Live Trading Room Stock Setups For May 30 |
By Dave Mecklenburg |
Published
05/29/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For May 30
Many of our short-side stocks gapped down at the open and then were too extended to take an entry. The remaining available setups that triggered lacked any follow-through.
AMTD LONG 23.81 23.81 $- CAR LONG 32.92 32.92 $- CAR LONG 32.90 32.90 $- LAZ LONG 34.29 34.46 $0.17 Trail hit. IVR SHORT 18.92 19.07 $(0.15) PETM SHORT 67.98 67.73 $0.25 Trail hit. URBN SHORT 40.57 40.76 $(0.19)
Total of $0.08 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $80 gross earnings for the day. $11.74 per share for the month. 1000 share per trade would be $11,740 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
AEM Agnico Eagle Mines Ltd AGU Agrium Inc BIG Big Lots Inc CME CME Group Inc GPN Global Payments HFC HollyFrontier Corporation IVR Invesco Mtge Capital Inc MTGE American Capital Mortgage Invt SLW Silver Wheaton Corp VR Validus Hldgs Ltd
Bearish Short-Side Setups
BMS Bemis Co CL Colgate-Palmolive Co CLX Clorox Co CPB Campbell Soup CSTR Coinstar Inc EIX Edison Intl EXPE Expedia Inc HAS Hasbro Inc HRL Hormel Foods KMB Kimberly-Clark KO Coca-Cola Co LAMR Lamar Advertising 'A' NLSN Nielsen Holdings N.V. PG Procter & Gamble SLM SLM Corp VIV Telefonica Brazil S.A.
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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