My Stock Trading Plan for Friday November 18, 2016 in Chatroom.

Welcome to the Friday Wall Street trading session!

Algo work – As of this Monday our new equipment will be up and running full steam so I’ve scheduled next week in the room (when market is quiet) for algo work – we’re running the algo updates now for $SPY, $USOIL $WTI, $VIX, $DXY, $GOLD, $SILVER – lots of updates coming for next week!

Market Outlook

The world markets in my opinion are at an inflection point. Sure the S&P 500 may go to all time highs and the US Dollar may really rocket and the various indices and international markets such as Japan will all fly high and even the metals will get curb-stomped. All of that I’ve been tweeting for months anyway in advance – so no surprise. The question is how to navigate it, trade the pull-backs and then really PROFIT on the other side of the inflection.

$GOLD and $SILVER are almost at our algorithm’s price targets – so I will be watching these closely. Japan’s stock market is in break-out mode with currency etc. S&P 500 $SPY is in mode to break new all time highs (I called prior to election), $VIX looks like it will be much lower (per our calls), $DXY US Dollar is in break-out mode (our algorithm nailed that with calls that extend back months ago) and $USOIL $WTI is sitting a new up range but not in break out (I am sure it is waiting for meetings to conclude).

I will say that our algorithm calls for Crude Oil, the US Dollar, S&P 500, Gold and Silver all took significant heat at the time they were made over the last few months. Interesting times – but our algorithms were right in every scenario – so that’s very positive, as such we’re releasing the initial charting of the algorithms over the next week.

On the small cap equity side…. shippers have run their course it seems and China low float issues got jiggy yesterday as I expected they would. This play book isn’t new. Low float oil could be next.

On the ETF / ETN side $UWTI $DWTI will be de-listed soon… so I will be looking to other instruments to trade crude oil. More to come on that soon.

So my plan in general is to watch for pull-backs and turns as the inflection points hit outside ranges. More detail below.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners Watch-List:  $HIBB, $KTOS, $GOLD, $FSLR, $AMAT, $PAAS, $SSRI, $RYAAY, $MU, $UGLD – I Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $SYUT 23%, $SMRT 16%, $DCIX 14%, $URRE 12%, $MRVL 11%, $DRYS $PIP $SHIP $FCEL $ESEA $SINO $GLBS $CRM $CBMX $UGAZ – I Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Indices: $IWM $RWM $TZA S&P 500 $SPY ATH, International: Japan Stocks $DBJP, Currencies: $DXY $UUP Break-out $USD/$JPY $FXY, Financials: $FAZ Inflection Point?

Other Watch-List(s): 

Regular 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)

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

Regular Trades:

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

My bias is still to all time highs, I will be looking for long positions on pull-backs. I see a run in Gold, miners and Silver soon then a pull back and then a big run.

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

I expect volatility at market inflection points and then continue to get crushed and I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

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

The US Dollar continues its rally so I’m looking at $UUP on pull-backs. Also looking at how the $USD/JPY relates to possible long in Japan with $DBJP.

I am also watching the Peso and Trump’s messaging… also watching $FXY and $USD/$JPY for clues with Gold and Miner’s.

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

For me Gold and Silver is going to be the big story soon. It should start to get some lift if only for a short time and that process may go on for a while – so I will snipe as that occurs. I have started to chew around the edges with tight trades but nothing yet. The idea is to get on the winning side of the reverse when it occurs. Watching $USD/$JPY close and $DXY and $FXY for clues on Gold and miners movements.

$GOLD

$GOLD 530 AM EST Nov 18, 2016

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

Silver: $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver – here again I will chew around the edges sniping until the reverse trend occurs.

$SILVER

$SILVER 548 AM November 18, 2016

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

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

First things first, $UWTI $DWTI are being de-listed (on Dec 9 I think?), anyway, that will cause me to choose a new instrument. I liked the idea of the 3x leveraged – I have a sneaking suspicion someone else will fill the void in short order anyway – but in meantime I’ll find other instruments. I really think the big story soon is going to be Gold and Silver anyway – so my bias is turning in that direction for daytrades anyway – but I’ll always trade oil.

In the short term we do have to be ready for rumors or even real news out of the oil meetings so I’m ready for that.

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: ($UGAZ, $DGAZ)

Natural gas… I’m not comfortable with at this time… I want a trade with at least 4 to 1 probability.. at least thats the plan – and with natural gas it seems hard to get better than 50 50 – but we’ll see.

