The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
$SPY is on support and lost 50 MA, $GLD is over 200 MA in break out, $GDX is testing 200 MA resistance, $USOIL, $WTIC (in upward channel) BUT is very near real significant resistance.
OTC on watch $USRM, $LIGA, $MMEX
Most holds are small to mid size holds in this order according to sizing – $DWT, $XIV, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook :
Per recent reports:
There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $SRNE $NADL $CNTF $GLBS $JNUG $WFT $AMD $NVDA $$MU $AERI $SNAP I will update before market open or refer to chat room notices.
(3) Other Watch-List: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: $NS $SKYW $CTSH $ECHO $CPE $MTZ $KBH as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $WFT $TLP $WIX $FSV $MOSY 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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Most recent Keep it Simple Swing trade Charting Post on Sunday April 2, 2017 (MACD, MA, Stoch RSI, SQZMOM focus) – new one for April 10 week is not ready yet:
Current Holds / Trading Plan:
Main watchlist in my trading plan today: $SPXS – $SPY (at resistance soon), $DUST – $GLD, $GDX (Gold at test resistance / support), $DWT – $USOIL, $WTIC (in upward channel) BUT is very near real significant resistance, OTC on watch $USRM, $LIGA, $MMEX
Most holds are small to mid size holds in this order according to sizing – $DVN (larger holding), $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook :
Per recent reports:
There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. The daytrading side I am 95% cash now that I am out of $UWT so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Gap ups / momo on these plays: $TSLA $CYTX $CERN $SWFT $AKRX $WINT $AKS $X $TWLO $JDST $LABU $UWT $SPY $BBL $WFT $DUST $MRO $XCRA
News on these plays: $CYTX, $GERN
Chart Set-Ups: See our YouTube Feed and My Twitter Feed
Previous Day Momentum Stocks to watch:
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $TXMD $NUGT $JNUG $GLD $CCCR $HTGM $SNOW $AEHR $RUSL $DGAZ I will update before market open or refer to chat room notices.
(3) Other Watch-List: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Main watchlist in my trading plan today: $GLD, $GDX (at test resistance / support), $USOIL, $WTIC (in upward channel break out) OTC on watch $USRM, $LIGA, $MMEX
Most holds are small to mid size holds in this order according to sizing – $DVN (larger holding), $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. The daytrading side I am 95% cash now that I am out of $UWT so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Premarket momentum stocks to watch: $BLPH, $AUPH $NXTD
$RIG Premarket. Posted this on watchlist a few days ago. #swingtrading #oil
Chart Set-Ups: See our YouTube Feed and My Twitter Feed
Previous Day Momentum Stocks to watch:
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $DRYS -21%, $CBIO -15%, $CLNT $CJ $JDST $DUST $VEON $VALE $CLF $DWT $YNDX $RSX $GRFS $RIO $SCO $SVXY $MBT $MT I will update before market open or refer to chat room notices.
(3) Other Watch-List: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades:as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Main watchlist in my trading plan today :$NVFY, $TENX, $SCON, $AKTX, $XIV, $GLD, $GDX, $USOIL, $WTIC OTC on watch $USRM, $LIGA, $MMEX
All my holds are small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. The daytrading side I am 95% cash now that I am out of $UWT so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Premarket momentum stocks to watch: $NVFY, $TENX, $SCON, $AKTX
Previous Day Momentum Stocks to watch: $INNL, $PLU, $CALI
$XIV Premarket
7:30am
-Chain Store Sales
-Challenger Job-Cut Report
8:30am
-Jobless Claims
-Gallup Good Jobs Rate
10:30am
NatGas #
Jazz Pharmaceuticals stock jumps 6.6% premarket
Advanced Micro down 3.5% on Goldman downgrade https://seekingalpha.com/news/3255888-advanced-micro-3_5-percent-goldman-downgrade?source=twitter_sa_factset … #premarket $AMD
$SCON upgraded to BUY with a $3 Price target at Rodman Renshaw
Constellation Brands stock climbs 4% premarket after whiskey-fueled earnings http://on.mktw.net/2od0h6s
$KMX shares up 3.2% in premarket after earnings beat
$STZ now up 4% #premarket on the solid earnings.
