A big opening gap down followed by a morning rally triggered three long-side trades that hit their big targets. BLOX, WDC, and WLP also put in some big moves, but none those stocks triggered a trade with an acceptable initial stop.

I'm willing to take a second position in a stock, but taking re-entries in EBAY and PNC were losers as the market showed weakness in the afternoon trade. That weakness pushed HCP to its down-side target, though. Overall, a great day of trading.

EBAY LONG 52.27 52.42 $0.15 Trail hit.
EBAY LONG 52.29 52.10 $(0.19)
PNC LONG 71.87 72.41 $0.54
PNC LONG 71.81 71.66 $(0.15)
SNDK LONG 59.33 60.43 $1.10
UNH LONG 63.44 64.19 $0.75
CCI SHORT 69.54 69.54 $-
DISCA SHORT 73.97 73.97 $-
HCP SHORT 46.84 46.22 $0.62
HSH SHORT 33.78 33.95 $(0.17)
HSH SHORT 33.79 33.74 $0.05 Exit end of day.
RYL SHORT 40.81 40.74 $0.07 Trail hit.

Total of $2.77 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $2,770 gross earnings for the day. $6.99 per share for the month. 1000 share per trade would be $6,990 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

BLOX Infoblox Inc

Bearish Short-Side Setups

POR Portland General Electric

Dave Mecklenburg is Publisher of TigerSharkTrading.com.