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

AA Alcoa Corp
APLE Apple Hospitality REIT Inc
CMRE Costamare Inc
GSL Global Ship Lease Inc
HST Host Hotels & Resorts Inc
OMC Omnicom Grp Inc
OUT Outfront Media Inc
PSTG Pure Storage Inc Cl A
RMBS Rambus Inc
TRN Trinity Industries
UNVR Univar Solutions Inc

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

LH Laboratory Corp Amer Hldgs
TGT Target Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.