CarMax shares gain in premarket trade on earnings beat, store expansion news http://on.mktw.net/2oddtYY
Lexaria completes a $1.7M private placement https://seekingalpha.com/news/3255862-lexaria-completes-1_7m-private-placement?source=twitter_sa_factset … #premarket $LXRP
GoPro -2% on convertible offering https://seekingalpha.com/news/3255886-gopro-minus-2-percent-convertible-offering?source=twitter_sa_factset … #premarket $GPRO
$CAH upgraded to ‘Outperform’ from ‘Inline’ at Evercore ISI with a 12-month target price of 91.50; closed previous session 80.53 #stocks
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
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: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Main watchlist in my trading plan today: $INNL of course is on watch with my overnight hold, I was going to sell in premarket when it up 83% bought I though lets run it at open and see, OTC on watch $USRM, $LIGA, $MMEX. $PLUG, $INNL, $NEOT are the momentums on watch and $USOIL, $WTIC, $RIG are the oil related.
All my holds are small to mid size holds in this order according to sizing – $INNL, $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
$PLUG, $INNL, $NEOT, $USOIL, $WTIC, $RIG Oil Plays on Watch (see my Twitter feed).
Per recent reports:
There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. The daytrading side I am 95% cash now that I am out of $UWT so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Premarket momentum stocks to watch: $PLUG, $INNL, $NEOT
Gaps on these plays:
News on these plays:
Chart Set-Ups:
Previous Day Momentum Stocks to watch: $INNL
$PLUG Premarket up 63%. Plug Power.
$INNL Premarket is up 43% #tradingplan #stocks #daytrading
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
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: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Holding $UWT 30% of a 100% position. Looking for a continuation of rally in crude oil or failure of support.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
It is Friday, last day of the month, and last day of the quarter – be cautious and take it easy today.
Per last report: There are significant resistance clusters just above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I will also be wanting to move out of my significant swing trading side holdings and pick more closely. The daytrading side I am 75% cash (and 95% when out of $UWT) so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
Per recent reports:
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or support) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also recently added to watch $CEW, $MYL, $TZA, $TREE and today added are $NVDA, $SOXS, $KBH, $BCOR. Also on OTC side new are $USRM, $PLSB, $LIGA and $ASCK.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Premarket momentum stocks to watch: $SORL, $AKTX, $FMC
$SORL Premarket up 40.8%
Gaps on these plays:
News on these plays: $AKTX, $BBRY
Chart Set-Ups: $XBIT, Our algos – support and resistance everywhere. Oil and SPY have come off of support and Gold and Silver have respected resistance – but you will want to watch closely going forward.
$FMC stock soars 11% premarket after asset purchase deal with $DD
$NH PT lowered to $8 from $16 at Jefferies
$CPSH – Horton Capital Partners Fund Reports 5.01% Stake In CPS Technologies as of March 22 -13D
$VRTX upgraded from Hold to Buy at Maxim. PT $143
$NKE up premarket after data
$BLRX slumps 17% premarket on increased volume in response to its announcement of a public offering of ADSs
$CTSO eases 7% premarket on light volume in response to its announcement of a public offering of common stock
$BDSI is up 12% premarket in increased volume in response to FDA-approved products
$SNE #SONY up #premarket
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
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: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
While we had a day off yesterday (internet outages in area now fixed) I Scaled in rest of full long position $UWT and trimmed 50% EOD. Add again on pullbacks or b/o. $USOIL $WTI $CL_F
We have yesterday’s inflection of Gold and Silver resistance, the US Dollar support, Oil at support, $SPY support and volatility $VIX starting to come alive. None of which broke through support or resistance and $VIX started to come back down.
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 95% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
There is significant resistance clusters just above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I will also be wanting to move out of my significant swing trading side holdings and pick more closely. The daytrading side I am 95% cash so I am fine. I see significant upside challenges in Oil and SPY with most recent highs being taken out.
$LULU and $VRX I am watching for possible bounces – seem over done in both instances. $JDST is on high watch considering the resistance in Gold and miners of late. And $SPY has strong resistance above (as far as our algorithm is concerned) so $VIX is on high watch again also.
