The market gapped up, but gave us a pullback in the first hour. That's usually a sure sign that some long-side trades will trigger after the pullback completes, but nothing doing today. It was very difficult to find long-side trades with acceptable risk/reward ratios and clean entries. The short side setup more trades, but much of the day's trading was a grind for small gains and losses.

PETM LONG 69.45 69.48 $0.03 Exit end of day.
AVGO SHORT 37.81 37.95 $(0.14)
AVGO SHORT 37.81 37.52 $0.29 Exit end of day.
KLAC SHORT 56.39 56.56 $(0.17)
MCHP SHORT 37.70 37.77 $(0.07) Exit end of day.
NXPI SHORT 31.68 31.68 $-
NXPI SHORT 31.66 31.69 $(0.03) Exit end of day.

Total of ($0.09) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$90 gross earnings for the day. $3.34 per share for the month. 1000 share per trade would be $3,340 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
DECK Deckers Outdoor

Bearish Short-Side Setups

CERN Cerner Corp
CFN CareFusion Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.