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

AXP American Express Co
CNQ Canadian Natural Resources
FANG Diamondback Energy Inc
GT Goodyear Tire & Rub
HLT Hilton Worldwide Hldg Inc
KKR KKR & Co Inc
KMI Kinder Morgan Inc
MAC Macerich Co
MAT Mattel, Inc
MIC Macquarie Infra Co Corp
RRC Range Resources
SM SM Energy Co
SQ Square Inc
SWKS Skyworks Solutions
TWTR Twitter Inc
UA Under Armour Inc Cl C
UAA Under Armour Inc Cl A
VALE VALE S.A.
WMB Williams Companies
XOM Exxon Mobil

Short-side setups

ARRY Array Tech Inc
EIX Edison Intl
TVTX Travere Therapeutics Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.