We didn't see any good follow-through. The WAG trade did eventually close at our big target, but a trailing stop took us out of the trade. The short-side trades hung around until the close and caught the late afternoon weakness to push us positive for the day. I close any open positions with two minutes left in the session.

BID LONG 48.62 48.42 $(0.20)
RAX LONG 51.69 51.77 $0.08 Trail hit.
WAG LONG 52.93 53.15 $0.22 Trail hit.
DTE SHORT 65.97 65.75 $0.22 Exit end of day.
JPM SHORT 52.66 52.56 $0.10 Exit end of day.
VLO SHORT 35.06 35.04 $0.02 Exit end of day.

Total of $0.44 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $440 gross earnings for the day. $2.62 per share for the month. 1000 share per trade would be $2,620 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

BBG Bill Barrett Corporation
DISH(F) DISH Network Corp Class A

Bearish Short-Side Setups

CCI Crown Castle Intl
EMN Eastman Chemical

Dave Mecklenburg is Publisher of TigerSharkTrading.com.