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

AKAM Akamai Technologies
KNX Knight-Swift Trasportation Hld
PBF PBF Energy Inc Cl A

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

IEP Icahn Enterprises LP

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.