Divergence res to upside isn't immediate but isn't far off either. #math#naturalorder#algorithms We are all an algorithm.
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or support) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also recently added to watch $CEW, $MYL, $TZA, $TREE and today added are $NVDA, $SOXS, $KBH, $BCOR. Also on OTC side new are $USRM, $PLSB, $LIGA and $ASCK.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Chart Set-Ups: Our algos – support and resistance everywhere. Oil and SPY have come off of support and Gold and Silver have respeced resistance – but you will want to watch closely going forward.
Previous Day Momentum Stocks to watch:
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
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: Per above
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: $NLNK $APPS $GRFS $RRC $EOG $COP $GPN $CYBR $ALV $GALT $FDX as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $LULU $EXAR $SCWX $CY $FSC $GT $GWW $RH 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).
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms and Daytrading Quarterly Performance Reports are being compiled as I write and will be posted soon.
We have Gold and Silver at resistance, the US Dollar at possible support, Oil at support, $SPY at support and volatility $VIX is finally alive! Today, or at least the next few days the decisions should be made. Either way it looks like we have some trading range coming!
$VIX Longest run since shortly after Ronald Reagan was 40th US President. Speaking of Reagan I remember Mar 30 81 like yesterday🙈. #Hinkleyhttps://t.co/GAU4ZRR02B
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 95% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or suport) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also recently added to watch $CEW, $MYL, $TZA, $TREE and today added are $NVDA, $SOXS, $KBH, $BCOR. Also on OTC side new are $USRM, $PLSB, $LIGA and $ASCK.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Morning momentum stocks watchlist: $HTGM $GBR $APOP $PRTK for premarket momentum stocks, $USRM I have been trading range with success (OTC), $VIX is looking like it may come alive here, $WTIC range trading opening for me, Gold – $GLD, $GC_F interesting now at resistance and looking for possible add to $DUST $JDST also.
$HTGM Premarket up 28%
Gaps on these plays:
News on these plays: $APOP
Chart Set-Ups: Our algos – support and resistance everywhere.
Previous Day Momentum Stocks to watch: $GBR, $NAKD
10:30am
Dallas Fed Mfg Survey
1:15pm
Charles Evans Speaks
6:30pm
Dennis Kaplan Speaks
$APOP Cellect Biotechnology Says First Stem Cell Transplant Has Been Completed in Phase I/II Trial
$DCTH Announces SPA With FDA for Pivotal Trial With Melphalan/HDS in Intrahepatic Cholangiocarcinoma
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $FOMX -50%, $ARQL -14%, $GII -12%, $NVCN -7%, $JDST $GALE $DUST $MTW $AKS $CLF $X $FCX $FAS $DGAZ $GOGL $TNA I will update before market open or refer to chat room notices.
(3) Other Watch-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) Upgrades: $ADBE $PKI $ABCO $MIK $ITW $BBY $MDRX $WFT $BKD $ANET $HCA $UHS $GBDC $THR $FLS $AAPL $HIMX $EW $SAFM $OFS as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $TECH $PVTB $HCP $INTU $WAGE $LYG $PSO $KBH $SPWH $ADPT $PPC $SWIR 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).
Compound Trading Friday March 24, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $USRM, $HTGM, $GBR, $ZAIS, $PLSB – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc…
Intro:
Compound Trading is trading group involved with day trading, swing trading and algorithmic model chart trading.
Time stamped entries (in permanent archive) copied to this blog 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. At times guest traders and associate traders will screen share charting and/or voice broadcast.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .
$PLSB Look at the liquidity that rolled in to this OTC stock yesterday wow #stocks #watchlist
Stocks, ETN’s, ETF’s I am holding:
I am holding (in order of sizing – all moderately small size to micro sizing) – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so. I am now 95% cash in daytrading account.
Last weekend we produced some simple swing charting that keeps me level when looking at the markets (examples below). Simple charting I find grounds you to simple trades which in turn keeps you profitable in toppy or sideways markets.
A new swing trading series will be published March 27, 2017.
