01
Dec 2016

Post Market Wednesday Nov 30 OPEC, OIL, $USOIL, $UWTI, $GENE, $SCON, $SGY $CRC, $SDRL $NE $RIG and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , Curt Melonopoly

 

Review of my Chat Room Stock Day Trades and Alerts for Wednesday Nov 30, 2016. OPEC, OIL, $USOIL, $UWTI, $GENE, $SCON, $SGY $CRC, $SDRL $NE $RIG  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.

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 & Review of Chart Room, Trades and Alerts:

From Tuesday:

Today was a day of review of inflecton point charts in $USD/JPY, $SILVER, $GOLD, $DXY, $SPY, $NATGAS etc. Spent some time in the afternoon going over levels to watch.

Trader’s were obviously aware of levels Wednesday when morning run-up occurred and OPEC deal came being that we reviewed oil algo targets / charting etc day befo

Nobody nowhere ever has EPIC hit rate – none.

And @RosietheAlgo and @SuperNovaAlgo won’t be far behind. The other three are likely a few months yet. Existing subs will be grandfathered (which is how it will work with all our algos as they roll out).

Why am I on about all this? Cause we get a lot of “special” people on social media etc… gets a little long in the tooth sometimes.

From Tuesday:

Also, we are waiting for OPEC decision. I am long $UWTI from late Friday.

Wednesday was in fact about oil. Epic nailed the target at 10:30 predicted last week on his feed and we reviewed in detail the new algo targets. It was also about oil companies and shippers got a bit jiggy and yes $GENE and $SCON got ramp room.

I see $GOLD and $SILVER are once again testing Rosie and SuperNova’s price targets in overnight.

Primary Lessons That May Help Your Trades:

My $UWTI long…I sold too early – I can do the math on the algo but I can’t trade it like I know math. Pure and simple.

$GOLD and $SILVER per previous comments;

So far we’ve play $GOLD and $SILVER right waiting for the inflection trend reverse.

$SPY per previous comments;

I haven’t taken a trade on recently, perhaps should have entered on this most recent pull-back, looking for position soon again.

Previous comments;

The $SPY play I had set properly prior to election has played out exactly as predicted and didn’t really capitalize like I could have so far – but it hasn’t exactly been a face ripper like Brexit or last Jan or last Sept (all of which I caught) – it’s been much more orderly so I’ve spent my energy preparing for the trend reverse.

I AM GOING LONG $SPY SOON. And then it should tank sometime between Christmas and May – we’ll see. Should.

I should also say I will be hammering down on some longer term swing plays soon. Time-frame likely 2 weeks to 4 months type of plays. Market is improving. Looking for other side of inflection of course. Why do I emphasize that soooo much??? Because if you’ve been following me at all you will know I’ve been scalping only for months. There’s a time to scalp a time to swing and a time to hammer down. SO YOU WILL SEE A DIFFERENT TRADER WHEN IT COMES TO SWINGS ETC. MUCH bigger entries and LONGER HOLDS and ESCALATED ENTRIES. I scalp to stay in the market when its f’d and I like to keep in the heartbeat and I like to reset my basics and discipline etc etc. Anyway, I believe I can see the directions in general terms fairly clear now whereas the last 18 months has been off for me – I didn’t like Obama at all. Zero. None. Ugh. Terrible. I’m not a left or right I’m a capitalist I guess so more right but a lot of me is left so I’m me. I just didn’t like his ways.Trump will be much more predictable and capitalist predictable I guess is what I’m saying. Just want to make it clear so any that aren’t clear have it clear clear clear cause I can’t stand “you didn’t tell me or you told me this” comments. Hate them. Hate. 🙂 I go out of my way to be clear. 🙂 🙂

Announcements in Trading Room:

09:54 am   Curtis M : Review of upper algo targets for possible OPEC deal at 10:05 AM

11:02 am   Curtis M : Gonna do some scanning and back for 12 EST

01:23 pm   Curtis M : Set my stop on $JONE at my buy and gonna have coffee w wife and come back in 20 min

Stock Chat-room Trading Transcript:

