Live Trading Room Stock Setups For June 17 |
By Dave Mecklenburg |
Published
06/16/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For June 17
Sticking to the plan paid off on Friday's trading. We found ourselves in another early hole, but late profits in WLL and BKS put us in the black.
CAH LONG 47.96 47.79 $(0.17) GPN LONG 48.53 48.53 $- KLAC LONG 56.17 55.95 $(0.22) MDT LONG 52.87 52.91 $0.04 Trail hit. PKI LONG 33.55 33.27 $(0.28) TEL LONG 45.75 45.59 $(0.16) WLL LONG 47.92 48.30 $0.38 WSM LONG 55.38 55.70 $0.32 Trail hit. BKS SHORT 19.95 19.40 $0.55 Exit end of day.
Total of $0.46 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $460 gross earnings for the day. $8.64 per share for the month. 1000 share per trade would be $8,640 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
DISH DISH Network Corp Class A ROC Rockwood Holdings Inc YELP Yelp Inc
Bearish Short-Side Setups
AEM Agnico Eagle Mines Ltd AXP American Express Company BC Brunswick Corp CAR Avis Budget Group HES Hess Corporation PANW Palo Alto Networks Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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