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

ABCL AbCellera Biologics Inc
DK Delek US Holdco Inc
PBF PBF Energy Inc Cl A

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

BPMC Blueprint Meds Corp
CHD Church & Dwight
FIS Fidelity National Information
HLF Herbalife Ltd
IAC IAC Inc.
LYV Live Nation Entertainment, Inc
PTON Peloton Interactive Inc
SHAK Shake Shack Inc
TW Tradeweb Mkts Inc
VSTO Vista Outdoor Inc
YETI YETI Holdings Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.