Live Trading Room Stock Setups For August 6 |
By Dave Mecklenburg |
Published
08/5/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 6
It was a bad day of trading, but we'll shake it off and follow the plan on Tuesday.
COP LONG 67.25 67.07 $(0.18) HD LONG 76.76 76.55 $(0.21) MPC SHORT 71.53 71.53 $- RMD SHORT 47.38 47.17 $0.21 Exit end of day. SBAC SHORT 74.82 75.12 $(0.30)
Total of ($0.48) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$480 gross earnings for the day. $1.84 per share for the month. 1000 share per trade would be $1,840 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
AGCO Agco Corp AVG AVG Technologies NV BBBY Bed Bath & Beyond CSC Computer Sciences HP Helmerich & Payne MR Mindray Medical Intl Limited NQ NQ Mobile Inc SBAC SBA Communications'A' TDS Telephone & Data Systems Inc TKR Timken Co TRIP TripAdvisor Inc When-Issued YUM Yum Brands
Bearish Short-Side Setups
HAR Harman Intl KORS Michael Kors Holdings, Ltd. MAC Macerich Co RMD Resmed Inc SFLY Shutterfly Inc SHLD Sears Holding Corporation
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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