Third consecutive big opening gap left us overextended and struggling for entries. We eventually found a few entries, but didn't get any follow-through. Control your risk first, and the profits will eventually follow.

ABC LONG 55.38 55.26 $(0.12)
ABC LONG 55.31 55.31 $-
DLPH LONG 50.80 50.80 $-
NOW LONG 40.74 40.74 $-
JOY SHORT 49.41 49.64 $(0.23)

Total of ($0.35) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$350 gross earnings for the day. $12.00 per share for the month. 1000 share per trade would be $12,000 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

CA CA Inc
CBOE CBOE Holdings Inc
ETP Energy Transfer Partners LP
HAR Harman Intl
IPXL Impax Laboratories Inc
IRBT iRobot Corporation
MCO Moody's Corp
OI Owens-Illinois
RHP Ryman Hospitality Properties
UNH UnitedHealth Group Inc
WPRT Westport Innovations Inc

Bearish Short-Side Setups

DK Delek US Holdings Inc
DVN Devon Energy
EXXI Energy XXI Ltd (Bermuda)
LINE Linn Energy LLC
MOS The Mosaic Company (New)
TSO Tesoro Corporation
UPL Ultra Petroleum Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.