My Stock Trading Plan for Thursday Dec 29, 2016 in Trading Chat room.   $FBIO $ETRM $CBK $SHLD $NAK $PBMD $GLD $GDX $NUGT $SLV $USLV $UWT, $DWT, $USOIL, $WTI, $GOLD, $USD/JPY, $SPY, $SILVER, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

REVIEW: 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 often be information in that report that is applicable to and not included in this premarket report. You will find the post market reports on our blog daily before this one is published.

Reporting Status: Another quickie guys and gals! Until all year-end algos are reset this week you can expect these premarket reports to be quick for now!

New Service Options: We now also offer a stand-alone trading room option now (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00.

New Service Options: EPIC the Oil Algo now has an Oil Report only option (vs. bundle w/ 24 hr trading room launching early 2017) at 199.00.

New Service Options: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Feature Post: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Room Settings: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

Current Holds:

$CBMX, $JUNO, $DUST(definitely looking for a way out on $DUST)

Market Outlook:

Today for me is all about metal equities (building list now) and ETF’s confirming and possible entries, watching volatility and the oil report (off a day because of holiday).

As mentioned previous, all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now (long term since July and short term) 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 Jan 2017 trade.

EPIC the Oil Algo results from yesterday – Called target zone hit 1030 AM Wed. Crude algo intra work sheet 410 AM Dec 29 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT

Crude, Oil, Algo, Target, Hit

Called target zone hit 1030 AM Wed. Crude algo intra work sheet 410 AM Dec 29 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT

Morning Momo / News Bits:

Momo  $FBIO $ETRM $CBK $SHLD $NAK $PBMD

Time to watch the metals close and crude is on the move again! $UWT $GLD, $GDX, $NUGT, $SLV, $USLV, $AUMN, $ASM, $GRL, $VGZ, $NAK

#FDA rejects $CEMP #solithromycin NDAs
$CEMP DOWN Premarket Cempra Receives Complete Response Letter From FDA For Solithromycin NDAs http://finance.yahoo.com/news/cempra-receives-complete-response-letter-115500254.html #antibiotics #pharma #biotech

Amazon wins patent for flying warehouse http://seekingalpha.com/news/3232751-amazon-wins-patent-flying-warehouse.

Cheniere Energy executes contract with BG Shell http://seekingalpha.com/news/3232754-cheniere-energy-executes-contract-bg-shell

Before the Bell
Sprint in spotlight; Toshiba tanks again; Russia braces for U.S. sanctions http://money.cnn.com/2016/12/29/investing/premarket-stocks-trading/index.html?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28CNNMoney%3A+Markets%29

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). . 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 (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 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: $FBIO $ETRM $CBK $SHLD $NAK $PBMD $SSL $JNUG $AU $NUGT $SDRL $AUY $NG $USLV $TAHO $RBS $NOK $NVS  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: $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)

NA

As I wrote last week:

I wrote about resistance the algo alerted at 227.80. 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 and last week:

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)

Per previous:

Watching $USDJPY now close for a top. Symmetry is in play on the chart, there is some divergence (although not broke) and metals are starting to front-run.

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 LISTENING 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!

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)

Per recent posts:

So we have started to see some action in Gold and Miners so it these are on high watch with me right now.

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, Miners, Silver Trade: $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

Silver $SI_F: $SLV ($USLV, $DSLV, $SILJ $SLX $EPU $EWZ)

Per previous;

Same with Gold and miners – on high watch.

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 Gold, Miners, Silver Trade: $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

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

Outlook:

Crude overnight is trading right below a major resistance.

Per Previous:

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 near miss and this week Tuesday 4:30 hit and Wednesday just in to target but not a perfect hit (very tradeable though). Friday targets on charting BUT BE CAUTIOUS WITH FRIDAY TARGETS.

Trading Plan: Watching.

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 Previous:

NA – I nailed the alerts in recent weeks with lift but didn’t trade t and don’t expect to anytime soon. Watching.

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).

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: $FBIO, $ETRM, $CBK, $SHLD, $NAK, $PBMD, $GLD, $GDX, $NUGT, $SLV, $USLV, $UWT, $USDJPY, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $DUST, $UWT, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGAS, $DWT, $SLV, $GLD, $DXY


My Stock Trading Plan for Wednesday Dec 28, 2016 in Trading Chat room.  $OCRX, $GALE, $RADA, $GGB, $ORIG, $CEMP, $BBL $GLD $GDX $NUGT $SLV $USLV $UWT $AUMN, $ASM, $GRL, $VGZ, $NAK $DWT, $USOIL, $WTI, $GOLD, $USD/JPY, $SPY, $SILVER, $SI_F, $VIX, $UVXY $TVIX $NG_F… more.

Welcome to the morning Wall Street trading day session!

