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

BHP BHP Billiton Ltd ADR
BKR Baker Hughes a GE Co Cl A
CYTK Cytokinetics Inc
FRGE Forge Global Holdings Inc
LLY Eli Lilly and Co
LMT Lockheed Martin Corp
NOC Northrop Grumman
NVS Novartis Ag ADS
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

BLMN Bloomin' Brands Inc
CMI Cummins Inc
DRI Darden Restaurants Inc
IP Intl Paper
NWL Newell Brands Inc
SKYW SkyWest Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.