We saw some bad luck earlier in the session by getting just stopped out at breakeven. Sometimes 20 cents isn't enough room to give a stock when you move the stop to breakeven, but again, I like to control my risk first and then worry about profits.

Sticking with the plan and not worrying about the bad luck eventually paid off. Even though the market was relatively flat late in the session, three long position in ANGI, MYGN, and FMC saw late rallies to the target for a nice gain.

KR triggered a first-hour trade and did travel to the R1 Pivot. On a trade like this, I like to target the 50% Fibonacci line and give the trade some room to hit the further target, which it did not in this case.

ANGI LONG 25.31 25.81 $0.50
FMC LONG 62.42 62.79 $0.37 Exit end of day.
IVZ LONG 34.12 34.22 $0.10 Exit end of day.
KR LONG 34.61 34.72 $0.11 Exit end of day.
MS LONG 27.03 27.10 $0.07 Exit end of day.
MUR LONG 65.87 65.87 $-
MYGN LONG 33.56 33.99 $0.43
AEM SHORT 31.32 31.32 $-
WLT SHORT 15.49 15.49 $-

Total of $1.58 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,580 gross earnings for the day. $4.22 per share for the month. 1000 share per trade would be $4,220 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

MYGN Myriad Genetics
SNDK SanDisk Corp
UNH UnitedHealth Group Inc

Bearish Short-Side Setups

HCP HCP Inc
HFC HollyFrontier Corporation
PLD ProLogis Inc

Dave Mecklenburg is Publisher of TigerSharkTrading.com.