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

CF CF Industries Hldgs Inc
FAST Fastenal Co
IDA Idacorp Inc
IP Intl Paper
IT Gartner Inc
SFM Sprouts Farmers Mkts Inc
STLD Steel Dynamics
X U.S. Steel Corporation

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

ABT Abbott Laboratories
AEP Amer Electric Pwr
APA APA Corp
BMY Bristol-Myers SQUIBB
BSX Boston Scientific Corporation
CAG Conagra Brands Inc
CL Colgate-Palmolive Co
CMCSA Comcast Cl A
CPB Campbell Soup
CRM Salesforce Inc
CSCO Cisco Systems
DG Dollar General Corporation
DUK Duke Energy Corporation
DXCM DexCom Inc
ES Eversource Energy
ETSY Etsy Inc
EW Edwards Lifesciences Corp
FTNT Fortinet Inc
IPG Interpub Grp Cos
K Kellanova
KDP Keurig Dr Pepper Inc
KO Coca-Cola Co
LUV Southwest Airlines Co
MCD McDonald's Corp
MDLZ Mondelez Int'l Inc Cl A
MKC Mccormick & Co
MMM 3M Co
MNST Monster Beverage Corporation
NI Nisource Inc
PEP Pepsico Inc
PG Procter & Gamble Co
PLD Prologis Inc
PM Philip Morris Intl Inc
PPL PPL Corp
ROL Rollins Inc
SBUX Starbucks Corp
SO Southern Co Inc
VICI Vici Pptys Inc
WFC Wells Fargo & Company
WOLF Wolfspeed Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.