The stock market gave us a bullish trending day. Unfortately, many of our watch list stocks broke resistance at the market open or without a protective stop that presented an attractive reward-to-risk ratio.

Trading momentum stock moves on the market open is a viable trading strategy. I don't do it because it's much harder to contain my risk. The high volatility and wide bid/ask spreads on the market open decrease the targets and increase the stops. Slippage, costs, and risks must be contained to make money trading in the long run.

IP LONG 48.03 47.85 $(0.18)
LLY LONG 55.80 55.95 $0.15 Trail hit.
O LONG 53.37 53.37 $-
NSLN SHORT 34.98 34.73 $0.25 Exit end of day.
TRN SHORT 41.24 41.52 $(0.28)

Total of ($0.06) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$60 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

A Agilent Technologies
AIG Amer Intl Group
ALL Allstate Corp
AMP Ameriprise Financial Inc
ANGI Angie's List Inc
APOL Apollo Group'A'
AXP American Express Company
BK Bank Of New York
BMY Bristol-Myers SQUIBB
BPOP Popular Inc
BZH Beazer Homes USA
CE Celanese Corporation
CHKP Check Point Software Tech
COG Cabot Oil & Gas
COP ConocoPhillips
CPB Campbell Soup
CTRX Catamaran Corp
CVS CVS Caremark Corporation
DFS Discover Financial Services
DOV Dover Corp
EBAY Ebay Inc
EQT EQT Corporation
EW Edwards Lifesciences
FBHS Fortune Brands Home & Security
FMC FMC Corp
HES Hess Corporation
HON Honeywell Intl
LAZ Lazard Ltd
LYB LyondellBasell Ind N.V. 'A'
MAN ManpowerGroup
MET Metlife Inc
MJN Mead Johnson Nutrition Co
MOH Molina Healthcare
MRO Marathon Oil Corp
NKE Nike, Inc'B'
NOC Northrop Grumman
NSC Norfolk Southern
NTRS Northern Trust
PNC PNC Financial Services Group
PRU Prudential Financial
PSX Phillips 66
QCOR Questcor Pharmaceuticals Inc
RJF Raymond James Financial
SFLY Shutterfly Inc
STT State Street Corp
TJX TJX Companies
TMK Torchmark Corp
TRIP TripAdvisor Inc When-Issued
URI United Rentals Inc
USG USG Corp
VAL The Valspar Corporation
WDR Waddell & Reed Finl'A'
WMT Wal-Mart Stores

Bearish Short-Side Setups

ESRX Express Scripts Holding Co
TSLA Tesla Motors 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.