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

AKRO Akero Therapeutics Inc
AU Anglogold Ashanti Ltd
AXSM Axsome Therapeutics Inc
CRCT Cricut Inc
MIRM Mirum Pharmaceuticals Inc
MKC Mccormick & Co

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

AMCX AMC Networks Inc Cl A
CRK Comstock Res Inc
CVI CVR Energy Inc
HUN Huntsman Corporation
MPC Marathon Petro Corp
PEB Pebblebrook Hotel Trust
SCHW Charles Schwab Corp
TRN Trinity Industries
TS Tenaris SA ADS

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.