Our Daily Trader portfolio scan generated following trade setups for Friday August 29th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Crown Holdings Inc. (CCK)
   • Direction: Long
   • Entry: 48.31 or ORB (Opening Range Bar – first 30-minute candle) break
   • Stop: 47.52
   • Target: 48.81
   • Pattern: Expansion Candle

   

2. Vector Group Ltd. (VGR)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute candle) break
   • Stop: 23.38
   • Target: 24.80
   • Pattern: Expansion Candle / 13 Year High

   

3. VCAAntech, Inc. (WOOF)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute candle) break
   • Stop: 40.33 or below ORB
   • Target: 41.79
   • Pattern: Expansion Candle / Six Year High

   

4. Work Day Inc. (WDAY)
   • Direction: Short
   • Entry: 85.16 or ORB (Opening Range Bar – first 30-minute candle) break
   • Stop: 86.66
   • Target: 82.60
   • Pattern: Expansion Bar / Up Trend Line Break

   

5. QiwiPlc. (QIWI)
   • Direction: Short
   • Entry: 37.60
   • Stop: 39.50
   • Target: 35.96
   • Pattern: Expansion Bar / Two Day Reversal

   

6. Hi-Crush Partners (HCLP)
   • Direction: Long
   • Entry: 67.34
   • Stop: 64.95
   • Target: 68.99
   • Pattern: Expansion Bar / Resistance Break

   

7. Arista Networks Inc. (ANET)
   • Direction: Long
   • Entry: 83.99
   • Stop: 82.45
   • Target: 85.75
   • Pattern: Expansion Bar / Two Day Reversal

   

Previous Trades Update: One of our trades was triggered on August 28th.

• HE (long) – adjust the stop to 25.02 and modify the target to 25.55

Trades Triggered on August 27th:

• ISIS (long) hit the target and closed for 2.6% gain

Prior Trades:

• C (long) – Maintain the stop at 51.21 and the target at 53.30
• NDLS (short) – maintain the stop at 20.29 and the initial target at 18.40
• LO (short) – maintain stop at 59.81 and initial target to 57.40.
• FFIV (long) was stopped for 1.6% loss

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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