We saw another strong market rollover that gave us losing long-side stocks and winning short-side stocks. Again, I can't predict the future. I don't know what the market is going to do, so I prepare myself to trade both sides of the market. Control your risk and the profits will follow.

BBY LONG 29.15 28.88 $(0.27)
BC LONG 33.04 32.78 $(0.26)
LGF LONG 29.87 30.39 $0.52
AMT SHORT 72.58 72.58 $-
AMT SHORT 72.57 72.28 $0.29 Trail hit.
ED SHORT 57.82 57.55 $0.27
EIX SHORT 46.99 46.65 $0.34 Trail hit.

Total of $0.89 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $890 gross earnings for the day. $1.59 per share for the month. 1000 share per trade would be $1,590 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.