Other Sectors, Indices, International Etc:

Watching $RWM Russell 2000 Short

Watching $SPY Long to All Time Highs

Watching Japan Stocks $DPJP

Watching Aluminum Long $FOIL

Study:

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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

 

 

 

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom


My Stock Trading Plan for Wednesday November 16, 2016 in Chatroom.

Welcome to the Wednesday Wall Street trading session!

Algo work – As of this Monday our new equipment will be up and running full steam so I’ve scheduled next week in the room (when market is quiet) for algo work – I was going to start this week, and did a tad… but quickly realized all the machines need to be tied in for that.

Market Outlook – So yesterday the market inflection point started and continued over night and so the next few days will be interesting – there are battles in every corner… we’ll see. So I’ve started to chew around the edges of the inflection with instruments like $GDX but nothing is where you can really bite down on and go with yet. Obviously there’s anomolies like the shippers of late – but that’s intra anomoly plays I’m not really interested in but won’t disregard – and I know they’re all buying Lamborghinis today… I know. Oh and oil got up over important resistance during trade yesterday but lost it overnight so I’m looking for the 200 day on the 1 hour as possible long entry.

Rate Hike?

Things that make you go hmmm…

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners Watch-List: $LOW Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List:  $SINO $OPTT $CRDS $CLLS $TOUR $SHIP $LPL $ESEA $TOPS $GOGL $NTNX $TGT $DCIX $YRD $SDRL Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Inflection points with currencies $USD/$JPY $FXY, Financials $FAZ, Indices $IWM $RWM $TZA and more. Volatility $TVIX $UVXY

Other Watch-List(s): Shippers: $DRYS $EGLE $SHIP $SINO $TOPS $GNRT Oil: $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY Financials: $FAZ

Regular 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)

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

Regular Trades:

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

My bias is still to all time highs – although it has struggled some and with this inflection point – it’s a wait and see – we may see a pullback here first. The US Dollar is going to cause issues IMO as will other global market / credit / bond and small cap issues and more over the horizon. In that, I see a run in Gold and Silver soon then a pull back and then a big run.

My trading plan with $SPY: I expect volatility could get some lift here at market inflection and then get crushed and I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

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

I am still expecting it to get crushed – but it will likely get some lift here with the market inflection and short term pull back I’m seeing short term in indices etc.

My trading plan for $VIX is obviously $TVIX $UVXY $XIV day trade snipes.

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

The US Dollar continues its rally at time of writing. I expect it to continue in its symmetry relative to last year before Christmas also. Anyway, my Twitter feed had me posting this run since early July. It should at least take a breather here. It is .2 cents off my price target.

May call from October 12, 2016 – Price Target Hit

Aug 3, 2016 I was tell the $DXY bulls they were going to have a good Christmas (our algo was launched in – house at that point and was hitting like mad – I was being a little cheeky).

I am also watching the Peso and Trump’s messaging… also watching $FXY and $USD/$JPY for clues with Gold and Miner’s.

$USD/JPY

$FXY

$TZA could get a bounce.

My trading plan with $DXY is that I’m sitting tight. WHEN IT DOES reach it’s full symmetrical extension I will look at plays for the downside. If $USD/$JPY comes off some I may look at Miner’s and I’m expecting Russell 2000 to come off a bit – BUT YOU NEVER KNOW.

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

My plan with Gold and the miners remains the same – patience. I have started to chew around the edges with tight trades but nothing yet. Watching $USD/$JPY close and $DXY and $FXY for clues on Gold and miners movements.

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

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

Silver $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver… I did try and take a $USLV trade on Monday as a tester but stopped out so I’ll continue to watch.

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

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

4:33 AM Update: EPIC the OIL Algo Blog Post Published.

If you are trading oil in the room be sure to always check EPIC the Oil Algo Twitter Feed for updates and recent reports etc.

Oil got up over resistance yesterday and lost it overnight (that thick blue line) – so I am hoping for the 200 day on the 1 Hour as a long entry.

In summary your trading ranges are as follows (as of 721 AM Nov 16, 2016):

Diagonal intra trend lines: Overhead Resistance 45.54. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance – Many. Support – Many but one of note at 44.56. Refer to chart. (purple lines).

Moving average: Support at 200 MA on the 1 HR. Intra is at 44.51 (this will change intra)

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

My plan trading oil is to take a long position in $UWTI at the 200 day on the 1 hour (pink line on chart) in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift then I will consider entering in size long with my large swing account.

