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

AER Aercap Hldg NV
AN AutoNation Inc
AYX Alteryx Inc
CHX ChampionX Corp
FERG Ferguson PLC
FLNC Fluence Energy Inc
FLR Fluor Corp
FTI TechnipFMC plc
HMC Honda Motor ADR
LVS Las Vegas Sands Corp
NRDS NerdWallet Inc
STLD Steel Dynamics
UAL United Airlines Hldgs Inc
VALE VALE S.A.

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

EXEL Exelixis Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.