We've had a good start to the month with two good trading days. Often a good start will put traders at psychological ease knowing they are in the black, but you have to prepare yourself for bad days and bad starts. It's important to find ways to maintain patience and discipline to your trading rules, especially during a drawdown.

FL LONG 36.97 37.40 $0.43
KMT LONG 44.88 44.95 $0.07
MET LONG 50.80 50.70 $(0.10)
ROST LONG 68.86 68.90 $0.04 Exit end of day.
CCJ SHORT 19.98 19.80 $0.18 Exit end of day.
PHH SHORT 20.94 21.13 $(0.19)
SLW SHORT 22.58 22.05 $0.53 Exit end of day.

Total of $0.96 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $960 gross earnings for the day. $2.32 per share for the month. 1000 share per trade would be $2,320 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

COP ConocoPhillips
DIS Disney (Walt) Co
DOW Dow Chemical
GME Gamestop Corp 'A'
HD Home Depot Inc
IR Ingersoll-Rand Plc
SEE Sealed Air
TWX Time Warner
UPL Ultra Petroleum Corp
VNTV Vantiv Inc

Bearish Short-Side Setups

HFC HollyFrontier Corporation
ILMN Illumina Inc
MPC Marathon Petroleum Corp
RMD Resmed Inc
SBAC SBA Communications'A'

Dave Mecklenburg is Publisher of TigerSharkTrading.com.