The first-hour market pullback and then rally setup the type of trades I typically look for. DDD and KLAC setup big trades at their Central Pivots. Both CREE and QLIK setup similar big moves at their Central Pivots, but CREE didn't give us an acceptable protective stop and QLIK didn't produce a signal bar at a break of the Central Pivot.

DDD LONG 49.17 49.95 $0.78
KLAC LONG 58.38 59.46 $1.08
LEA LONG 72.52 72.52 $-
AMTD SHORT 26.62 26.93 $(0.31)
AON SHORT 68.80 68.83 $(0.03)Exit end of day.
CCI SHORT 67.72 67.65 $0.07 Exit end of day.

Total of $1.59 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,590 gross earnings for the day. $7.43 per share for the month. 1000 share per trade would be $7,430 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

APO Apollo Global Management LLC
AVT Avnet, Inc

Bearish Short-Side Setups

CYH Community Health Sys
EQR Equity Residential

Dave Mecklenburg is Publisher of TigerSharkTrading.com.