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

AU Anglogold Ashanti Ltd
BUD Anheuser-Busch InBev SA/NV
HSY The Hershey Co
KHC The Kraft Heinz Company
MRK Merck & Co
NVS Novartis Ag ADS
RVNC Revance Therapeutics Inc
TSCO Tractor Supply

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

BFH Bread Financial Holdings Inc
CALX Calix Inc
CUBI Customers Bancorp Inc
MTSI MACOM Tech Solutions
MXL MaxLinear Inc
OMI Owens & Minor Inc
PSTG Pure Storage Inc Cl A
TTMI TTM Technologies
WAL Western Alliance Bancorp
WBS Webster Financial Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.