We were on the verge of a spectacular trading day, but the market reversed before a few stocks could hit big targets. It's tough to give back 50 cents in a stock, but sometimes there is nowhere to trail a protective stop when trying to hit a big target. In Dominion Resources (D), the stock got within five cents of hitting the target inside the S1 Pivot -- a move of over 80 cents. In this case without a pullback to trail behind, we can trail a stop on the backside of the last inflection point -- Thursday low. In the case of NU, the stock price had just broken Thursday's low, so it was too close to trail on the backside of that inflection point. We were stuck trailing at the last pullback 50 cents away, and eventually stopped out there.

It was still a good day of trading. And I still insist on giving stocks room to hit big targets, even after giving back a full point on the reversal.

D SHORT 54.61 54.19 $0.42 Trail hit.
D SHORT 54.62 54.79 $(0.17)
HCP SHORT 42.36 41.98 $0.38 Trail hit.
KMI SHORT 36.63 36.28 $0.35 Trail hit.
MDLZ SHORT 28.65 28.65 $-
NNN SHORT 32.75 32.20 $0.55
NU SHORT 39.99 39.87 $0.12 Trail hit.
O SHORT 41.41 41.41 $-
SO SHORT 42.76 42.76 $-

Total of $1.65 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,650 gross earnings for the day. $12.09 per share for the month. 1000 share per trade would be $12,090 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

CMA Comerica Inc
ETR Entergy Corp
NUVA NuVasive Inc
VNTV Vantiv Inc
WPZ Williams Partners L.P.

Bearish Short-Side Setups

AAP Advance Auto Parts Inc
AOL AOL Inc
EFX Equifax Inc
GPN Global Payments
ITW Illinois Tool Works
LVS Las Vegas Sands Corp
NSM Nationstar Mortgage Holdings
RLGY Realogy Holdings Corp
TDC Teradata Corp
WDR Waddell & Reed Finl'A'

Dave Mecklenburg is Publisher of TigerSharkTrading.com.