Live Trading Chat Room Transcript: (on YouTube Live):
Compound Trading Stock Chat-room Transcript:
Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Also, times areCentral Mountain below (we’re working on the fix now), so for New York ET time add two hours to all times. Also, most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades).
Note: It is very unfortunate the first hour is missing on the transcript (hence why were are testing a new trading room next week). Most of the action was in the first hour – but the video does have the charting and audio for learning traders.
Note 2: Also, there is an issue with transcript spacing from Friday (below). We will clean this up when we have a moment over the next few days.
8:36 AM Flash G You will like their trading styles also.
8:36 AM wintonresearch i agree- lots to learn from all around
8:37 AM Flash G Its very fluent and helpful to have lots of experience working together.
8:38 AM Flash G When we’re all back together as a group I will try and talk Curt in to the media programs he has put on hold so we have some younger traders to pass the knowledge on to.
8:38 AM Flash G That is really interesting.
8:38 AM Curtis Melonopoly wash out play here on $TOPS
8:40 AM Flash G Yes sorry Curt. Will the new platform next week have private messaging?
8:40 AM Curtis Melonopoly no prob
8:40 AM Curtis Melonopoly yes it does fyi
8:40 AM Curtis Melonopoly small group talk away
8:40 AM Curtis Melonopol yit would only be a concern with a large group
8:40 AM Flash G Thanks
8:42 AM wintonresearc Flash- i use signals that make use of astrology that helps me look around a few corners, often helps to pick up on moves in specific stocks, sectors during a specific period
8:42 AM Curtis Melonopol yI’ll rebook the media shows soon. we delayed to get PL s done start coding algos and finish educational library which were working on now
8:42 AM Flash G That is fantastic Nicholas
8:43 AM Flash G It will be great when we all get together in person. I know Curt has something planned for late fall.
8:43 AM wintonresearch thanks Flash- interesting stuff for sure
8:44 AM Curtis Melonopoly100 day crossed 20 on $TOPS but 200 overhead and just shy of VWAP
8:45 AM wintonresearch are you on Twitter Flash?
8:48 AM Flash G No I should do that
8:48 AM Flash G I watch it
8:48 AM Flash G My newest grand daughter said she would do that for me.
8:48 AM Flash G What is your Twitter address Nicholas?
8:49 AM MarketMaven M I’m in $USRM here at VWAP I think bulls will come over noon hour
8:50 AM Curtis Melonopoly OK then
8:53 AM wintonresearch search Twitter for HedgehogTrader
8:54 AM Flash G OK
8:54 AM Flash G I will connect us this weekend
8:55 AM Flash G $NKE Swing I am trailing out 50% soon
8:55 AM Flash G OK
8:55 AM wintonresearch natty gas has held up well
8:55 AM wintonresearch UGAZ has that look
8:56 AM Flash G $USDJPY could go lower soon.
8:57 AM MarketMaven M I missed out on $FUEL. It was on my watchlist last week.
8:58 AM Curtis Melonopoly $USRM start 803
8:59 AM Curtis Melonopoly watching MACD on 1 if confirms I will move to 3 and 5 minute
9:00 AM MarketMaven M $USRM at HOD I will come
9:00 AM MarketMaven M whoa big sell there
9:03 AM Curtis Melonopoly hopefully time of day doesn’t ruin it
9:03 AM Curtis Melonopoly stich rsi may turn up here
9:06 AM wintonresearch bt Flash- some interesting things happening in miners – about 10 days ago Barrick $ABX Chairman bought 183,000 shares at $18 nice chunk of change
9:07 AM MarketMaven M Lets do this
9:07 AM MarketMaven M flash likely on lunch lol
9:08 AM wintonresearch lol
9:08 AM Curtis Melonopoly stop at entry fyi
9:09 AM Curtis Melonopoly it will go again today or Monday I’m so I will chew around edges
9:09 AM Curtis Melonopoly there’s my stop flat
9:11 AM MarketMaven M $INTC on my watch yessir
9:11 AM gary y Nich, I saw where he bought $ABX at $19
9:11 AM Curtis Melonopoly in $USRM 78
9:13 AM MarketMaven M who did gary?
