Live Trading Room Stock Setups For June 19 |
By Dave Mecklenburg |
Published
06/18/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For June 19
A nice upward trending market pushed many of our long-side setups higher. Unfortunately, the inability to find tight spreads, tight-enough stops, and big-enough targets saw many of these big movers go without us. But I don't like to call it bad luck when three of the day's trades were well into the black for a total gain of over a full point.
DGI LONG 31.60 31.60 $- GWRE LONG 42.51 43.05 $0.54 LAZ LONG 34.90 35.25 $0.35 Exit end of day. NYX LONG 42.02 42.41 $0.39 AME SHORT 42.13 42.27 $(0.14)
Total of $1.14 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,140 gross earnings for the day. $9.77 per share for the month. 1000 share per trade would be $9,770 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
AGO Assured Guaranty BBY Best Buy CREE Cree Inc DTV DirecTV Group ERJ Embraer SA FNP Fifth & Pacific Companies Inc HLX Helix Energy Solutions Group KMX CarMax Inc LTD L Brands Inc MRO Marathon Oil Corp NNN National Retail Properties Inc TEN Tenneco Inc
Bearish Short-Side Setups
AEM Agnico Eagle Mines Ltd CYH Community Health Sys HFC HollyFrontier Corporation PANW Palo Alto Networks Inc PNW Pinnacle West Capital RGLD Royal Gold Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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