08:45 am Sartaj Hundal : Good morning, traders. This is a reminder that our inaugural opening offer for the live trading room ends on Friday. Use coupon code fomo50 at checkout. https://compoundtrading.com/shop
09:09 am Curtis M : Running scans – back before open.
09:15 am Curtis M : $SCON up 70% premarket http://www.marketwatch.com/investing/stock/SCON?siteid=rss
09:17 am Curtis M : 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
09:23 am Curtis M : Some gainers $SCON $CRC $BAS $REXX $VNR $FMCC $HOS $GASL $OAS $FNMA $LEI $NOG $GST $ORIG $BCEI $DNR $AREX $SM
09:37 am Curtis M : Energy squeeze $CRC $OAS $SDRL $WPX $LPI $SM $CPE $NE $MOG $SYRG $ERF $ORIG $DNR $REN $GBR $GST $ CLR $WPXP $EGN $PE
09:41 am Curtis M : $GLBS squeeze
09:42 am Curtis M : Leaders $SCON $GENE $CSBR $CRC $GLBS and energy
09:44 am Curtis M : Resistance test on crude here.
09:52 am Curtis M : Will Wun through Upper Targets for potential OPEC deal in 10 mins or so
10:03 am mathew w : REN fighting the squeeze here
10:06 am Curtis M : Primary target direct hit https://twitter.com/EPICtheAlgo/status/803978309650395136
10:06 am Curtis M : Starting in 3 mins algo work on oil
10:15 am Curtis M : Out $UWTI 21.79 $UWTI 1200 shares from last Friday looking for re-enter later
10:19 am GSCT . : Very difficult to read to be honest
10:20 am GSCT . : Yes! Hahaha.
10:21 am susan woo : Its like a Kandinsky painting!
10:21 am GSCT . : Lol.
10:30 am GSCT . : And you’ll have educational videos as well
10:31 am GSCT . : or live edu on it I assume
10:42 am GSCT . : I don’t doubt the algo I’m just not clear how to trade using them exactly. And the chart as is is very cluttered to my eye.
10:49 am GSCT . : It would be easier to see without theall the horizontal purple lines.
11:01 am Curtis M : Email any questions you have plz thanks!
11:02 am Curtis M : Gonna do some scanning and back for 12 EST
11:07 am GSCT . : Can the screen in screensharing be enlarged so there aren’t fat white borders around it?
11:13 am Curtis M : OPEC press conference
11:23 am Curtis M : We have split rooms FYI
11:48 am Mathew Waterfall : Out the rest of my WLL calls. Hit the fib I was looking for. Almost a tripple bagger on those
11:48 am Curtis M : $MRO squeeze
11:50 am Curtis M : $MRO squeeze
11:57 am Curtis M : Nice Mathew
12:02 pm Mathew Waterfall : SN up over 22% and my calls barely moved. Love that…not
12:02 pm Mathew Waterfall : Part of the fun I guess lol
12:06 pm Curtis M : ugh
12:07 pm Mathew Waterfall : At least I had the move right so that makes me warm and fussy while my account is smaller than it should be. If this move confirms for a day or two the small cap oil squeeze will be on like donkey kong and it;ll straighten out
12:25 pm Curtis M : $JONE tape strong
12:36 pm Curtis M : Long $JONE average 4.81 2500
12:36 pm Curtis M : Will add if t squeezes
12:36 pm Mathew Waterfall : Good call. Picked up a bit earlier myself with the plan to add over 5 if it gets mving
12:37 pm Mathew Waterfall : *moving
12:51 pm Mathew Waterfall : Im out of JONE. 4.66-4.86. Will reenter if get sover HOD on volume
01:08 pm Curtis M : $HOS tape strong
01:10 pm Charles S : I think JONE will be good going forward no matter what occurs today
01:11 pm Elroy O : cleaner chart lol
01:11 pm Curtis M : funny
01:12 pm Curtis M : Hey if you guys figure out a cleaner way to get algo stuff in a chart let me know! 🙂
01:13 pm Curtis M : Pt close should be real good or real bad likely good
01:14 pm Mathew Waterfall : Can play HOS against 5.15. That’s been some key resistance and support
01:14 pm Mathew Waterfall : up over hi likely pops
01:15 pm Mathew Waterfall : Longer term support at 4.75 if you want to go on a swing
01:23 pm Curtis M : Set my stop on $JONE at my buy and gonna have coffee w wife and come back in 20 min (stopped flat)
01:30 pm Curtis M : Theres a recent Gold blog post about a possible bottom at that quadrant fyi possible
01:30 pm Curtis M : Back in 20
01:52 pm Curtis M : 49.84 fib ext oil
01:54 pm Curtis M : Long $UWTI 2000 22.98 looking for 49.80 oil fib ext
01:58 pm Curtis M : Sartaj stole the others lol
02:01 pm Curtis M : OUt 23.21 $UWTI
02:04 pm Curtis M : Long $UWTI 23.10
02:08 pm Mathew Waterfall : Back looking at silver and gold. Already sitting on small USLV position. Market weakness tells me it may be time mixed with gold double bottom here
02:09 pm Curtis M : Sorry yes 4000 shares
02:09 pm Curtis M : Ill go 12000 if fib 49.87 blows thru
02:13 pm Curtis M : Out 23.09 cut look for reenter for that fib break at top ($UWTI)
02:15 pm Curtis M : Looking fr squeeze above 49.87
02:16 pm Mathew Waterfall : DRYS getting after it again here
02:26 pm Curtis M : Sorry I was long $UWTI 3 mins ago (out flat)
02:28 pm Curtis M : cut flat
02:28 pm Curtis M : wanted that break and didnt get it
02:29 pm Curtis M : oh well trend change is in play now so should be decent trading now going forward
02:35 pm Mathew Waterfall : Large MOC to the sell side. This would be 3 in a row IIRC if it sticks
02:36 pm Mathew Waterfall : .-1.4b currently
02:44 pm Curtis M : Huge order flow $DRYS
02:45 pm Mathew Waterfall : Yepp. Picked up some SHIP as a sympathy pla. Like the lower entry point and solid support just south of current levels
02:46 pm Curtis M : Likely see $RIG $SDRL $NE etc run over next few weeks
02:50 pm Mathew Waterfall : Large sweeps in RIG and WLL today
03:30 pm GSCT . : DWTI 56.43 – 57.45
03:31 pm Curtis M : $SGY $CRC strong close… may run if oil continues…. $SDRL $NE $RIG I and others in that clan I think will run hard between now and Christmas
03:31 pm Elroy O : no doubt about offshore – setting up
03:32 pm GSCT . : Crude could fall here
03:32 pm GSCT . : 48.85
03:36 pm Kline P : Does look like last year
03:42 pm Mathew Waterfall : Like GST here as well if it can clear recent highs
03:50 pm Curtis M : Well I’m calling it a day – now that OPEC is behind us maybe we get a direction in market over next few days. Room open till 4 ish. Best!
03:50 pm StockMaven S : Thanks!
03:55 pm GSCT . : Going to miss these leveraged Oil ETFs
03:55 pm GSCT . : UWTI DWTI delisted Dec 8
03:56 pm Curtis M : yup
03:57 pm GSCT . : DO you like GUSH and DRIP >
03:57 pm GSCT . : ?
03:58 pm GSCT . : Exp and prod.
03:59 pm Curtis M : we’re backtesting them in the works
04:00 pm Curtis M : Night guys

 

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, OPEC, OIL, $USOIL, $UWTI, $GENE, $SCON, $SGY $CRC, $SDRL $NE $RIG

30
Nov 2016

Post Market Tuesday Nov 29 $CBMX, $GLBS, $DRYS, $SHIP, OPEC, $UWTI, OIL and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Tuesday Nov 29, 2016. $CBMX, $GLBS, $DRYS, $SHIP, $UWTI, OPEC, $USOIL, $WTI, OIL 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.

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:

Today was a day of review of inflecton point charts in $USD/JPY, $SILVER, $GOLD, $DXY, $SPY, $NATGAS etc. Spent some time in the afternoon going over levels to watch. As we get in to Dec with members only I will be reviewing in more depth including algorithm details. So this will be normal practice in quiet periods in room. I am also booking some guest speakers for those times.

Also, we are waiting for OPEC decison. I am long $UWTI from late Friday.

And then there were the Shippers and some BIO runners today for those of us tired of sitting on our hands during inflection – I made my donation – twice.

Primary Lessons That May Help Your Trades:

My $UWTI long… previous comments;

I took a trade on $UWTI at the wrong time on the chart – didn’t get on right side of it. I sold in morning to be sure I got out (OPEC has me pensive) and then took a position later when it “looked like” price action was going to get away on me —-> FOMO is what that is called. Oh well, can’t win them all – haven’t lost it yet – but definitely on wrong side of trade so far and that’s not the edge a trader wants.

So now it’s hard to say – in overnight trading oil is up 4.83%.

$GOLD and $SILVER per previous comments;

So far we’ve play $GOLD and $SILVER right waiting for the inflection trend reverse.

$SPY, I haven’t taken a trade on recently, perhaps should have entered on this most recent pull-back, looking for position soon again. Previous comments;

The $SPY play I had set properly prior to election has played out exactly as predicted and didn’t really capitalize like I could have so far – but it hasn’t exactly been a face ripper like Brexit or last Jan or last Sept (all of which I caught) – it’s been much more orderly so I’ve spent my energy preparing for the trend reverse.

$CBMX, this is my LESSON OF THE DAY. I don’t know how many times I have to learn this one…. cut fast. Anyway, I’m under water on it so we’ll see. It is a smaller position in my swing account so it isn’t that concerning but still a bad move. The way I play this is to hammer down two more times at inflection points on the wash-out with tight stops.

