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.

1. GOGO Inc. (GOGO)
   • Direction: Long
   • Entry: 18.95 or ORB (Opening Range Bar – first 30-minute trading candle) break
   • Stop: 18.35
   • Target: 19.71
   • Pattern: Expansion Candle / Resistance Break

   

2. International Paper Co. (IP)
   • Direction: Long
   • Entry: 50.68 or ORB (Opening Range Bar – first 30-minute trading candle) break
   • Stop: 49.68
   • Target: 51.68
   • Pattern: Expansion Candle / Resistance Break

   

3. Newpark Resources, Inc. (NR)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle) break
   • Stop: 12.64
   • Target: 13.39
   • Pattern: Expansion Bar / Resistance Break

   

4. NewYorkCommunityBancorp (NYCB)
   • Direction: Long
   • Entry: 16.32
   • Stop: 15.97
   • Target: 16.75
   • Pattern: Expansion Bar / Resistance Break

   

5. RCS Capital Corp.(RCAP)
   • Direction: Long
   • Entry: 24.19
   • Stop: 23.19
   • Target: 25.19 and 26.55
   • Pattern: Expansion Bar / Resistance Break

   

6. Ubiquiti Networks, Inc.(UBNT)
   • Direction: Long
   • Entry: 49.83
   • Stop: 48.33
   • Target: 51.33 and 54.45
   • Pattern: Expansion Bar / Ascending Triangle Up Break

   

7. Marathon Pete Corp. (MPC)
   • Direction: Short
   • Entry: 88.33
   • Stop: 89.33
   • Target: 85.93
   • Pattern: Expansion Bar / Support Break

   

8. 58 Com Inc. (WUBA)
   • Direction: Short
   • Entry: 38.35  or ORB (Opening Range Bar – first 30-minute trading candle) break
   • Stop: 39.35
   • Target: 37.44
   • Pattern: Expansion Bar Follow Through Day

   

9. CornerstoneOnDemand Inc. (CSOD)
   • Direction: Long
   • Entry: 42.55
   • Stop: 41.55
   • Target: 43.80
   • Pattern: Expansion Bar

   

10. Semgroup Corp. (SEMG)
    • Direction: Long
    • Entry: 87.15
    • Stop: 85.65
    • Target: 88.65 – initial target
    • Pattern: Expansion Bar + Trend Bounce Back

    

Previous Trades Update:

Six of our setups were triggered on September 11th. One hit the target and five are open.

1. AVB (short) – update the stop to 150.32 and the target to 147.80
2. EQR (short) – adjust stop to 65.13 and target to 64.19
3. UDR (short) – update stop to 29.58 and target to 28.96
4. WNR (short) – maintain stop at 44.82 and target at 43.07
5. VMW (short) – maintain the stop to 98.01 and target to 94.37

Open Swing Trades:

1. TCS (short). Maintain the stop at 22.61 and the first target at 20.70 and second target at 19.61
2. QIHU (short). We are short from Sep-10 at 81.82. The first target was hit for 2.1% gain. Move the stop to 81.00 and second target 77.35 and third target to 74.60
3. YHOO (long). We are long from Sep-09 at 41.92. We will maintain the stop at 40.11 and target at 43.41
4. NKE (long) from 08-Sep-14 at 82.21. Maintain the stop at 81.25 and the target at 83.70
5. 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 at 20.50 and keep the second target at 17.56 and third target at 16.06

Trades Closed Today:

1. ABBV (long) closed at EOD for 1.0% gain
2. GCI (short) closed at EOD for 0.7% gain
3. SOHU (short) was stopped at the adjusted stop for 1.6% gain on the second lot. The total gain on the trade was 1.7%
4. PCRX (short) – hit the first lot for 1.7% gain and the second lot was stopped at break even

---

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