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

AJG Gallagher (Arthur J.)
ALKS Alkermes plc
BLMN Bloomin' Brands Inc
CNK Cinemark Hldg Inc
GPK Graphic Packaging Hldg Co
LULU Lululemon Athletica Inc
MMP Magellan Midstream Partners LP
NVS Novartis Ag ADS
SFM Sprouts Farmers Mkts Inc
SRPT Sarepta Therapeutics Inc
TAK Takeda Pharmaceutical Co Ltd
UL Unilever PLC
VRTX Vertex Pharmaceuticals
XRAY Dentsply Sirona Inc

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

INFA Informatica Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.