Which stocks are on the Tiger Shark Trading Live Trading Room watch list?
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.