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

CVNA Carvana Co Cl A
MUR Murphy Oil Corp
SFM Sprouts Farmers Mkts 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

AXTA Axalta Coating Systems Ltd
DRI Darden Restaurants Inc
EAT Brinker Intl Inc
KDP Keurig Dr Pepper Inc
LEN Lennar Corp A
LW Lamb Weston Hldgs Inc
NRDS NerdWallet Inc
PDI PIMCO Dynamic Income Fd
RIO Rio Tinto plc ADS
VALE VALE S.A.

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.