Stock Trading Plan for Monday Feb 6, 2017 in Trading Chat room. $GALE, $NAKD, $PULM, $MYOS, $HAS – $OPXA $TRCH, $LGCY, $CBMX, $JUNO $DUST – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session!
Notices:
NA
Current Holds:
$OPXA, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO (all very small), $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).
General Market Outlook:
With Gold $GLD, Silver $SLV, Miners $GDX, Oil $WTI coming to areas of resistance, $DXY near support, will be a series of decisions soon.
With Gold $GLD, Silver $SLV, Miners $GDX, Oil $WTI coming to areas of resistance, $DXY near support, will be a series of decisions soon.
— Melonopoly (@curtmelonopoly) February 6, 2017
Morning Momo / News and Social Bits:
Momo Watch: $GALE, $NAKD, $PULM, $MYOS, $HAS
Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA
Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA https://t.co/J6WHPyXArd
— Melonopoly (@curtmelonopoly) February 4, 2017
Gallup US Consumer Spending
8:30 AM ET
Labor Market Conditions Index
10:00 AM ET
Patrick T. Harker Speaks
4:30 PM ET
Tyson Foods shares up some 7% premarket after earnings beat, raised guidance
Aratana says ENTYCE will not be commercially available until Q4; shares down 18% premarket http://seekingalpha.com/news/3240724-aratana-says-entyce-will-commercially-available-q4-shares-18-percent-premarket?source=feed_f … #premarket $PETX #sitif…
Aratana says ENTYCE will not be commercially available until Q4; shares down 18% premarket
Israel’s Delek offers $524M for Ithaca Energy http://seekingalpha.com/news/3240722-israels-delek-offers-524m-ithaca-energy?source=feed_f … #premarket $DGRLY $IACAF
Gallup US Consumer Spending averaged $88 in November http://seekingalpha.com/news/3240721-gallup-us-consumer-spending-averaged-88-november?source=feed_f … #premarket
Chipotle’s stock slumps 1.9% premarket after downbeat report in Barron’s
Hasbro’s stock jumps further, soars 11% premarket after Q4 results
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite 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: Gainers: $GALE, $NAKD, $PULM, $MYOS, $HAS $GLUU $CERU $COG $PERI $SDRL $JNUG $CNHI $GOLD $NUGT $DRYS $HMY
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: $ZAIS, $OPXA, $IMFI, $FNMA, $ASM
(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: $APO $COG $PRAH $TOT $TRUE $DRE $RRC $DAL $AAL $XOG $PGNX $FDX $CRR $CYTK $COG $XOG $DRE $X as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $VSTO $LGIH $CPN $PRXL $TIF $VR $LH $GALE $TIF $AN as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
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: $GALE, $NAKD, $PULM, $MYOS, $HAS, $OPXA, $CBMX, $JUNO, $DUST, $TRCH, $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F
