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

AAWW Atlas Air Worldwide Hldg
BBIO BridgeBio Pharma Inc
CFG Citizens Finl Grp Inc
CWAN Clearwater Analytics Holdings
EHC Encompass Health Corp
OZK Bank OZK
SEM Select Medical Hldgs Corp
SILK Silk Road Medical Inc
TMUS T-Mobile US Inc
TRV The Travelers Companies Inc
UHS Universal Health Svcs
WBS Webster Financial 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

ABCM Abcam plc
CEIX Consol Mining Corp
HP Helmerich & Payne

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.