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

BP BP P.L.C. ADS
CG The Carlyle Grp Inc
COP ConocoPhillips
CPRT Copart Inc
CRH CRH Plc ADS
DOW Dow Inc
DVN Devon Energy
FIS Fidelity National Information
GM General Motors Co
HST Host Hotels & Resorts Inc
MGY Magnolia Oil & Gas
MPC Marathon Petro Corp
MRO Marathon Oil Corp
NU NU Holdings Ltd/Cayman Islands
PAGS Pagseguro Digital Ltd
PR Permian Resources Corp
PSX Phillips 66
PYPL PayPal Hldgs Inc
TSM Taiwan Semiconductor Mfg ADS
VLO Valero Energy

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

NKE Nike Inc Cl B

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.