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Live Trading Room Stock Setups For May 28
By Dave Mecklenburg | Published  05/24/2013 | Stocks | Unrated
Live Trading Room Stock Setups For May 28

Patience paid off today. Many trades triggered and just hung around for a few hours before working their way to substantial gains. DGX triggered in the first 30 minutes then worked its way to a big target inside the R1 Pivot with an hour left in the session. Honor your targets and stops, trade your plan, and you can be hansomely rewarded.

CHK LONG 21.36 21.18 $(0.18)
CHK LONG 21.34 21.65 $0.31 Exit end of day.
CME LONG 64.45 64.46 $0.01 Exit end of day.
DGX LONG 61.66 62.43 $0.77
EXPD LONG 39.48 39.33 $(0.15)
FRX LONG 38.66 39.12 $0.46
WSM LONG 55.16 55.16 $-
CRUS SHORT 17.58 17.32 $0.26 Exit end of day.

Total of $1.48 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,480 gross earnings for the day. $11.57 per share for the month. 1000 share per trade would be $11,570 gross earning for the month.

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

STZ Constellation Brands 'A'

Bearish Short-Side Setups

NONE

Dave Mecklenburg is Publisher of TigerSharkTrading.com.