Good Morning Swing Traders and Welcome to the Compound Trading Weekly Swing Trading updates (1 of 3 this week) for the Week of May 7, 2017! $AGN, $CTSH, $IBB, $FEYE, $SNAP, $LACDF, $TSLA and more …
Email us at [email protected] anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private message Curtis in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.
Notices:
Good morning!
This report (1 of 3) focuses on the more recent stocks we have added to our swing trading set-up coverage. They include; $TSLA, $SNAP, $VGX, $AAU, $AMMJ.We have also added $AGN, $CTSH and $IBB to our coverage on this specific list per below and new this week to our coverage is $FEYE and $LACDF.
You can expect the two other reports within in 48 hours of this report and all three hopefully to be cycled again (or twice) for this weekly reporting period.
We are also going to categorize our coverage soom because we are following more than we expected when we first started the service.
And also, our swing trading alert service will launch soon for real-time alerts – the start date has been moved to May 15, 2017.
When managing your trades with the weekly reports keep in mind that you will have to invest an hour or two a week to check the indicators mentioned for buy and sell triggers. I was asked recently why we do not usually (although we do sometimes) include precise entry and exit points. The reason is simple, they don’t work – those services have disasterous results.
Swing trading success, even with a service, does require “some” maintenance on the part of the user, although the new live alert service will take much of that burden off the user as we know many of our users have busy lives. It is the indicators lining up that signal a trade long entry or an exit. In our case rely heavily on MACD on daily or weekly (or Stoch RSI and Moving averages) but indicators we are basing our trade entry and exits on are listed with each trade so any user that does even moderate trade management will know when the indicator(s) have turn with or against the trade.
Intra-week you can always DM myself on Twitter or email with specific questions regarding trades you are considering for assistance. But it is critical that you attend to the maintenance of your signals at least once a week if not twice and set stops and preferably alarms so that intra-week you can enter or exit. If nothing else you can always book some coaching time and I’ll assist also (although we are at a point of waiting list for the coaching, at minimum you can get on list or for immediate help as I said please DM or email).
Also, as live charts are made available below, click on link and open viewer. Then to use chart yourself click on share button at bottom right (new thumbs up) and then click “make it mine”.
Newer updates below in red for ease.
Our Q1 2017 Swing Trading Results are available here:
https://twitter.com/swingtrading_ct/status/841079400485478400
$FEYE – Fire Eye Inc.
May 8 – $FEYE In break-out. Waiting for 20 MA to breach 200 MA to upside for long with price above and time indicators right – MACD, Stoch RSI, SQZMOM and volume.
Live $FEYE charting https://www.tradingview.com/chart/FEYE/PZMX2RzI-FEYE-In-break-out-Waiting-for-20-MA-to-breach-200-MA-to-upside/
$LACDF – Lithium Amers Corp OTC
May 8 – Trading .74 $LACDF 20 MA is about to breach 50 MA and 100 MA to upside with price above. If so it is long set-up if indicators confirm. This one is brought to us as a whisper by Hedge Hog Trader.
$LACDF Live Chart https://www.tradingview.com/chart/LACDF/IECwvASr-LACDF-20-MA-is-about-to-breach-50-MA-and-100-MA-to-upside-with/
$IBB – BioTechnology Index Fund
May 8 – Trading 295.43. Waiting on 20 MA (blue) to cross up 50 MA (purple) with price above.
May 1 – $IBB Daily. Waiting on 20 MA (blue) to cross up 50 MA (purple) with price above. MACD turned up and SQZMOM green.
Live Chart $IBB https://www.tradingview.com/chart/IBB/HZtJEsFe-IBB-Daily-Waiting-on-20-MA-blue-to-cross-up-50-MA-purple-w/
$AGN – Allergan
May 8 – Trading 244.99. Earning is one day so we are waiting for that. 20 MA is about to breach to upside 50 MA so we expect to take a long if price action confirms after earnings.
May 1 – $AGN Daily. Trigger long when 20 MA (blue) 50 MA (purple). MACD turned up SQZMOM just green now. Careful with earnings in eight days.
$CTSH – Cognizant Technology
May 8 – Trading 63.22. Earnings price action went well and when that passed and 20 MA breached 50 MA (per trigger below) to upside with indicators confirming we went long 500 shares at 61.78.
May 1 – $CTSH SQMOM just went green, MACD turned up, Waiting on 20 MA to confirm thru 50 MA for long. #swingtrading Careful with earnings on deck.
$NVO – Novo – Nordisk
May 8 – Trading 40.87. Still waiting for 20 MA to breach 200 MA with price above for entry.
