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Live Trading Room Stock Setups For May 29
By Dave Mecklenburg | Published  05/28/2013 | Stocks | Unrated
Live Trading Room Stock Setups For May 29

We had a small number of setups after a market holiday. The limited number of stocks made it difficult to find entries with acceptable stops and targets. A few of the short-side stocks had bid/ask spreads that stayed wide throughout the session.

INCY LONG 23.51 23.86 $0.35
STZ LONG 53.56 53.30 $(0.26)

Total of $0.09 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $90 gross earnings for the day. $11.66 per share for the month. 1000 share per trade would be $11,660 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

AMTD TD Ameritrade Holding Corp
CAR Avis Budget Group
IBN Icici Bank ADS
LAZ Lazard Ltd
SEIC SEI Investments
SF Stifel Financial
STT State Street Corp
TSLA Tesla Motors Inc
XEC Cimarex Energy

Bearish Short-Side Setups

CHRW C.H. Robinson Worldwide Inc
CTL CenturyLink Inc
FDO Family Dollar Stores
HCN Health Care Reit
NNN National Retail Properties Inc
PCL Plum Creek Timber
PETM Petsmart Inc
PG Procter & Gamble
PM Philip Morris Intl Inc
PMT PennyMac Mortgage Inv Trust
PPO POLYPORE INTL INC
RWT Redwood Trust
T AT&T Inc
URBN Urban Outfitters

Dave Mecklenburg is Publisher of TigerSharkTrading.com.