Here are some trade setups for our Daily Trader portfolio for Tuesday September 9th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Rackspace Hosting Inc. (RAX)
   • Direction: Long
   • Entry: 39.91
   • Stop: 38.66
   • Target: 40.72
   • Pattern: Expansion Candle / Channel Break Out / Resistance Break

   

2. Tarena International, Inc. (TEDU)
   • Direction: Long
   • Entry: 15.90
   • Stop: 15.20
   • Target: 16.20
   • Pattern: Expansion Candle / Potential Resistance Break / All Time High

   

3. Exelis Inc. (XLS)
   • Direction: Long
   • Entry: 18.24
   • Stop: 17.63
   • Target: 18.82 and 19.05
   • Pattern: Expansion Bar / Channel Break Out

   

4. Yahoo!, Inc. (YHOO)
   • Direction: Long
   • Entry: 41.92
   • Stop: 40.11
   • Target: 43.41
   • Pattern: Expansion Bar / Gap Up

   

5. Zillow, Inc. (Z)
   • Direction: Short
   • Entry: 129.94
   • Stop: 133.38
   • Target: 126.10 and 123.50
   • Pattern: Expansion Bar / Support Break

   

6. Cheetah Mobile Inc. (CMCM)
   • Direction: Long
   • Entry: 30.45
   • Stop: 29.45
   • Target: 32.25
   • Pattern: Expansion Bar / Resistance Break

   

7. Apache Corp. (APA)
   • Direction: Short
   • Entry: 97.29
   • Stop: 99.11
   • Target: 94.75 and 92.15
   • Pattern: Expansion Bar / Potential Support Break

   

8. Wageworks Inc. (WAGE)
   • Direction: Long
   • Entry: 47.21
   • Stop: 46.21
   • Target: 48.95 and 50.22
   • Pattern: Descending Triangle Up Break

   

9. Medivation Inc. (MDVN)
   • Direction: Long
   • Entry: 92.96
   • Stop: 91.26
   • Target: 94.10
   • Pattern: Resistance Break / All Time High

   

10. Vianet Group Inc. (VNET)
    • Direction: Long
    • Entry: 26.67
    • Stop: 27.90
    • Target: 25.57 – initial target; Second 21.98
    • Pattern: Support Break Down

    

Previous Trades Update: Seven of our setups were triggered on September 8th.

1. WDAY (long) – hit the target for 1.2% gain
2. CMCSA (long) – modify the stop to 55.27 and target to 56.34
3. JAZZ (long) – hit the target for 0.8% gain
4. NKE (long) – adjust the stop to 80.94 and target to 83.70. Carry it over if none of the levels are hit
5. NOW (long) – hit the initial target for 2.5% gain. Move the stop to 63.60 and the target to 71.55
6. LOCO (long) – adjust the stop to 35.50 and initial target to 39.50

Trades Triggered on September 5th:

1. DUST (long) hit the target for 5.1% gain
2. LCI (short) stopped for 3.4% loss

Prior Trades:

1. SOHU (short) – maintain the stop at 57.28 and target at 55.36
2. THRX (short) – Update the stop to breakeven at 21.70 and keep the initial target at 20.20
3. CRZO (short) – hit the first target for 2.1% gain and second target for 8.7% gain. Adjusted stop to 57.34 and cover all at 50.79
4. GRMN (short) – the second piece was stopped at break even
5. NDLS (short) – the second piece was stopped for 11.7% gain and the first piece had gained 8.5%

---

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