We had another strong moving session, which triggered a few long-side trades. All of the long-side trades were duds.

The afternoon rollover triggered short-side trades and we were able to ride the market weakness from inflection point to inflection point. Today is a good illustration of why I like to have setups for both sides of the market.

CMCSA LONG 41.30 41.12 $(0.18)
DOX LONG 37.25 37.06 $(0.19)
RHP LONG 38.48 38.30 $(0.18)
SLW LONG 20.35 20.35 $-
BMY SHORT 45.27 44.71 $0.56
DE SHORT 81.73 81.27 $0.46
FMC SHORT 61.89 62.06 $(0.17)
FMC SHORT 61.93 61.53 $0.40
MRK SHORT 46.76 46.76 $-

Total of $0.70 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $700 gross earnings for the day. $0.70 per share for the month. 1000 share per trade would be $700 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.

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Bullish Long-Side Setups

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Dave Mecklenburg is Publisher of TigerSharkTrading.com.