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

ET Energy Transfer L.P.
GIL Gildan Activewear Inc
LNW Light & Wonder Inc
PAA Plains All American Pipeline
WES Western Midstream Partners LP

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

IVZ Invesco Ltd
JCI Johnson Controls Intl Plc
LEG Leggett & Platt
PSA Pub Storage

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.