We had to wait almost two hours for our long-side setups to bottom out and start setting up trades with reasonable stops. A little bit of a grind, but the stop-outs were small. Manage risk first, then worry about profits.

There were a few seemingly good trades not on the day's log. Sliver Wheaton (SLW) hit the 100% Fibonacci extension line, but the only possible entry setup through the S1 Pivot didn't leave enough of a target to the S2 Pivot. There was a similar situation in First Majestic Silver (AG). Medicines Co (MDCO) made a nice move from the Central Pivot to the Zero Fibonacci line, but the reward-to-risk ratio wasn't good enough.

ALB LONG 60.27 60.33 $0.06 Trail hit.
ALB LONG 60.27 60.27 $-
CVS LONG 57.32 57.18 $(0.14)
HCN LONG 70.83 71.28 $0.45
K LONG 64.63 64.48 $(0.15)
K LONG 64.57 64.41 $(0.16)
PCL LONG 50.31 50.74 $0.43 Exit end of day.
ABX SHORT 18.63 18.77 $(0.14)
ABX SHORT 18.63 18.12 $0.51

Total of $0.86 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $860 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. Request your free invitation here.

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

BLOX Infoblox Inc
DG Dollar General Corporation
ENDP Endo Health Sloutions Inc
GSK GlaxoSmithKline PLC ADR
RCL Royal Caribbean Cruises

Bearish Short-Side Setups

ALTR Altera Corp.
AVGO Avago Technologies Ltd
DTV DirecTV Group
GOLD Randgold Resources ADS
HAL Halliburton Co
LAZ Lazard Ltd
LLL L-3 Communications Hldgs
NOV National Oilwell Varco Inc
NXPI NXP Semiconductors N.V.
OIS Oil States Intl
PEP Pepsico Inc
RGLD Royal Gold Inc
SLW Silver Wheaton Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.