We scraped out a little profit today, but still were down for the week. We just need to work through the grind. There will be periods of sideways action in the market when it's tough to make money, but no one can predict when those periods will come and when they will end. We just need to control our risk and be ready for the next trending price action.

AKAM LONG 46.96 46.78 $(0.18)
AKAM LONG 46.96 47.15 $0.19 Exit end of day.
DG LONG 55.06 54.94 $(0.12)
STZ LONG 55.66 55.85 $0.19 Exit end of day.
TGT SHORT 64.49 64.41 $0.08 Trail hit.

Total of $0.16 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $160 gross earnings for the day. $7.64 per share for the month. 1000 share per trade would be $7,640 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

ANN Ann Taylor Stores Corporation
D Dominion Resources Inc

Bearish Short-Side Setups

MDC MDC Holdings Inc
MDT Medtronic, Inc

Dave Mecklenburg is Publisher of TigerSharkTrading.com.