Live Trading Room Stock Setups For July 22 |
By Dave Mecklenburg |
Published
07/19/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For July 22
We took a few early stop-outs, but stuck to the plan and finished with a strong day. We didn't hit any big targets inside a pivot, but trailed stops behind pullbacks to stay in trades. Positions are always closed before the end of the trading session. An exit at the end of the day is two minutes before the market close.
BGC LONG 32.13 32.46 $0.33 Exit end of day. LNC LONG 40.77 40.90 $0.13 Exit end of day. NBL LONG 65.32 66.00 $0.68 Exit end of day. PEP LONG 86.45 86.16 $(0.29) PNC LONG 76.81 77.21 $0.40 Exit end of day. AVGO SHORT 37.91 37.76 $0.15 Trail hit. AXP SHORT 74.47 74.10 $0.37 Exit end of day. LYB SHORT 67.84 68.13 $(0.29) MPC SHORT 68.67 68.92 $(0.25) VLO SHORT 34.60 34.60 $-
Total of $1.23 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,230 gross earnings for the day. $8.01 per share for the month. 1000 share per trade would be $8,010 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
BAX Baxter Intl COV Covidien PLC (Ireland) CREE Cree Inc CXO Concho Resources Inc DVN Devon Energy EMR Emerson Electric Co FIVE Five Below Inc GILD Gilead Sciences HES Hess Corporation HOLX Hologic Inc HP Helmerich & Payne IR Ingersoll-Rand Plc LLY Lilly (Eli) LRCX Lam Research MAN ManpowerGroup MKC Mccormick & Co MUR Murphy Oil NFX Newfield Exploration NOV National Oilwell Varco Inc OAS Oasis Petroleum Inc PG Procter & Gamble SEIC SEI Investments SWI Solarwinds Inc SWK Stanley Black & Decker Inc SYK Stryker Corp TROW T.Rowe Price Group VAR Varian Medical Systems ZMH Zimmer Holdings
Bearish Short-Side Setups
ALV Autoliv Inc BC Brunswick Corp CTRP Ctrip.com Intl Ltd DECK Deckers Outdoor DISH DISH Network Corp Class A DV Devry Inc EBAY Ebay Inc FDO Family Dollar Stores GME Gamestop Corp 'A' HAS Hasbro Inc HCN Health Care Reit HPQ Hewlett-Packard ILMN Illumina Inc RHT Red Hat Inc SWKS Skyworks Solutions TDC Teradata Corp TRIP TripAdvisor Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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