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

ABC AmeriSourceBergen Corp
ACGL Arch Cap Grp
AMGN Amgen Inc
AN AutoNation Inc
BMY Bristol-Myers SQUIBB
CNC Centene Corp
FHI Federated Hermes Inc
FL Foot Locker
HSY The Hershey Co
KMPR Kemper Corp.
LDOS Leidos Hldg Inc
LLY Eli Lilly and Co
M Macy's, Inc.
NOC Northrop Grumman
PGR The Progressive Corp
POST Post Hldg Inc
RNR RenaissanceRe Hldg
TSCO Tractor Supply
VSCO Victoria's Secret & Co
WRB W R Berkley Corp

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

CVX Chevron Corporation
NOV NOV Inc
NVST Envista Holdings Corp
PXD Pioneer Natural Resources
RGEN Repligen Corp
SIVB SVB Finl Grpst

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.