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Live Trading Room Stock Setups For August 7
By Dave Mecklenburg | Published  08/6/2013 | Stocks | Unrated
Live Trading Room Stock Setups For August 7

Shaking off a bad day yesterday put us in position to make money today. Many of our stocks whipped around, making it tough to find stops on what could have been profitable trades. Don't worry about what could have been. Control your risk first and the profits will follow.

AVG LONG 22.72 23.69 $0.97
BBBY LONG 77.95 77.67 $(0.28)
BBBY LONG 77.47 77.51 $0.04
HP LONG 65.98 66.50 $0.52
YUM LONG 74.11 73.98 $(0.13)
MAC SHORT 62.66 62.66 $-
RMD SHORT 47.84 47.84 $-

Total of $1.12 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,120 gross earnings for the day. $2.96 per share for the month. 1000 share per trade would be $2,960 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

ADP Automatic Data Proc
DIS Disney (Walt) Co
EBAY Ebay Inc
EMR Emerson Electric Co
ETP Energy Transfer Partners LP
MCO Moody's Corp
SYNA Synaptics Inc
TAP Molson Coors Brewing Co Cl 'B'
TSN Tyson Foods 'A'

Bearish Short-Side Setups

AGCO Agco Corp
BLL Ball Corp
DBD Diebold, Inc
FBHS Fortune Brands Home & Security
JWN Nordstrom, Inc
NEM Newmont Mining
OC Owens Corning
UNM UNUMProvident Corp
URS URS Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.