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

IMAX Imax Corp
LPI Laredo Petro Inc
MRK Merck & Co
VLRS Controladora Vuela Compa de Av

Short-side setups

GSAH GS Acquisition H
JWN Nordstrom Inc
MNDT Mandiant Inc
MP MP Materials Corp
OHI Omega Healthcare Investors Inc
PRLB Proto Labs Inc
RKT Rockets Cos Inc
SBRA Sabra Healthcare REIT, Inc.
SPOT Spotify Technology SA
STOR STORE Cap Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.