Live Trading Room Stock Setups For August 8 |
By Dave Mecklenburg |
Published
08/7/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 8
There were some nice sell-offs in our short-side setups, but we couldn't find any stops to control the risk. On the long side, there was a huge $2.00-plus move in ETP from the S1 Pivot to the R2 Pivot, but the ideal stop below the day's low was just beyond my maximum allowable stop.
ADP LONG 71.98 72.03 $0.05 Trail hit. DIS LONG 65.60 66.25 $0.65 EBAY LONG 53.37 53.20 $(0.17) TAP LONG 52.67 52.67 $- TSN LONG 30.35 30.71 $0.36 Trail hit.
Total of $0.89 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $890 gross earnings for the day. $3.85 per share for the month. 1000 share per trade would be $3,850 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
DGI DigitalGlobe Inc DO Diamond Offshore Drilling DV Devry Inc ED Consolidated Edison ETR Entergy Corp HP Helmerich & Payne JAH Jarden Corp LTD L Brands Inc SNI Scripps Ntwrks Interactive Inc
Bearish Short-Side Setups
AMT American Tower Corporation FBHS Fortune Brands Home & Security HFC HollyFrontier Corporation LEN Lennar Corp'A' RYL Ryland Group THC Tenet Healthcare TWX Time Warner VSI Vitamin Shoppe Inc WPRT Westport Innovations Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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