Live Trading Room Stock Setups For August 21 |
By Dave Mecklenburg |
Published
08/20/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 21
A bunch of short-side trades triggered on a reversal through their Central Pivots. Since the market and stocks keep trending higher after these triggered, we took a lot of stop-outs. So a lot of losing trades today, but following the fundamental principal of big targets just barely left us negative on the day.
PKG LONG 53.31 54.05 $0.74 AGNC SHORT 21.36 21.48 $(0.12)Exit end of day. ANGI SHORT 21.49 21.42 $0.07 Exit end of day. APA SHORT 76.33 76.63 $(0.30) HLSS SHORT 23.43 23.54 $(0.11) JPM SHORT 52.16 52.28 $(0.12) MRO SHORT 33.44 33.30 $0.14 VLO SHORT 34.70 34.83 $(0.13) VLO SHORT 34.71 34.94 $(0.23) XOM SHORT 87.55 87.55 $-
Total of ($0.06) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$60 gross earnings for the day. $7.86 per share for the month. 1000 share per trade would be $7,860 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 BBY Best Buy
Bearish Short-Side Setups
ABV Comp De Bebidas Das Americas AREX Approach Resources Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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