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

COP ConocoPhillips
DINO HF Sinclair Corp
DK Delek US Holdco Inc
MPC Marathon Petro Corp
PBF PBF Energy Inc Cl A
TPG TPG Partners LLC
VLO Valero Energy

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

BIDU Baidu Inc
TW Tradeweb Mkts Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.