Live Trading Room Stock Setups For August 12 |
By Dave Mecklenburg |
Published
08/9/2013
|
Stocks
|
Unrated
|
|
Live Trading Room Stock Setups For August 12
We had trouble finding follow-through, which had us holding most of the positions until the close, but it's hard to complain about the net results.
CXW LONG 34.15 34.69 $0.54 Exit end of day. CZR LONG 18.12 18.55 $0.43 CTL SHORT 33.91 33.93 $(0.02)Exit end of day. EPD SHORT 61.25 61.25 $- EPD SHORT 61.25 61.12 $0.13 Exit end of day. WTR SHORT 32.74 32.67 $0.07 Exit end of day.
Total of $1.15 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,150 gross earnings for the day. $5.36 per share for the month. 1000 share per trade would be $5,360 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
EGN Energen Corp LPI Laredo Petroleum Holdings Inc
Bearish Short-Side Setups
CVI CVR Energy Inc DIS Disney (Walt) Co
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
|