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

Wowza

Other:

Natural Gas ($UGAZ, $DGAZ)

Thinking the air is getting a little thin up here for $IWM

Watching $RWM Russell 200 Short

Thinking Aluminum for some reason

Study:

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom


Updated 8:17 AM EST

My Stock Trading Plan for Tuesday November 15, 2016 in Chatroom.

Welcome to the Tuesday Wall Street trading session! The futures bulls are alive and well and oil traded positive!

Specific to starting with more advanced traditional charting and algorithmic charting… the current market conditions are not the best time to do that… but I’ve started with EPIC the Oil Algo posts to get us started and we’ll introduce more and more of our algo work over the coming days and weeks between now and end of November.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

8:03 EST

S&P +0.12%.

10-yr +0.2%.

Euro +0.27% vs. dollar.

Crude +2.86% to $44.56.

Gold +0.25% to $1,224.75.

Pre-market Decliners Watch-List: $TSRO, $CTRE Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $ESEA 74%, $SHIP 31%, $RPRX 15%, $AAP 14%, $TOPS $SINO $JD $PTN $UWTI $PWE $AAL $UCO $WLL $DAL $CHK $DNR $FCAU  Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): AirlinesShippers: $DRYS $EGLE $SHIP $SINO $TOPS $GNRT Oil: $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY Financials: $FAZ

Regular 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)

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

Regular Trades:

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

My bias is still to all time highs – although it has struggled some. The recent lift in oil may help. But I also expect considerable volatility during it’s run to ATH and/or shortly thereafter. The US Dollar is going to cause issues IMO as will other global market / credit / bond issues over the horizon. In that, I see a run in Gold and Silver soon.

My trading plan with $SPY: I expect volatility to get crushed and I will likely follow that trend with $XIV buys at range pivots / pending price action, volume and other geo events.

$SPY

$SPY 107 AM Nov 15

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar continues its rally at time of writing. I expect it to continue in its symmetry relative to last year before Christmas also. Anyway, my Twitter feed had me posting this run since late July and there is no reason now to think it’s over. When it is, it is.

I’m watching the Peso and Trump’s messaging… also watching $FXY for clues with Gold and Miner’s.

My trading plan with $DXY: I may take a long on $UUP if I can lock in a range that makes sense but other than that I’m sitting tight. WHEN IT DOES reach it’s full symmetrical extension I will look at plays for the downside.

$DXY US Dollar Index

$DXY US Dollar Index. 109 AM EST Nov 15, 2016

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

So yesterday I posted – and this is still my position.

“$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows.”

$VIX

$VIX Diagonal Trendline 112 AM Nov 15, 2016

My trading plan with $VIX (volatility) is to run with $XIV at edges of range (if I can catch them) using $VIX and $SPY trading action.

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

So I have been really patient here and I hope the train doesn’t leave with-out me. Tonight I’m working on oil small cap charting…. but it’s time to start on Gold, Miner and Silver small cap company charting now soon too IMO to get ready.

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

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

Silver $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver… I did try and take a $USLV trade on Monday as a tester but stopped out so I’ll continue to watch.

My trading plan with Silver: Wait for the buy trigger to hit. If it doesn’t reassess range then.

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

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

8:10 AM Update: EPIC the OIL Algo Blog Post Published.

If you are trading oil in the room be sure to always check EPIC the Oil Algo Twitter Feed for updates and recent reports etc.

Crude took off today in an uptrend and is about to test the 200 MA on the 1 HR. We’ll see how it handles that. Now that it is in an uptrend, and if it continues, within a few days EPIC the Oil Algo will have new alpha algo targets and alpha algo trend-lines for us.

In summary your trading ranges are as follows (as of 124 AM Nov 15, 2016):

Diagonal intra trend lines:  Resistance – 45.62. Supports – 43.16 / 42.77. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance – Many. Support – Many. Refer to chart. (purple lines).

Moving average: Resistance at 200 MA on the 1 HR. Intra is at 44.54 (this will change intra)

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

$USOIL, $WTI, OIL

Overhead Resistance Test Coming 200 Day on 1 Hour Chart (pink line). Crude algo intra work sheet 126 AM ET Nov 15, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Trader notes on oil.

My plan trading oil is to take a long position in $UWTI in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift then I will consider entering in size long with my large swing account,

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

Study:

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom


My Stock Trading Plan for Monday November 14, 2016 in Chatroom.

