Live Trading Room Stock Setups For May 21 |
By Dave Mecklenburg |
Published
05/20/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For May 21
Some stocks on our watch list made strong moves at the market open. COF, FLR and KBR all moved beyond the R2 pivot, but I typically don't trade stocks in the first 15 minutes, so you won't find those trades on the day's trading log below.
The lunchtime market rollover may have prevented our triggered trades from finding any target. The one short-side trade that could have benefited from the weak afternoon market stopped out.
GD LONG 78.31 78.40 $0.09 Trail hit. HON LONG 80.87 81.02 $0.15 Trail hit. PCAR LONG 54.72 54.44 $(0.28) TRW LONG 62.73 62.73 $- YNDX LONG 29.13 29.13 $- AXS SHORT 44.12 44.32 $(0.20)
Total of ($0.24) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$240 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
ABT Abbott Laboratories AEM Agnico Eagle Mines Ltd APA Apache Corp BBG Bill Barrett Corporation BIG Big Lots Inc CIT CIT Group Inc CNQ Canadian Natural Resources CRZO Carrizo Oil & Gas CTRP Ctrip.com Intl Ltd DBD Diebold, Inc DVN Devon Energy ESV Ensco plc (new) Cl A ETN Eaton Corp FRAN Francesca's Holdings Corp FSLR First Solar Inc FTI FMC Technologies GG Goldcorp Inc HLF Herbalife Ltd JOY Joy Global, Inc. LTD L Brands Inc NE Noble Corp NEM Newmont Mining NOV National Oilwell Varco Inc PDCE PDC Energy Inc RGLD Royal Gold Inc RRC Range Resources SLB Schlumberger Ltd SLW Silver Wheaton Corp SN Sanchez Energy Corporation SWI Solarwinds Inc TROX Tronox Inc
Bearish Short-Side Setups
AGN Allergan, Inc ALK Alaska Air ALKS Alkermes plc BBBY Bed Bath & Beyond CHD Church & Dwight CI Cigna Corp CMCSK Comcast'A'Spl(Non-Vtg) CPB Campbell Soup GIS Genl Mills HSY The Hershey Company IRM Iron Mountain Inc MDCO Medicines Co PEP Pepsico Inc SWY Safeway 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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