Leading Pullback Setups For August 16 |
By Pullback Trader |
Published
08/15/2023
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Stocks
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Unrated
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Leading Pullback Setups For August 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
ADM Archer-Daniels-Midland AIG Amer Intl Grp APA APA Corp BA Boeing Co BKR Baker Hughes a GE Co Cl A BRK.B Berkshire Hathaway'B' CAT Caterpillar Inc CMA Comerica Inc COP ConocoPhillips CVS CVS Health Corp DINO HF Sinclair Corp DOW Dow Inc EQT EQT Corp HAL Halliburton Co HWM Howmet Aerospace Inc IP Intl Paper JPM JPMorgan Chase & Co KR Kroger Co KSS Kohl's Corp MAR Marriott Int'l Cl A MET Metlife Inc MOS The Mosaic Co (New) MPC Marathon Petro Corp MRO Marathon Oil Corp OKE Oneok Inc OXY Occidental Petro Corp PBF PBF Energy Inc Cl A PG Procter & Gamble Co SCHW Charles Schwab Corp (The) SLB Schlumberger Ltd STX Seagate Technology Holdings PL TJX TJX Companies TSN Tyson Foods 'A' UNP Union Pacific Corp USB US Bancorp VLO Valero Energy VNO Vornado Realty Trust WDC Western Digital WMT Walmart Inc ZION Zions Bancorp
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
BMY Bristol-Myers SQUIBB BSX Boston Scientific Corporation DRI Darden Restaurants Inc ENS Enersys EPR EPR Properties GNRC Generac Hldg Inc ISRG Intuitive Surgical LITE Lumentum Hldgs Inc PEN Penumbra Inc PGNY Progyny Inc RMD Resmed Inc SNPS Synopsys Inc TDC Teradata Corp VC Visteon Corp VSH Vishay Intertech VVV Valvoline Inc WING Wingstop Inc ZBRA Zebra Technologies'A'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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