Live Trading Room Stock Setups For August 23 |
By Dave Mecklenburg |
Published
08/22/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 23
It was a bizarre day of trading, with Nasdaq having data problems and halting trading. The only Nasdaq stock that halted trading after I had a position was EBAY. When trading reopened, I simply closed out my position, so there was no chance of being stuck in a position overnight.
CTSH LONG 72.95 72.63 $(0.32) DG LONG 55.00 55.37 $0.37 AXP SHORT 73.62 73.89 $(0.27) CVS SHORT 58.37 58.57 $(0.20) CVS SHORT 58.39 58.4 $(0.01)Exit end of day. DUK SHORT 66.04 65.92 $0.12 Trail hit. EBAY SHORT 51.19 51.19 $- PEP SHORT 79.39 79.39 $- PEP SHORT 79.39 79.39 $- SQM SHORT 25.85 25.77 $0.08 Trail hit. TCK SHORT 25.86 26.01 $(0.15)
Total of ($0.38) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$380 gross earnings for the day. $7.48 per share for the month. 1000 share per trade would be $7,480 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
AKAM Akamai Technologies APH Amphenol Corp'A'
Bearish Short-Side Setups
APO Apollo Global Management LLC ELLI Ellie Mae Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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