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

CAR Avis Budget Grp
GPK Graphic Packaging Hldg Co
NUE Nucor Corp
PKG Packaging Corp America

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

NOMD Nomad Foods Ltd
PRGO Perrigo Co plc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.