Our Daily Trader portfolio scan generated following trade ideas for August 5th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days.

1. Gannett Co, Inc. (GCI)
   • Direction: Long
   • Entry: 34.54
   • Stop: 31.09
   • Target: 35.92
   • Pattern: Expanding Candle
2. Insmed Inc. (INSM)
   • Direction: Short
   • Entry: 12.47
   • Stop: 13.25
   • Target: 11.92
   • Pattern: Expansion Bar / Support Break / Gap Down

Previous Trades Update:

Two of our trades triggered on August 4th. If you have not already closed them then modify the stops and target levels.

• WU (short) – modify stop to 17.09 and target to 16.68
• LNKD (long) – update stop to 198.62 and target 205.92

Trades triggered on August 1st:

• AEM (short) closed with 1.1% gain
• CFN (short) returned 0.7% gain
• HST (short) lost 1.0%
• IJR (short) closed for 0.6% loss
• KBE (short) closed for 1.2% gain
• PWR (short) closed for 1.4% loss
• SIAL (short) lost 0.6%

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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