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

APA APA Corp
DVN Devon Energy
EOG EOG Resources
HES Hess Corporation
PXD Pioneer Natural Resources

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

C Citigrp Inc
CL Colgate-Palmolive Co
FDX FedEx Corp
INCY Incyte Corp
QDEL Quidel Corp
SMG Scotts Miracle-Gro Co
USB US Bancorp
UTHR United Therapeutics
VVV Valvoline Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.