We saw another grinding day where none of the trades could make it to a substantial target. RDC made a nice move up to the R1 pivot, but there wasn't a good enough stop to take that trade. RDC put in a tight stop for a move higher through the R1 pivot, but that trade was stopped out.

RDC LONG 32.93 32.74 $(0.19)
CHMT SHORT 20.72 20.72 $-
FRAN SHORT 26.78 26.67 $0.11 Exit end of day.
IR SHORT 52.59 52.46 $0.13 Trail hit.
ROSE SHORT 41.90 41.78 $0.12 Trail hit.
SM SHORT 59.24 59.24 $-

Total of $0.17 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $170 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

FB Facebook Inc
HOS Hornbeck Offshore Services
OCR Omnicare, Inc
QCOR Questcor Pharmaceuticals Inc
VMC Vulcan Materials
YELP Yelp Inc

Bearish Short-Side Setups

FNF Fidelity National Financial
IPI Intrepid Potash Inc

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.