Announcements in Trading Room:

08:48 am   Curtis M : https://compoundtrading.com/pre-market-newsletter-monday-nov-28-gold-silver-usoil-wti-usdjpy-spy-vix/

Stock Chat-room Trading Transcript:

09:06 am Curtis M : Decliners $NVLS, $FOLD, $PI, $USLV, $FDUS, $TCBI, $GOLD, $GWPH, $AAPL, $ERIC
09:07 am Curtis M : Advancers $CYTR $CBMX $VBLT, $KNDI, $ARIA, $TTPH, $NVFY, $NTNX, $OCUL, $WB, $GOOGL, $AMZN
09:17 am Curtis M : .
09:19 am Curtis M : $CBMX $GENE $CYTR $VBLT $THO
09:26 am Curtis M : $CBMX likely 5 today
09:28 am Curtis M : $CBMX break of 4 is my buy after bell
09:33 am Curtis M : Long 416 2000 $CBMX
09:35 am Curtis M : Stopp $CBMX 409
09:47 am GSCT . : /CL looking to retest LOD
09:47 am GSCT . : 45s
09:48 am Curtis M : $NYMX halt
09:56 am Curtis M : $GENE monster
09:57 am Curtis M : Reset charts soon – bogged
09:59 am GSCT . : SKLN 3.11 now
10:08 am Curtis M : $CWEI $REN curb stomped
10:16 am Curtis M : I’ll start on SiLVER GOLD OIL charting etc once mornng slows here
10:24 am Curtis M : Iran chatter trying lift oil
10:31 am Xmid S : $EYEG squeeze very possible
10:32 am Curtis M : $GENE HOD and strong
10:35 am Curtis M : 2000 Long $CBMX 4.08
10:53 am Curtis M : Going to let this trade simmer and look to add later… taking a 30 min break and then back to prep charts for aft session and run thru OIL GOLD SILVER SPY NATGAS etc
11:58 am Curtis M : Back for afternoon sessoin running scans
12:13 pm Curtis M : GLBS halt
12:18 pm Mathew Waterfall : In NUGT .26 playing against the 100 on the 1′
12:19 pm Mathew Waterfall : Been minding that well, should see some lift. Possibly add more over highs
12:23 pm charles wilks : still think cbmx will get to 5$?
12:23 pm Mathew Waterfall : Stop bumped to .27 on NUGT trade. Right under 10 on the 1′ for a scratch at worst
12:23 pm Curtis M : thats my plan over next 3 days – but could be wrong
12:25 pm charles wilks : ok keeps hitting resistance now 3.95 last hr
12:29 pm Adam Q : $DRAM +33%
12:32 pm Randloph R : $GNK on the move HOD Shipper
12:32 pm Mathew Waterfall : Stop hit on NUGT trade. Small .10/share win. Looking to reenter on 50/100 touch
12:35 pm Winifred F : Taking some $GENE here for EOD move
12:40 pm Sandeep G : $DCIX R/G off $GLBS
12:45 pm Mathew Waterfall : Like that bull flag on the 1′ on GENE
12:45 pm Mathew Waterfall : Up and over the 200 would be strong
12:46 pm Winifred F : $DRYS $SHIP in play of course
12:52 pm Curtis M : 1000 $DRYS 4.63 Long Swing acct
12:57 pm Curtis M : 4.53 out loss
01:07 pm Mathew Waterfall : In GENE at 2.43. Out under that bull flag/100 at 2.39
01:07 pm Mathew Waterfall : Will be moving stops up if it goes
01:16 pm Mathew Waterfall : And out at 2.4
01:31 pm Mathew Waterfall : NUGT back on close watch. Would like a 50 touch. Currently resisting 9 day on 1′
01:35 pm Mathew Waterfall : in @8.51. Crappy fill. Tight stop to the downside it if breaks that 50 if may see the 100 quick
01:40 pm Curtis M : $GOLD testing 200 MA on 15 Min
01:42 pm Mathew Waterfall : Got my stop hit in NUGT at 8.48
02:19 pm Mathew Waterfall : Painful ranges today. May reenter NUGT at .44 which seems to be acting as support if gold heads north
02:26 pm GSCT . : SKLN off LOD
02:26 pm GSCT . : No vol but a good price
02:29 pm GSCT . : What do you think Curtis?
02:30 pm GSCT . : Just a spec play really without a catalyst
02:33 pm GSCT . : Increasing volume is a catalyst at this point
02:33 pm GSCT . : Thanks.
02:41 pm GSCT . : XIV nice ramp
02:58 pm Curtis M : $USD/JPY has to bounce or $GOLD will bounce
03:13 pm Curtis M : Done for day gong to leave room open and watch $USD / JPY from phone for faiilure at 618
04:30 pm GSCT . : SKLN AH

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $CBMX, $GLBS, $DRYS, $SHIP, OPEC, $UWTI, $USOIL, $WTI, OIL

29
Nov 2016

Post Market Monday Nov 28 OPEC, FOMO, $PZRX, $GLBS, $UWTI, $USOIL, $WTI, OIL and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Monday Nov 28, 2016. OPEC, FOMO, $PZRX, GURU Posts, $GLBS, $UWTI, $USOIL, $WTI, OIL 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.

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:

Second quiet day in a row for me. There were some runners today $PZRX, $AIRI, $EPIX $HTBX, $TIME and a few more…. but didn’t catch any – small cap bios really. $GLBS got halted and offering of course and tank – a LESSON THERE FOR SURE – very dangerous plays they are. I love the GURUS that post their short positions after the halt – whatever. And the standard plays (Gold, Silver, Dollar, etc) we work with are still at inflection but it looks like that’s almost over. Tomorrow is GDP and EIA and other interesting things like OPEC are coming soon.

Primary Lessons That May Help Your Trades:

I took a trade on $UWTI at the wrong time on the chart – didn’t get on right side of it. I sold in morning to be sure I got out (OPEC has me pensive) and then took a position later when it “looked like” price action was going to get away on me —-> FOMO is what that is called. Oh well, can’t win them all – haven’t lost it yet – but definitely on wrong side of trade so far and that’s not the edge a trader wants.

So far we’ve play $GOLD and $SILVER right waiting for the inflection trend reverse. The $SPY play I had set properly prior to election has played out exactly as predicted and didn’t really capitalize like I could have so far – but it hasn’t exactly been a face ripper like Brexit or last Jan or last Sept (all of which I caught) – it’s been much more orderly so I’ve spent my energy preparing for the trend reverse.

So hopefully things pick up a bit soon. Of course I know they will. Patience.

 

Announcements in Trading Room:

08:48 am   Curtis M : https://compoundtrading.com/pre-market-newsletter-monday-nov-28-gold-silver-usoil-wti-usdjpy-spy-vix/

Stock Chat-room Trading Transcript:

