We struggled to find trades this morning. We found nothing in the first hour that met the criteria for taking a trade. Most new traders suffer from over-trading. It's important to maintain discipline and let trades come to you. Don't hunt. Don't chase.

The five trades that triggered either went to the target or took a full stop out.

BLOX LONG 32.29 32.64 $0.35
PSX LONG 58.00 57.73 $(0.27)
PSX LONG 57.97 58.63 $0.66
RGLD LONG 49.50 49.15 $(0.35)
SHLD SHORT 42.59 42.08 $0.51

Total of $0.90 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $900 gross earnings for the day. $8.90 per share for the month. 1000 share per trade would be $8,900 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

AFL AFLAC Inc
BG Bunge Ltd
BLOX Infoblox Inc
CHKP Check Point Software Tech
ICON Iconix Brand Group Inc
OCR Omnicare, Inc
QIHU Qihoo 360 Technology Co., Ltd.
TEL TE Connectivity Ltd
YUM Yum Brands

Bearish Short-Side Setups

CVE Cenovus Energy Inc
DNKN Dunkin' Brands Group Inc
ERJ Embraer SA
FCX Freeport-McMoRan Copper&Gold B
HCP HCP Inc
HOT Starwood Hotels&ResWorldwide
MDC MDC Holdings Inc
MOS The Mosaic Company (New)
QCOM Qualcomm Inc
RIG TransOcean Ltd
SCCO Southern Copper Corp
SYY Sysco Corp
TOL Toll Brothers
VTR Ventas Inc

Dave Mecklenburg is Publisher of TigerSharkTrading.com.