9:14 AM wintonresearch yes sorry i meant 19
9:14 AM gary y$ ABX chairman John Thorton former $GS president
9:15 AM MarketMaven M yes i think curt was tweeting about it too – i should study on that one
9:15 AM wintonresearch and another insider bought 9k shares before him
9:16 AM wintonresearch Thornton himself bought over 200k shares in two buys
9:16 AM MarketMaven M $GEVO jiggy
9:16 AM MarketMaven M maybe i should take $ABX serious
9:17 AM wintonresearch yeah serious money
9:17 AM MarketMaven M actually I think its on Curt’s Swing newsletter is where I saw it $ABX not sure
9:18 AM gary y Curt tweeted about it on 3/22
9:21 AM wintonresearch Insiders and I think it is mainly Thornton have bought over $20M in shares since 2015
9:22 AM MarketMaven M thats where i seen then thanks gary
9:22 AMwintonresearchand not a single share sold
9:23 AMwintonresearchincredible
9:23 AMwintonresearchjust pulled up my research
9:28 AM MarketMaven M Ah ha I found it on Part 1 of Curt’s 3 part swing trading report last Monday
9:28 AM MarketMaven M Here’s the comments
9:28 AM MarketMaven M March 20 – I will enter a long when price above 20 50 100 200 MA’s and will likely wait for the 200 MA to cross 100 MA (although no absolute). Like with all others I will exit when MACD turns down.
9:28 AM MarketMaven M FWIW
9:29 AM Curtis Melonopoly haha maven you’re starting to study
9:29 AM Curtis Melonopoly excellent
9:29 AM MarketMaven M?
9:30 AM MarketMaven M Where’s Lenny been?
9:30 AM MarketMaven M oh theres $USRM!
9:30 AM MarketMaven M Here we go LETS DO THIS awe jeez
9:33 AM MarketMaven M Long $USRM!
9:33 AM MarketMaven M a little early
9:44 AM MarketMaven M add
9:44 AM Curtis Melonopoly MAC getting pretty flat
9:46 AM MarketMaven M $MTNB jiggy
9:49 AM MarketMaven M $RGLS on scan
9:50 AM Curtis Melonopoly SQZMOM red on $USRM
9:55 AM MarketMaven M $IMMA lol
9:58 AM MarketMaven M Any thoughts on $CBIO anyone?
9:59 AM Curtis Melonopoly on my screens watching $CBIO a lot of chatter
10:07 AM Flash G $FCX on watch here
10:08 AM MarketMaven M How was lunch?
10:08 AM MarketMaven M I heard our crew back sometime next week from Panama? That will heat things up in here ?
10:08 AM Flash G Good thanks Salmon
10:12 AM Flash G $FCX really key area here
10:13 AM Curtis Melonopoly have it up on monitors Flash
10:18 AM wintonresearch nice flash
10:24 AM Flash G $FCX soon for me
10:24 AM Flash G Also wondering what $TSLA will do
10:24 AM Flash G And $F
10:27 AM
Compound TradingALERT: Stocks moving lower amid health bill jitters; 32 Republicans leaning no or planning to vote no, per NBC tally http://www.cnbc.com/2017/03/24/us-mar… …
10:31 AM Curtis Melonopoly a lot of bears on social right now
10:31 AM Curtis Melonopoly time to buy I guess
10:32 AM Curtis Melonopoly the thought market tanks on this vote …. okidokie
10:32 AM Flash G fun times
10:35 AM Curtis Melonopoly $HTGM on the move
10:38 AM Mathew w What a boring/messy day out here. This damn healthcare makes me what to shut er down and get the weeekend started early lol
10:39 AM Curtis Melonopoly cheers ✌ lol ya
10:32 AM Curtis Melonopoly the thought market tanks on this vote …. okidokie
10:32 AM Flash G fun times
10:35 AM Curtis Melonopoly $HTGM on the move
10:38 AM Mathew w What a boring/messy day out here. This damn healthcare makes me what to shut er down and get the weeekend started early lol
10:39 AM Curtis Melonopoly cheers ✌ lol ya
10:39 AM Flash G Would appreciate a scotch
10:40 AM Mathew w haha flash. It’s only 9:40 here, thinking wine or maybe a nice irish coffee
10:41 AM Mathew w Bad weather though so bad day to hit the wine tasting shops
10:41 AM Flash G Aberlour specifically I have in stock I believe
10:41 AM Flash G Oh yes I see
10:42 AM Mathew w I do have some Glenlivet 21 year around though
10:42 AM MarketMaven M $USRM will be exciting I can feeel it ?
