Following are our trading ideas for our Daily Trader portfolio for August 8th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days.

1. DexCom Inc. (DXCM)
   • Direction: Long
   • Entry: 44.08
   • Stop: 42.20
   • Target: 45.84
   • Pattern: Expanding Breakout

   

2. YY Inc. (YY)
   • Direction: Long
   • Entry: 86.10
   • Stop: 84.04
   • Target: 89.85
   • Pattern: Expansion Breakout

   

3. Chicos FAS, Inc. (CHS)
   • Direction: Short
   • Entry: 15.24
   • Stop: 15.62
   • Target: 14.70 – Trade toward
   • Pattern: Expansion Bar / Channel Breakdown (on weeklies)

   

4. Scripps Networks Interactive Inc. (SNI)
   • Direction: Short
   • Entry: 77.22
   • Stop: 78.92
   • Target: 75.89
   • Pattern: Expansion Breakdown / Descending Triangle Breakdown

   

5. White Wave Foods Co. (WWAV)
   • Direction: Long
   • Entry: 33.54
   • Stop: 32.55
   • Target: 34.88
   • Pattern: Expansion Breakout / Channel Up Break

   

6. Envision Healthcare Holdings Inc. (EVHC)
   • Direction: Long
   • Entry: 36.60
   • Stop: 35.78
   • Target: 34.88
   • Pattern: Ascending Triangle Up Break

   

Previous Trades Update:

Three of our trades triggered on August 7th. If you have not already closed them then modify the stops and target levels.

• ALJ (long) – modify stop to 13.54 and target to 13.93
• WNR (long) – set stop to 43.74 and target to 44.81
• GBX (short) returned 1.0%

Trades triggered on August 6th:

• ERJ (short) stopped for 1.1% loss

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Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.

• We usually avoid taking a position if there is big gap-up or gap-down.
• If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
• If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
• If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
• Remember to position size based upon your risk-tolerance