Important Notices:

REVIEW: 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 often be information in that report that is applicable to and not included in this premarket report. You will find the post market reports on our blog daily before this one is published.

Reporting Status: Another quickie guys and gals! Until all year-end algos are reset this week you can expect these premarket reports to be quick for now!

New Service Options: We now also offer a stand-alone trading room option now (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00.

New Service Options: EPIC the Oil Algo now has an Oil Report only option (vs. bundle w/ 24 hr trading room launching early 2017) at 199.00.

New Service Options: Entry-Level trader one-on-one trade coaching and entry-level trade academy options now available in addition to intermediate / advanced trading academy and coaching.

Feature Post: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Room Settings: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

Current Holds:

$CBMX, $JUNO, $DUST(definitely looking for a way out on $DUST)

Market Outlook:

As mentioned previous, all algos (Oil, SPY, Gold, Silver, Dollar, VIX) have hit their targets now (long term since July and short term) so we are running calculation targets for all six algos for all time charting time-frames and expect these reports to start rolling out this week (Gold and oil out last night).

Morning Momo / News Bits:

Momo $OCRX, $GALE, $RADA, $GGB, $ORIG, $CEMP, $BBL $JDST $VALE $RIO $DGAZ $URA $YELP

8:55
Redbook Chain Store Sales

10:00
Pending Home Sales

11:30
2-Year FRN Auction

1:00 PM
5-Year Note Auction

Time to watch the metals close and crude is on the move again! $UWT $GLD, $GDX, $NUGT, $SLV, $USLV, $AUMN, $ASM, $GRL, $VGZ, $NAK

PREMARKET, Metals, Crude

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

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). 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 (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: Gainers: $OCRX, $RADA, $GGB, $ORIG, $CEMP, $BBL $JDST $VALE $RIO $DGAZ $URA $YELP   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: $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)

It’s looking like in futures overnight we’re going to get some lift Wednesday.

As I wrote last week:

I wrote about resistance the algo alerted at 227.80. 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 and last week:

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)

Watching $USDJPY now close for a top. Symmetry is in play on the chart, there is some divergence (although not broke) and metals are starting to front-run.

Per previous:

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 LISTENING 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!

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)

So we have started to see some action in Gold and Miners so it these are on high watch with me right now.

Per recent posts:

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, Miners, Silver Trade: $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

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

Same with Gold and miners – on high watch.

Per previous;

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 Gold, Miners, Silver Trade: $AUMN, $ASM, $GRL, $VGZ, $NAK – building more complete list now.

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

Outlook:

Crude overnight is trading right below a major resistance.

Per Previous:

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 near miss and this week Tuesday 4:30 hit and Wednesday just in to target but not a perfect hit (very tradeable though). Friday targets on charting BUT BE CAUTIOUS WITH FRIDAY TARGETS.

Trading Plan: Watching for a break to upside of resistance with volume for a long entry in $UWT today!

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 – I nailed the alerts in recent weeks with lift but didn’t trade t and don’t expect to anytime soon. Watching.

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).

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: $OCRX, $RADA, $GGB, $ORIG, $CEMP, $BBL, $GLD, $GDX, $NUGT, $SLV, $USLV, $UWT, $AUMN, $ASM, $GRL, $VGZ, $NAK, $USDJPY, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $JUNO, $DUST, $UWT, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGAS, $DWT, $SLV, $GLD, $DXY


Silver Trading Chart Update Nov 28 $SLV ($USLV, $DSLV) Chart and Algorithm Observations

November 29, 2016 SuperNova Silver Algo Charting Trading Report.

My name is SuperNova the Silver Algo. Welcome to my new Silver trade report. These reports will become more and more detailed as the days and weeks go forward. You can follow my intra day tweets here SuperNova Silver Algo Twitter Feed. IMPORTANT: Be sure to review my previous post on this blog (and my Twitter feed) as these posts are a micro part of the whole picture required to use my work for a trading edge.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of Silver.

Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.

My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review my algorithm development process.

My charting and alpha algo targets / algo trendlines are free to the public until Dec 1, 2016. After Dec 1, 2016 will only be made available to subscribers here.

Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will be given step by step training in all the information I use and all the advanced charting I produce on an intra-day basis.

Silver Trading Observations:

At time of writing Silver is trading at 16.54. Some thoughts that may help advance you trading edge;

$SILVER, Chart

$SILVER intra-day 16.54. $SLV $USLV $DSLV

$SILVER, chart

Above 618 FIb still on 1 day. $SILVER intra-day algo chart worksheet 607 AM Nov 29 $SLV $USLV $DSLV

Watch these fibonacci levels on the 1 day – they will give you a trading range.

$SILVER, chart

20 50 100 200 MA still not aligned for break-out on 15 min. $SILVER intra-day algo chart worksheet 612 AM Nov 29 $SLV $USLV $DSLV

Taking a trade long until these are lined up isn’t a great idea.

