Leading Pullback Setups For May 16 |
By Pullback Trader |
Published
05/15/2023
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Stocks
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Unrated
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Leading Pullback Setups For May 16
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
ACGL Arch Cap Grp ALL Allstate Corp AWK American Water Works Co Inc CB The Chubb Corp DTE DTE Energy DXCM DexCom Inc EHC Encompass Health Corp EIX Edison Intl EQR Equity Residential EVRG Evergy Inc FAST Fastenal Co GMED Globus Medical Inc GPC Genuine Parts HSY The Hershey Co HUM Humana Inc JBHT Hunt(J.B.)Transport JNJ Johnson & Johnson KHC The Kraft Heinz Company KNX Knight-Swift Trasportation Hld LII Lennox Intl Inc LOW Lowe's Cos, Inc MDLZ Mondelez Int'l Inc Cl A MRK Merck & Co NFLX Netflix Inc NI Nisource Inc PEG Pub Svc Enterprises Gr Incorp PNW Pinnacle West Cap Corp PPL PPL Corp RSG Repub Svcs Inc SHW Sherwin-Williams SJM Smucker (J.M.) SO Southern Co Inc SWAV SchockWave Medical Inc TMHC Taylor Morrison Home Corp TTWO Take-Two Interactive Software UHS Universal Health Svcs VVV Valvoline Inc WM Waste Mgt Inc WMT Walmart Inc WST West Pharmaceutical Svcs
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 ADM Archer-Daniels-Midland AR Antero Resources Corp BAC Bank of America Corporation BBWI Bath & Body Works Inc CF CF Industries Hldgs Inc COF Cap One Finl COLB Columbia Banking System Inc CPRI Capri Holdings Ltd CSCO Cisco Systems CVX Chevron Corporation DFS Discover Finl Svcs DINO HF Sinclair Corp EMR Emerson Electric Co ETSY Etsy Inc FCX Freeport-McMoRan Inc FITB Fifth Third Bancorp FOXA Twenty-First Century Fox Inc A G GENPACT LIMITED HAL Halliburton Co IBM Intl Business Machines Corp INTC Intel Corp JNPR Juniper Networks LSCC Lattice Semiconductor MCHP Microchip Tech MOS The Mosaic Co (New) NEM Newmont Corp OXY Occidental Petro Corp PBF PBF Energy Inc Cl A SCHW Charles Schwab Corp SYF Synchrony Finl TFC Truist Financial Corp TMUS T-Mobile US Inc TSN Tyson Foods 'A' TXN Texas Instruments USB US Bancorp VLO Valero Energy WFC Wells Fargo & Company WOLF Wolfspeed Inc ZION Zions Bancorp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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