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