Live Trading Room Stock Setups For September 3 |
By Dave Mecklenburg |
Published
08/30/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For September 3
We definitely could have taken the day off going into the holiday. We ended the day essentially flat, but you never know if you are going to catch a few big trades in a day. We hit the late-summer grind the last half of the month, but still showed a respectable gain for the month.
The stock market is closed on Monday.
MDCO LONG 31.76 31.54 $(0.22) SAVE LONG 31.26 31.26 $- WFM LONG 52.75 52.75 $- Trail hit. CNX SHORT 31.43 31.2 $0.23 Exit end of day.
Total of $0.01 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $10 gross earnings for the day. $7.14 per share for the month. 1000 share per trade would be $7,140 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
HLF Herbalife Ltd KORS Michael Kors Holdings, Ltd.
Bearish Short-Side Setups
AOL AOL Inc BAX Baxter Intl
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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