$SILVER, chart

Price over algo price target. Waiting for trade trigger. $SILVER intra-day algo chart worksheet 612 AM Nov 29 $SLV $USLV $DSLV

Price – Trigger – Trade. If you don’t know what this means you need to do some study. Google. Wait for your trigger before you trade it follks! I will help you with levels and algo targets but I can’t teach everyone the basics. Not trying to be cheeky – just fact. You shouldn’t be trading with-out the basic 101 price, trigger trade knowledge in place. Comments as a result of a number of people recently telling me they don’t understand the charting. If you want to understand the charting and actually profit trading you need the basics first. $STUDY.

$SILVER, chart

Intra-day Fib levels to watch. $SILVER intra-day algo chart worksheet 627 AM Nov 29 $SLV $USLV $DSLV

For the snipers…. here’s your levels intra – but respect the above warnings please.

Indicators:

As I explained above, my Silver algorithm is a mash-up of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This “mash-up” is how we establish the probability of specific targets hitting (we call them alpha algo targets).

Starting early December we will be introducing these indicators in to our trading room to assist our traders with using these indicators to advance their edge (beyond my standard charting you see in this post). We will also work with intra-day quadrants for the intra-day snipes.

Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes

We won’t be publishing alpha algo targets and algo trend-lines for my algo and the four others that have not yet until our trading room is private to subscribers only on Dec 1, 2016. We have proven our algorithms through the transparent development of EPIC the OIL algo and all five other algos have consistently nailed their targets. So subscribers can look forward to the targets (as you have seen us publish regularly for EPIC the Oil Algo – if you aren’t aware check out his Twitter feed and 92% win rate).

Good luck with your trades and look forward to seeing you in the room!

SuperNova Silver Algo

Article Topics: SuperNova Silver Algo, Commodities, Stocks, Wallstreet, Trading, Chatroom, Silver, Chart, Fibonacci, Indicators, Algorithms, $SILVER, $SLV, $USLV, $DSLV


Silver Trading Chart Update Nov 28 $SLV ($USLV, $DSLV) Chart and Algorithm Observations

November 28, 2016 SuperNova Silver Algo Charting Trading Report.

My name is SuperNova the Silver Algo. Welcome to my new Silver trade report. These reports will become more and more detailed as the days and weeks go forward. You can follow my intra day tweets here SuperNova Silver Algo Twitter Feed.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of Silver.

Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.

My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review my algorithm development process.

My charting and alpha algo targets / algo trendlines are free to the public until Dec 1, 2016. After Dec 1, 2016 will only be made available to subscribers here.

Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will be given step by step training in all the information I use and all the advanced charting I produce on an intra-day basis.

Silver Trading Observations:

At time of writing Silver is trading at 16.67. Some thoughts that may help advance you trading edge;

$SILVER

$SILVER intra-day price. $SLV $USLV $DSLV

First Some Review to Understand Context of My Algo and Charting:

$SILVER @SuperNovaAlgo nailed price target posted last fee months on Silver! $SLV $USLV $DSLV Algos dialing in nicely.

Silver – Grey bar on chart shows price target we published at arrow. ($USLV, )

Silver – On the 5 min you can see clearly how price action came right in to our price target. ($USLV, )

Silver – Here’s what happened last time 20 50 100 200 on 15 lined up. ($USLV, )

$SILVER Bounced off algo price target and FIB key level. $SLV $USLV $DSLV

$SILVER 20 MA has crossed 50 MA on 15 min (see previous post on 20 50 100 200 on 15 min). $SLV $USLV $DSLV

$SILVER Has to defend the key Fib level and 20 50 100 200 on 15 min have to line up for break-out. $SLV $USLV $DSLV

Indicators:

As I explained above, my Silver algorithm is a mash-up of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This “mash-up” is how we establish the probability of specific targets hitting (we call them alpha algo targets).

Starting early December we will be introducing these indicators in to our trading room to assist our traders with using these indicators to advance their edge (beyond my standard charting you see in this post). We will also work with intra-day quadrants for the intra-day snipes.

Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes

We won’t be publishing alpha algo targets and algo trend-lines for my algo and the four others that have not yet until our trading room is private to subscribers only on Dec 1, 2016. We have proven our algorithms through the transparent development of EPIC the OIL algo and all five other algos have consistently nailed their targets. So subscribers can look forward to the targets (as you have seen us publish regularly for EPIC the Oil Algo – if you aren’t aware check out his Twitter feed and 92% win rate).

Good luck with your trades and look forward to seeing you in the room!

