Live Trading Room Stock Setups For September 5 |
By Dave Mecklenburg |
Published
09/4/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For September 5
The long-side setups made strong moves off the open, which means we couldn't find stops and didn't take any long-side entries. A few trades to the short side triggered, but it was fighting against the current.
ACM SHORT 28.89 28.89 $- AEP SHORT 42.06 42.06 $- ETN SHORT 64.11 64.41 $(0.30)
Total of ($0.30) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$300 gross earnings for the day. $1.36 per share for the month. 1000 share per trade would be $1,360 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
A Agilent Technologies ALTR Altera Corp.
Bearish Short-Side Setups
CBST Cubist Pharmaceuticals CHD Church & Dwight
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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