We were looking at ho-hum day of trading. The market gapped up and went sideways, making it difficult to trigger trade on the watch list. A late surge in PNC hit our big target at the 50% Fibonacci extension, and a final hour of weakness in MDC picked up another 33 cents. In the end, sticking to the plan, controlling our risk, and not booking trades early produced a good day of trading.

COF LONG 65.68 65.56 $(0.12)
HAL LONG 43.86 43.95 $0.09 Exit end of day.
HOT LONG 65.58 65.58 $-
LNC LONG 38.54 38.65 $0.11 Exit end of day.
PNC LONG 76.05 76.66 $0.61
STI LONG 34.00 34.06 $0.06 Exit end of day.
MDC SHORT 29.83 29.50 $0.33 Exit end of day.

Total of $1.08 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,080 gross earnings for the day. $3.43 per share for the month. 1000 share per trade would be $3,430 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

AVG AVG Technologies NV
CINF Cincinnati Financial
ETP Energy Transfer Partners LP
LO Lorillard Inc (New)
LULU Lululemon Athletica Inc
NRG NRG Energy Inc
OKE Oneok Inc
RAI Reynolds American Inc
UNH UnitedHealth Group Inc
Z Zillow Inc Cl A

Bearish Short-Side Setups

ANGI Angie's List Inc
ASML ASML Holding N.V. New York
AVGO Avago Technologies Ltd
CRM salesforce.com Inc
DDD 3D Systems Corp
LLTC Linear Technology Corp
MCHP Microchip Technology
MHK Mohawk Indus
MXIM Maxim Integrated Prod
NXPI NXP Semiconductors N.V.
PAA Plains All American Pipeline
QCOM Qualcomm Inc
SNDK SanDisk Corp
SWKS Skyworks Solutions

Dave Mecklenburg is Publisher of TigerSharkTrading.com.