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

AMGN Amgen Inc
BKR Baker Hughes a GE Co Cl A
CNQ Canadian Natural Resources
COP ConocoPhillips
CTRA Coterra Energy Inc
CTVA Corteva Inc W*
CVE Cenovus Energy Inc
CVX Chevron Corporation
EOG EOG Resources
EPD Enterprise Products Partners
ET Energy Transfer L.P.
FHN First Horizon National Corp
HAL Halliburton Co
MGY Magnolia Oil & Gas
MPC Marathon Petro Corp
NOV NOV Inc
OVV Ovintiv Inc
SLB Schlumberger Ltd
SU Suncor Energy (New)
WMB Williams Companies

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

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.