Welcome to the Monday trading session! The futures bulls are alive and well and it should be a good week!

Admittedly, there are rips in certain areas that concern me (like Copper and the US Dollar – too much too fast)… so it seems watch and see and run with the bulls when most logically limited risk. Oil hasn’t ripped yet and Gold and Silver are down. Natural Gas is still confusing me (watching). Bond pain wow, just wow. So be careful everywhere.

Additionally transports last week flying relative to S&P500 and Dow Jones Trucking index hit 52 week high, chemicals look like they’re going to rip, junk bonds last week highest level vs Treasury Bonds since Dec last year $HYG / $TLT, financials $XLF showed relative strength, Saudi Arabia was on a rip $TASI, private REIT market was wrecked, and value stocks vs growth stocks are in break-out $IWD $IWF.

Also as I write the $FTSE just opened and went on a straight rip vertical and US futures are strong.

Specific to starting with more advanced traditional charting and algorithmic charting… the current market conditions are not the best time to do that… but I’ve started with an EPIC the Oil Algo post last evening and we’ll introduce more and more of our algo work over the coming days and weeks between now and end of November.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre-market Decliners: $DVAX $RSO $MNKD $CETV $BRZU $DGAZ $JNUG $CXRX $NUGT

Pre-Market Gainers Watch-list: $CRBP $EBIO $OCUL $MENT $MTL $PTCT $MDCO

Misc. Watch-list: $ETE (Trump play? Chart), $FCX (Trump play ?), $VRX (Continuation?), $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (w / Gold and Silver break-out), $EPI (Chart).

Regular 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)

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

Regular Trades:

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

My bias is toward all time highs on the near horizon… in fact, I think a rip is any moment… a serious rip – I’ve been posting that since before the election on my Twitter feed.

Until we get confirmation of a break-out and trend I will avoid posting pivots / Fib levels and algorithm charting because futures at time of writing look like they are blowing through the upside anyway.

My trading plan with $SPY: I expect volatility to get crushed and I will likely follow that trend with $XIV buys at range pivots / pending price action, volume and other geo events.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar has ripped hard – my twitter post outlines main resistance – but it may blow through those like nothing… that is yet to be seen. Here again, when things settle some we’ll work with the standard charting pivots, Fib levels and algorithmic charting (hopefully sometime this week). For now it’s watch.

The Mexican Peso seems way over done to so I’m watching. And China has pegged lowest ever I think (have’t looked yet).

I’ll be watching $FXY for clues with Gold and Miner’s.

My trading plan with $DXY: I may take a long on $UUP if I can lock in a range that makes sense.

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

$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows.

My trading plan with $VIX (volatility) is to run with $XIV at edges of range (if I can catch them).

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

I have posted since the beginning of Oct that I expected an elevator down and posted buy triggers. It seems we’re almost there and a decision will have to be made if and when we get there. If we don’t get there I’ll see.

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

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

Silver $SLV ($USLV, $DSLV)

Same as with Gold, I am looking for one floor down and hope I get it.

My trading plan with Silver: Wait for the buy trigge to hit. If it doesn’t reassess range then.

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

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Epic the Oil Algo has published his first daily report – you can find his oil trading report here.

In summary (at time of writing at 1:39 AM ET) your trading ranges are as follows:

Diagonal trend lines:  Resistance 45.68. Support 43.11 / 42.85. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance 45.78. Support is 43.33 / 43.03 (purple lines).

Moving average: Resistance at 200 MA on the 1 HR.

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

Trader notes on oil.

My plan trading oil is to take a long position in $UWTI in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift (which I don’t expect until we get closer to the oil meetings – which by the way there is some news there) then I will consider entering in size long with my large swing account, HOWEVER, oil has not traded agressively for some time so this is not something I expect just yet.

Crude oil current trading range 42.85 – 45.78 (see chart).

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

The patience trick / discipline with crude is don’t go long unless you see those big volume spikes and preferrably some follow through. When the bulls and machines are in crude buying the dips you’ll know – and then it’s like a bank teller machine over and over. But it does go in cycles.

Study:

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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.3xetf.com/all/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom


My Stock Trading Plan for Friday November 11, 2016.

Welcome to the Friday trading session!

I am not going to repost our standard line-up of the US Dollar, Gold, Miners, Silver, Copper, Natural Gas, Oil, S & P 500 and Volatility because my position is the same as yesterday (refer to pre-market stock watchlist Thursday).

