An opening gap up followed by a downtrending day made for another profitable day wth our short-side stocks. We received a little extra luck in FFIV when the SI Pivot target was missed by 2 cents, but didn't trail out. A powerful move through the pivot allowed for a trailing stop at the initial target and an extended target.

AET LONG 62.10 61.87 $(0.23)
RMD LONG 46.92 46.92 $-
FFIV SHORT 75.11 74.20 $0.91 Trail hit.
KLAC SHORT 55.58 55.32 $0.26 Trail hit.
LRCX SHORT 47.06 46.46 $0.60
POR SHORT 30.03 29.73 $0.30 Exit end of day.
SLB SHORT 71.67 71.28 $0.39 Trail hit.

Total of $2.33 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $2,330 gross earnings for the day. $9.22 per share for the month. 1000 share per trade would be $9,220 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

GWRE Guidewire Software Inc
MMP Magellan Midstream Partners LP

Bearish Short-Side Setups

ADI Analog Devices
BRCM Broadcom Corp'A'
CBS CBS Corporation

Dave Mecklenburg is Publisher of TigerSharkTrading.com.