Live Trading Room Stock Setups For July 16 |
By Dave Mecklenburg |
Published
07/15/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For July 16
Only a few trades triggered, but we finished with a good day. DWA was the big winner. The initial target was the 50% Fibonacci level, but DWA broke through and went on to the R2 Pivot.
ARMH LONG 41.21 41.54 $0.33 DWA LONG 25.98 26.83 $0.85 LGF LONG 32.68 32.85 $0.17 Trail hit. QSII LONG 22.63 22.66 $0.03 Exit end of day. VZ SHORT 59.96 59.98 $(0.02) Exit end of day.
Total of $1.36 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,360 gross earnings for the day. $4.81 per share for the month. 1000 share per trade would be $4,810 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
ABV Comp De Bebidas Das Americas AEP Amer Electric Pwr BIG Big Lots Inc D Dominion Resources Inc ED Consolidated Edison ERJ Embraer SA HLF Herbalife Ltd NAV Navistar Int'l Corporation PNW Pinnacle West Capital SCG Scana Corp TDS Telephone & Data Systems Inc UGI UGI Corp
Bearish Short-Side Setups
BLMN Bloomin' Brands Inc DIS Disney (Walt) Co GPOR Gulfport Energy Corp OSK Oshkosh Corporation ROSE Rosetta Resources Inc TPX Tempur Sealy Intl Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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