Momentum Stocks (Market open and Intra-Day)

I do trade morning momo stocks at times, but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Stock Watch-Lists

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

Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).

Pre-Market Gainers Watch-list: $PTCT $NVDA $MACK $JJC $RGSE $CWH $MACK $OMER $YANG $EDZ $BT $DGAZ $AMD $TVIX $DWTI $SRPT $UVXY $JNUG

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

Study

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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.3xetf.com/all/

Algorithmic trading / traditional charting trading starts Monday!

GL!

Curtis

 

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist


My Stock Trading Plan for Thursday November 10, 2016.

Election is Over!

Sorry, no premarket yesterday – but we did bank in the room and the alerts have been dead on.

Futures were strong as were/are world markets.

A few big things today… obvious lift in $SPY (and we’re banking on $XIV), my $THC swing I may exit soon, $HTZ should of held (it was a decent call), BASE METALS as I’ve posted on my feed will be strong mid term with infrastructure spending (Trump) and coal will be strong mid term likely.Copper is flying and shippers may take off here. Oh, and Natural Gas looks like it’s getting close to a buy zone. And as alerted tech and bio. Also, I missed the $NIKKEI snapback trade (which I wanted to catch just forgot – and yup it snapped back)

Many sectors are getting lift as we expected so it is important to stay in the zone – focus – nimble. Oil should be the story soon being it is bouncing under ceiling resistance on 200 on the 1 hr and bouncing up off 50 on the 1 hr.

 

Momentum Stocks (Market open and Intra)

I do trade them at times, but I avoid risk FYI. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre Market Watchlist: $TRP, $THC, $TPL, $WFT, $JJC #Copper, $AUMN, and more in chat b4 open.

If #Silver gets up over resistance and #Gold gets flight $AUMN can double fast.

$THX is up 6% or so in pre-market – so this swing is doing ok so far – I may exit this morning though.

$WFT I am watching for follow-thru.

Regular Watchlist: $GLD, $GDX, $SLV, FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), $SPY, $DXY, $VIX ($TVIX, $UVXY, $XIV), more to come in trading room before market open.

$SPY ($ES_F, $SPX)

Well I nailed that call… what can I say. We’re going to new highs. Next eight calendar days are critical. Stay awake.

Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

From Tuesday….

Some obvious plays here… if Hillary gets last minute bad news I’l scalp $TVIX or $UVXY. If election goes well for her the obviously $XIV would be a decent scalp or swing. If THE Donald wins… watch out lol… volatilty. But either way I think the market gets a lift (if Donald wins market likely does a mini Brexit then lifts). I win every-time here (seriously almost). Brexit, last Jan, last Sept and Oil have been huge bonuses to my accts in addition to compound trading program – so I see the election as a bonus.

So the $VIX is right at that diagonal trendline support – but you have to be careful putting too much consideration in to diagonal supports to beging with – but even moreso with the $VIX (it isn’t like a diagonal trendline with most equities).
$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

I missed the move in the Peso… had it lined up but you can’t get every play… WE SHOULD WATCH IT THOUGH for a bit of a snapback next week perhaps.

The US Dollar index is the only one I’m really watching – if it gets flight there’s a good play in $TZA. But other than that I’m not interested in playing China or Britain or any other currency related trades.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

The actual charting with the $DXY US Dollar isn’t broken at all… if you chekc my Twitter feed long before it got lift here I was telling folks what the algorithmic symmetry was saying… but many didn’t listen. This was an easy set-up IMO.

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI $XOP #OOTT #Algo)

Get your charting up and watch this close for a break-out. They have meetings coming up too.

Watch your 200 day on the 1 hour for resistance and 50 day on the 1 hour for support (and more recently this morning off the 100 for support) – either breach and that’s a tell. If I miss it in the room send me a DM on twitter or an email to [email protected]. Also watch the blue diagonal trendlines on the chart for resistance and support. And the purple horizontal supports and resistance. If crude gets above the 200 Day on the 1 hour and above the blue trendline above it and the purple resistance in that same area then it’s in break-out mode. DONT MISS IT AND DONT LET ME MISS IT LOL.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Obviously all base metals will be bullish, however, $GOLD is running in to some chart resistance that is wise to consider.

Silver – $SLV, $USLV, $DSLV

Pay attention to that 17.92 resistance – if #Silver can get up and over that on back-test it could fly. This would be my preferred play in the metals category. Also watch $AUMN if #SILVER gets up over 17.92. LETS NOT MISS THAT ONE EITHER.

