Here are some trade setups for our Daily Trader portfolio for Monday September 8th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Comcast Corp. (CMCSA)
   • Direction: Long
   • Entry: 55.89
   • Stop: 54.68
   • Target: 56.45
   • Pattern: Expansion Candle / Resistance Break

   

2. WisdomTree India Earnings Fund (EPI)
   • Direction: Long
   • Entry: 23.67
   • Stop: 23.17
   • Target: 24.40
   • Pattern: Expansion Candle / Channel Break Out

   

3. Fulton Financial Corp. (FULT)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle)
   • Stop: 11.51
   • Target: 11.98
   • Pattern: Expansion Candle / Potential Resistance Break

   

4. Harley Davidson Inc. (HOG)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle)
   • Stop: 64.85
   • Target: 66.60
   • Pattern: Expansion Bar / Resistance Break

   

5. Jazz Pharmaceuticals, Inc. (JAZZ)
   • Direction: Long
   • Entry: 168.98
   • Stop: 161.38
   • Target: 170.40
   • Pattern: Expansion Bar / Resistance Break

   

6. Nike Inc. (NKE)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle)
   • Stop: 80.72
   • Target: 83.70
   • Pattern: Expansion Bar / Resistance Break / All Time High

   

7. Fresh Market Inc. (TFM)
   • Direction: Long
   • Entry: 35.92
   • Stop: 34.97
   • Target: 37.72
   • Pattern: Expansion Bar / Resistance Break

   

8. Energen Corp. (EGN)
   • Direction: Short
   • Entry: 74.19 or ORB (Opening Break Bar – first 30-minute trading candle)
   • Stop: 76.41
   • Target: 73.45
   • Pattern: Expansion Bar + Day 1

   

9. Workday Inc. (WDAY)
   • Direction: Long
   • Entry: 90.96
   • Stop: 87.43
   • Target: 92.05
   • Pattern: Potential Resistance Break / Ascending Triangle Break

   

10. Palo Alto Networks Inc. (PANW)
    • Direction: Long
    • Entry: 89.26
    • Stop: 86.60
    • Target: 92.45
    • Pattern: Ascending Triangle Break

    

11. ServiceNow Inc. (NOW)
    • Direction: Long
    • Entry: 62.78
    • Stop: 60.43
    • Target: 64.36 – initial target
    • Pattern: Channel upper Limit Test

    

12. ElPolloLocoHldgs Inc. (LOCO)
    • Direction: Long
    • Entry: 35.50
    • Stop: 38.42
    • Target: 39.90 – initial target
    • Pattern: Cup & Handle

    

Previous Trades Update:

Five of our setups were triggered on September 5th.

• COST (long) hit the target for 1.3% gain
• DUST (long) – adjust the stop to 18.00 and target to 19.70
• SOHU (short) – modify the stop to 56.72 and target to 55.36
• LCI (short) – adjust stop to 38.74 and target to 37.91

Trades Triggered on September 4th:

• FSLR (short) closed for 1.7% loss
• NR (short) closed for 0.4% gain
• YPF (long) stopped for 3.5% loss
• LUK (long) hit the target for 2.3% gain

Prior Trades:

• THRX (short) – Update the stop to breakeven at 21.70 and keep the initial target at 20.20
• CRZO (short) – hit the initial target for 2.1% gain. Keep the adjusted stop at 59.60 and cover all at 50.79
• GEVA (short) – our initial target of 67.56 was hit for 2.6% gain. Our second piece was stopped at 67.76 in the early morning spike for 2.3% gain
• GRMN (short) hit the initial target of 52.28 for 2.2% gain. Maintain the stop for second piece at 53.45 and target at 49.96
• QIWI (short) was stopped for 4% loss
• C (long) – the second piece was stopped at 52.07 for 1.5% gain
• NDLS (short) – Our initial target of 18.40 was hit earlier. Move the stop to 17.75 and look to cover all at 16.75

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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