May 1 – $NVO Waiting for price above 200 MA and 20 MA to breach 200 MA to upside for long. #swingtrade
$TSLA – Tesla
May 8 – Trading 311.75. MACD is trending down (cooling), Stoch RSI isn’t yet, and SQZMOM is trending down. Waiting for the indicators to bottom and turn up for long if MA’s confirm.
We decided to start covering Tesla because we feel it is out of the woods so to speak. There are many factors, but the bottom line is we are ready to trade this long term. It is revved right now, but it won’t be for long and we expect an entry sooner than later based on the simple charting below.
May 1 – Waiting. It is too heated. Stoch RSI at bottom turned up, MACD at top indecision however, SQZMOM green but trending down.
April 21 – Trading 302.80. Stoch RSI is at bottom likely to curl up, MACD at top crossed down, squeeze momentum indicator green but turning down, holding 8 ema. Waiting for indicators to line up.
April 13, 2017 – $TSLA Daily – Waiting on Stoch RSI to bottom, MACD down and turn up with MA’s on right side for a long position.
Live Tesla Chart https://www.tradingview.com/chart/TSLA/YlcqJMzy-TSLA-Daily-Waiting-on-Stoch-RSI-to-bottom-MACD-down-and-turn/
$SNAP – SNAP (60 Min Chart vs. Daily because it is a new issue)
May 8 – Trading 23.02. Trading 23.02. Holding at 22.20. Stop at entry. Watching indicators close for exit if needed.
May 1 – Trading 22.52. When Stoch RSI per below bottomed we entered April 28 22.20 Long 500 Shares. Will add when Stoch RSI returns to bottom unless price trends toward entry for possible stop. 60 Minute chart.
$SNAP Live Chart https://www.tradingview.com/chart/SNAP/KhbQSyJg-May-1-Trading-22-52-When-Stoch-RSI-per-below-bottomed-we-ente/
April 21 – $SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #trading
MOST IMPORTANT PART IS THE 200 MA swooping down. That’s bulliish!
Live chart $SNAP : https://www.tradingview.com/x/MLMZNGXi/
$SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #trading pic.twitter.com/3K9Yzfp3r5
— Melonopoly (@curtmelonopoly) April 21, 2017
April 13, 2017 – We decided to add $SNAP to our coverage because some of our clients have asked us to cover it, plain and simple. So the challenge is that it does not have the history we like, so we have charted it on hourly for now. This is considered a high risk trade.
Live $SNAP chart – https://www.tradingview.com/chart/SNAP/lLVhJfMz-SNAP-Hourly-Waiting-on-20-MA-to-cross-up-through-50-MA-and-pr/
$SNAP Hourly – Waiting on 20 MA to cross up through 50 MA and price to be above for a long entry.
$VGZ – Vista Gold
May 8 – Trading.96. Watching. All indicators trending down with MA’s over price.
May 1 – Trading 1.03 Watching.
April 21 – Indicators are still a mess. Watching.
April 13, 2017 – $VGZ – Has its 200 MA, waiting on 50 MA to cross up thru 200 MA and if price is over then long.
$AAU Almaden Minerals
May 8 – Similar to $VGZ above – indicators trending down and indicators are a mess. Watching.
May 1 – Trading 1.47. Stoch RSI Bottom, MACD turned down, SQZMOM red trending down. Waiting on indicators to turn up and price to be above 20 ma at minimum.Price below 20 ma currently.
April 21 – Learning traders. Master this trade set-up. Change your life. #freedomtraders
Reviewing these trading set-ups in room all week at lunch. Here’s some raw footage. #trading #setups #freedomtraders https://www.youtube.com/watch?v=2_0PfnNiU-A&t=2704s
Reviewing these trading set-ups in room all week at lunch. Here's some raw footage. #trading #setups #freedomtraders https://t.co/6SqOEquC5J
— Melonopoly (@curtmelonopoly) April 21, 2017
#AAU Example of when 20 MA gets upside of 200 MA with price above. KAPOW! Waiting for Stoch RSI to return to bottom and curl up.
April 13, 2017 $AAU Has its 200 MA waiting on 20 MA to cross up thru 200 MA and take long when Stoch RSI at bottom and MACD turned up.
$AMMJ – American Cannabis
May 8 – Trading .60. All indicators trending down. Watching.
May 1 – Lost its 200 MA. Waiting for MA’s to sort out and indicators to get right.
April 21 – Watching.
$AMMJ Has its 200 MA, waiting for Stoch RSI to hit bottom and turn up, MACD to turn up, and price over 20 MA and 50 MA with 20 MA up through 50 MA for long.
Email or DM me on Twitter anytime with thoughts or questions!
Cheers!
Curtis
Article Topics; Compound Trading, Swing, Trading, Stock, Picks, $AGN, $CTSH, $IBB, $FEYE, $SNAP, $LACDF, $TSLA