Live Trading Room Stock Setups For June 5 |
By Dave Mecklenburg |
Published
06/4/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For June 5
Nothing spectacular in today's trading. If you focus on controlling your risk, eventually good things will happen. If not today, maybe tomorrow.
The big winner from the watch list was RLGY, which made a $1.70 move to the 100% Fibonacci extension line. Unfortunately, there was not a good stop as the stock broke down through Monday's low a second time. Don't worry about missed trades. Stick to the plan and the risk control.
KO LONG 41.23 41.03 $(0.20) MRO LONG 35.17 34.92 $(0.25) STX LONG 44.49 44.83 $0.34 ABC SHORT 53.01 53.01 $- ARHM SHORT 42.05 41.97 $0.08 Trail hit. CTRX SHORT 48.57 48.27 $0.30 Exit end of day.
Total of $0.27 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $270 gross earnings for the day. $0.40 per share for the month. 1000 share per trade would be $400 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
APD Air Products & Chem ATW Atwood Oceanics Inc DNKN Dunkin' Brands Group Inc MNST Monster Beverage Corporation OAS Oasis Petroleum Inc
Bearish Short-Side Setups
AKAM Akamai Technologies CINF Cincinnati Financial CRM salesforce.com Inc DDS Dillard's Inc'A' FBHS Fortune Brands Home & Security HPT Hospitality Properties Trust KBH KB Home LAMR Lamar Advertising 'A' LEN Lennar Corp'A' LOW Lowe's Cos MAR Marriott Intl 'A' MAS Masco Corp MDC MDC Holdings Inc MTB M&T Bank MTH Meritage Homes Corporation OC Owens Corning PHM PulteGroup, Inc PLD ProLogis Inc RLGY Realogy Holdings Corp SWI Solarwinds Inc TRN Trinity Industries URS URS Corp WFM Whole Foods Market Z Zillow Inc Cl A
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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