Today was a lot of work for nothing. Thirteen trades for a loss of four cents per share. The overall market looks like a good trending day, but our stocks are still grinding. Nothing for us to get worried about. I've been preparing the Live Trading Room for the next sideways grind.

Always remember that your gains will not be evenly distributed over the year, and that you need to survive the sideways market conditions for the next meal of trending stocks. The stock market will grind sideways two or three months out of the year, and your big trading gains will come from two or three months out of the year. And no, I cannot predict which months of the year that will be.

ADI LONG 45.64 45.72 $0.08 Exit end of day.
ALK LONG 67.57 67.33 $(0.24)
DK LONG 38.75 39.27 $0.52
HD LONG 74.89 74.89 $-
HD LONG 74.87 75.02 $0.15 Exit end of day.
LOW LONG 40.42 40.28 $(0.14) Exit end of day.
ABT SHORT 35.78 36.05 $(0.27)
DTE SHORT 71.84 71.95 $(0.11)
DUK SHORT 73.31 73.31 $-
ED SHORT 62.99 62.99 $-
ETR SHORT 68.96 69.08 $(0.12)
ETR SHORT 68.96 68.69 $0.27 Exit end of day.
NEE SHORT 80.89 81.07 $(0.18)

Total of ($0.04) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$40 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

DLTR Dollar Tree Inc
HBI Hanesbrands Inc
HOG Harley-Davidson
JAH Jarden Corp

Bearish Short-Side Setups

ARIA Ariad Pharmaceuticals
BX The Blackstone Grp L P
TSLA Tesla Motors Inc
XEC Cimarex Energy

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.