09:02 am Curtis M : Losers $CRIS, $YY, $VOD, $LOGI, $GPRO, $GRPN, $XIV, $RYAAY, $SBUX, $INTC
09:02 am Curtis M : GAINERS $CTSH, $EBIO, $FNSR, $TNDM, $KNDI, $ARTX, $UGLD, $TVIX, $USLV, $GOLD
09:19 am GSCT . : SPY just lost 9 points
09:20 am GSCT . : TOS issue perhaps
09:34 am Mathew Waterfall : Out of all of my WLL dec9 calls. Still have Jan Monthly’s but wanted to clean up and consolidate a bit before OPEC. Reduce leverage and take wins
09:35 am Mathew Waterfall : .68 from .3 entry on those
09:36 am Curtis M : Didn’t post out $UWTI 20.4 small gain from Fri
09:37 am Curtis M : New 52wk Highs: $CAAS $ESNT $FNSR $KEM $WAIR
09:41 am Curtis M : In Play: $PZRX, $CUBA, $TSL, $DRYS, $HTBX, $TIME, $JNUG, $DGAZ
10:06 am Mathew Waterfall : I’ve been watching the miners close this AM, NUGT and JNUG, super tight trading and can’t get much lift with USDJPY acting like they are. I’m going to sit it out and let a trend develop beore I jump in
10:18 am Curtis M : Long 1200 share $UWTI 20.47 swing account
10:24 am Mathew Waterfall : In NUGT .16. tight trailer to keep losses down I dont trust this move
10:25 am Mathew Waterfall : Out if it can’t clear ON high of .3
10:28 am Mathew Waterfall : Out at .24. Rather play it tight than watch a few dollars profit turn into losses
10:28 am Mathew Waterfall : Now looking at DUST
10:31 am Mathew Waterfall : Also watching FB calls closely. I posted entries into 2 sets last week. Acting well today. 119.8 is a key level to the downside. 123’s to the upside
10:59 am Curtis M : Comments out of Iran Tankng prce of crude
11:22 am Curtis M : Shppers poppng
11:41 am Curtis M : d oil price stays above 200 here on 15 and 100 crosses 50 on 15 then oil up and over resistance
11:51 am Curtis M : Others split in to other room FYI they’ll be back
11:59 am Gurjit H : Final countdown on oil
12:00 pm Curtis M : u can say that again
12:14 pm Mathew Waterfall : Getting some decent scalps in XIV but playing super tight. Action today is tight across the board in most plays if you miss the intial pop
12:25 pm Curtis M : 5 mins
12:29 pm Mathew Waterfall : XIV new HOD
12:29 pm Mathew Waterfall : Im in at .24 with trailing stop
12:30 pm Curtis M : we lost the 200
12:31 pm Curtis M : got it back just
12:33 pm Mathew Waterfall : .05 trailer on the XIV play now. Decent run and want to take some $$$ to the bank instead of losing here
12:35 pm Curtis M : Price has to stay on top of that 200
12:36 pm Mathew Waterfall : out of XIV. .56 from .225. Nice intra win
12:40 pm Curtis M : nice
12:40 pm Curtis M : Taking 10 mins to make tea
12:58 pm Mathew Waterfall : Watcing REN for a squeeze here. 30.12 important support
01:04 pm Mathew Waterfall : In REN @ 30.36 will cut below recent low of .24 if oil struggles
01:15 pm Curtis M : I wonder if those algo lines mean anythng lol geesh
01:16 pm Curtis M : Machines are like we’ll just wait on algo line
01:17 pm Mathew Waterfall : lol
01:25 pm Curtis M : $GLBS halt
01:27 pm Mathew Waterfall : Out of REN. Not getting pop I wanted and moving on to other plays. out at .31
01:34 pm Mathew Waterfall : Quick NUGT play against the 50 on the 1′. Out at 8.44 stop right below recent swing lows
01:40 pm Curtis M : 40 mins to pit close – torturous today
01:40 pm Curtis M : $GLBS 30 day halt
01:43 pm Mathew Waterfall : Yea not great price action for anything on my list
01:43 pm Mathew Waterfall : still eyeing a reentry in REN as it’s making fresh lows lol. Hard knife to catch
02:01 pm Curtis M : $REN HOD $GDX HOD
02:01 pm Curtis M : not $REN lol
02:01 pm Curtis M : $VRX HOD
02:05 pm susan woo : Curtis, silver does look good
02:05 pm susan woo : I recall lyou mention last week that silver algo said 90ish% that this would be a good run back up instead of a dead cat?
02:06 pm Curtis M : Was that by voce or in writing?
02:06 pm susan woo : voice I think
02:07 pm susan woo : yeah, you were talking about being on vacay last Xmas and then segued into silver talk
02:07 pm susan woo : Something like that lol! I had a sick kid at home, so was a bit distracted
02:08 pm Curtis M : hmmm vaca yes 90% no dead cat bounce nope always say wat for back test PRICE TRIGGER TRADE trigger is back test and above last high – that’s the drill
02:09 pm susan woo : ok
02:09 pm Curtis M : I said market looks like last year
02:09 pm susan woo : yes
02:09 pm Curtis M : ran thru charts that look like last year
02:10 pm Curtis M : Thats another rule… history rhymes but t may not repeat
02:10 pm Curtis M : watch the newsletters close – they’re easest cause the trade triggers will be clear – we’re at inflection n everything rght now
02:11 pm susan woo : I find the blog a bit dificult to understand
02:11 pm Curtis M : dont see a trend except ATHs in SPY etc everything else at inflection
02:11 pm susan woo : I;ll re-read
02:11 pm susan woo : thanks
02:11 pm Curtis M : np its all inflection waiting for trends to develop and USD JPY to back off
02:12 pm susan woo : gotcha 🙂
02:13 pm Curtis M : Those are your man trading ranges there
02:15 pm Curtis M : So that white arrow is an example of where most will take a trade based on change in trend
02:16 pm Curtis M : Right white arrow would be trigger for trade
02:33 pm Curtis M : Holding $UWTI may add f pull back far enough to diagonal trendline
02:50 pm Curtis M : OPEC hearing meeting over – waiting for delegates now
02:53 pm Curtis M : Stops wacked there
02:57 pm Mathew Waterfall : Roughh day all over. I’m likely done after trying another swing at XIV and failing
02:57 pm Curtis M : y a tough
03:02 pm Curtis M : $GLBS opens at 335 EST 1.60 5MM private placement ouch
03:11 pm Curtis M : Thats it for me. Will leave room open till 4. Have a great night!!!
03:13 pm Megatrend M : u too!

 

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, OPEC, FOMO, $PZRX, GURU Posts, $GLBS, $UWTI, $USOIL, $WTI, OIL $UWTI, $USOIL, $WTI, OIL

28
Nov 2016

Post Market Friday Nov 25 $NAVB, $JUNO, $JNUG, $SKLN, $UWTI, $USOIL, $WTI, OIL and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Friday Nov 25, 2016. $NAVB, $JUNO, $SKLN, $JNUG, $SKLN, $UWTI, $USOIL, $WTI, OIL 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:

Friday was a super calm day. Not a lot to report but there were some important trading lessons.

Primary Lessons That May Help Your Trades:

I took a long trade on $UWTI (yes I know it is delisting). My play is a 6 to 1 risk reward (considering OPEC meetings) that as of writing (3:41 am Monday) my trade is going against me. I may enter again long or cut – I haven’t decided. I entered also thinking I may get a bounce at diagonal trend line (blue) just below my trade (chart below) but it didn’t bounce – but I held thinking I may re-enter another long early in week. Interestingly price did hit one of Epic the Oil Algo’s price targets. Anyway, looks like I’m on wrong side of it so we’ll see.

$JUNO (chart below) I got out of my swing trade for a profit and will watch for a possible re-enter. My pre market blog post will have technicals and what to watch for.

$SKLN – the 200 day got under stock price on the 3 minute AND I MISSED IT! A BIG MISTAKE! And what made it worse is GSCT in the room even alerted us…. ugh. YOU NEVER WANT TO MISS THE 200 Day on the 3 min 5 or 15 getting under price on these wash-outs – huge mistake.

And I completed my video uploads from my $SKLN trade last week – lots of indicator lessons packed in to these videos!

