We saw a lot of strong moves, both to long side and short side, for big gains off the open. Unfortunately, I don't trade the open, because of the risk. I minimize my risks, and let the profits follow. Sometimes we miss out on big gains, but we also miss out on big losses, big slips, and big volatility.

A LONG 47.98 47.69 $(0.29)
ALTR LONG 37.33 37.49 $0.16
EXPD LONG 42.14 42.16 $0.02 Exit end of day.
KMP SHORT 79.78 79.78 $-
WMB SHORT 35.46 35.11 $0.35

Total of $0.24 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $240 gross earnings for the day. $1.60 per share for the month. 1000 share per trade would be $1,600 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

ATI Allegheny Technologies
BRCM Broadcom Corp'A'

Bearish Short-Side Setups

AEM Agnico Eagle Mines Ltd
CAB Cabela's Inc

Dave Mecklenburg is Publisher of TigerSharkTrading.com.