Live Trading Room Stock Setups For August 13 |
By Dave Mecklenburg |
Published
08/12/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 13
We are having trouble lately lining up our entry signals at inflection points, but the few entries we get have been turning in profitable days. Be prepared for a busy day at least one day this week.
EGN LONG 67.65 67.65 $- LTD LONG 60.88 60.67 $(0.21) LTD LONG 60.88 61.19 $0.31 Exit end of day. SMTC SHORT 29.61 29.73 $(0.12) SMTC SHORT 29.60 29.75 $(0.15)Exit end of day. SRPT SHORT 34.19 33.54 $0.65
Total of $0.48 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $480 gross earnings for the day. $5.84 per share for the month. 1000 share per trade would be $5,840 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
ANF Abercrombie & Fitch Co'A' BID Sotheby's
Bearish Short-Side Setups
AMTD TD Ameritrade Holding Corp AON Aon Plc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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