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

AMR Alpha Metallurgical Resources
INSW Intl Seaways Inc
PTEN Patterson-UTI Energy
STNG Scorpio Tankers Inc

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

ARE Alexandria R.E. Equities
ARWR Arrowhead Pharma Inc
AVXL Anavex Life Scieces Corp
BLDR Builders FirstSource Inc
IOVA Iovance Biotherapeutics Inc
MRNA Moderna Inc
PMVP PMV Pharmaceuticals Inc
VNDA Vanda Pharmaceutical
WMS Advanced Drainage Systems Inc
ZNTL Zentalis Pharmaceuticals Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.