Copper $JJC

Copper should cool soon here IMO and get some downdraft and then run again IMO.
Natural Gas – $NATGASUSD, $UGAZ, $DGAZ

Per previous…

I continue to watch per previous. I was expecting a floor down here (as with Gold and Silver not so much) and the downdraft this morning is significant (enough? not sure yet – ask me after election lol).

#NaturalGas IMO is almost at a floor, watch close!!! LETS CATCH THE TRAIN HERE TOO!

Good luck! And remember, we get in to nice predictable algorithmic trading / traditional charting trading with compound predictability starts Monday (we will just need to let trading settle in to its “natural mathematical state” for each intrument).

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… 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/

GL GL!

Curtis

 

Topics: Stockmarket, Pre Market, Trading Plan, Wallstreet, Stocks, Daytrading


My Stock Trading Plan for Tuesday November 8, 2016.

Election Day!

Two big things today… it is election day… but more importantly (for my trading at least)… EPIC the Oil Algo has locked in his math on time / price cycles and that means BIG TRADING coming there very soon (it’s exciting for me anyway – it means bank on top of bank cometh).

Premarket reports will not be detailed until after election.

As with recent… I’m sitting tight and trading scalps until after election – yesterday portfolio +3.5% increase and Friday +6.3% so that’s just fine for now.

Post election we will start on algorithmic trading main targets and trendlines and work with traditional indicators that I use for my trades with goal to compound accounts 10k to 1MM in 26 mos (however, as in last nights post market report, I may kick that up a notch to a 6 month curve – stay tuned).

So for now so detailed pre-market trade plan – after election however very detailed trading plans for each algorithm we have in development. Also, refer to pre and post market reports for last week or so if you wish to view my bias with any specific sector etc.

Momentum Stocks (Market open and Intra)

I explained my position on morning momo stocks in detail in yesterday’s premarket if you’re interested (bottom line they carry risk so I do trade them at times, but I avoid risk).

Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

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

Pre Market Watchlist: $VIX ($TVIX, $UVXY, $XIV) FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), more to come in trading room before market open.  

Markets Today – Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

Some obvious plays here… if Hillary gets last minute bad news I’l scalp $TVIX or $UVXY. If election goes well for her the obviously $XIV would be a decent scalp or swing. If THE Donald wins… watch out lol… volatitility. But either way I think the market gets a lift (if Donald wins market likely does a mini Brexit then lifts). I win everytime here (seriously almost). Brexit, last Jan, last Sept and Oil have been huge bonuses to my accts in addition to compound trading program – so I see the election as a bonus.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar index is the only one I’m really watching – if it gets flight there’s a good play in $TZA. But other than that I’m not interested in playing China or Britain or any other currency related trades until after election.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

$SPY ($ES_F, $SPX etc)

Per yesterday’s post… buy the blood in the streets and buy the over extended pivots and Fib levels (for those that don’t understand pivots and Fib levels – we will be getting in to those indicators and algo indicators after election in detail in the room).

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI $XOP #OOTT #Algo)

Per yesterday “There was a recent time / price cycle change. @EPICtheAlgo is expected to have updates on his Twitter prior to open.”

EPIC published algorithmic updates with alpha algo targets and time / price cycle terminations and traditional charting trendlines representing support and resistance! REVIEW THOSE POSTS IN DETAIL!!! This I have learned is critical. Yesterday’s trade I got that increased my small account portfolio 3.5% was all because I actually listened to the algo and took that trade yesterday.

EPIC expects a big move up or down before end of this Friday so BE SURE TO KNOW YOUR LINES!!!

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Per yesterday and last few weeks (I haven’t done much here because I rely on the algo targets and we don’t expect anything predictable until after election) “Gold, Miners, Silver I was looking for on floor down over last month per my posts and this now may do it. We will watch to election and then start putting out our algorithmic charting and traditional charting and trade it.”

Silver – $SLV, $USLV, $DSLV and Copper

As above.

Natural Gas – $UGAZ, $DGAZ

Watching for a snap back and how price handles a snap back. Risky still – until otherwise. 2.90 area looks critical to me.

I continue to watch per previous. I was expecting a floor down here (as with Gold and Silver not so much) and the downdraft this morning is significant (enough? not sure yet – ask me after election lol).

Good luck! And remember, we get in to nice predictable algorithmic trading / traditional charting trading with compoound predictability shortly after election (we will just need to let trading settle in to its “natural mathematical state” for each intrument).

