A strong move off the open again made it hard to find stock setups. Again, I don't trade the first 15 minutes, so I can wait for volatility to die down and for the spreads to come in. If stocks make strong moves in the first 15 minutes, very often stocks are too extended to find an entry.

STJ LONG 53.81 54.35 $0.54
EQR SHORT 53.95 54.25 $(0.30)
TDC SHORT 55.63 55.08 $0.55

Total of $0.79 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $790 gross earnings for the day. $0.79 per share for the month. 1000 share per trade would be $790 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

ABC AmeriSourceBergen Corp
AOL AOL Inc

Bearish Short-Side Setups

HFC HollyFrontier Corporation
TSO Tesoro Corporation

Dave Mecklenburg is Publisher of TigerSharkTrading.com.