Following are our trade ideas for our Daily Trader portfolio for Thursday August 7th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Costco Wholesale Corp. (COST)
   • Direction: Long
   • Entry: 120.07
   • Stop: 118.95
   • Target: 122.43
   • Pattern: Expanding Breakout / Ascending Triangle Up Break

   

2. Greenbrier Cos Inc. (GBX)
   • Direction: Short
   • Entry: 60.76 or ORB (Opening Range Bar – first 30 minute bar) breakdown
   • Stop: 61.70 or above the ORB
   • Target: 60.86
   • Pattern: Expansion Breakdown / Channel Breakdown

   

3. Synaptics Inc. (SYNA)
   • Direction: Long
   • Entry: 84.00
   • Stop: 81.70
   • Target: 88.41
   • Pattern: Expansion Bar / Bull Flag

   

4. Take-Two Interactive Software, Inc. (TTWO)
   • Direction: Short
   • Entry: 20.35
   • Stop: 21.21
   • Target: 19.90
   • Pattern: Expansion Breakdown / Support Breakdown / Uneven Head & Shoulder

   

5. Western Refining Inc. (WNR)
   • Direction: Long
   • Entry: 44.02
   • Stop: 42.99
   • Target: 44.84
   • Pattern: Expansion Breakout / Ascending Triangle Up Break

   

6. Alon USA Energy Inc. (ALJ)
   • Direction: Long
   • Entry: 13.82
   • Stop: 13.13
   • Target: 14.37
   • Pattern: Expansion Breakout / Ascending Triangle Up Break

   

Previous Trades Update:

Only one of our trades triggered on August 6th. If you have not already closed it then modify the stops and target levels.

• ERJ (short) – modify stop to 37.30 and target to 36.67

Trades triggered on August 5th:

• INSM (short) closed with 2.9% gain

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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