Kohl's (KSS) is a textbook trade of what I do. The stock triggered soon after the spread narrowed, and the stock spent a few hours working its way to our target.

DFS and AIG are good examples of trailing a stop at the last pullback near an inflection point. Look to lock in some profits while still giving a stock room to move. The trailing stop knocked us out in both stocks, but these are good examples of where to place a stop to lock in profits.

KSS LONG 47.32 48.09 $0.77
ANF LONG 47.69 47.39 $(0.30)
BID SHORT 34.65 34.65 $-
AON SHORT 60.83 60.83 $-
AON SHORT 60.73 60.68 $0.05 Exit end of day.
DKS SHORT 46.45 46.31 $0.14 Exit end of day.
MAT SHORT 43.30 43.28 $0.02 Exit end of day.
CNQ SHORT 30.52 30.53 $(0.01) Exit end of day.
CMA SHORT 34.09 34.25 $(0.16)
DFS SHORT 43.31 42.99 $0.32 Trail hit.
AIG SHORT 38.10 37.82 $0.28 Trail hit.
BRCM SHORT 33.15 33.43 $(0.28)

Total of $0.83 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $830 gross earnings for the day.

Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session. Additional setups may be available in the live trading room. Email support for a free password.

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.

Bullish Long-Side Setups

MNST Monster Beverage Corporation
DO Diamond Offshore Drilling
FDO Family Dollar Stores
FE FirstEnergy Corp
ETR Entergy Corp
EMR Emerson Electric Co
BBY Best Buy
STJ St. Jude Medical
EQR Equity Residential
BKS Barnes & Noble
HCN Health Care Reit
BIG Big Lots Inc

Bearish Short-Side Setups

FRAN Francesca's Holdings Corp
ADT The ADT Corp
HCSG Healthcare Svcs Group
TD Toronto-Dominion Bk
XXIA Ixia

Dave Mecklenburg is Publisher of TigerSharkTrading.com.