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

DINO HF Sinclair Corp
MCK McKesson Corp
PDCO Patterson Companies
PSX Phillips 66
REGN Regeneron Pharmaceuticals
UNP Union Pacific Corp
VLO Valero Energy

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

AAPL Apple Inc
AMD Advanced Micro Devices Inc
BAC Bank of America Corporation
BBY Best Buy
CCI Crown Castle Inc
CFG Citizens Finl Grp Inc
CTVA Corteva Inc W
D Dominion Energy Inc
DAL Delta Airlines Inc
EBAY eBay Inc
EW Edwards Lifesciences Corp
FCX Freeport-McMoRan Inc
FITB Fifth Third Bancorp
FOXA Twenty-First Century Fox Inc A
FTNT Fortinet Inc
GM General Motors Co
HPQ HP Inc
JPM JPMorgan Chase & Co
MCHP Microchip Tech
META Meta Platforms Inc
MGM MGM Resorts Intl
MO Altria Grp
MS Morgan Stanley
MSFT Microsoft Corp
NEM Newmont Corp
NFLX Netflix Inc
NKE Nike Inc Cl B
PANW Palo Alto Networks Inc
PENN PENN Entertainment, Inc
PEP Pepsico Inc
PYPL PayPal Hldgs Inc
QCOM Qualcomm Inc
SBUX Starbucks Corp
SCHW Charles Schwab Corp
TFC Truist Financial Corp
TGT Target Corp
UAL United Airlines Hldgs Inc
UPS United Parcel Service Inc
WFC Wells Fargo & Company
XEL Xcel Energy

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.