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

BAC Bank of America Corporation
BK Bank of New York Mellon Corp
CBRL Cracker Barrel Old Country St
CCL Carnival Corp
FTV Fortive Corp
HRB Block (H&R)
MGM MGM Resorts Intl
MU Micron Tech
OC Owens Corning
PVH PVH Corp.
SNA Snap-On Inc
USB US Bancorp
WBA Walgreen Boots Alliance Inc
WHR Whirlpool Corp
WSM Williams-Sonoma

Short-side setups

EGRX Eagle Pharma Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.