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

GSK GlaxoSmithKline PLC ADR

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

CFFN Capitol Federal Finl Inc
DELL Dell Tech Inc
EFC Ellington Finl LLC
IPOF Social Cap Hedosophia Hldgs VI
JBI Janus International Group Inc
MFA MFA Finl Inc
OII Oceaneering Intl Inc
PMT PennyMac Mortgage Inv Trust
PZZA Papa John's Intl
RY Royal Bank of Canada
XRX Xerox Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.