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

BLMN Bloomin' Brands Inc
CDNS Cadence Design Systems
CRM Salesforce Inc
DXC DXC Technology Company
EA Electronic Arts, Inc.
JEF Jefferies Financial Group
LYV Live Nation Entertainment, Inc
MS Morgan Stanley
NNOX NANO-X Imaging Ltd
TPX Tempur Sealy Intl Inc
VVV Valvoline Inc
ZBH Zimmer Biomet Hldgs 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

HUM Humana Inc
KDP Keurig Dr Pepper Inc
STNG Scorpio Tankers Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.