULL UNTIL IT IS NOT…

USDJPY Chart
USDJPY Bears were wrong. And will continue to be wrong until chart is broke. Aint broke.

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

Rosie the Gold Algo target call HIT!

 

 

Per recent posts:

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

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

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

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

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

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

Yesterday Silver tanked real hard! Good thing we’ve been sitting on our hands awaiting inflection point here.

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

My Plan for Trading Silver: same

Per previous;

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

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

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

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

We had a crazy set-up and trade execution in the room yesterday that I am hoping I get time to do a video on this weekend! Chart with entry and exit points is below.

Outlook:

Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second. We are looking toward Friday target now.

Trading Plan: I am in here on three entries – deep. Friday targets are above and below so this is a tough place.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Crude oil, 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

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

Per yesterday:

Hit resistance as I thought and alerted.

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

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

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

ON CLOSE WATCH!

Study:

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

If you are trading relying on our charting or algorithms as trade indicators you should read this recent article,

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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Pre-Market Newsletter Thurs Dec 15 $CBIO $BOSC $PIR $ATHN $USOIL $WTIC $GLD $GDX $SPY $SLV $DXY $UGAZ $VIX …

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , , ,

My Stock Trading Plan for Thursday Dec 15, 2016 in Chat room. $CBIO $BOSC $PIR $ATHN $USOIL, $WTI, $GOLD, $GLD, $GDX, $USD/JPY, $SPY, $SILVER, $SLV, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

This will be another quick report – with the recent OPEC volatility and Fed Speak volatility there is 100 times the work recalculating algorithmic models – so ya, best!

Yesterday came and went and there was some time / price cycle changes in each algorithm as a result of the Fed speak so we are including algorithm subscribers in this newsletter distribution this morning because it will be a day or two until price action settles and machine prediction is such that the algo targets. algo lines, time and price cycles, and intra trading quadrants can be published.

The trading room had issue yesterday with intermittent internet (which is bizarre because we have the best you can buy and we are supposed to be in a jurisdiction that has one of the best internet connectivity in the world). Anyway, if this occurs today (as with yesterday) we will just keep signing back in with you guys. While I am writing this is an issue again.

The algos have been nailing targets so be sure to review their Twitter feeds and the Post Market Trading Results newsletter from yesterday that was published this morning.

https://twitter.com/CompoundTrading/status/809345933947203584

As far as timing is concerned with the algos, we have them all ready (the last few laggards) so when things settle over next day or two they will all finally be published in complete detail. It’s been a long seven months of work 🙂

Current Holds:

$CBMX, $JUNO, $UWT

Market Outlook:

Rupert Murdoch’s Fox announces takeover for remainder of Sky. $FOXA up 3.5% #premarket.

Momentum: $CBIO $BOSC $PIR $ATHN

Gold $GLD and Miners $GDX:

From yesterday:

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

In over night trading the bottom of that quadrant call was touched – so be prepared for long trade signals. We will scream it from rooftop if it comes.

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

$VIX – now that we are other side of Fed this is not high on my watch list until between Christmas and Trump power transfer.

$NATGAS $NG_F has come off some from important resistance and lost the support I was watching. Now watching 3.34 support for action there and it is trading this morning at 3.44. This is on watch with me. Although we don’t have an algo to rely on as I’ve said.

$SPY

As I wrote yesterday:

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

$SPY in premarket s 225.88 which isn’t that far off and the chart is not broken (just need algo reset as I said) – so we will get you detailed charts soon for these resets.

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

As I wrote yesterday:

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

It did lose support in Fed speak volatility so the bearish indicators played out, however, it is still trading in upward channel which is still over all bullish – yet weaker with resistance overhead at yellow line.

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

If you are new to our trading service you should review recent blog posts and at minimum of our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. And you will notice quickly that the algos have been undeniably accurate on many time-frames (intra-day and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter ans Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $CBIO $BOSC $PIR $ATHN $DSLV $JDST $ARWR $DUST $ONVO $DGAZ $NMM $MDLZ $MTL $LLY $IDXG $KKR I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $AKAO (momentum Monday and Tuesday), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades:  $AMD $XLNX $OKS $MMP $UNVR $TEF $CVX $HEI $FLO $PFIE $ZTS $MA $V $DXCM $SWFT $RRC $KSU $HLT $CVGW $TCBI $ZION $FHN I will update before market open of refer to chat room notices.

