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Live Trading Room Stock Setups For June 5
By Dave Mecklenburg | Published  06/4/2013 | Stocks | Unrated
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.