Daily Trader: Trading Ideas For September 10th

Here are some trade setups for our Daily Trader portfolio for Wednesday September 10th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. AbbVie Inc. (ABBV) Direction: Long Entry: 57.28 Stop: 56.43 Target: 58.02 Pattern: Expansion Candle / Resistance Break Wellpoint Health Networks…

Trading Notes: September 9th

Many of our trading ideas from last night’s Daily Trader report gapped up. As is our policy,. we do not chase gaps if they are more than 1.00% away from previous close. Instead, we wait for the ORB (Opening Range Bar – first 30-minutes trading candle) to complete and the enter based upon its break…