Live Trading Room Stock Setups For August 27 |
By Dave Mecklenburg |
Published
08/26/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 27
We had trouble finding trades at inflections points. Some of the lack of opportunities is being driven by low volume as we finish out the late summer market lull.
HSY LONG 94.35 94.18 $(0.17) TOL SHORT 31.56 31.82 $(0.26)
Total of ($0.43) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$430 gross earnings for the day. $7.21 per share for the month. 1000 share per trade would be $7,210 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
ARIA Ariad Pharmaceuticals CBST Cubist Pharmaceuticals
Bearish Short-Side Setups
ADM Archer-Daniels-Midland ADSK Autodesk, Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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