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

LLY Eli Lilly and Co
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

BBWI Bath & Body Works Inc
BLMN Bloomin' Brands Inc
BWA Borg Warner
COF Cap One Finl
GS Goldman Sachs Grp
IP Intl Paper
KMT Kennametal Inc
LKQ LKQ Corp
MDU MDU Res Grp Inc
MS Morgan Stanley
MTG MGIC Inv
NWL Newell Brands Inc
SPG Simon Ppty Grp
VNT Vontier Corp
YUM Yum! Brands Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.