Live Trading Room Stock Setups For July 18 |
By Dave Mecklenburg |
Published
07/17/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For July 18
We had another grinding day that was pretty much a wash. Some late strength in ERJ and SCG kept us on the plus side.
GG LONG 26.72 26.72 $- GME LONG 43.51 43.37 $(0.14) ETN SHORT 67.04 66.94 $0.10 Exit end of day. LULU SHORT 64.09 64.09 $- POT SHORT 38.29 38.06 $0.23 Exit end of day.
Total of $0.19 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $190 gross earnings for the day. $5.06 per share for the month. 1000 share per trade would be $5,060 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
ALKS Alkermes plc ANGI Angie's List Inc DD Dupont(E.I.)Denemours
Bearish Short-Side Setups
CTXS Citrix Systems DRI Darden Restaurants EAT Brinker Intl Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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