Live Trading Room Stock Setups For May 16 |
By Dave Mecklenburg |
Published
05/15/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For May 16
Huge day of trading. In fact, it was our best day in month. We were just short of pulling three points out of the market.
What lessons can we take away from today? First, remember that profits are not evenly distributed. It's unlikely that Thursday will be a similar day of trading. Second, you need these big days to be a profitable trader over the entire year. Days like today are necessary to offset losing days. Third, don't shut down for the day because the morning exceeded your expectations. It's natural to be wary of giving back your gains, but feasting on big days will get you through the famines.
BK LONG 30.01 30.04 $0.03 Trail hit. COP LONG 62.31 62.18 $(0.13) COP LONG 62.31 62.39 $0.08 Trail hit. CPB LONG 47.56 48.09 $0.53 CVS LONG 59.86 60.63 $0.77 DFS LONG 47.08 47.46 $0.38 HON LONG 78.73 79.36 $0.63 Trail hit. MET LONG 42.36 42.84 $0.48 Trail hit. STT LONG 63.13 63.31 $0.18 Trail hit. WDR LONG 46.24 46.24 $- Exit end of day. ESRX LONG 61.21 61.19 $0.02 Trail hit.
Total of $2.97 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $2,970 gross earnings for the day.
Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.
Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.
Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.
Bullish Long-Side Setups
AIZ Assurant Inc AL Air Lease Corporation ARW Arrow Electronics AVT Avnet, Inc AVY Avery Dennison Corp AWAY HomeAway Inc BBBY Bed Bath & Beyond BEAV B/E Aerospace CCE Coca-Cola Enterprises Inc COL Rockwell Collins DLTR Dollar Tree Inc DO Diamond Offshore Drilling DPS Dr Pepper Snapple Grp Inc EMN Eastman Chemical FBHS Fortune Brands Home & Security FDO Family Dollar Stores FFIV F5 Networks HCN Health Care Reit HON Honeywell Intl INTU Intuit Inc JEC Jacobs Engr Group KBR KBR Inc MOLX Molex Inc MYL Mylan Inc NOC Northrop Grumman NOV National Oilwell Varco Inc O Realty Income PCAR PACCAR Inc PCL Plum Creek Timber PNR Pentair Inc RHI Robert Half Intl SLCA US Silica Holdings Inc TRN Trinity Industries TROW T.Rowe Price Group VIAB Viacom Inc Cl 'B' WMT Wal-Mart Stores
Bearish Short-Side Setups
ARIA Ariad Pharmaceuticals BVN Comp De Minas Buenaventura ADS BZH Beazer Homes USA VIPS Vipshop Holdings Ltd YELP Yelp Inc
Additional stocks may be posted in the Live Trading Room in the morning. The room opens at the opening bell. There is no pre-market analysis or chat, because pre-market data has no effect on how or what I will trade. There are typically no trades within the first 15 minutes of the market session. Request your free invitation to the trading room here.
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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