Announcements in Trading Room:

Room Alert: https://compoundtrading.com/pre-market-newsletter-friday-nov-25-gold-silver-usoil-wti-usdjpy-natgas/ Gainers: $NAVB 34%, $CTRP 9%, $IPCI 9%, $CXRX 8%, $DCIX $WPRT $SPEX $GSL $BZQ $JKS $INFY $DRYS $DWTI $GFI $NOK $AZN $AU $UN

Stock Chat-room Trading Transcript:

08:51 am GSCT . : /CL downtrending
08:53 am GSCT . : A rejection of 47.57 anyway
09:13 am Curtis M : http://www.benzinga.com/news/16/11/8738781/20-stocks-moving-in-fridays-pre-market-session?utm_source=dlvr.it&utm_medium=twitter#/null
09:24 am Curtis M : Lkely going to exit $JUNO Swing here soon 3%
09:25 am Mathew Waterfall : Looking at JNUG and NUG T for plays today
09:25 am Curtis M : Gainers: CTRP +10%. CXRX +8%. IPCI +9%. GBR +5%. ESEA +5%.Losers: MTU -6%.
09:35 am Mathew Waterfall : In JNUG 6.69 out new LOD
09:43 am Mathew Waterfall : Playing JNUG close here. Up to 6.85 looking for an exit for a quick pullback and reenter
09:44 am Mathew Waterfall : Out @.81
10:15 am Mathew Waterfall : Back in JNUG at 6.67
10:18 am Mathew Waterfall : Out. damnit
10:30 am Mathew Waterfall : Back in if gold breaks 1185
10:50 am Mathew Waterfall : All my usual suspects are way quiet today. Cleaning up some positions and thinking of reentering a /es short though Im not too excited about shorting a dull market here
10:57 am Mathew Waterfall : Taking off a portion of my CLF Jan 10c’s. .96 fomr .47. Keeping half
11:05 am GSCT . : /NG unreal today and hit 3.10s
11:05 am Curtis M : Loading $UWTI
11:05 am Curtis M : Yes IC
11:11 am Curtis M : Long $UWTI 19.96 1200 shares

$USOIL, $WTI, $UWTI

FX $USOIL $WTI – entered $UWTI trade looking for bounce at diagonal trendline (blue) holding

11:14 am GSCT . : $SKLN breakout
11:46 am Mathew Waterfall : Filled the gap which should be some support here for /cl
11:47 am Mathew Waterfall : Gap was last sunday open gap up
12:30 pm Mathew Waterfall : Gold acting a fool and nothing else exciting. I’m out to the gym before some rivalry college football. Have a good weekend all next week should be fireworks!
12:31 pm Curtis M : ok thanks Mathew
12:31 pm Curtis M : cya
12:37 pm GSCT . : $SKLN popping

$SKLN, 200 Day Moving Average

$SKLN 200 day on the 3 minute got under price last Friday and popped – I missed it.

12:54 pm Curtis M : Out $JUNO 24.925 avg from 22.31 buy

$JUNO Swing Trade

$JUNO Swing Trade closed 3000 shares 22.31 out at 22.945 today live in trading room

01:00 pm Curtis M : Have a great weekend!

Topics: Compound Trading, Trading Lessons, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $NAVB, $JUNO, $JNUG, $SKLN, $UWTI, $USOIL, $WTI, OIL

24
Nov 2016

Post Market Wednesday Nov 23 $JUNO, $ANF, $GOLD, $SILVER, $WTI, OIL and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Wednesday Nov 23, 2016. $JUNO, $ANF, $SKLN, $GOLD, $SILVER, $XIV, $USOIL, $WTI, OIL 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:

Kind of an odd day with Thanksgiving Day around the corner today. Market fade was heavy late day. Some small cap low floats were running a bit. Gold and Silver were the big watches for us because the price for both was either just entering the price target zone of our algos or really close.

Primary Lessons That May Help Your Trades:

$ANF Abercrombie trade lessons were two… #1 being most important and that is that 200 day on the 5 – once that 200 on the 5 got under the price it was rocket time (classic snap-back and gap fill). So waiting would have paid dividends. It just gets tough to stay on top of them over days. There is a recent wash-out on $SKLN that I should watch closer for this.

$JUNO Therapeutics was my #2 lesson… waiting for the proper set-up in terms of moving averages would have likely been safer – I’m in this swing 22.31 and it closed at 22.56.

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

08:55 am GSCT . : DRYS ESEA moving

09:04 am Curtis Melonopoly : Premarket newsletter https://compoundtrading.com/pre-market-newsletter-wednesday-nov-23-lli-juno-ibb-labu-labd-axon-skln-usoil-wti-natgas/
09:06 am Curtis Melonopoly : Gainers: $REXX 19%, $DE 12%, $LABD 7%, $ZBIO $TXMD $AVXL $VEEV $JDST $CNHI $MRNS $GME $OPTT
09:09 am Curtis M : Mornin!
09:12 am GSCT . : Your call on /GC coming into play here
09:12 am GSCT . : Heading to your target
09:13 am Curtis Melonopoly : nice
09:14 am Curtis Melonopoly : Anyone have audio on that can check my mic volume?
09:14 am GSCT . : Could be a bit louder
09:14 am Dave D : Sounds ok
09:20 am GSCT . : Ticker more visiible on your chart. Thank you.
09:23 am Curtis M : Looks like a good day.
09:23 am Curtis M : Your welcome.
09:26 am Curtis M : Open on deck
09:28 am Curtis M : $AVXL $DRYS $MNKD $SINO $DGLD $SHIP $GLBS
09:29 am mathew w : Still monitoring my /es short
09:29 am mathew w : trimming positions today overall most likely before tomorrows break
09:31 am Curtis M : $MDGS +58%
09:32 am Curtis M : $ESEA +36%
09:32 am GSCT . : SKLN off lows
09:39 am Curtis M : $SINO 19%
09:40 am Curtis M : $DCIX 13%
09:41 am Curtis M : $SHIP 8%
09:42 am Curtis M : $ESEA Looking for 3.75 then 4
09:50 am Curtis M : $RLOG watching tape on bids
10:01 am Curtis M : $GOLD algo targets 1163 – 1167
10:01 am GSCT . : Ignore the Twitter trolls
10:02 am GSCT . : What’s the time frame on Gold /GC algo?
10:02 am GSCT . : SKLN some momo
10:09 am mathew w : Adding a few UCO calls. Stalking NE and WLL though Im still deep in the money in WLL and NE at this point. likely roll up and out
10:10 am susan woo : Curtis, why wouldn’t you wait until AFTER Yellen this afternoon before touching gold/silver?
10:10 am susan woo : Just curious
10:10 am mathew w : also closing out of DUST calls. Had weely 57s that exploded up ON
10:10 am mathew w : *weekly
10:12 am susan woo : Gotcha, thanks Curtis
10:14 am GSCT . : /GC new LOD
10:15 am mathew w : Like lol
10:18 am mathew w : Totally out of DUST calls. Might regret that but easy money
10:18 am mathew w : yea
10:18 am mathew w : dude is a GDX bull all day
10:18 am mathew w : Smart guy for sure
10:22 am mathew w : In some CLF jan 10 calls. Rolling up and out basically after closing a big portion of my Dec 8’s yesterday
10:22 am mathew w : Lots of flow in this name, lots of sweepers all week
10:24 am susan woo : I love your Canadian accent. Sounds like mine lol!
10:28 am GSCT . : SKLN may be reversing here
10:30 am GSCT . : Gold lower still
10:36 am GSCT . : Gold algo hit may happen today!
10:40 am mathew w : Oil has been a tough ride this AM. Small scalps but I’m gonna take a break and let it even out a bit I think. Back in 30
10:41 am mathew w : Big resistance at 8.3 area
10:57 am Curtis M : Watching $JUNO for snap back, $GOLD getting close to algo PT, $SILVER in algo $PT high range $USD/JPY, $SINO

11:01 am Curtis M : Long $JUNO for second attempt 22.31 3000 shares 

$JUNO stock

$JUNO Therapeutics 5 minute stock chart

juno-therapeutics-5-minute-stock-chart

11:03 am Curtis M : Out $ANF 3000 shares swing 15.57 14.96 buy here https://compoundtrading.com/stock-trading-results-green-portfolio-day-post-market-fri-nov-18-anf-wash-trch/

