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Live Trading Room Stock Setups For September 18
By Dave Mecklenburg | Published  09/17/2013 | Stocks | Unrated
Live Trading Room Stock Setups For September 18

We caught the day's upward trend in a few stocks. We had a few short-side trades trigger at their Central Pivots that went for small losses. We never know if the market or individual stocks are going to rollover, so I have no issue trading both sides of the market at the same time.

ACN LONG 76.15 76.77 $0.62
DDS LONG 81.11 81.11 $-
HBI LONG 63.10 63.10 $-
HBI LONG 63.16 63.51 $0.35 Exit end of day.
TJX LONG 55.74 56.06 $0.32
ALTR SHORT 38.24 38.43 $(0.19)
CIE SHORT 25.63 25.73 $(0.10)
VCLK SHORT 22.09 22.01 $0.08 Exit end of day.

Total of $1.08 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,080 gross earnings for the day. $3.94 per share for the month. 1000 share per trade would be $3,940 gross earnings 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

ABBV AbbVie Inc
AIG Amer Intl Group

Bearish Short-Side Setups

CNW Con-Way Inc
CTB Cooper Tire & Rubber

Dave Mecklenburg is Publisher of TigerSharkTrading.com.