Compound Trading Chat Room Stock Trading Plan for Monday April 24, 2017; $GS, $XIV, $BDLV, $OPTT, $SCYX, $BCR, $XBIT, $DB, $SVXY, $XIV — $ONTX, $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:
Time to suit up. ?? Were going for a ride today. #premarket
Time to suit up. 🚀🔥 Were going for a ride today. #premarket pic.twitter.com/Wh91zggnWz
— Melonopoly (@curtmelonopoly) April 24, 2017
Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading
Most recent lead trader blog posts:
Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.
https://twitter.com/CompoundTrading/status/853217228237422592
Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.
https://twitter.com/CompoundTrading/status/853764002584944640
The Quarterly Daytrading Performance Review P/L with Charting:
https://twitter.com/CompoundTrading/status/846494014635429888
The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
https://twitter.com/CompoundTrading/status/841078264537993218
Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):
https://twitter.com/CompoundTrading/status/853551912599400448
Most recent Premarket Chart Set-Up Video (most recent available to public – there may be other exclusive’s in member newsletters):
https://twitter.com/CompoundTrading/status/855437749234610176
Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters):
https://twitter.com/CompoundTrading/status/855437749234610176
Trading Plan (Buy, Hold, Sell):
Morning momentum stocks on watch so far: Premarket Leaderboard: $OPTT $SCYX $BCR $XBIT $DB $SVXY $XIV
Premarket Leaderboard: $OPTT $SCYX $BCR $XBIT $DB $SVXY $XIV
— Melonopoly (@curtmelonopoly) April 24, 2017
Markets: $SPY $ES_F $SPX are breaking out, $GLD, $GDX are both under continued pressure – we will see – thinking $DGLD, $USOIL, $WTIC tanked like EPIC said it would so we’ll see what range it gets next here.
OTC on watch: $BLDV, $UPZS, $OPMZ $LIGA $MMEX $AMLH $ACOL $BVTK $USRM
Gap ups:
News on these plays: $AMDA, $XOMA, $EARS, $CARAm $AKTX, AUXO
Chart Set-Ups on Watch: $SNAP, $ROL, $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN, $JUNO, $OAK, $BOFI, $AXP, $TWLO, $BA, $LIT, $ABX,
Holds: Most holds are small to mid size holds in this order according to sizing: $GS, $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA
$GS 222.16 Premarket +2.5% https://t.co/3nH5knieT7
— Melonopoly (@curtmelonopoly) April 24, 2017
Market Outlook :
Looks like risk off for at least a while here.
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.
Market News and Social Bits From Around the Internet:
Our futures ✌🔥😂 pic.twitter.com/N54uyRhq3B
— Melonopoly (@curtmelonopoly) April 24, 2017
8:30am
Chicago Fed Activity Index
10:30am
Dallas Fed Mfg Survey
11:30am
Neel Kashkari Speaks
3:15pm
Neel Kashkari Speaks
$AMDA Amedica Announces Regulatory Clearance to Market and Sell Valeo® Silicon Nitride Spinal Implants in Australia
$XOMA Announces Positive Results from its Phase 2 Proof-Of-Concept Study of Prolactin Inhibition
$CARA Announces Positive Data From Quantitative Phase 1 Trial Measuring Respiratory Safety of I.V. CR845
$AKTX
Akari Therapeutics Reports Positive Response with Coversin in Ongoing Phase 2 PNH Trial and in Additional Clinical Targets[+]
$AUXO – Auxilio Announces 5 New Security Customers, Terms Not Disclosed
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our 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.
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 :Premarket Leaderboard: $OPTT $SCYX $BCR $XBIT $DB $SVXY $XIV I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $UVXY $TVIX $NUGT $GLD $JNUG $GDX $TZA $AKTX $XOMA $ISLE $ABX $TLT $CCLP 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: $ATI $CPT $ALK $KEY $XLNX $SWK $COL $AMX $IDCC $STLD $AKS $X $NUE $SONC $ADI $TRV as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $BAC $NVET $SBH $MZOR $GMED $CBF $CRTO $TBK $DFT $GRPN $AU $GFI $GLPG $DIS $MLCO $GWW 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: $GS, $XIV, $BDLV, $OPTT, $SCYX, $BCR, $XBIT, $DB, $SVXY, $XIV – $LIGA, $MGTI, $ONTX, $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