SuperNova Silver Algo

 

Article Topics: Commodities, Stocks, Wallstreet, Trading, Chatroom, Silver, Chart, Algorithms, $SILVER, $SLV, $USLV, $DSLV

 


Review of my Chat Room Stock Day Trades for Monday Nov 14, 2016. $THC, $FAZ, $USLV, $USOIL, #OIL, $UWTI, $XIV, $DRYS and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective of Chart Room, Trades and Alerts: 

I’m really pleased with the first two weeks in our beta start-up chat room. There’s some good peeps, it’s a smaller group for now but that’s good – it allows for more chatter than you could have with a larger room (which is good in this instance – so if you’re attending our room please feel free to communicate your views in the room – when there’s more in the room we’ll just scale back as needed). Much of the activity you don’t see in the transcript below because of course the charts are visual and the broadcast is by voice… but it’s going well and some of the group are getting involved and we’re starting to build on some momo here. And the market’s starting to cooperate:)

So from Friday my lessons were:

The reality is some basic disciplines went out the window. Simple stuff like trade the width or in other words the pivots (the range)… but trade them with price and volume momentum. Simple… simple… stuff. Money is made intra trading the outside ranges with price movement with volume momentum and cut quick if wrong. Really simple. So simple it seems we can find ourselves forgetting that. But truth is just that will get you 60 – 70% success ratio in my experience. So in short…. it doesn’t matter if there was a pull-back or the bonds or what the reason is… if you don’t trade the outside range when you have price confirmation (movement in the right direction) along with volume then YOU SHOULD NOT TRADE – IT IS A GAMBLE – pure and simple.

And guess what! I actually corrected these issues – it helped the market was more predictable too – but I did execute the simple rules I was not respecting on Friday. I cut faster, I protected equity, I didn’t get the run-ups you would normally expect – but I protected equity.

THE BIG PLAYS OF THE DAY for me were

  1. $THC – The exit of 4/5 s of my $THC swing from my large swing account. This type of play (which also went well with $HTZ) is a simple play – and I far too often forget to utilize it. In short the play works like this: A) You simply wait for an equity to have a premarket downdraft due to something like poor earnings or whatever. B) It needs to be an equity that you know has managed money in it and preferrably one that you know managed money will buy on the downdraft. C) Take your entry after market open when there is increasing volume (preferably before they run it up) D) Hopefully you time your entry so that you get lift quick and can set your stop and then just put your feet up and babysit it until it gets desired target based on chart (typically gap fill over a week or so). Of course it’s more complicated than that… but those are the basics – one of my most successful swing trading set-ups. And I hate to put it on the team in the room – but if you see that I’m not paying attention to this play in the mornings please please let me know if you see any equities that fit this formula!
  2. Both $SPY and $USOIL $WTI started to respond to dips and price action more normal like. What I mean by this in short (for example) is oil… oil at it’s outside range (pivots or support) should respond to buying price action – but oil has been dead for many days… today though it responded and tonight it’s alive in futures – so this is big news (being that I hit 97% of my oil entries (using the leveraged ETN $UWTI) and my total average with all plays (in small scalp compound accout and large swing account is 80% so oil is VERY IMPORTANT to my trading). And $SPY… well it started to respond properly too… I use $XIV which I know isn’t a direct correlation but I use that leveraged $ETN in such a way that I take advantage of a beatin down $VIX when $SPY gets on a rip. And being that I can compound an account 1% a day just with this simple afternoon $XIV play daily it is very important. NOW…. in both instances (especially $SPY) the response (price action and volume) wasn’t completely back to its normal state… but it was much, much better.
  3. The big trade I missed was shippers last few days (was on it with it on the watchlist I posted to the trading room yesterday – I just didn’t take it) . 08:53 am Curtis Melonopoly : 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).

For me… I’m just pumped because oil is on a rip now in futures so it’s alive now and when that happens me and my little friend EPIC the Oil Algo bank. So the coming days here should be very good fishing!

DO NOT MISS THE MORNING NEWSLETTER!!!! OIL IS ALIVE!

Chatroom Transcript:

