Here are some trade setups for our Daily Trader portfolio for Friday September 12th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. GOGO Inc. (GOGO) Direction: Long Entry: 18.95 or ORB (Opening Range Bar – first 30-minute trading candle) break Stop: 18.35 Target:…

We will update some of our ongoing trades based upon the current market action. PCRX (short) – update the first target to 100.30. SOHU (short) – move stop to 55.43 QIHU (short) – adjust stop to 81.00 THRX (short) – update stop to 20.92

The early morning bias of the market is to the downside but it is somewhat orderly. Some of our trades ideas need to be adjusted based upon the first 30-minute trading. RVBD (long) – adjust entry to 19.50, stop to 19.25 and target to 19.83 TMST (long) – adjust entry to 50.93, stop to 49.43 and…