Here are some trade setups for our Daily Trader portfolio for Non-Farm Pay-roll Friday September 5th, 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: 125.27
   • Stop: 123.94
   • Target: 126.95
   • Pattern: Expansion Candle / Gap Up / Resistance Break

   

2. Direxion Daily Gold Miners Bear 3x Shares (DUST)
   • Direction: Long
   • Entry: 18.69
   • Stop: 18.20
   • Target: 19.70
   • Pattern: Expansion Candle / Channel Break Out

   

3. Fastenal Co. (FAST)
   • Direction: Long
   • Entry: ORB (Opening Range Bar – first 30-minute trading candle)
   • Stop: 46.60
   • Target: 48.55
   • Pattern: Expansion Candle / Potential Resistance Break

   

4. Sapient Corp. (SAPE)
   • Direction: Long
   • Entry: 15.51
   • Stop: 15.10
   • Target: 16.00
   • Pattern: Expansion Bar

   

5. Starwood Property Trust Inc. (STWD)
   • Direction: Long
   • Entry: 24.10
   • Stop: 23.65
   • Target: 24.50
   • Pattern: Expansion Bar / Resistance Break

   

6. Sohu Com Inc (SOHU)
   • Direction: Short
   • Entry: 56.34
   • Stop: 57.28
   • Target: 54.16
   • Pattern: Expansion Bar + Day 1

   

7. Englobal Corp. (EGN)
   • Direction: Short
   • Entry: 73.24
   • Stop: 74.91
   • Target: 71.13 – initial target
   • Pattern: Expansion Bar / Support Break

   

8. FrancoNeveda Corp. (FNV)
   • Direction: Short
   • Entry: 54.39
   • Stop: 55.34
   • Target: 52.95
   • Pattern: Expansion Bar / Short Bear Flag / Support Break

   

9. Lannet Inc. (LCI)
   • Direction: Short
   • Entry: 37.44
   • Stop: 38.96
   • Target: 35.10
   • Pattern: Expansion Bar

   

Previous Trades Update:

Seven of our setups were triggered on September 4th.

• LUK (long) – adjust stop to 25.49 and target to 26.20
• YPF (long) – modify stop to 34.78 and target at 36.14
• NR (short) – adjust the stop to 12.27 and target to 11.58
• FSLR (short) – adjust the stop to 71.25 and target to 73.50
• THRX (short) – modify the stop to 22.27 and target to 20.20

Trades Triggered on September 3th:

• ACXM (long) hit the adjusted target for 0.5% gain
• CA (long) hit the adjusted target for 1.6% gain
• EXPE (long) stopped for 0.6% loss
• RAX (long) closed for 3.8% gain
• SIMO (long) hit the adjusted target for 0.6% gain
• ZLTQ (long) closed for 1.8% loss
• CLD (short) stopped for 3.0% loss

Prior Trades:

• CRZO (short) – hit the initial target for 2.1% gain. Adjust the stop 59.60 and cover all at 50.79
• GEVA (short) – our initial target of 67.56 was hit for 2.6% gain. Adjust stop to 67.76 and cover the full position at 63.53
• GRMN (short) – adjust the stop to breakeven to 53.45 and maintain initial target at 52.28
• QIWI (short) – maintain the stop at 39.10 and initial target at 35.96
• C (long). Our initial target was hit. Adjust the stop to 52.07 and target to 55.67
• NDLS (short) – Our initial target of 18.40 was hit earlier. Adjust the stop to 18.28 and the cover all at 16.75
• BCEI (long) stopped out for 3.9% 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