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Live Trading Room Stock Setups For August 30
By Dave Mecklenburg | Published  08/29/2013 | Stocks | Unrated
Live Trading Room Stock Setups For August 30

It was a better trending day for trading. A few of the stocks on the watch list made big moves off the open before we could set stops, but it a decent day of trading nonetheless. Tomorrow could be a slow day heading into a three-day weekend. The market is closed on Monday.

CTSH LONG 74.06 73.89 $(0.17)
NXPI LONG 37.41 38.01 $0.60
GAS SHORT 44.16 44.08 $0.08 Exit end of day.
NEM SHORT 31.63 31.75 $(0.12)Exit end of day.
R SHORT 56.96 56.65 $0.31

Total of $0.70 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $700 gross earnings for the day. $7.13 per share for the month. 1000 share per trade would be $7,130 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

AET Aetna Inc
AN AutoNation Inc

Bearish Short-Side Setups

CNX Consol Energy
DO Diamond Offshore Drillin

Dave Mecklenburg is Publisher of TigerSharkTrading.com.