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

CLDX Celldex Therapeutics Inc
PFLT PennantPark Floating Rate Cap
SNX TD SYNNEX Corp

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

AA Alcoa Corp
APTV Aptiv PLC
ARR ARMOUR Residential REIT
BP BP P.L.C. ADS
DVN Devon Energy
HP Helmerich & Payne
IPG Interpub Grp Cos
MGY Magnolia Oil & Gas
SE Sea Ltd
ST Sensata Technologies Hldg N.V.
VFC VF Corp
XOM Exxon Mobil

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.