Stock Trading Plan for Monday Mar 20, 2017 in Compound Trading Chat room;$BABA, $VRX, $NFLX, $WYNN, $CERU, $CTMX, $ESPR – $ONTX, $DUST, $USRM, $XOM, $NE, $BLKG, $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: https://www.youtube.com/watch?v=yY0Rr-zTyzc
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.
Most recent Keep it Simple Swing Charting Post (MACD, MA, Stoch RSI focus):
Results of Gold trade vote are in!
RESULTS ARE IN! Will the next leg in #Gold trading be up or down? Round 3. Tie breaker! $GC_F $GLD $XAUUSD $GDX $NUGT $DUST $JDST $JUNG https://t.co/7NVSaMQ3Kh
— Curtis Melonopoly (@curtmelonopoly) March 14, 2017
Current Holds / Trading Plan:
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $USRM, $XOM, $NE, $BLKG, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Crude #Oil 200 MA w MACD sell. Wait 20 MA cross 50 100 price above 20 MA long. $WTI $USOIL $CL_F, $USO, $UCO, $SCO, $UWT, $DWT,$UWTIF, #OOTT pic.twitter.com/a14mXOES4V
— Curtis Melonopoly (@curtmelonopoly) March 17, 2017
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:
No specific plan, watching momentum stocks and my swing trades.
Swing trades on watch for me today are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Morning momo stocks / watchlist: $CTMX, $ESPR, $DDC, $NKTR, $AXTI
Gaps on the plays: $ESPR $CTMX $DDC $MDCO $NKTR $GNMX $SFM
News on these plays: $ARTX $BLRX $CORI $CTMX $IMMY $OCLR
$CERU off 55% Premarket
8:30am
-Charles Evans Speaks
-Chicago Fed National Activity Index
1:10pm
Charles Evans Speaks
$CERU and Daré Bioscience Enter into Stock Purchase Agreement Where Equityholders of Dare Bioscience Will Become Majority Owners Of Cerulean
CytomX up 33% premarket on expanded partnership with Bristol-Myers Squibb http://seekingalpha.com/news/3252160-cytomx-33-percent-premarket-expanded-partnership-bristol-myers-squibb?source=twitter_sa_factset … #premarket $CTMX $BMY
Tiffany rises on William Blair upgrade http://seekingalpha.com/news/3252157-tiffany-rises-william-blair-upgrade?source=twitter_sa_factset … #premarket $TIF Tiffany & Co. shares up 2.5% in premarket trading.
Alaska Air upgraded to Buy from Hold at Stifel http://seekingalpha.com/news/3252155-alaska-air-upgraded-buy-hold-stifel?source=feed_f … #premarket $ALK
$FEYE up 6% on $BAC upgrade to Buy from Neutral, raises price target from $13.50 to $18.00
$TSLA price target raised to $240 at Deutsche Bank.
$NKTR stock surges 16% premarket after positive pain treatment trial results
$SFM shares up 5% in premarket trading
FireEye upgraded at Buy at BofA Merrill with chance for upside surprise http://seekingalpha.com/news/3252165-fireeye-upgraded-buy-bofa-merrill-chance-upside-surprise?source=twitter_sa_factset … #premarket $FEYE
$SYRS data from Phase 2 trial of SY-1425, an oral first-in-class selective retinoic acid receptor alpha agonist in Q3.
$LIFE PT raised to $4 at Citi
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List: $CTMX $ESPR $DDC $NKTR $AXTI
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $CERU, $GNMX, $PULM, $QUIK, $ARRY $TOPS $MOV $MTL $BRFS $ARGS $GSV $ADHD $AXAS $UWT $DGAZ I will update before market open or refer to chat room notices.
(3) Other Watch-List: $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX
(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).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Article Topics: $BABA, $VRX, $NFLX, $WYNN, $CERU, $CTMX, $ESPR – $MGTI, $NE, $XOM, $USRM, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA, – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F
