We had trouble finding stops this morning that would give us good reward-to-risk ratios. We had to wait a few hours for some of our stocks to put in bottoms and give us a tight stop at an inflection point. Most the trades were for small gains as range narrowed in the afternoon, but VMC setup a nice trade to the R1 pivot.

BAX LONG 69.60 69.65 $0.05 Trail hit.
CNK LONG 30.63 30.78 $0.15 Exit end of day.
MOS LONG 61.34 61.57 $0.23 Exit end of day.
SWI LONG 50.93 51.05 $0.12 Trail hit.
VMC LONG 48.97 49.56 $0.59

Total of $1.14 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,140 gross earnings for the day. Total for the money of April is $16.69 per share. 1000 shares per trade would be $16,690.

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 list of setups. Full list went out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

ADSK Autodesk, Inc
ALB Albemarle Corp
ARW Arrow Electronics
BCE BCE Inc
CCK Crown Holdings

Bearish Short-Side Setups

FIRE Sourcefire Inc
MAS Masco Corp
TFX Teleflex Inc
THOR Thoratec Corp

Additional stocks may be posted in the Live Trading Room in the morning. The room opens at the opening bell. There is no pre-market analysis or chat, because pre-market data has no effect on how or what I will trade. There are typically no trades within the first 15 minutes of the market session. Request your free invitation to the trading room here.

Dave Mecklenburg is Publisher of TigerSharkTrading.com.