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
GS Goldman Sachs Grp
MPC Marathon Petro Corp
MRO Marathon Oil Corp
OXY Occidental Petro Corp
PBF PBF Energy Inc Cl A
PSX Phillips 66
VLO Valero Energy
XOM Exxon Mobil

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
EXC Exelon Corp
TW Tradeweb Mkts Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.