Live Trading Room Stock Setups For August 16 |
By Dave Mecklenburg |
Published
08/15/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 16
A big gap-down in the market and higher volatility made it difficult to find entries with acceptable stops. That included in two metals and mining stocks, GOLD and NEM, that went for huge gains if only we could have found an entry.
ENDP LONG 37.51 37.51 $- NOW LONG 42.96 43.53 $0.57 CAN SHORT 71.85 71.69 $0.16 Trail hit. KMB SHORT 96.14 96.07 $0.07 Trail hit. MCO SHORT 64.14 64.47 $(0.33) NKE SHORT 63.78 63.38 $0.40
Total of $0.87 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $870 gross earnings for the day. $7.96 per share for the month. 1000 share per trade would be $7,960 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
AEM Agnico Eagle Mines Ltd COP ConocoPhillips
Bearish Short-Side Setups
BAM Brookfield Asset Management CERN Cerner Corp
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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