Using Range Bars to Day Trade Las Vegas Sands After Earnings

Day Trading LVS after they released their earnings last Wednesday was just a matter of fading the gap opening (46.05) on Thursday and then going long above the Thursday intra day resistance (45.00) on Friday morning. LVS was trading as high as 46.55 before Thursday open. When the opening bell rang and LVS could not take out the pre-market highs, it was just a matter of getting short on the first pullback after taking out the pre-market low of 44.93. My 1st sell short signal came at 9:52 am at 45.06 after trading below thw 44.93 level. The 2nd sell short signal came at 10:08 am at 44.95. The 3rd sell short signal came at 11:10 am at 44.76. The signal to cover the shorts were at 2:47 pm at 44.04. Friday morning after testing the Thursday morning resistance level it was time to go long. That signal came at 9:50 am at 44.90 and we were long on our trading desk....Ka Ching!

Best Buy Breakout Trade

Going long BBY above 42.89 with my 1st target at 44.18; my 2nd target at 45.37; my 3rd target at 48.00. My stop loss for my swing trade will be just below 41.00 and my day trade stop will be below 42.16. Once I get my 1st target I will move move the rest of my position to breakeven.

TJX Co. Breakout Trade

I am looking to go long on the $TJX breakout above 45.40 with my 1st target at the June 16th high of 46.74; my 2nd target will be the June 3rd high of 47.34; and my 3rd target will be the April 26th high of 48.50. My stop loss will be below 44.35

Day trading US Steel short

$X US Steel stayed below Pivot Point on Friday. I will be looking to initiate a short position below 42.00 and add more shares below 41.30 with a price target near the July 20th low of 40.43 and a stop loss above 42.57