(6) Downgrades: $BPL $TEGP $PSXP $NOG $PLXS $MIDD $MOH $GIS $VRX $BBG $ZBH $EAT $WY $ACRE $OKSB $HYH $NLY $AGNC $BXMT $ARI $STWD $GIS $LADR I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Outlook:

As I wrote yesterday:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who know?

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

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

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

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

Outlook: Looking for possible record lows before Christmas.

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

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

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

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

As I wrote over and over again since July 2016 when our algo locked the math in:

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

THIS IS STILL SUPER BULLISH!!!

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

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

Per recent posts:

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

Per yesterday:

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

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

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

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

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

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

AS I WROTE LONG AGO – IT WILL HOLD UP BETTER THAN GOLD BUT I TRADE IT LONG WITH GOLD LONG ANYWAY. A downtrend is a down no matter how you look at it.

My Plan for Trading Silver: same

Per previous;

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

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

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

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

Outlook:

Tuesday algo target at 4:30 hit and Wednesday 10:30 AM both targets hit to the cent and second. 

Per yesterday:

There are concerning indicators that could cause crude to visit the bottom of the upward trending channel – so I am watching close at the critical supports. Also waiting for Fed speak market reactions.

Trading Plan: I am in here and I will hammer down more if it gains a support and runs. Friday targets are above and below so this is a tough place.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

Per yesterday:

Hit resistance as I thought and alerted.

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

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

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

ON CLOSE WATCH!

Study:

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

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , ,

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

Welcome to the morning Wall Street trading day session!

Important Notices:

Fed speak Wed 2:00 PM EST.

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

Current Holds:

$CBMX, $JUNO

Market Outlook:

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

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

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

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

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

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

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

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

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

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

If you are new to our trading service you should review recent blog posts and at minimum of our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. And you will notice quickly that the algos have been undeniably accurate on many time-rames (intra-day and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades). A quick hour of review at most will bring you up to date.

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter ans Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $VCEL $OMAM $DWT $JNUG $SCO $LYG $ERY $MTL $NUGT $MDLZ $NVDA $SLV $DGAZ $BTI $STM $GDX $IAU I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $AKAO (momentum Monday and Tuesday), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

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

(6) Downgrades:$QCOM $PRTO $UHS $BRKR $FNBC $ARAY $AIRG $OLP $KALU $FPI $ICFI $ZAYO $AHH  I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Outlook:

In yesterday’s premarket (as I mentioned above) I wrote about resistance the algo alerted at 277.80. This is still in play FYI. However, the Fed will determine now naturally whether we trend up or down from where we are. My bias is up until new year BUT I WOULD BE READY because money could get caught offside. Who know?

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

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

$SPY, Chart, Member, Alert

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

Outlook: Looking for possible record lows before Christmas.

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

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

Per yesterday:

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

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

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

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

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

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

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

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

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

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

Per yesterday:

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

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

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

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

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

My Plan for Trading Silver:

Per previous;

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

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

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

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

Outlook:

Per yesterday:

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

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

Trading Plan: Waiting.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

Per yesterday:

Hit resistance as I thought and alerted.

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

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

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

Study:

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

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , , , , , ,

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

Welcome to the Monday Wall Street trading day session!

Important Notices:

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

Oil meetings happened and we have a new break out!

Current Holds:

$CBMX, $JUNO

Market Outlook:

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

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

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

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

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

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

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

I am also watching Tech and Retail.

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

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $AKAO, $WTI, $VNR, $SGY, $REXX $MTL $CIE $ORIG $SDRL $ATW $DNR $PACD $AVXL $UWT $DGAZ $EPE $MEMP I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $HMY (chart), $AKAO Announces Positive Results in Phase 3 cUTI and CRE Clinical Trials of Plazomicin, $DVAX upgrade to “buy” by Cowen and $45 PT,  $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

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

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

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Outlook: Hasn’t stopped – but the Fed is coming so you want to watch. As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

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

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

Outlook: Looking for possible record lows before Christmas.

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

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

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

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

 

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

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

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

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

$USD/JPY Per above.

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

Waiting for a long trade confirmation in Gold.

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

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

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

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

My Plan for Trading Silver:

Per previous;

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

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

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

 

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

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

Trading Plan: Oil equities:

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Oil Trading Chart
Oil Trading Chart

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

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

Study:

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

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , , , , ,

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

Welcome to the Thursday Wall Street trading short day session!

Important Notices:

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

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

Current Holds:

$CBMX, $JUNO

Market Outlook:

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

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

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

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

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

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

I am also watching Tech and Retail.

