Live Trading Room Stock Setups For September 24 |
By Dave Mecklenburg |
Published
09/23/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For September 24
It was another difficult day finding entries. The weak open on most of the short-side watch list stocks made it difficult to get an entry at our desired inflection points. There was a little bad luck with FB. We twice missed a target inside Friday's high by one cent, and ended up giving back 40 cents.
CHKP LONG 57.94 57.83 $(0.11) FB LONG 47.01 47.15 $0.14 Trail hit. FE SHORT 57.50 57.60 $(0.10)
Total of ($0.07) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$70 gross earnings for the day. $4.65 per share for the month. 1000 share per trade would be $4,650 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
ADT The ADT Corp CLDX Celldex Therapeutics Inc
Bearish Short-Side Setups
AEM Agnico Eagle Mines Ltd AGU Agrium Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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