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

PFE Pfizer Inc
VALE VALE S.A.

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

IP Intl Paper
IPG Interpub Grp Cos
LKQ LKQ Corp
MS Morgan Stanley
MTG MGIC Inv
PCAR PACCAR Inc
ROST Ross Stores
SKX Skechers U.S.A. Cl'A'
SRC Spirit Realty Cap Inc
SYF Synchrony Finl
TROX Tronox Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.