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

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

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $IDXG 63%, $AEM 46%, $TBIO 38%, $SWC 21%, $FGP 13%, $LVS $MBLX $FNSR $MPEL $WYNN $JCOM $AVGO $CCJ $SSH $BIIB $MGM I will update before market open or refer to chat room notices.

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

(3) Other Watch-List: $WYNN, $MPEL, $MGM, $LVS, $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

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

(6) Downgrades: I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Outlook: I was looking at a possible pull-back between now and Tuesday but that may not happen. As pre previous and our algorithm call before election…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

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

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

Outlook: Looking for possible record lows before Christmas.

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

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

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

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

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

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

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

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

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

$USD/JPY Per previous – Caution Gold bulls.

My Trading Plan for Gold:

Waiting for a long trade confirmation in Gold.

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

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

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

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

My Plan for Trading Silver:

Per previous;

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

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

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

Per previous:

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

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

Trading Plan: Oil equities:

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

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

Study:

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

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

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Pre-Market Newsletter Thursday Dec 8. $GOLD $GLD $SILVER $SLV $USOIL $WTIC $NATGAS $USD/JPY $SPY $VIX … more.

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , ,

My Stock Trading Plan for Thursday Dec 8, 2016 in Chatroom.  $CBMX, $JUNO, $GOLD, $GLD, $GDX, $SILVER, $SLV, $USOIL, $WTI, $USD/JPY, $SPY, $VIX, $NATGAS … more.

Welcome to the Thursday Wall Street trading short day session!

Important Notices

Lead Trader and Moderator / Software Engineer: Curtis and Sartaj are doing a number of media interviews between now and Dec 30 – today they have some to do so they will be intermittent in the room but will watch activity while in their interviews.

Price Increases: So we have had a few people now ask for the inaugral pricing on EPIC the algo (now that they know it includes his upcoming 24 hour futures trading room). Do me a favor if you’re already a member of one of our services get in on the pricing you are considering because the prices will regularly increase as the algos development. Just saying to be fair – it’s not like a normal trade room at a hundred bucks for a trade room – our proprietary algos wll go up in price for sure as I stated EPIC would in short order and I think it went from 199 month to 599 a month now (or maybe more I haven’t checked). Anyway… just thought I’d say it cause of the inquiries.

Algorithmic Charting and Trading Room: Some have asked us if we will continue to share algorithmic charting (such as EPIC’s) – the answer per the website is no – sure charting…. but necessarily the algorithmic charting. The charting in the room itself doesn’t do you much good anyway without the morning report from EPIC and various other things / notices we send our algo subs. So no, if you want the algo charting and the explanations etc they are a separate sub rate. The rate paid for the trading room is like any other trading room basic service – the algo charting shared at any given time is simply a bonus I suppose and will vary from algo to algo depending on where they are in development process.

Market Outlook:

Dips on $GOLD are being bought vs.selling the rips (so this by default plays in to $SILVER) $NATGAS has come off some from important resistance I alerted. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect (THERE WAS A DIRECT HIT ON HIS PREDICTED TARGET FROM LAST WEEK YESTERDAY) so machines have been on since mid November break-out (so this makes trading oil related easier for me) and $SPY has continued its upward trend as we posted predicts on since before election. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally). And that brings me to momo stocks and rotation therein, looks like a fun two weeks setting up here.

$GOLD, Chart

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $VYGR 29%, $TLRD 25%, $LULU 16%, $CTRV 15%, $NMM 9%, $AVXL 8%, $BPMX 7%, $IMNP, $PHMD, $TNXP, $BDSI, $NAVB, $EARS 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: $EEM (wow did I nail that call and didn’t trade it), $AGIO (recent wash-out), $SGY (recent swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

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

(6) Downgrades: I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

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

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

$SPY The Christmas Fibonacci Express. Keep Christmas Merry and don’t stand on the tracks

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

Outlook: Our algorithm alerted me to a buy signal yesterday and it was a good signal – I didn’t trade it though.

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

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

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

US Dollar may come off in to downtrend soon – seeing some areas of global markets that are becoming interesting here. Watch emerging markets close too!

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

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

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

$USD/JPY Caution Gold bulls – it isn’t broken and we’ve been telling our members all along. Our US Dollar algorithm has been hitting very consistently as has our Gold algorithm and we don’t think it’s time to go long Gold yet unless you do it as a tight trade because you will inevitably get some upside room here soon but we are concerned about a pull back and maybe even a lower level trade – look at Rosie the Algo Twitter feed if you don’t know what I am talking about.

My Trading Plan for Gold:

Waiting for a long trade confirmation in Gold.

