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

CM Canadian Imperial Bank of Comm
JBHT Hunt(J.B.)Transport
RS Reliance Steel & Aluminum

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

Short-side setups

CCI Crown Castle Intl Corp (REIT)
COUR Coursera Inc
LUV Southwest Airlines Co
LW Lamb Weston Hldgs Inc
NCLH Norwegian Cruise Line Hldg
PSTH Pershing Square Tontine H
VLRS Controladora Vuela Compa de Av

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.