10:43 AM Flash G Excellent
10:43 AM Flash G Real drink there
10:44 AM Flash G Isn’t that a 200 bottle?
10:44 AM Flash G Or am I thinking of something else?
10:45 AM MarketMaven M HOLY SHIT
10:45 AM MarketMaven M it’s going!
10:45 AM MarketMaven M adding again
10:45 AM MarketMaven M $USRM ?
10:45 AM Mathew w Yea just over that I think Flash
10:46 AM Mathew w We get busted with crazy taxes up here as well so I think the final price out the door is somewhere around 250
10:46 AM Flash G I thought so.
10:46 AM Flash G I will try it. You recommend it?
10:47 AM Curtis Melonopoly look at that stochastic rsi on $USRM
10:48 AM Curtis Melonopoly 3 min MACD turned up $USRM
10:48 AM Curtis Melonopoly and volume
10:49 AM Curtis Melonopolyand SQZMOM
10:50 AM Mathew wYea super smooth Flash. OK i’ll stop talking scotch back to sotcks
10:50 AM Flash G Thanks Mathew
10:51 AM Curtis Melonopoly I haven’t drank in over a year and ah ya maybe I’ll have a scotch yet today
10:52 AM Mathew w ECR and other natty names finally getting their grove on here. Trimmed some ECR and will add back on dips or break and close of trendline
10:55 AM Flash GIs $USRM an unusually strong OTC?
10:55 AM MarketMaven M Yes, it is some jailers at work imo Flash
10:55 AM Flash G Like the old days.
10:56 AM MarketMaven M? yessir
10:56 AM Flash G Tempted.
10:56 AM MarketMaven M ha ha
10:56 AM MarketMaven M Let loose a little have a scotch and an OTC stock play it’s Friday!
10:57 AM MarketMaven M ? for me soon.
11:05 AM MarketMaven M Curt, this $USRM reminds me of previous new house plays. $LEU Turing Pharma and a few others we have rocked.
11:06 AM MarketMaven M Not likely because it is OTC but you just don’t know
11:07 AM Curtis Melonopoly a new car would be nice
11:07 AM Curtis Melonopoly a nice bottle of scotch like the Boyz r talking at minimum
11:10 AM Curtis Melonopoly $USRM out 865 nice win will receive emter
11:11 AM MarketMaven M what?
11:11 AM MarketMaven M oh well congrats I AM HOLDING
11:12 AM Curtis Melonopoly just chewing the edges maven till it flies likely Monday
11:12 AM MarketMaven M too much work
11:13 AM MarketMaven M The right time of day coming very soon again
11:13 AM Curtis Melonopoly true watching indicators
11:14 AM Curtis Melonopoly I’ll get us all indicators
11:14 AM MarketMaven M bring in the bots!
11:15 AM Flash G This is interesting.
11:19 AM Curtis Melonopoly back in $USRM 883
11:20 AM Curtis Melonopoly correction 88
11:20 AM MarketMaven M It’s gonna go here now
11:21 AM MarketMaven M I’m jamming to Guns and Roses with my cat
11:25 AM MarketMaven M Here she goes!
11:25 AM MarketMaven M and $ZAIS buying
11:28 AM Curtis Melonopol yindicators on it are tricky was looking for a chart bot buy
11:28 AM MarketMaven M Just sit back and relax.
11:31 AM
Compound Trading Rigs in 29 Minutes
11:32 AMMathew w+22 on rig count
11:34 AM MarketMaven M Volume!
11:35 AM
Compound Trading Ha thanks Michael My Second Day here!
11:36 AM MarketMaven M That was awesome!!! hahaha
11:36 AM MarketMaven M We welcome to your 2nd day.