08:57 am Curtis M : Good morning! Running Scans c u before open!
09:24 am Curtis M : Momentum Open Watch: $CRBP $HAR $EBIO $OBCI $TWER and more.
09:24 am Curtis M : Crude hit support and bounced
09:28 am Curtis M : Oil Gold Silver ETE CRBP
09:34 am Curtis Melonopoly : Scanning be right back
09:42 am GSCT . : Can you turn up your volume? You’re way low for me.
09:47 am Curtis Melonopoly : LOng $XIV short leash
09:57 am Curtis M : OUt small gain looking for re’entry $XIV
10:19 am susan w : Curtis, are you still silent? Haven’t heard anything much since the open. Thanks
10:20 am susan w : ok, heard you. Thanks
10:26 am Curtis M : Going to go see what´s shaking here with $VIX and run some scans and set up for some charting and algo plays and afternoon plays….
10:31 am Curtis M : Yeild curve is flatening some… some.. so bulls may run today and tomorrow but in to Wed looks suspicious…. anyway should be a pull back coming over next 72 hours and then w´ll see
10:31 am Curtis M : going to run some scans
10:31 am Curtis M : back in 20
11:00 am Curtis M : Long $FAZ small account
11:00 am GSCT . : Think /CL tests LOD here?
11:00 am Curtis M : It may waiting
11:03 am Curtis M : Fill $FAZ 25.76 Long Small Account
11:07 am GSCT . : DWTI 91.86 -92.96 +1%
11:17 am Curtis M : Look for the miners to perk up
11:30 am Curtis M : Oil has to regain support above purple line
11:34 am Curtis M : Going for early lunch going to prep for afternoon and some algo work in the room
11:35 am Curtis M : Back in half an hour ‘ holding $FAZ
11:38 am Curtis M : Ok set stop for lunch on $FAZ 25.30 lol catcha mid lunch hour
12:03 pm Curtis M : $NUGT got it´s pop like I thought it would but $FAZ didn´t
12:23 pm Curtis M : resetting charts back in 10 for afternoon
12:27 pm Curtis M : Okay so I nailed that $NUGT turn around so hopefully $FAZ hits here soon
12:28 pm Curtis M : Missed a few of the momos this morning but after late last week I thought best to take it easy on step at a time
12:31 pm Curtis M : scanning… back in a few
12:34 pm Curtis M : Ok so $FAZ has a bounce
12:36 pm Curtis M : My $FAZ got a bounce and $THC swing having a good day!
12:40 pm susan w : Curtis – how about USLV?
12:42 pm Curtis M : We can cover gold and silver soon here
12:43 pm Curtis M : Looking for exit on $THC swing here
12:45 pm Curtis M : Out $THC on a really decent swing account gain! 16.62 scaling out now
12:49 pm Mathew W : THC BULLISH WISEGUY ACTION: Jan17 23.0 CALLS $23k BET OPENING MULTI SWEEP THC=16.43 Ref 0.6x Usual Vol
12:49 pm Curtis M : $FAZ out small gain, $XIV snall gain earlier, $THC out 2/5 s
12:51 pm Curtis M : Out 4 / 5 of $THC holding 1 / 5 on further swing
12:54 pm Curtis M : Back in 2 mins looking at Silver quick
01:01 pm susan w : Because JNUG was moving and was thinking silver would move soon since miners were moving
01:03 pm susan w : AUMN green too Curtis
01:03 pm Curtis M : nice lol
01:05 pm susan w : My goodnes, IONS went crazy
01:08 pm Curtis M : yes lol watched $IONS
01:08 pm Mathew W : Oil getting a boost ehre as well finally
01:08 pm Mathew W : bounced off of the 61.8 fib perfectly
01:08 pm Curtis M : Long 600 shares $USLV 14.14 small account
01:15 pm Curtis M : $USLV out at 14.06 protecting small account will look for re enter 48.00 loss ish
01:16 pm Curtis M : Running scans be right back
01:25 pm Curtis Melonopoly : Back in 5 calling a few oil traders and back to review oil algo
01:46 pm Curtis M : Long $UWTI 16.83 700 shares small account
01:47 pm Mathew W : 43.53 next res on /cl
02:07 pm susan w : curtis, AUMN jumpy
02:22 pm GSCT . : Scalped $UWTI 17.10 – 17.19
02:22 pm GSCT . : Early but needed to take some profit
02:23 pm Curtis M : Nice!
02:23 pm GSCT . : Thanks. Very hard to exit with Limit orders on Oil.
02:23 pm GSCT . : Will use pre-set sells. Or what do you recommend?
02:30 pm Curtis M : Out 16.89 small acount $UWTI small win Beers and hotdogs
02:32 pm GSCT . : Thanks!
02:34 pm Curtis M : Back in 10 or so for one more today hopefully ‘… really pumped that oil got positive.. watch red algo line
02:49 pm Curtis M : Long $XIV 38.72 small account 400 share taking trades around possible turn around and will size in with swing account if confirmed
02:50 pm GSCT . : /CL ramping a bit ehre
02:51 pm GSCT . : And Gold aftesr a new bottom shortly Curtis?
02:51 pm GSCT . : after
02:52 pm GSCT . : DRYS Jesus.
02:56 pm GSCT . : Don’t see a ton of upside XIV here
02:57 pm GSCT . : Bring it
03:02 pm GSCT . : Great call Curtis.
03:05 pm GSCT . : 500 shares?
03:06 pm Curtis M : $XIV out 38.91 small gain its a start 400 shares small account
03:06 pm GSCT . : WOuld like to learn more about elasric band effect a we go along here.
03:08 pm GSCT . : HTZ was wicked.
03:11 pm GSCT . : How long has the market been off cycle? 3 months? 6?
03:13 pm Mathew W : Got stopped out of my $REN position earlier.
03:13 pm Mathew W : Hate that
03:16 pm GSCT . : How long has the market been abnormal to what you like to see is what I meant.
03:23 pm GSCT . : Thanks for the great calls today Curtis.
03:24 pm Curtis M : Have a great night!
03:24 pm Edward J : Thanks Curtis
03:24 pm Curtis M : Watch newsletter in premarket really close in morning for confirmation of oil rally, SPY rally and VIX stomp…. and then if so we´ll pivot to metals when that´s done.
03:24 pm Curtis M : You bet take care
03:46 pm Curtis M : Wow still selling in to strength no confidence to hold
03:57 pm Curtis M : Oil may go on a rip tonight and many short squeezes in small cap oil tomorrow if it does

