Live Trading Room Stock Setups For May 20 |
By Dave Mecklenburg |
Published
05/17/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For May 20
There were only a few long-side setups for today, but that's where most of the money was today. TDC was the big winner targeting the R1 Pivot. BAX made a late R1-to-R2-Pivot move, but my target was missed by one cent and then the trailing stop was tagged to the cent, so pretty much the worst luck possible.
AEM LONG 28.45 28.25 $(0.20) BAX LONG 72.54 72.71 $0.17 Trail hit. TDC LONG 57.02 57.55 $0.53 AGCO SHORT 54.97 54.97 $- AGCO SHORT 54.94 54.99 $(0.05) Exit end of day. IP SHORT 47.82 48.14 $(0.32) KBH SHORT 24.10 24.08 $0.02 Exit end of day. VR SHORT 37.06 36.80 $0.26 Trail hit.
Total of $0.41 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $410 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
ADM Archer-Daniels-Midland ADT The ADT Corp APD Air Products & Chem ATW Atwood Oceanics Inc BHI Baker Hughes Inc BWA Borg Warner CERN Cerner Corp COF Capital One Financial CPRT Copart Inc DGX Quest Diagnostics DLPH Delphi Automotive PLC EMR Emerson Electric Co FII Federated Investors 'B' FLR Fluor Corp FTI FMC Technologies GD General Dynamics Corp GME Gamestop Corp 'A' GPC Genuine Parts HAR Harman Intl HOG Harley-Davidson HON Honeywell Intl JIVE Jive Software Inc KBR KBR Inc O Realty Income OXY Occidental Petroleum PCAR PACCAR Inc SGY Stone Energy TRW Trw Automotive Hldg TSO Tesoro Corporation UTX United Technologies VRX Valeant Pharmaceuticals YNDX Yandex NV Class A
Bearish Short-Side Setups
AXS Axis Capital Hldgs YOKU Youku Tudou 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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