Compound Trading Chat Room Stock Trading Plan and Watch list for Wednesday July 19, 2017; $VRTX, $AAOI, $SRG, $NFLX – $SRG, $WMT, $NFLX, $UUP, $SSH, $LGCY, $TRCH, $ESEA, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notices:
Notes in red text below are new comments entered specifically today.
Today’s Live Trading Room Link:
http://compoundtrading1.clickmeeting.com/livetrading
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Disclaimer / disclosure: Every subscriber must read this disclaimer.
Reporting and Next Gen Algorithms:
GOLD alerts: Twitter Alert Feed Service On Deck Today. See Sartaj.
Post market catch up posts still on to do list (we have about thirty from last quarter to post for transparency). Hopefully going forward now that we aren’t releasing any new algorithm models etc I’ll be able to get the rhythm of reporting cycle fluent / regular. It was the development / math etc of the models that took most of the energy so it should be good going forward. Between now and Christmas we’re just locking in what we have tighter and tighter so it sounds like a good plan:)
Quarterly PL’s are in process.
Master Class Charting Series Webinars:
Tues, Wed, Thur, Fri from 2 PM to 3:30 PM. Will continue the following Tuesday if more time is needed. All members will receive a copy in their email. Full series will be posted to website at a cost of 2999.99. Early adopter members (anyone to date as of Tuesday when it starts) receives it free.
Wed 10:00 #EIA Report Oil Trade Charting Review hosted by Epic Oil Algo. Public Welcome $USOIL $WTI $CL_F #OIL #OOTT
https://twitter.com/CompoundTrading/status/887382693486440449
Connect with me on Discord and lets take this up a notch!
https://twitter.com/CompoundTrading/status/880670140454637569
Recent lead trader blog / video / social posts:
July 17 Trade Set-Ups $SRG, $DUST, $AAOI, $HIIQ, $LITE, $IPXL, $IMGN, $QBAK, $SGMO, $ADOM, $BDSI and more.
https://twitter.com/CompoundTrading/status/887623442895392769
July 18 Market Open Live Trading Wins $CAPR, $SPWR, $NFLX, $SRG, $USOIL, $WTI $GOLD, $GLD…: http://youtu.be/_gHXVwdI0DY?a via @YouTube
https://twitter.com/CompoundTrading/status/887529549382242305
Members: Vid in your email inbox July 18 Mid Day Trade Set-Ups $NFLX, $GOLD, $GDX, $SPWR, $CAPR, $WTI, $USOIL, $MBRX, $EDUC, $IMGN, $DXY …
https://twitter.com/CompoundTrading/status/887525347507544066
Members: July 18 Master Class Series Video 1 is in your email inbox. #trading #masterclass #freedomtraders
Members: July 18 Master Class Series Video 1 is in your email inbox. #trading #masterclass #freedomtraders
— Melonopoly (@curtmelonopoly) July 19, 2017
https://twitter.com/CompoundTrading/status/846494014635429888
The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports will be out soon.
https://twitter.com/CompoundTrading/status/841078264537993218
Trading Plan (Buy, Hold, Sell) and Watch Lists.
Morning momentum stocks on watch so far:
See member top ten watchlist published early in week.
Protected: Top Ten Trade Set-Ups List for Week of July 17
https://twitter.com/CompoundTrading/status/886869369967521794
Other Gaps of Note Premarket:
Bias toward / on watch:Oil $USOIL $WTI is holding range and right near EPIC the Algo’s target for today (hit yesterday’s target) , $DXY US Dollar has lost support (kind of) and if it doesn’t regain very soon I’ll cut my test size entry in $UUP at a loss, Gold / Silver holding up (some pressure) and I posted a chart on Trading View and my Twitter feed. $SPY holding and $VIX moderate to no life signs – there is a general time / price cycle terminating end of this week and a serious one early Sept I am watching.
Gold MACD crossed up, over 200 MA, divergent from history I referenced recently. $XAUUSD $GLD $GC_F #GOLD https://www.tradingview.com/chart/XAUUSD/TbpN6RXy-Gold-MACD-crossed-up-over-200-MA-divergent-from-history-I-refe/ …
Gold MACD crossed up, over 200 MA, divergent from history I referenced recently. $XAUUSD $GLD $GC_F #GOLD https://t.co/M5NsO1jMZB pic.twitter.com/BIBTEgLIgn
— Melonopoly (@curtmelonopoly) July 18, 2017
Important Points of Reference on Conventional Oil Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT
Important Points of Reference on Conventional Oil Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT pic.twitter.com/tNfm8dUIXL
— Melonopoly (@curtmelonopoly) July 18, 2017
OTC on watch:
Recent Momentum Stocks to Watch: See top 10 list.
Recent SEC Filings to Watch:
Some Earnings On Deck: $AA $AXP $BHE $CATY $CCI $CCK $CHRW $CP $FNF $HAWK $KALU $KMI $PLXS $PTC $QCOM $RLI $SLG $SLM $SRPT $STLD $TCBI $TMUS $URI $VMI
$NFLX swing trade going well. #swingtrading
$NFLX swing trade going well. #swingtrading pic.twitter.com/KkdwtWH8aB
— Melonopoly (@curtmelonopoly) July 18, 2017
Holds (specifically on day trading side): $SRG, $NFLX, $WMT, $UUP test starter swings. All other holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (all not including my swing trading or algorithm charting trades).
Some Recent Chart Set-ups on Watch: See mid day reviews on You Tube. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
$SRG Premarket remains in bullish formation. #swingtrading #daytrading
Market Outlook:
Mid day charting and swing charting has many plays right near buy triggers, so that is positive.
Market News and Social Bits From Around the Internet:
7:00
Mortgage Applications
8:30
Housing Starts
10:30
EIA
MBA Mortgage Apps +6.3%
Purchases +1.1%
Refis +13.0%
Morgan Stanley EPS $0.87, Exp. $0.76; Revenue $9.5BN, Exp. $9.09BN,
FICC revenue $1.2BN, Exp. $1.2BN
Goldman Downgraded at KBW as ‘Revenue Outlook Dims Again’
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading 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: $AEZS 47%, $VRTX 27%, $XGTI $SNI $DCTH $MDGS $VIPS $NVAX $ASML $FSLR $MS $RAD $STM $JDST $MU $SNAP $JD $AMD $BABA 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: See Top 10 Ten List
(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) Recent Upgrades: $GRMN $VRTX $SON $PPL $TRIP $SCSS $ENR $BA as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $AVHI $GS $SLGN $AMC $DAN $PYPL $SJM as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct. Our lead trader Twitter feed is here @curtmelonopoly and lead tech developer @hundalSHS.
Article Topics: $VRTX, $AAOI, $SRG, $NFLX – $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Premarket, Watchlist, Stocks, Trading, Plan, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD