Live Trading Room Stock Setups For October 4 |
By Dave Mecklenburg |
Published
10/3/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For October 4
It was an ugly start to the day with three losers, but sticking with the plan paid off as the market reversed direction and pushed long-side trades higher.
BG LONG 77.10 77.77 $0.67 CAM LONG 60.01 59.71 $(0.30) CAM LONG 59.99 60.38 $0.39 Exit end of day. LVLT LONG 27.60 27.94 $0.34 Exit end of day. OXY LONG 94.40 94.14 $(0.26) POT LONG 32.47 32.36 $(0.11) POT LONG 32.44 32.44 $-
Total of $0.73 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $730 gross earnings for the day. $2.09 per share for the month. 1000 share per trade would be $2,090 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
ACXM Acxiom Corp CNX Consol Energy
Bearish Short-Side Setups
ADP Automatic Data Proc CTXS Citrix Systems
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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