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Live Trading Room Stock Setups For July 1
By Dave Mecklenburg | Published  06/29/2013 | Stocks | Unrated
Live Trading Room Stock Setups For July 1

We had a big trading day to finish out the month. The day could have been enormous if we could have found stops in HAR and IRBT before they began their pivot-to-pivot moves. The spread was just a little too wide in HAR, pushing the stop beyond 35 cents, as a trade triggered around 9:51. HAR would make an almost $2 move through the R2 Pivot. I will take a trade when the bid/ask spread is over three cents, but I don't take trades if the spread plus the initial stop go over 35 cents.

Even without the big trades in HAR and IRBT, we hit a big winner in MOS. This was the second entry in MOS. I will take one additional entry in a stock should a second setup form at a key inflection point.

CA LONG 28.51 28.42 $(0.09)
ETP LONG 50.17 50.54 $0.37 Trail hit.
MCO LONG 61.03 61.20 $0.17 Trail hit.
OI LONG 27.93 27.93 $-
OI LONG 27.83 27.85 $0.02 Exit end of day.
WPRT LONG 32.78 33.54 $0.76 Exit end of day.
DK SHORT 28.96 28.96 $-
DVN SHORT 51.84 51.94 $(0.10) Exit end of day.
EXXI SHORT 22.69 22.34 $0.35
LINE SHORT 33.60 33.40 $0.20 Trail hit.
MOS SHORT 54.01 54.32 $(0.31)
MOS SHORT 54.22 53.37 $0.85

Total of $2.22 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $2,200 gross earnings for the day. $14.22 per share for the month. 1000 share per trade would be $14,220 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

CHD Church & Dwight
CMCSA Comcast Cl'A'
DOX Amdocs Ltd
EA Electronic Arts, Inc.
HSP Hospira Inc
RHP Ryman Hospitality Properties
SLW Silver Wheaton Corp
TDS Telephone & Data Systems Inc
UA Under Armour Inc

Bearish Short-Side Setups

AGCO Agco Corp
BMY Bristol-Myers SQUIBB
CBST Cubist Pharmaceuticals
DD Dupont(E.I.)Denemours
DE Deere & Co
EMN Eastman Chemical
FMC FMC Corp
MRK Merck & Co

Dave Mecklenburg is Publisher of TigerSharkTrading.com.