The morning trade was rough. Even with some early strength in the market, none of the long-side trades showed any profit. The best we could do was move the stops to breakeven.

As the market rolled over late in the session, it looked like we could make back the early losses. DIS hit the S1 target, but RYN knocked us out after the stop was moved to breakeven. AMCX had a nice dollar move over the last two hours, but a well-defined stop never formed. KRFT also popped down to the R1 pivot late, but it was an unusual setup, so I passed. In addition, a late long-side entry in AET was stopped out at the initial stop.

AET LONG 61.84 61.56 $(0.28)
MGA LONG 67.37 67.37 $-
OCN LONG 43.12 43.12 $-
UHS LONG 69.64 69.49 $(0.15)
UHS LONG 69.54 69.54 $-
UNH LONG 64.36 64.10 $(0.26)
UNH LONG 64.27 64.04 $(0.23)
DIS SHORT 64.26 63.64 $0.62
RYN SHORT 55.77 55.77 $-

Total of ($0.30) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$300 gross earnings for the day. $12.48 per share for the month. 1000 share per trade would be $12,480 gross earning for the month.

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

CTRX Catamaran Corp
MAN ManpowerGroup
SPLK Splunk Inc

Bearish Short-Side Setups

ADP Automatic Data Proc
AIG Amer Intl Group
AON Aon Plc
AWK American Water Works Co Inc
AXP American Express Company
BAX Baxter Intl
BBBY Bed Bath & Beyond
BBL BHP Billiton Plc ADS
BEAM Beam Inc.
BG Bunge Ltd
BHP BHP Billiton Ltd ADR
BWA Borg Warner
CAM Cameron International Corp
CLR Continental Resources Inc
COL Rockwell Collins
CTRP Ctrip.com Intl Ltd
CVS CVS Caremark Corporation
DO Diamond Offshore Drilling
DTV DirecTV Group
ESV Ensco plc (new) Cl A
ETN Eaton Corp
FISV Fiserv Inc
HD Home Depot Inc
HON Honeywell Intl
HP Helmerich & Payne
IMAX Imax Corp
MKC Mccormick & Co
NKE Nike, Inc'B'
NOC Northrop Grumman
NUE Nucor Corp
PFE Pfizer, Inc
PG Procter & Gamble
RIO Rio Tinto plc ADS
RMD Resmed Inc
RY Royal Bank Canada
STJ St. Jude Medical
TAP Molson Coors Brewing Co Cl 'B'
TROW T.Rowe Price Group
TWX Time Warner
VIAB Viacom Inc Cl 'B'
VNO Vornado Realty Trust
WAG Walgreen Co
WPZ Williams Partners L.P.

Dave Mecklenburg is Publisher of TigerSharkTrading.com.