 

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

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

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

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

My Plan for Trading Silver:

Per previous;

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

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

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

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

Outlook: Per previous – trading range.

Trading Plan: Oil equities.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

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

Study:

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Article Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS

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Pre-Market Newsletter Wednesday Dec 7. $NVCN $DRYS $NVAX $VKTX $GOLD $SILVER $USOIL $WTIC $USD/JPY $SPY $VIX … more.

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , , , ,

My Stock Trading Plan for Wednesday Dec 7, 2016 in Chatroom. $ECR, $NVCN, $NVAX, $VKTX, $DRYS, $SHIP, $CBMX, $JUNO, $GOLD, $SILVER, $USOIL, $WTI, $USD/JPY, $SPY, $VIX, $NATGAS … more.

Welcome to the Wednesday Wall Street trading short day session!

Market Outlook:

Dips on $GOLD are being bought vs.selling the rips (so this by default plays in to $SILVER) $NATGAS is playing wth important resistance. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect so machines have been on since Nov 30 break-out (so this makes trading oil related easier for me) and I’m not sure what $SPY has continued its upward trend as we posted predicts on since before election. Watching markets for a pull back (as noted previous) sometime near or just after Christmas (it seems we have a Santa Claus rally). And that brings me to momo stocks and rotation therein, looks like a fun two weeks setting up here.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and (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: $ECR, $ANTH, $IMNP, $PLAY, $NVCN, $UGAZ, $VKTX, $ENPH, $SQ, $WDC, $NCAX, $TXMD, $RIO, $VALE, $FCN, $MU, $PLX 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: $XGTI $NVAX (momo potential), $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).

From last night’s post market:

There are a tonne of set-ups in the market right now. Still on my watch are; emerging markets, $EEM, $LPCN, $DVAX, $DNAI and my buddy’s $SRPT.

(4) Regular Algo Charting Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades:$AV $RIO $BMO $EC $AZO $AVY $GPK $JNPR $MMM $PTEN $OIS $DFS $EVHC $MPC $CVRR $BWS $UNH $CAL $VALE I will update before market open of refer to chat room notices.

(6) Downgrades:$MGP $BHP $IEX $STFC $SIGM $OXM $HELE $MIK $K $VA $MPSX $LPX $BMS $ATR $NTAP $JBL $SYF $HUM $GLT $ALOG $AMCX I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

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

Outlook: As pre previous…. My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

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

$SPY The Christmas Fibonacci Express. Keep Christmas Merry and don’t stand on the tracks

$SPY, Stock, Chart
$SPY The Christmas Fibonacci Express.

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

Outlook: Was looking for an entry a full levels down 12.2 long 🙂 Watching very close now.

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

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

$VIX Early Christmas present perhaps?

$VIX Trading Chart
$VIX Early Christmas present perhaps?

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

US Dollar may come off in to downtrend soon – seeing some areas of global markets that are becoming interesting here. Watch emerging markets close too!

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

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

$DXY Here it is at the price target our algorithm posted last July. 100.50. Interesting.

$DXY, US Dollar Index, Chart
$DXY Here it is at the price target our algorithm posted last July. 100.50. Interesting.

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

$USD/JPY Caution Gold bulls. Not broken yet. Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

$USDJPY, Chart
$USD/JPY Caution Gold bulls. Not broken yet. Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

 

My Trading Plan for Gold:

Waiting for a long trade confirmation in Gold.

Price has hit the price target predict @RosietheAlgo published from last July and now waiting for bottom of algo quad confirmation to take a long position Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG).

GOLD, Stock, Chart
Hit price target predict @RosietheAlgo fr July waiting for algo quad confirm long. $Gold $GLD $UGLD, $DGLD $GDX $NUGT, $DUST, $JDST, $JNUG

Per previous;

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

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

$AUMN, Stock, Chart
$AUMN Bulls may be running ahead of the real move – we’ll see.

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

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

My Plan for Trading Silver:

Per previous;

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

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

$Silver Hit our algorithm PT from July and bounced. $SL_F $SLV $USLV, $DSLV @SuperNovaAlgo

$SILVER, $SL_F, $SLV, Stock, Chart
$Silver Hit our algorithm PT from July and bounced. $SL_F $SLV $USLV, $DSLV @SuperNovaAlgo

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

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

Outlook: Per previous – trading range.

Trading Plan: Oil equities.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

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

Resistance? $NG_F In Sept 09 it ran from this price base for seven weeks tho – 4 weeks now here. $UGAZ $DGAZ

$NG_F, Natural Gas, Chart
$NG_F

Study:

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

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Article Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS

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