11:39 AM MarketMaven M Told you mr.
11:40 AM Flash G I think the news alert chap is embarrassed.
11:41 AM wintonresearch btw everyone has forgotten it but $ICLD might be worth looking at again
11:42 AM wintonresearch in my forecasts it looks like it should start to move higher
11:43 AM Flash G I agree Mathew.
11:49 AM MarketMaven M $AMDA time
11:52 AM
Compound Trading Gold futures tally a weekly gain of roughly 1.5% http://on.mktw.net/2n2hBre ?
11:53 AM MarketMaven M Thanks news person!
11:54 AM Mathew w lol news algo
11:54 AM Curtis Melonopoly sold flat less a hotdog
11:57 AM MarketMaven M Curt ! Buy and hold this.
11:57 AM Scott Ryan mkt whoops
11:57 AM Curtis Melonopolyy a maven maybe
11:58 AM MarketMaven M hey scott
11:58 AM Scott Ryan hey MM
12:00 PM wintonresearch iirc Curt did call USRM a potential multibagger way back when.
12:00 PM MarketMaven M this is true
12:00 PM Scott Ryan DOW diverging weak .. not good but still just a range trade on near time frame unless it takes out 20546 on the DJI
12:01 PM wintonresearch $FAZ might move up here
12:01 PM Flash G Should sort itself in my opinion Scott. But a correction would be good.
12:05 PM Curtis Melonopol ybot buys on $USRM not predictable too bad
12:05 PM MarketMaven M oh I was wondering why you went through each chart
12:05 PM Flash G That is interesting. Learning today.
12:09 PM MarketMaven M Here comes $LUV
12:09 PM MarketMaven M $LOV
12:09 PM MarketMaven M Luvvy $LOV
12:11 PM MarketMaven M $HTGM volatility
12:16 PM Mathew wCRK trim. Added a couple times in the 8 range and got a bit heavy, want to see how it handles the recent highs up here around 9
12:22 PM Scott Rya nFlash I dont see anything in the immediate that makes me think we are done. that being said I am watching DOW closely and open to jumping on that bus
12:22 PM Scott Ryan wait did I just imply I’m jumping on the short bus? nm disregard
12:24 PM optionsavvy ahh much better. needed that name change
12:25 PM MarketMaven M $GBR great play
12:25 PM Flash G I agree
12:26 PM optionsavv yBAC may be playable on this retest of previous res to relieve caught sellers. options excellent way to leverage that trade back to 25s
12:28 PM Hedgehog Trader MM angry?
12:30 PM Hedgehog Trader btw Nicholas here- i also changed my name
12:31 PM MarketMaven M I think $ESEA will run
12:32 PM Flash G /NG action
12:36 PM Flash GLooking at $GS long possible …… fear
12:41 PM MarketMaven M We may not get EOD run on $USRM again
12:43 PM Hedgehog Trader ah MM thanks ?
12:44 PM MarketMaven M Seems everything lining up Nich
12:44 PM MarketMaven M All shippers shoulf have a great week knext week imo
12:48 PM Hedgehog Tradery eah miners might also
12:50 PM MarketMaven M I’m looking for a miners shippers otc party next week thats my hope
12:53 PM MarketMaven M maybe i should buy some insurance
12:53 PM Hedgehog Trade ranyone watching $ICLD
12:54 PM Flash G I have looked yes Nicholas.
12:54 PM Hedgehog Trade rICLD reminds me of USRM
12:54 PM Hedgehog Trader chart
12:57 PM MarketMaven M Chart bot BUY! on $USRM
12:57 PM MarketMaven M oh wait Curt said not to pay note
12:58 PM Flash G Looks like a good buy MM
12:58 PM Flash G They are buying it
1:09 PM Hedgehog Trader $TRCH undervalued based on fundies, maybe $2/share- good watch candidate
1:10 PMCurtis Melonopoly100 day seems like the best buy zone on $USRM
1:13 PMMathew wstarter in BCEI against .96. if XLE gets going this will rocket
1:20 PM Curtis Melonopoly Actuality $USRM bounced off the 200 on the daily and 21 ema ish
1:21 PM gary y $ABX moving off the 2 pm 30 min reversal bar
1:22 PM Flash G Watching very close Gary. I may open soon.
