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

ABT Abbott Laboratories
BDX Becton, Dickinson
BLMN Bloomin' Brands Inc
CDNS Cadence Design Systems
CRM Salesforce Inc
CWH Camping World Holdings Inc
EFC Ellington Finl LLC
GT Goodyear Tire & Rub
JEF Jefferies Financial Group
LOW Lowe's Cos, Inc
MDT Medtronic plc
MGM MGM Resorts Intl
MS Morgan Stanley
PEG Pub Svc Enterprises Gr Incorp
QSR Restaurant Brands Intl Inc
STAG Stag Industrial Inc
VVV Valvoline 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

BJ BJ's Wholesale Club Holdings
HUM Humana Inc
STNG Scorpio Tankers Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.