Best and stay blessed.

Curt

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results


Review of my Chat Room Stock Day Trades for Monday Nov 7, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat is deleted for this post) .

Chat trade room is also video recorded daily for trade evidence (also in permanent archive – I’ll start sharing videos soon – just one more thing on the to-do list lol).

In addition to chat (per below), this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades

Today was a very frustrating day!!! I didn’t want to stress on it while in chat room but my exchange data problem from ICE (see post earlier) almost sent me over the edge because of course I thought IN PART it was our fault or something… so we ran test after test on our software and hardware almost until 2 PM lol!!! Then, we find out it wasn’t our problem at all ha ha ha.

WHICH, that reminds me…. we have so much to do around here getting set-up that I can’t say exactly when this is going to start but I am going to test my ability to compound small accounts and shoot for either a 3 month or more likely a 6 month 10k to 1.14 MM compound on a small account – we just need a few days to form our plan and then we’ll start posting daily on it. 6 months BTW would be about 4 times as fast so instead of 1% per day that would be 4% per day compound (or 4 successful 1% trades per day and with 1 or 2 not working that’s basically a trade an hour – NOT EASY BUT POSSIBLE). If you are wondering what this “compound stock trading” is and how my goal is to take 10k accounts from 10k to 1MM in 26 months or less follow the link.

Chat Room Log / Trades

09:18 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $CTB $WATT
09:22 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $LC $TROV

Above was my morning watchlist for morning momo plays… I try to get them out sooner but the stocks develop as the morning progresses… anyway, the reason I am commenting on this is that over time we will have a much more comprehensive pre-market session for prep for these plays… it isn’t our current core, but we will have this developed over next few months.

09:22 am Curtis Melonopoly : Watching market open for momentum stocks.
09:23 am Curtis Melonopoly : Trading view charting lag is actually from tradingview itself this morning – they say it will be fixed soon. There is a notice on each chart when loading.
09:24 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $TXMD $LC
09:29 am Curtis Melonopoly : Here we go – strap in – GL!
09:34 am Curtis Melonopoly : Watching oil for a bounce and momos right now
09:37 am Curtis Melonopoly : Looking at $UWTI long

I had the FX: $USOIL $WTI play pegged early in day because I knew the market was in bull mode and oil has been depressed – so in other words it had a catalyst and I have indicators and technical tooling most traders don’t… so I just need it to move (up or down).
09:37 am Curtis Melonopoly : That alpha algo TL line (red) is in play
09:45 am Curtis Melonopoly : No morning momos for me this morning.

