Live Trading Room Stock Setups For June 6 |
By Dave Mecklenburg |
Published
06/5/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For June 6
Three longs triggered in the first hour, but no money was to be made. The weak market gave us three big winners on the short side in FBHS, RLGY, and TRN. FBHS did hit the R2 Pivot target in the last minute, but I close out positions no later than two minutes to the market close to prevent keeping a position overnight.
APD LONG 95.24 94.95 $(0.29) DNKN LONG 41.01 40.81 $(0.20) OAS LONG 38.56 38.56 $- FBHS SHORT 40.14 40.04 $0.10 Trail hit. FBHS SHORT 39.58 38.99 $0.59 Exit end of day. MAR SHORT 40.35 40.35 $- OC SHORT 41.71 41.71 $- RLGY SHORT 48.12 47.58 $0.54 TRN SHORT 39.14 38.56 $0.58
Total of $1.32 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,320 gross earnings for the day. $1.72 per share for the month. 1000 share per trade would be $1,720 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
CXO Concho Resources Inc DLR Digital Realty Trust Inc JNPR Juniper Networks QIHU Qihoo 360 Technology Co., Ltd.
Bearish Short-Side Setups
ACN Accenture PLC (Ireland) NEW CAT Caterpillar Inc CI Cigna Corp CREE Cree Inc DHR Danaher Corp EFX Equifax Inc EV Eaton Vance Corp EXPD Expeditors Intl of Washington FAST Fastenal Co FIS Fidelity National Information GRMN Garmin Ltd GSK GlaxoSmithKline PLC ADR JWN Nordstrom, Inc M Macy's Inc MAT Mattel, Inc RCL Royal Caribbean Cruises ROC Rockwood Holdings Inc THRX Theravance Inc TROW T.Rowe Price Group TRV The Travelers Companies Inc TV Grupo Televisa S.A.GDS VCLK Valueclick Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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