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Live Trading Room Stock Setups For August 8
By Dave Mecklenburg | Published  08/7/2013 | Stocks | Unrated
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.