There actually were some morning momentum stocks I likely would have entered (especially as the morning progressed – but the charts and my tilting because of it left me no logical option – trading while tilted is not good).
09:46 am Curtis Melonopoly : Watching for standard play in oil, Gold, silver, VIX, SPY or continued momentum’s – back in a few mins.
09:51 am Curtis Melonopoly : Watching oil for bounce for entry…. not convinced
09:52 am Curtis Melonopoly : Also watching for follow-through with some gainers and momentum’s https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
09:54 am Curtis Melonopoly : So I’m going to contact a few larger oil traders I know and see what they see the oil market doing over next 48 hours – back in 10 or so – I don’t like where it bounced here or the volume
10:03 am Curtis Melonopoly : Here’s crude oil first test to upside
10:04 am Curtis Melonopoly : Very weak – but it can go
10:04 am Curtis Melonopoly : So here comes support test
10:05 am Curtis Melonopoly : Thin purple line is traditional support trend line and red algo TL
10:11 am Curtis Melonopoly : On phone with oil trader I know… back in 15 min at most.
10:12 am Curtis Melonopoly : Upper arrow upside potential intra, lower arrow is low potential intra and mid arrow algo line – tough play mid range with oil
10:31 am george d : Curtis almost done calls back in 5 …
10:37 am Curtis Melonopoly : No conviction in oil buying… only way I can take a trade long is at the lower diagonal trendline (blue)
10:38 am Curtis Melonopoly : So I will set alarms for oil and then look at trending stocks intra for entries
10:38 am susan woo : Curtis, how do your gold/silver/miners algo look?
10:39 am susan woo : I recall you saying you were interested in AUMN last week
10:39 am susan woo : Tnanks:)
10:41 am Curtis Melonopoly : Hey Susan… sory about not seeing your question last week… my pre and post newsletters kind of touch on it… we’re waiting for election… without election consideration I was looking for downdraft then long… tough call till election – Hillary Trump war unpredictable
10:41 am Curtis Melonopoly : Ok going to look at trending intra stocks for entries – back soon
11:09 am Curtis Melonopoly : A lot of chasing here… still running screens… likely won’t be in any plays until lunch / afternoon session with trending solid indicators only for now.
11:13 am Curtis Melonopoly : Guys and gals… if you’re concerned with public posts be sure you sign in anonymous – like now lol – it’s a public room
11:14 am Curtis Melonopoly : So I’m running screeners on trending stocks for afternoon session. Also checking our algos for Oil, Gold, Silver, VIX, SPY for aft session.
11:24 am Mathew Waterfall : Just popped in to say I’m all out of those VXX puts. Worked very nicely holding over the weekend. Reloading a bit in JNUG and GDX calls that I got out of last week for another pop. Won’t trade much between now and Wednesday with clown show going on
11:28 am Mathew Waterfall : Also to note, interesting call spread options in GLD for those looking for a play there. Calls are pretty juiced on the high end making spreads attractive
11:32 am Curtis Melonopoly : Watching $FCX, $TWTR (rumors again), $DRNA, $IMPV, Crude for 43.40 ish $UWTI entry, $VIX , and rumors with NATO re: Russia… still running scans for afternoon
11:33 am Curtis Melonopoly : Grabbing quick lunch back in 30 to get some wins in bag
12:25 pm Curtis Melonopoly : $VIX starting to curl up
12:34 pm Mathew Waterfall : Wouldn’t be surprised to see a pullback here. This is a lot of short covering to me and looks to have stalled a bit. Went flat on my /ES plays
12:39 pm Curtis Melonopoly : Ok back from lunch – running scans for aft plays
01:02 pm Curtis Melonopoly : SO… tradingview.com experiencing data issues today from exchanges – we get ours fixed and theirs goes stupid lol – so I’m on stockcharts.com for the remainder of day – not ideal to say the least
01:10 pm Mathew Waterfall : So much noise today. I’m closing positions from this point I think. Got out of $USLV early but that’s what I get for being cautious
01:15 pm Curtis Melonopoly : Looking at $UUP for possible long pending chart
01:18 pm Curtis Melonopoly : Looking at $UUP (not sure if that alert posted)
01:18 pm Curtis Melonopoly : Ah yes it did lol
01:27 pm Curtis Melonopoly : Waiting for a decision on dollar, VIX and some other indicators before I start trading longs in market – chicken today
01:38 pm Curtis Melonopoly : Looking at $NUGT for a pullback and intra entry but… it could b too late
01:39 pm Mathew Waterfall : GDX and GLD seeing lots of love today, might not get another huge pullback in the miners
01:39 pm Mathew Waterfall : GDX BULLISH WISEGUY ACTION: Fri 11/11 24.5 CALLS (Wkly) $83k BET SWEEP / OPENING MULTI SWEEP GDX=24.01 Ref 1.1x Usual Vo
01:43 pm Curtis Melonopoly : Long $UWTI
01:48 pm Curtis Melonopoly : Filled at 18.20 in small account $UWTI
01:51 pm Curtis Melonopoly : 18.40 target in $UWTI but i
01:51 pm Curtis Melonopoly : I’m holding for a pull back and run
01:52 pm Curtis Melonopoly : Looking at a strong pit close play – hoping for 2 – 3%
01:54 pm Mathew Waterfall : Lots of sellers coming in >44.57 in /CL
01:54 pm Mathew Waterfall : Those need to get eaten up
01:57 pm Curtis Melonopoly : So 44.70 is my test area but I’m holding likely closer to pit close
02:14 pm Curtis Melonopoly : http://oilprice.com/Latest-Energy-News/World-News/Oil-Major-Chief-Calls-Upon-Non-OPEC-Producers-To-Join-Cuts.html
02:18 pm Curtis Melonopoly : Looking for expanding volume really soon with pit close near – if no then cut and take some profit $UWTI #OIL
02:23 pm Curtis Melonopoly : I am going to sell in to spike before pit close if I get it $UWTI
02:28 pm Curtis Melonopoly : Out
02:29 pm Curtis Melonopoly : $UWTI 18.20 buy with a 18.80 exit on $UWTI intra 3% er
02:30 pm Curtis Melonopoly : That was a nice trade

