Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Long-side setups

ACLS Axcelis Technologies Inc
AMAT Applied Materials
ANGO AngioDynamics
ATI Allegheny Technologies
CCL Carnival Corp
CLF Cleveland-Cliffs Inc
GPRE Green Plains Inc
ICHR Ichor Hldgs
IDCC InterDigital Inc
JBLU JetBlue Airways
KLIC Kulicke & Soffa Ind
KMI Kinder Morgan Inc
LRCX Lam Research
LUV Southwest Airlines Co
MKSI MKS Instruments
PLAB Photronics, Inc
PRAH PRA Health Sciences Inc
TXN Texas Instruments
VAR Varian Medical Systems Inc
WDC Western Digital
WSM Williams-Sonoma
X U.S. Steel Corporation

Short-side setups

MLAB Mesa Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.