Following are our trade ideas for our Daily Trader portfolio for Wednesday August 13th, 2014.These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Anacor Pharmaceuticals Inc. (ANAC)
   • Direction: Long
   • Entry: 19.76
   • Stop: 19.02
   • Target: 20.27
   • Pattern: Expansion Breakout / Resistance Break

   

2. Avis Budget Group, Inc. (CAR)
   • Direction: Long
   • Entry: 65.38
   • Stop: 64.41
   • Target: 67.38
   • Pattern: Expansion Bar / Horizontal Channel Break Out

   

3. Sinclair Broadcast Group, Inc. (SBGI)
   • Direction: Short
   • Entry: 30.42
   • Stop: 31.04
   • Target: 29.28
   • Pattern: Expansion Candle / Support Break Down

   

4. Silicon Motion Technology Corp. ADS (SIMO)
   • Direction: Long
   • Entry: 26.24
   • Stop: 25.67
   • Target: 27.45
   • Pattern: Expansion Bar / Resistance Break Out

   

Previous Trades Update:

Four of our trades triggered on August 12th. If you have not already closed them then modify the stops and target levels.

• BVN (long) – modify stop to 12.87 and target to 13.26
• OVTI (long) – modify stop to 23.99 and target to 24.74
• KING (short) – update stop to 18.49 and target to 17.84. It missed the earnings and disappointed the market and declined massively in the post-close action. Our target was filled in the after-hours trading. Close it at the open.
• BITA (long) hit the target for 3.9% gain;

Trades triggered on August 11th:

• BIG (long) closed for 0.4% gain
• EBIX (long) lost 3.4%
• LOW (long) lost 0.1%

---

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