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Live Trading Room Stock Setups For July 24
By Dave Mecklenburg | Published  07/23/2013 | Stocks | Unrated
Live Trading Room Stock Setups For July 24

Today's trading brought us a lot of small losers and one big winner. When I have a bunch of stop-outs, I often suspect higher volatility in the market, but I'm really not seeing the higher volality. The small losers today are more likely a product of very small stops near inflections points. Smaller stops will increase the likelihood of stop-outs.

The big winner is a good reminder of the overall trading philosophy that I employ. Your winners must be significantly larger than your losers. You ride your winners and cut your losers.

AFL LONG 59.98 59.85 $(0.13)
AFL LONG 59.96 59.96 $-
EW LONG 69.85 70.68 $0.83
OSK LONG 41.66 41.58 $(0.08)
OSK LONG 41.66 41.56 $(0.10)
DIS SHORT 64.58 64.58 $-
LEN SHORT 34.98 35.12 $(0.14)
VIAB SHORT 73.72 73.84 $(0.12)

Total of $0.26 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $260 gross earnings for the day. $8.00 per share for the month. 1000 share per trade would be $8,000 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

BLOX Infoblox Inc
EW Edwards Lifesciences
FRC First Republic Bank
GG Goldcorp Inc
HXL Hexcel Corp
MUR Murphy Oil
NEM Newmont Mining
PSX Phillips 66
RGLD Royal Gold Inc
VMW VMWARE Inc

Bearish Short-Side Setups

ABC AmeriSourceBergen Corp
CHMT Chemtura Corp
ERJ Embraer SA
EXPD Expeditors Intl of Washington
INTU Intuit Inc
OII Oceaneering Intl
PENN Penn National Gaming
SHLD Sears Holding Corporation
STX Seagate Technology
WDC Western Digital

Dave Mecklenburg is Publisher of TigerSharkTrading.com.