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 super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups).

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

Curtis


My Stock Trading Plan for Monday November 7, 2016.

Election Trading

Premarket reports will not be detailed until after elextion.

I’m sitting tight and will trade scalps until after election. After election we will start on algorithmic trading main targets and trendlines and work with traditional indicators that I use for my trades. So for now I’m not going to get to detailed with pre-market trade plans but after election you will see very detailed trading plans for each algorithm we have in development.

Momentum Stocks

I will at times take first 30 min momo plays if and only if I think I can secure a stop that is tight and get immediate momentum on my side… I know a lot of rooms will take these plays regularly… but they aren’t normally my style because I want clear risk reward on my side and a predictable exit on my side. Compound trading works well if disciplined (and it mitigates unnecessary risk). Nonetheless, I watch morning momo plays not only for the first 30 mins but also, and more importantly, they are often the stocks I trade later in the day when they snap back after a downdraft or they continue to trend (I am looking for technical indicators such as a trending moving average, increased volume, continued trend, and more). 1 snap back or continued trend per day at 1% (or .20 cents on a 20.00 stock) over 26 months is 10k to 1.14 MM or it can be done in 6 months with 4 of these trades a day…. but it has to be low risk so you can execute stops or manual exits with-out stress and undo risk.

So just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time). These I continue to watch through the day for indicators that allow a trade.

Markets Today – Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

Well…. Hillary isn’t guilty they say… so everyone is happy… so we have a $VIX GAP DOWN of 12.5% at time of writing… which in my thinking is awesome… A $VIX in the 19’s is closer to the 13’s or 14’s I’d like to get an entry at and is much better than reaching for 22’s and 23’s… had I only held $XIV over weekend…. but I wasn’t prepared to take the risk… I want 1% a day for 10k to 1MM in 2 years… that’s it… simple… focus.

So the snap back I was all about last week is obviously here…. but I’d be careful with holds Monday and Tuesday night… you never know… things a fucky to say the least.

I’m looking for entries on either side of the range for scalps.. for me that’s it for now with $VIX.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

From last Thursday’s trading plan…

The US Dollar was close to a Fib at 97.07 earlier so this is an interesting watch for possible long in $UUP (long) and watching $UDN close (short a basket of currencies including British Pound).

Well… it got a little better downdraft than 97.07 and snap – back happened – overnight as I write it has snapped back from 96.89 – 97.70… I trade I should not have missed – I had it set-up.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

I will be watching other currency relationships also for Fib and Pivots and will post as opportunities / time arise.

$SPY ($ES_F, $SPX etc)

I don’t have much to say other than… there’s the snap back and remember to watch the pivots… same here… buy the blood in the streets and buy the over extended pivots and Fib levels (for those that don’t understand pivots and Fib levels – we will be getting in to those indicators after election in detail in the room).

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI #OOTT #Algo)

There was a recent time / price cycle change. @EPICtheAlgo is expected to have updates on his Twitter prior to open. Generally speaking it was in a downdraft near some support but at significant risk… but likely a tad over-sold.. and I see at time of writing it is up in over-night trading. I’d be very cautious though – but that’s just an opinion. We’ll see what EPIC’s calculations look like.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Gold, Miners, Silver I was looking for on floor down over last month per my posts and this now may do it. We will watch to election and then start putting out our algorithmic charting and traditional charting and trade it.

Silver – $SLV, $USLV, $DSLV

As above.

Natural Gas – $UGAZ, $DGAZ

I continue to watch per previous.

So it’s really all about our current rally, staying nimble through election and then on to charting and trading thereafter with detailed set-ups.

Good luck!

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 super-nova type plays… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups).

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

Curtis


My Stock Trading Plan for Thursday November 4, 2016.

Good morning Wall Street traders! The election is near, it Payroll day… and will the market continue to sell-off? Even more importantly… can I get to the pool before the rain comes – soooo beautiful during trading hours and then lightening thunder and rain right when I get there – EVERYDAY.

My trading plan today (like my post market report last night) will be very brief… both because we were up all night with equipment and software upgrades and because from now until the election not much has changed….

EXCEPT…

I pivoted late day to a contrarian play and put my money where my mouth is on it and took $XIV trades with BOTH my small day trade account and large swing account. I may or may not move in and out of that position! Stay nimble!

THE MARKET CAN STAY….. you know the rest.

