After a Fed suprise yesterday that didn't leave many short-side candidates and an opening gap up this morning, it didn't suprise me that we only had one trade trigger on the day. In the Live Trading Room this morning, we watched BMY and TEX move through our inflections points, but the reward-to-risk ratio just wasn't good enough. Again, control risk first, and then let profits follow.

NUE LONG 50.47 50.33 $(0.14)

Total of ($0.14) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$140 gross earnings for the day. $4.19 per share for the month. 1000 share per trade would be $4,190 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

CLDX Celldex Therapeutics Inc
CME CME Group Inc

Bearish Short-Side Setups

AET Aetna Inc
CRUS Cirrus Logic

Dave Mecklenburg is Publisher of TigerSharkTrading.com.