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Live Trading Room Stock Setups For May 21
By Dave Mecklenburg | Published  05/20/2013 | Stocks | Unrated
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.