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

AIG Amer Intl Grp
HES Hess Corporation
HSBC HSBC Hldg PLC
MANU Manchester United plc
MCK McKesson 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

CVBF CVB Finl
CVNA Carvana Co Cl A
HOPE Hope Bancorp Inc
LNTH Lantheus Hldgs Inc
TNDM Tandem Diabetes Care Inc
ZIM Zim Integrated Shipping S

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.