Live Trading Room Stock Setups For June 26 |
By Dave Mecklenburg |
Published
06/26/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For June 26
A big gap up at the market open put our short-side stocks in position to trigger trades at the Central Pivot. Many of those trades triggered, but we just couldn't get any follow-through. Tight stops controlled the risk, but a negative day of trading in total.
ANF SHORT 43.99 43.99 $- ANF SHORT 44.00 44.18 $(0.18) CE SHORT 44.11 44.11 $- IVZ SHORT 31.53 31.53 $- LTD SHORT 49.77 49.91 $(0.14) LTD SHORT 49.74 49.78 $(0.04) Exit end of day. NXPI SHORT 29.51 29.67 $(0.16) TDC SHORT 48.77 48.54 $0.23 Exit end of day.
Total of ($0.29) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$290 gross earnings for the day. $11.56 per share for the month. 1000 share per trade would be $11,560 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
ANN Ann Taylor Stores Corporation AWAY HomeAway Inc CCL Carnival Corp CMA Comerica Inc CRZO Carrizo Oil & Gas ETE Energy Transfer Equity L.P. HLF Herbalife Ltd KLAC KLA-Tencor Corp PNC PNC Financial Services Group XEC Cimarex Energy
Bearish Short-Side Setups
CHMT Chemtura Corp MDCO Medicines Co PPO POLYPORE INTL INC UNH UnitedHealth Group Inc ZMH Zimmer Holdings
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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