Morning Momentum / Yesterday Gainers:

Prior to election I doubt I will take a morning momo play… after election yes most days I do… but morning momo is going to be a tough play IMO – that is was I have mostly sat on my hands in the morning.

IF YOU WANT TO BLOW UP YOUR ACCOUNT… MESS UP MORNING MOMO!!!

It is a bit early to post momo plays so I will post them as I see them of interest in the room and on my Twitter feed as time allows.

Anyway, from yesterday I am following:

$IQNT, $MPG, $TCCO, $EVI, $ENOC, $DRYS – Shippers and Twitter and others…

Crude Oil – FX $USOIL, $WTI | $USO $DWTI $UWTI $CL_F Etc….

EPIC the Oil Algo new algorithmic calculations are not published yet for the new price / time zone… I wouldn’t expect them until before market open Monday because the price has done NOTHING since it dropped in to it’s new zone… it did slice right through a target on Wed at 10:30 AM (red circles) and looks like it will do the same for today’s 1:00 PM algo target. You can see on the chart how the algos are trading up to the algo trendline (red dotted line) and it has done not much else – but it is UNDER that red dotted line – caution IMO.

Gold, Silver, Miners, Metals… ($JNUG, $JDST, $GDX, $NUGT, $DUST, $GLD, $SLV, $USLV etc…)

My position is intact… prior to election downdraft I was looking for downdraft (one) in Gold and Silver (if you go back to my posts you will see consistency there) and I also am prepared for Gold and Silver among others to take off… I am watching. Watch $FXY.

Natural Gas ($UGAZ, $DGAZ… etc)

No clue – no clue at all – it should be running. Just like silver should be IMO.

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

I think $VIX insurance was a tad over-done yesterday… but of course I have been wrong before – so I took a contrarian trade in $XIV and we’ll see. RR was good and I have room in my win rate to fail once in a while:)

US Dollar Index $DXY $UUP and $HYG, $TLT etc..

It is threatening support – I would be cautious. You never know what kind of manipulation is coming over next few trading days – I AM WATCHING IT like a hawk. The dollar, credit, $HYG, $TLT, $DXY, China $CNY and other currencies etc…. I am watching very close.

Twitter

This is such an interesting play for me now – I was interested until recently – but now I am ESPECIALLY with some big name tech companies TANKING.

In Summary… between now and the election it is all about being nimble for me.

The trade room could get really exciting or be the most boring few trading days on record!

Watch the room alerts and my Twitter feed for updates!

Good luck and stay blessed! And please… bank bank bank.

Curt

 

 


My Stock Trading Plan for Thursday November 3, 2016.

Good morning Wall Street traders! The election is near, we’re past FOMC, Facebook has turned face and Brexit… did it happen?

I got more than my 1% yesterday compound (goal is 1 – 3%) so I am happy. My trading plan is consistent with other posts this week – so please review them quick with the exception of any morning momentum stocks. So this will be short!

Momentum Stocks and Others

I am watching $FB Facebook close (because of the downdraft) and $IBB Biotech close (oversold).

I am also watching the British Pound with $GBB (long Pound to US Dollar) and $FXB.

$BMRN BioMarin Pharma has an upgrade at Deutsche I like so I will watch that.

Russell 2000 – This might really tank if Hillary wins so I am watching this close.

And watch my Twitter feed right before and during market open for any other momentum plays.

And of course our chat room will have them live.

$DXY – US Dollar

The US Dollar was close to a Fib at 97.07 earlier so this is an interesting watch for possible long in $UUP (long) and watching $UDN close (short a basket of currencies including British Pound).

Volatility and Metals

With the FOMC behind us, the election ahead and Brexit may not be an exit I’m still looking at volatility and metals – I still like $JNUG and will be watching close (for example – read last few days posts).

I took a late day trade in $TVIX yesterday that looks like will struggle today, but I will hold. I don’t think $VIX insurance buys are done and I don’t think volatility is near over.

Natural Gas

Still confuses me so I continue to watch for a bounce.

Crude Oil

Oil I was going to take a long swing in but haven’t – I’m waiting for things to settle there and EPIC the Oil Algo’s new algorithmic calculations (which we expect sometime before Monday open – could be as early as this morning). Each time there is a time / price cycle termination the new calculations can take 1 – 3 business days because the calculations are based on trading action in the new time cycle.

So if you have an interest in more in a more in depth idea of my plan this week please review previous posts this week and I am going to check in on EPIC the Oil Algo now and see if we can get an update.

See you in the room!

Curtis