It was a brutal day of trading. The market had two trending waves down, which would have been nice to take advantage of with some short-side setups. Yesterday's trading didn't leave much in terms of short-side setups, and the few we had didn't trigger.

ASH LONG 91.20 91.20 $-
CMCSA LONG 43.53 43.45 $(0.08)
EBAY LONG 54.01 53.69 $(0.32)
EBAY LONG 53.95 53.95 $-
LVLT LONG 25.59 25.50 $(0.09)
NUE LONG 48.46 48.33 $(0.13) Exit end of day.
PETM LONG 72.53 72.40 $(0.13)
VAR LONG 74.40 74.33 $(0.07) Exit end of day.

Total of ($0.82) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$820 gross earnings for the day. $2.18 per share for the month. 1000 share per trade would be $2,180 gross earnings 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

BID Sotheby's
GDP Goodrich Petroleum

Bearish Short-Side Setups

BPOP Popular Inc
CAM Cameron International Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.