1:23 PM Curtis Melonopoly Buying at the low on Stoch RSI on daily has worked like a charm on $USRM until it doesn’t
1:23 PM Hedgehog Trader $MUX hod
1:31 PM MarketMaven M $MVIS perky
1:41 PM MarketMaven M So I guess we rally next week.
1:41 PM Flash G Good one.
1:44 PM Flash G Long 10% open $GS picking spots
1:51 PM MarketMaven M $SELB momo
1:58 PM Flash G Peace to you and yours folks!
1:58 PM MarketMaven M Have a great weekend Flash!
1:59 PM Curtis Melonopoly Have a good one guys and gals!
1:59 PM Hedgehog Trader have a good one
1:59 PM Mathew w have a good weekend all
1:59 PM MarketMaven M Thanks again Curt
1:59 PM Hedgehog Trader thanks Curtis
1:59 PM MarketMaven M c u all Monday
1:59 PM Hedgehog Trade rshippers and miners ?
1:59 PM MarketMaven M PS I might buy $USRM here hahahaha
1:59 PM Hedgehog Trader let’s hope
2:00 PM MarketMaven M and shippers and miners hahaha
Stock Trading Plan for Wednesday Mar 22, 2017 in Compound Trading Chat room; $DLTH, $UNXL, $MBRX, $PULM, $SNAP – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notes in red text below are new comments entered specifically today.
Notices:
Today’s Live Trading Room Link:
Today I am going to be in the live room the first hour and then I have to hit the road and visit oil country so Sartaj will be taking over the broadcast earlier in the day – I will still be in room as I have cell service in the truck.
Also important, we are going to try another platform for trading rooms – yes, but we gotta try and get what will work best, we’ll get you details. The YouTube platform we are having difficulty with outages, transcripts and lags.
Yesterday’s Stock Trading Results (the morning momo trade may help some early traders)
Per previous;
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms and Daytrading Quarterly Performance Reports are being compiled as I write and will be posted soon.
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 93% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
I have been saying it for almost a week on my post market trading results posts (and of course our algos have been firing off warnings) that the market looked toppy and yesterday evening while preparing for Tuesday open I was tweeting a storm of warnings and sure enough. We got a down day! Many of our standard watches are at support or at resistance with Gold, Oil, Silver, US Dollar, SPY etc. Could get very interesting. Of course I will be watching for long or short at support and resistance.
Swing trades on watch for me today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also watching $NG_F $UGAZ and how it handles 50 DMA as it is poking above its cup and handle currently. A $TLT short is on my watch today also. And $NAK with its volume premarket and recent price action is interesting.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
$SNAP Up just under 2% premarket and was up yesterday.
$SNAP Up just under 2% premarket and was up yesterday.
7am
Mortgage Apps
9am
House Price Index
10am
Existing Home Sales
10:30am
Petroleum Status Report
MBA mortgage applications index fell 2.7%, after rising 3.7% last
Purchases down 2.1%, +2.3% last
Refis down 3.3%, +4.1% last
UniPixel +25% pre-market, enters multi-year arrangement with major U.S. PC manufacturer for XTou… http://seekingalpha.com/news/3252716-unipixel-plus-25-percent-pre-market-enters-multi-year-arrangement-major-u-s-pc-manufacturer?source=twitter_sa_factset … #premarket $UNXL
Moleculin’s Annamycin an Orphan Drug for AML; shares ahead 16% premarket $MBRX
$SHLD (-15.4% pre) Sears Acknowledges ‘Substantial’ Fears It Could Go Bankrupt – Fortune
Last night at ~4:30 p.m., Sears released its 2016 annual report.
The company said it might go out of business.
Share fell 12% premarket
$AUPH PT raised from $9 to $11 at FBR
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
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:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: $RUN $BWA $FCX $TECK $LC $TRMK $BBVA $FFIN as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $SIRI $FTR $AAL $GIS $KATE $CNK $TDG 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).