$ANF Stock trade

$ANF Stock Trade on Wash-out – Abercrombie

11:06 am GSCT . : SKLN flirting with the 20
11:19 am Curtis M : Low float Shippers Bio Drillers
11:19 am Mathew Waterfall : wanting a 20 touch on the 1′ to reenter /cl here
11:19 am Mathew Waterfall : being cautious after this am’s moves
11:20 am Mathew Waterfall : And that’s why lol
11:28 am susan woo : Curtis, this signal you have for gold/silver, is it as strong as the algo trigger you got before the January lows, right before gold/silver ran big?
11:30 am susan woo : thanks
11:36 am GSCT . : /GC rallying back
11:37 am Curtis M : back in 20
11:43 am GSCT . : Stalking SKLN on IBB XBI possible pivot
11:52 am Mathew Waterfall : CLF calls working. May add to CHK here depending on OIL. Still bouncing around making me earn my money on the /cl trade today
11:54 am Mathew Waterfall : And I know im a broken record on this but WLL is still seeing a ton of buying. I will likely take jan calls shortly. Out 2/3rds of my Dec calls for a 3/4 bagger
11:57 am Mathew Waterfall : In WLL jan 11.5c’s at .57 to add to me dec2 10’s
11:57 am Curtis M : Thanks for posting your trades Mathew
11:59 am Mathew Waterfall : No problem. I’m also open to share. I don’t post every little trade I do as I’m in/out of some futures pretty quickly at times like this AM with /cl
11:59 am Mathew Waterfall : Also closed my /es short this AM. Looking to reopen that but the action off of the open seemed bullish and it was even if I covered at 2195 instead of 2198 where we are now
11:59 am Mathew Waterfall : *always open to share
12:01 pm GSCT . : SKLN volume
12:03 pm GSCT . : Top of the hour
12:06 pm GSCT . : Natty Gas new highs
12:06 pm GSCT . : /NG broke 3
12:06 pm GSCT . : Curtis what was you buy signal # on that again?
12:09 pm GSCT . : It’s owned my trading
12:09 pm GSCT . : Avoiding for now
12:09 pm GSCT . : SKLN going here
12:12 pm GSCT . : Not going perse but some bump
12:14 pm Mathew Waterfall : Rolling more dec8 to jan 10’s in CLF for me. Taking profits and taking a bit of risk off of the table
12:15 pm Mathew Waterfall : Those went from .42 buy to 1.18 so solid win
12:18 pm Mathew Waterfall : Using that cash for some lottos. FCX Dec2 18’s for more squeeze. Will have to be out of these buy mid next week
12:23 pm Mathew Waterfall : And Holy SH*t. 11000+ CLF Feb calls just BTO it looks like. Damn!
12:31 pm Mathew Waterfall : Out the rest of me NE Dec2 5.5. .57 from .21. Taking off risk and moving out
12:41 pm GSCT . : I can barely hear you. I got it ful volume.
12:41 pm GSCT . : full
12:45 pm Curtis M : Sorry I think I need to switch headsets
12:46 pm Curtis M : As soon as I get a break I’ll swtch headsets
12:46 pm GSCT . : Thanks boss.
12:49 pm Curtis M : can smell coffee gonna go get a refill
12:56 pm Curtis M : Rebooting headset so Ill be back
12:56 pm Mathew Waterfall : Took a small started in USLV at 12.9. Front running this trend a bit so starting small
12:59 pm GSCT . : Thank you.
01:00 pm GSCT . : SKLN slow and steady
01:09 pm Curtis M : $ESEA + 53% SINO +39% SPEX + 27% GLBS +19.43 %
01:27 pm Curtis M : $DRYS action intense
01:27 pm Curtis M : $GOLD and $SILVER at tipping point… could get fun soon
01:28 pm GSCT . : Thoughts on DRYS here Curtis
01:30 pm Mathew Waterfall : Rolled the rest of my CLF Dec16 8’s to Dec23 10s. Thing is a monster. Targeting 11’s short term
01:31 pm Mathew Waterfall : I got a .93 credit for that move BTW so taking some profits
01:31 pm Mathew Waterfall : Sorry .96 credit
01:31 pm Curtis M : nice
01:33 pm GSCT . : Missed it. Even 6.50 to 6.85 worked
01:34 pm Curtis Melonopoly : Resetting charts
01:40 pm Mathew Waterfall : In some JNUG. Looking for 6.8. Out under 6.40ish recent swing low
01:42 pm Mathew Waterfall : 6.6 needs to break for more to the upside. May add more over that if we get there
01:53 pm Curtis M : This is all lke a replay of this time last year – spooky almost
01:55 pm GSCT . : Good to know.
01:56 pm GSCT . : TVIX rmaped in early January
01:56 pm GSCT . : ramped
01:57 pm Curtis M : January was my best month this year and Brexit 2nd
01:57 pm Curtis M : Markets quiet right now
01:57 pm Curtis M : running scans but quiet
01:57 pm GSCT . : DId you play TVIX on Brexit?
01:58 pm GSCT . : FOMC in 2 min
02:02 pm Curtis M : FOMC Rate Hike Could Happen in Dec
02:03 pm GSCT . : Priced in to Gold’s move today maybe already
02:08 pm Mathew Waterfall : Out of JNUG for pennies overall. Will reenter if it can find footing over posted level
02:26 pm Curtis M : Very quiet
02:31 pm GSCT . : 0Do you have a link to access the room from an iPad. I’ve tried logging on 3x and it says ‘organizer has ended your session’.
02:31 pm Curtis M : interesting
02:31 pm Curtis M : Ill message Sartaj
02:32 pm GSCT . : The mobile version is awful btw.
02:32 pm Curtis M : ya i know
02:32 pm Curtis M : shopping
02:33 pm GSCT . : Good to know.
02:35 pm Mathew Waterfall : I may go take a nap or something. Not much on my board to play here into EOD
02:35 pm Sartaj Hundal : GCST: Try to rejoin the room on your iPad
02:36 pm Curtis M : Naps r awesome lol
02:36 pm GSCT . : Same result
02:36 pm GSCT . : Can you post a link I can try Sartaj?
02:42 pm GSCT . : Never mind. I’ve tried all possible links
02:43 pm Mathew Waterfall : Seeing if I can get a pop in XIV as they push SPY back green
02:43 pm Mathew Waterfall : Boredom trade
02:45 pm Curtis M : ya m catching up on work until a scanner pops
02:45 pm Curtis M : if one pops
02:48 pm Mathew Waterfall : /ES rejecting at 2201. Out shortly of my XIV trade ~.12 share so not much there unless another pop
02:53 pm Mathew Waterfall : Out of that trade for anyone wonder. Adding some FB Dec 125 calls as well. Still looking for a gap fill in next 2-3 weeks
02:53 pm Curtis M : $NAVB Halt news
02:55 pm GSCT . : SKLN maybe
02:55 pm GSCT . : A lot of selling this last candle though
02:57 pm GSCT . : SKLN VWAP pop
03:14 pm GSCT . : NTNX running
03:17 pm Curtis M : nice move
03:18 pm GSCT . : Mossed the meat of it
03:18 pm GSCT . : Feels late now
03:19 pm Curtis M : squeeze so who knows
03:22 pm GSCT . : NAVB our of halt
03:22 pm Curtis M : thx lol was in algo land
03:23 pm Jorge F : What is NAVB news?
03:23 pm GSCT . : I can Google it for you
03:23 pm GSCT . : DRYS perky
03:25 pm Curtis M : $NAVB News https://twitter.com/curtmelonopoly/status/801521806590910464
03:29 pm Mathew Waterfall : SN Jan 10’s. Bit of a stretch buy they’re cheap. Needs OIL to remain strong and they will pay nicely. Nice R/R
03:30 pm Mathew Waterfall : 6.6 is a big level for CHK #captainobvious
03:31 pm Curtis M : $CHK interesting but Im staying out
03:32 pm Mathew Waterfall : Good call. I looked at adding more this AM and didn’t. I’m already in Dec2 6.5c’s so I’ll stick in those in to next week. Positive for me so I’m in no hurry to add more
03:38 pm GSCT . : Friday could be wacky
03:51 pm susan woo : So, how does in look in gold/silver land? Still waiiting for more algo confirmation?
03:53 pm susan woo : Yeah, that’s why I got a bit confused re: your technique
03:53 pm susan woo : No problem
03:53 pm susan woo : Thanks for explaining
03:53 pm susan woo : Ewave guys saying it could go lower too
03:54 pm susan woo : I’m not into ewave
03:54 pm GSCT . : LABU what a day
03:59 pm GSCT . : Me neither
03:59 pm Mathew Waterfall : Have a great turkey day all. Will likely be around Friday if the room is open. Not holding any futures into this break, I’m way too cautious
04:00 pm GSCT . : Thanks Curtis
04:00 pm Curtis M : No problem your welcome enjoy!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $JUNO, $ANF, $SKLN, $UCO, $XIV, $USD/JPY, $USOIL, $WTI, OIL

