We caught some good luck today with CYH putting in a stop around the Central Pivot for a move back up through the Zero Fibonacci line. I like to target the R1 Pivot with an entry around the Central Pivot, but once we have over 50 cents, I like to trail on the back side of the next inflecion point. The trailing stop gave back 60 cents, but it still locked in 99 cents, as the stock reversed well beyond the Central Pivot entry. Even the most competent trader needs a little bit of luck to be successful. Yes, it takes a lot of skill to learn the trends, even more time to study the market and find resources like Bullionvault.com, but more often than not luck dictates how the trading will end.

CYH LONG 46.43 47.42 $0.99
LTD LONG 54.96 55.13 $0.17 Trail hit.
NBL SHORT 62.33 62.33 $-
R SHORT 60.81 60.74 $0.07 Trail hit.
SMTC SHORT 30.23 29.93 $0.30

Total of $1.53 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,530 gross earnings for the day. $9.98 per share for the month. 1000 share per trade would be $9,980 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

BG Bunge Ltd
CIE Cobalt Int'l Energy Inc
CTXS Citrix Systems
FAST Fastenal Co
FB Facebook Inc
GME Gamestop Corp 'A'
LVS Las Vegas Sands Corp
MCO Moody's Corp
WPRT Westport Innovations Inc

Bearish Short-Side Setups

CVS CVS Caremark Corporation
FIS Fidelity National Information
HDB Hdfc Bank ADS
HTZ Hertz Global Hldgs
JCI Johnson Controls
SNH Senior Housing Prop Trust
VZ Verizon Communications
WAG Walgreen Co
X U.S. Steel Corporation

Dave Mecklenburg is Publisher of TigerSharkTrading.com.