Live Trading Room Stock Setups For October 1 |
By Dave Mecklenburg |
Published
09/30/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For October 1
The big gap down at the open made it harder to find setups. There was a little bad luck in watching stocks make pivot-to-pivot moves without giving us an acceptable stop, or triggered in the first 15 minutes of the session.
DKS LONG 53.05 53.05 $- PETM LONG 76.12 76.16 $0.04 Exit end of day. RLGY SHORT 43.03 43.22 $(0.19)
Total of ($0.15) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$150 gross earnings for the day. $3.84 per share for the month. 1000 share per trade would be $3,840 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
AVGO Avago Technologies Ltd CBI Chicago Bridge & Iron N.V.
Bearish Short-Side Setups
CPT Camden Property Trust CTRX Catamaran Corp
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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