23
Nov 2016

Pre-Market Newsletter Wednesday Nov 23. $LLI, $JUNO, $IBB $LABU $LABD $AXON, $SKLN, $USOIL $WTI, $NATGAS … more.

Trading Plan , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Wednesday Nov 23, 2016 in Chatroom. $LLI, $JUNO, $IBB $LABU $LABD $AXON, $SKLN, $USOIL $WTI, $NATGAS … more.

Welcome to the Wednesday Wall Street trading session!

Algo work – As of right now our algorithms are calculating and we are commencing publication of algo charting for the following charting starting this morning for: $SPY, $USOIL $WTI, $VIX, $DXY, $GOLD, $SILVER – any not completed before market open will be available prior to market open Thursday! Sorry we’re running a little behind, but there’s been a massive to-do list getting room up and running properly and quite frankly these are not normal markets.

Get ready for a huge day!

Market Outlook

$JUNO – 30 and $LLI Eli Lilly and others are getting smoked this morning – so the obvious watch is this basket / sector. $IBB $LABU $LABD $AXON all on watch too.

EIA is at 10:30 EST

Gas as 12:00 EST

Urban outfitters down 10%

Durable goods higher than expected… treasury way up.

Weekly Jobless Claims as expected.

Generally speaking the markets obviously are in a Trump win rally (which we predicted and posted prior to the election – just keeping it real). BUT, now here’s the warning!

Our algorithms posted long time ago $DXY US Dollar price target of 100.50 (which it hit and continued to rally), $GOLD price target not far below where it is trading now, and a $SILVER price target not far below where it is trading now. Of course we published algo targets and various info for the others including $SPY, $VIX and FX: $USOIL $WTI – but for the purpose of this warning – this is about the dollar, gold, and silver.

The warning is that we fully expect a rip in Gold and Silver and for the $USD/JPY to back off. This will create a series of snap-back scenarios… too many to post right here right now. SO IN SHORT, I am saying that we don’t expect the broad global markets to continue on a bull train for much more than say about 10% ish at most more. NOW CAREFUL, I am not saying the S&P 500 for example only has 10% more to the upside – not at all (I posted long before the election we had targets for a face ripper rally in $SPY after the election). BUT WHAT I AM SAYING is that many sectors are going to have a snap-back.

So watch closely over the coming days and weeks for that in various areas of the market. We expect commodities like Gold and Silver to snap back, the $USD/JPY to back off, the price of oil to rally in to the spring and a number of other areas of markets.

SO THIS MEANS (for me) that I need to get on a complete exploratory of opportunities this will represent – I hope to have something consolidated this weekend.

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

Some of my Favorite Set-Ups:

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

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

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

(1) Pre-Market Gainers Watch-List: $REXX $DE $LABD $ZBIO $TXMD $AVXL $VEEV $JDST $CNHI $MRNS $GME $OPTT – I Will Update Before Market Open or Refer to Chat Room.

(2) Pre-market Decliners Watch-List:   – I Will Update Before Market Open or Refer to Chat Room.

(3) Other Watch-List: $ANF (watching for exit on my swing), $SKLN for wash-out and snap-back, Steel $X, $AKS, $NUE, $CLF, .

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

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

Regular Trades:

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

Outlook: My bias is still to new highs – but a pull-back will come – so watch close now.

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

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

Outlook: I expect volatility at market inflection points and then continue to get crushed. Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

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

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

Outlook: The real story here right now obviously is the $USD/JPY trade and various other currencies being pounded by the US Dollar. Be careful here now because the $USD/JPY chart (although not broken and still bullish) is showing a rounded top forming. So the chart is changing now – caution IMO.

My Trading Plan for Currencies / Global Markets: $UUP (long US Dollar) seems to be a bit extended obviously, so this opportunity is a tad long in the tooth if you ask me – same with $USD/JPY. So for $GOLD and the miners $GDX watch the $USD/JPY closedly.

Emerging markets should be watched close now very closely IMO ($EEM, $EEV, $EDZ)

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

On Friday I wrote and it still stands,

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.

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

Silver: $SLV ($USLV, $DSLV)

As I wrote on Friday,

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

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

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

Outlook: We are bullish oil and have been for some time (since it bottomed in its most recent trading range).

Trading Plan: We have been successfully trading the range with various instruments in the trading room.

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)

Other Sectors, Indices, International Etc:

Healthcare on watch. Treasuries 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 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

 

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $LLI, $JUNO, $IBB $LABU $LABD $AXON, $USOIL $WTI, $NATGAS

23
Nov 2016

Post Market Tuesday Nov 22 $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

Post Market Report (Trade Results) , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 22, 2016.  $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL 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:

Well, today was the first day I slept in since high school… well maybe not quite that far back. I hadn’t reset my alarm for the new time zone (so I lost 2 hours lol). And worse yet, I missed a crazy good open. But we got in to the swing and had a great day.

Primary Lessons That May Help Your Trades:

The $SKLN trade I took later in the day for a snap-back after the wash-out literally has fifty lessons in it. It was about an hour and a half trade that we recorded the audio and video trade room screen share with charting. So we have started to break up the video in to ten to twelve smaller videos detailing all the indicators, psychology and technicals involved in the trade. I am hoping to have these videos ready for Thursday night. Tonight we are working on publishing the algorithm updates – so depending on how long those take will depend on how long the videos take to come out – but they are, if I may say so gold for learning traders… a really, really technical trade with lots of commentary on the minute as the trade progressed.

The other trades on the day were textbook scalps. The one main lesson (because I was on top of the momentum stocks – late, but on top of it once in room) – the main lesson beyond the $SKLN lesson filled trade was the $USOIL $WTI wash-out on OPEC news before pit close – but that lesson also is on (included as a part) of the $SKLN trade because that was happening at the same time in the trading room today.