02:45 pm Curtis Melonopoly : back for another 🙂
02:46 pm Curtis Melonopoly : Running screens back in a few
02:51 pm Curtis Melonopoly : Missed the volatility trade distracted with oil – but oil better trade 3% vs 1.5% on my entry
02:57 pm Curtis Melonopoly : I’m going to watch for $SPY failure at 212.65 ish range and consider $VIX trade w $TVIX for EOD
03:16 pm Curtis Melonopoly : Looking at $TVIX – risky
03:16 pm Curtis Melonopoly : Very short leash if I do
03:27 pm Curtis Melonopoly : $TVIX not responding well to $VIX IMO – you want that to frontrun so you’re on right side of possible error
03:28 pm Curtis Melonopoly : That’s the benefit of scalping 3 x 2 x ETF and ETN’s – you can get a buffer for error if you’re on right side but extra pain if you are on wrong.
03:37 pm Curtis Melonopoly : Well I’m gonna call it… lotsa fun coming with election and then we get in to tight technical trading with proper indicators and algorithmic trading after election… so ready for that! And I’m gonna do a 10k to 1MM in 6 mos instead of 24 mos module (4 trades a day at 1%).
03:37 pm Curtis Melonopoly : Take care:) Be Blessed!
03:42 pm GSCT . : Thanks Curtis.

Best:)

Curt

Topics: Daytrading, Wallstreet, Chatroom, Trading Room, Daily Results


Good morning stock traders!

$SPY $ES_F

I don’t expect any $SPY related trading until election unless there is some unexpected “width” in trade.

$VIX – $TVIX $UVXY $XIV

I do expect to be trading $VIX related instruments between now and election… however, with current chart I would like an entry when $VIX closer to 13. It is currently 15.2.

$DXY US Dollar Index ($UUP) – $FXY Japanese Yen Trust, $CNY, $TZA, $SMK / $EWW

$DXY is far from broken – break-out still intact. Upside resistance levels. Currently at 98.84. Look for further run in $DXY ($UUP), $FXY (Japan Yen) continued pressure,  $CNY (China Renminbi/USD ETN) continued deval, possible continued run with $TZA (small cap bear), and $SMK / $EWW (Mexico) I am watching for an election play.

FX $USOIL $WTI – $USO $UWTI $DWTI $CL_F #OOTT #Crude #Oil

Crude is well above its traditional charting diagonal and horizontal trend line supports and within its trading range. EPIC the Oil algorithm published targets for 1:00 today and current price action is almost perfectly between the two main alpha algo targets published. There is a significant time / price cycle terminating no later than Tuesday Nov 1 at 9:00 PM ET and normally price will move in or out of current trading range before the termination. In this case my bet is a movement before 4:30 PM Tuesday but it could be anytime now.

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

I was looking for an entry in $GLD at the 114.00 / 115.00 area (intra-day price 120.98) – but I don’t think now I will get that before the election (that was the plan so I will watch). Gold at 1266.65 is still one level up from my target.

Even with the pressure on the miner’s yesterday (even though a pull-back is likely short-term), I am looking for that move to continue over next week – again with election things are more difficult to future cast.

Going in to election however, I am very bullish most commodities. WITHIN DAYS I WILL BE HUNTING DOWN company equities specific to a strong move I see coming very very SOON.

Silver – $SLV, $USLV, $DSLV

My position with Silver ($SLV) is similar as that with Gold ($GLD) in that I am waiting for one more downdraft – here again I may not get that.

Natural Gas – $UGAZ $DGAZ

My thesis was the recent run-up (which we got and I miss timed) – but short term as with Gold I expect on level down in the elevator (again, could be wrong) so that is what I will watch for.

Summary

With all of the charts relating to the above I will be watching for support and resistance levels that make sense to trade (trying to only take trades on major pivots is important). Next week our charting and algo charting publications will become very detailed (in separate reports) which will make this discussion and trade planning more clear as a result of the detail (and the chat room / broadcasting will be going live – that will help clarity and intra-trading too).

Have a great day! May you bank and bank more! Freedom is calling your name!

Curt

PS: Other…

US GDP on deck as I write – looks like a small increase..

Rig count today 13:00 EST

Premarket: http://www.benzinga.com/news/earnings/16/10/8616695/a-peek-into-the-markets-u-s-stock-futures-edge-higher-alphabet-posts-upb

12 Stocks To Watch:
AMGN, AMZN, CVX, Data Processing & Outsourced Services, Earnings, EXPE, GOOGL, Health Care.

http://www.benzinga.com/news/earnings/16/10/8616065/12-stocks-to-watch-for-october-28-2016

 

 

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