Trading wasn't going to well for us this morning. We saw a few early stop-outs, and nothing ever made it to the profit target, but ultimately the day wasn't so bad -- only 12 cents per share in the hole. That's not bad considering the weak market rolled over and closed near lows, and all but one of the trades that triggered were long-side setups.

ADSK LONG 39.49 39.20 $(0.29)
BCE LONG 47.02 47.21 $0.19 Trail hit.
CCK LONG 42.43 42.21 $(0.22)
CCK LONG 42.37 42.07 $(0.30)
IRM LONG 37.27 37.50 $0.23 Trail hit.
MAR LONG 42.75 42.49 $(0.26)
STZ LONG 49.40 49.67 $0.27 Trail hit.
THOR SHORT 36.03 35.77 $0.26 Exit end of day.

Total of ($0.12) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$120 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.

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 goes out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

AMT American Tower Corporation
BVN Comp De Minas Buenaventura ADS
BZH Beazer Homes USA
RDC Rowan Companies Plc (UK) new

Bearish Short-Side Setups

ALK Alaska Air
EXP Eagle Materials
SM SM Energy Company
TRW Trw Automotive Hldg
WCC Wesco International

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.