We saw our worst day of trading over the past two months. I tried to short stocks as they reversed through pivots, but the market kept pushing our stocks higher. The best we can do on a day like this is contain our risk, obey our stops, and shake it off.

After a big trending day, I try to find a few stocks to trade in case the market reverses. I could only find one long-side stock for today in MJN. MJN made a nice S1-to-Central-Pivot move, but there was not a small enough initial stop to take the trade.

Also, IRM setup a nice looking S1-to-S2-Pivot move, but a target under 30 cents isn't worth the effort.

D SHORT 58.50 58.70 $(0.20)
DRI SHORT 52.94 52.94 $-
DUK SHORT 69.39 69.67 $(0.28)
ED SHORT 58.88 59.06 $(0.18)
IP SHORT 46.81 46.96 $(0.15)
MAC SHORT 67.35 67.35 $-
NSC SHORT 77.51 77.51 $-

Total of ($0.81) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$810 gross earnings for the day.

Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.

Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.

Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

BA Boeing Co
BBG Bill Barrett Corporation
CHK Chesapeake Energy
CME CME Group Inc
COG Cabot Oil & Gas
DF Dean Foods
DGX Quest Diagnostics
DPZ Domino's Pizza
EA Electronic Arts, Inc.
ECA EnCana Corporation
EQR Equity Residential
EXPD Expeditors Intl of Washington
EXXI Energy XXI Ltd (Bermuda)
FRX Forest Labs
HAIN Hain Celestial Group
JCP Penney (J.C.)
LGF Lions Gate Entertainment
MAS Masco Corp
PDCO Patterson Companies
ROSE Rosetta Resources Inc
SRPT Sarepta Therapeutics Inc
UAL United Continental Hldgs Inc
UPL Ultra Petroleum Corp
WDC Western Digital
WSM Williams-Sonoma

Bearish Short-Side Setups

CRUS Cirrus Logic

Dave Mecklenburg is Publisher of TigerSharkTrading.com.