Live Trading Room Stock Setups For August 2 |
By Dave Mecklenburg |
Published
08/1/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 2
A good day to start the month. The market gapped up and stayed mostly flat, but our stocks provided a number of entries, both long and short.
MR LONG 41.00 40.89 $(0.11) NCR LONG 36.34 36.71 $0.37 Exit end of day. AIV SHORT 29.61 29.71 $(0.10) AIV SHORT 29.64 29.41 $0.23 Exit end of day. BAM SHORT 37.29 36.71 $0.58 Exit end of day. FE SHORT 37.99 38.22 $(0.23) MON SHORT 98.71 98.09 $0.62 PEP SHORT 84.14 84.27 $(0.13) SKT SHORT 32.79 32.66 $0.13 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. $1.36 per share for the month. 1000 share per trade would be $1,360 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
ACM Aecom Technology Corp AIG Amer Intl Group AME Ametek, Inc AVT Avnet, Inc CJES C&J Energy Services Inc CREE Cree Inc CSC Computer Sciences DKS Dick's Sporting Goods EXPD Expeditors Intl of Washington FL Foot Locker FRC First Republic Bank GPOR Gulfport Energy Corp HAS Hasbro Inc INCY Incyte Corp ITT ITT Corporation KLAC KLA-Tencor Corp KMT Kennametal, Inc LRCX Lam Research MDU MDU Resources Group MET Metlife Inc NE Noble Corp NKE Nike, Inc'B' NSC Norfolk Southern NXPI NXP Semiconductors N.V. PAYX Paychex Inc PKI Perkinelmer Inc PNC PNC Financial Services Group R Ryder System ROST Ross Stores SGEN Seattle Genetics SYK Stryker Corp TJX TJX Companies URBN Urban Outfitters WTR Aqua America Inc WYN Wyndham Worldwide Corporation
Bearish Short-Side Setups
BAX Baxter Intl CCJ Cameco Corp MON Monsanto Co OHI Omega Healthcare Investors PHH PHH Corporation SLW Silver Wheaton Corp
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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