Live Trading Room Stock Setups For September 9 |
By Dave Mecklenburg |
Published
09/6/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For September 9
We struggled today with volatility, reversals, and lack of follow-through. If we can just get one stock to hit a big target, we usually have a good day. No dice today. Even with less than ideal trading days, if we can control our risk, we'll control our losses and be ready for the next trading day.
ATI LONG 27.53 27.53 $- BRCM LONG 26.61 26.84 $0.23 Trail hit. CIT LONG 49.12 49.25 $0.13 Exit end of day. M LONG 45.65 45.31 $(0.34) TRMB LONG 27.17 27.20 $0.03 Exit end of day. DE SHORT 82.95 82.91 $0.04 Trail hit. HD SHORT 73.33 73.48 $(0.15) NEM SHORT 30.62 30.62 $-
Total of ($0.06) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$60 gross earnings for the day. $1.54 per share for the month. 1000 share per trade would be $1,540 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
EXPD Expeditors Intl of Washington GNC GNC Holdings Inc Bearish Short-Side Setups
BBBY Bed Bath & Beyond CRZO Carrizo Oil & Gas
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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