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

10:09 am Curtis Melonopoly : Forgive me… my alarm on cell phone ws set to Panama time – I am two hours behind this morning! Geesh.
10:12 am susan woo : I’m in LABU swing
10:14 am Mathew Waterfall : Missed out on some good price action in oil
10:15 am Curtis M : ya embarrasing…geesh
10:16 am Curtis M : I’ll take a few mins and get screens done here
10:17 am GSCT . : You’re still in Beta! This is allowed.
10:18 am GSCT . : This is
10:18 am Curtis M : lol
10:19 am Curtis M : grabbing coffee back in 10 for biggest week in my life in market – revenge trading!
10:19 am Mathew Waterfall : Out a chunk of my WLL calls today and likely trimming up NE calls as well
10:19 am Mathew Waterfall : WLL was .30 to .725
10:21 am GSCT . : Gold sliding hard
10:22 am Curtis M : wow
10:22 am Curtis M : Active morning
10:23 am Mathew Waterfall : Im gonna give this market some time to shake out before taking any more trades I think
10:23 am Mathew Waterfall : Need to see what kind of range we’re working with to be able to snipe any plays
10:26 am David Glenn : Morning!
10:30 am Curtis M : Many ranges today to work with
10:30 am Curtis M : scans will be ready in 5 mins
10:42 am Curtis M : $USD/JPY huge deflation issue $GOLD
10:43 am Curtis M : BTW All algo updates out tonight for all 6.
10:44 am Curtis M : Looking for bottom of range in creude for an entry.
10:51 am GSCT . : Holiday week though.
10:51 am GSCT . : Thanksgiving.
10:55 am GSCT . : Markets closing 1pm Friday.
10:57 am GSCT . : The red dotted one?
10:57 am GSCT . : Dashed
10:58 am GSCT . : That’s a busy chart.
11:23 am Mathew Waterfall : Long UWTI 21.3
11:24 am Curtis M : Long $UCO 9.77 200 share tight stop
11:31 am Curtis M : Out $UCO 9.67 loss looking fo re-entry
11:56 am Mathew Waterfall : ouch
11:56 am Mathew Waterfall : sold at 21.04
11:56 am Mathew Waterfall : yikes
11:56 am Mathew Waterfall : that was super weird
12:14 pm Mathew Waterfall : Just a heads up, on this move I got some really weird stuff from UWTI
12:15 pm Mathew Waterfall : Orders not getting filled or delayed
12:15 pm Mathew Waterfall : liquidity seems to be drying up
12:20 pm Sartaj Hundal : We are performing more fault tolerance and load testing today. Currently splitting users into sub-rooms. Broadcasting will not be interrupted.
12:22 pm OIL K K : Watching Oli Close now… this may be bottom for a while $USOIL $WTI
12:30 pm Deb Clarin : Thank you
12:38 pm Dean P : .
12:40 pm David C : OIL LOD approaching
12:51 pm Mathew Waterfall : In UCO 9.6
12:56 pm Curtis Melonopoly : Long $XIV 43.28
01:03 pm Curtis Melonopoly : Sorry 800 shares
01:35 pm Mathew Waterfall : out of uco
01:35 pm Mathew Waterfall : looking for retest on 10/20 on 1′
01:37 pm Mathew Waterfall : Or clear and hold of 200
01:37 pm Curtis Melonopoly : Out $XIV 43.43
01:48 pm Curtis Melonopoly : Long $SKLN 4.77 3000 shares
01:49 pm Mathew Waterfall : oil getting nasty
02:05 pm Curtis Melonopoly : Out $SKLN 4.54 loss
02:11 pm Curtis Melonopoly : $SKLN Long 4.81 2000 shares
02:16 pm GSCT . : SCON similar set up right now
02:21 pm Curtis Melonopoly : $SKLN out 4.90 looking for reenter
02:28 pm Mathew Waterfall : Im all out of my oil position. Don’t want to hold ON
02:30 pm Mathew Waterfall : I have a few in and outs
02:30 pm Mathew Waterfall : UCO originally was 9.6. Just sold when oil was at 48
02:30 pm Mathew Waterfall : Also traded straight /cl contracts
02:31 pm Mathew Waterfall : I trade off of the /cl price more than the price of the other instraments
02:31 pm GSCT . : You were Tweeting in your sleep.
02:33 pm GSCT . : 🙂
02:34 pm GSCT . : LOL
02:40 pm GSCT . : REN what a pop
02:42 pm GSCT . : Oil rocking now
02:46 pm GSCT . : Gold going south
02:47 pm Curtis Melonopoly : LOng $SKLN 2000 4.82 late alert
02:59 pm GSCT . : This is awesome.
02:59 pm GSCT . : 5000 SKLN Long for Curtis
03:00 pm GSCT . : at 5.12
03:05 pm Curtis Melonopoly : OUt $SKLN 5000 5.11 and 2000 5.09
03:08 pm GSCT . : Great play by play though
03:08 pm GSCT . : WIll that be a regular feature of the room?
03:10 pm GSCT . : Will you all be on mic?
03:15 pm GSCT . : High relative volume now SKLN
03:17 pm Mathew Waterfall : Taking some FB calls here Dec 9 126s for the gap fill
03:17 pm Mathew Waterfall : Decent consolidation today
03:18 pm GSCT . : You don’t sound old enough for retirement
03:19 pm Mathew Waterfall : Also reloading FH commons right here for a trip back to the 3s
03:21 pm Mathew Waterfall : Also looking at DUST weeklies for this week and next
03:24 pm Mathew Waterfall : I’m liking the low float bios here as well. In TKAI and ADHD
03:27 pm Mathew Waterfall : Short /ES. Think we see lower before we blast off higher. Nothing crazy but want to be ready for it
03:27 pm Mathew Waterfall : And that’s it for my end of day position dump lol
03:27 pm Mathew Waterfall : Yepp
03:27 pm Mathew Waterfall : likely to take TZA calls as well
03:28 pm Mathew Waterfall : probably cheap weekly lottos
03:29 pm Mathew Waterfall : I think oil can move higher, but these outsized moves in names like X and AKS need to take a breather
03:45 pm GSCT . : What was the tell on the washout? So late?
03:45 pm GSCT . : SKLN
03:55 pm GSCT . : And waht originally caught youtr atention to enter it?
03:55 pm GSCT . : what originally
03:58 pm GSCT . : Thanks.
04:00 pm Curtis Melonopoly : Have a great night! Big morning on deck. Algos tonight come out.

 

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SKLN, $UCO, $XIV, $USF/JPY, $USOIL, $WTI, OIL

16
Nov 2016

Pre-Market Newsletter Wednesday Nov 16 ($USD/JPY, $IWM, $RWM, $IWM, $FAZ, $USOIL, $GDX… more.)

Trading Plan , , , , , , , , , , , , , , , , , , Curt Melonopoly

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

14
Nov 2016

Pre-Market Newsletter Tuesday Nov 15 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

Trading Plan , , , , , , , , , , , , , , , Curt Melonopoly

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): Airlines. 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. 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

14
Nov 2016

Post Market Mon Nov 14 $THC, $FAZ, $USLV, $UWTI, $XIV, $DRYS and more.

Post Market Report (Trade Results) , , , , , , , , , , , , , , Curt Melonopoly

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

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