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

ALSN Allison Transmission Hldg
CHX ChampionX Corp
COP ConocoPhillips
CVI CVR Energy Inc
DINO HF Sinclair Corp
EOG EOG Resources
GS Goldman Sachs Grp
MET Metlife Inc
MPC Marathon Petro Corp
MRO Marathon Oil Corp
MUR Murphy Oil Corp
OXY Occidental Petro Corp
PAA Plains All American Pipeline
PBF PBF Energy Inc Cl A
PSX Phillips 66
TMUS T-Mobile US Inc
UMPQ Umpqua Hldg

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

NONE

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.