Here are some trade setups for our Daily Trader portfolio for Thursday September 11th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. VeriFone Systems Inc. (PAY)
   • Direction: Long
   • Entry: 37.65
   • Stop: 36.65
   • Target: 38.75
   • Pattern: Expansion Candle

   

2. Pharmacyclics, Inc. (PCYC)
   • Direction: Long
   • Entry: 129.41
   • Stop: 127.41
   • Target: 131.41
   • Pattern: Expansion Candle / Channel Up Break

   

3. Riverbed Technology, Inc. (RVBD)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle) break
   • Stop: 19.25
   • Target: 19.83
   • Pattern: Expansion Bar

   

4. Avalonbay Communities, Inc. (AVB)
   • Direction: Short
   • Entry: 148.54
   • Stop: 150.04
   • Target: 147.04
   • Pattern: Expansion Bar / Trend Line Break Down

   

5. EquityResidntl Prop Tr (EQR)
   • Direction: Short
   • Entry: 64.46
   • Stop: 65.46
   • Target: 63.46
   • Pattern: Expansion Bar / Trend Line Break Down

   

6. United Dominion Realty Trust (UDR)
   • Direction: Short
   • Entry: 29.16
   • Stop: 29.66
   • Target: 28.66
   • Pattern: Expansion Bar / Support Break

   

7. Western Refining Inc. (WNR)
   • Direction: Short
   • Entry: 43.97
   • Stop: 44.82
   • Target: 42.97
   • Pattern: Expansion Bar / Support Break

   

8. Fluor Corp. (FLR)
   • Direction: Short
   • Entry: 69.99
   • Stop: 71.15
   • Target: 68.99 and 66.12
   • Pattern: Expansion Bar / Support Break

   

9. VMWare Inc. (VMW)
   • Direction: Short
   • Entry: 95.53
   • Stop: 97.03
   • Target: 94.03 and 93.12
   • Pattern: Expansion Bar

   

10. Pacira Pharmaceuticals Inc. (PCRX)
    • Direction: Short
    • Entry: 102.02
    • Stop: 103.52
    • Target: 99.47
    • Pattern: Bear Flag

    

11. Timekensteel Corp. (TMST)
    • Direction: Long
    • Entry: ORB (Opening Range Bar – first 30-minute trading candle) break
    • Stop: 46.63
    • Target: 51.63
    • Pattern: Expansion Bar / All Time High

    

12. USSilicaHldgs Inc. (SLCA)
    • Direction: Long
    • Entry: 69.85
    • Stop: 68.35
    • Target: 71.35 – initial target and 73.18 second target
    • Pattern: Expansion Bar

    

Previous Trades Update:

Four of our setups were triggered on September 10th.

1. ABBV (long): maintain the stop at 56.43 and target at 58.02
2. GCI (short): adjust the stop to 32.70 and target to 31.51
3. QIHU (short). We are short from Sep-10 at 81.82. The first target was hit for 2.1% gain. Adjust the stop to break-even and second target 77.35 and third target to 74.60
4. TCS (short). Maintain the stop at 22.61 and the first target at 20.70 and second target at 19.61

Open Swing Trades:

1. YHOO (long). We are long from Sep-09 at 41.92. Maintain the stop at 40.11 and target at 43.41
2. NKE (long) from 08-Sep-14 at 82.21. Move the stop to 81.25 and maintain the target at 83.70
3. SOHU (short): We are short from 60.69 on 04-Sep-14. The initial target of 55.36 was hit on 09-Sept-14 for a 1.7% gain. Move the stop to 55.85 and target for second lot to 53.05 and third target to 47.85
4. THRX (short): We are short from 21.74 on 04-Sep-14. Our first target was hit on 10-Sep-14 for 7.1% gain. Maintain the stop to 21.10 and keep the second target at 17.56 and third target at 16.06

Trades Closed Today:

1. VNET (short): We were stopped on a first-hour spike for 13.3%. Unfortunately we missed the subsequent drop to our intended target. First lots gained 4.9% and 18.2% on 09-Sep-14. The combined gain for the trade was 12.1%
2. CRZO (short): We were stopped on the third lot for 6.0% gain. The first lot realized 2.1% gain on Sep-04 and second lot gained 8.7% on Sep-08. The total gain for the trade was 5.6%
3. APA (short) hit the target for 1.3% gain
4. MDVN (long) hit the target for 0.8% gain
5. Z (short) was stopped for 2.2% 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