Most of our stocks had difficulty putting in stops in the morning with wide ranges and volatility price action. We only got one trade off in the first hour. NUE trailed out for a 28-cent profit. The rest of the short positions throughout the day were dogs -- stopping out in all four.

A late market rally helped trigger a long-side trade in MAN. The late pivot-to-pivot trade got us back on the plus side for the day.

MAN LONG 56.20 56.80 $0.60
CVS SHORT 58.02 58.16 $(0.14)
ETN SHORT 65.45 65.66 $(0.21)
NUE SHORT 44.82 44.54 $0.28 Trail hit.
TWX SHORT 57.78 58.02 $(0.24)
WAG SHORT 48.23 48.39 $(0.16)

Total of $0.13 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $130 gross earnings for the day. $0.13 per share for the month. 1000 share per trade would be $130 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

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Bearish Short-Side Setups

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Dave Mecklenburg is Publisher of TigerSharkTrading.com.