Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For January 3
http://www.tigersharktrading.com/articles/46261/1/Leading-Pullback-Setups-For-January-3/Page1.html
By Pullback Trader
Published on 01/2/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For January 3

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

AA Alcoa Corp
ADI Analog Devices
AMAT Applied Materials
AMD Advanced Micro Devices Inc
AMZN Amazon.com Inc
AVGO Broadcom Inc
BA Boeing Co
BX Blackstone Inc
CARR Carrier Global Corp
CG The Carlyle Grp Inc
CRM Salesforce Inc
CTSH Cognizant Tech Solutions'A'
EQH Equitable Holdings Inc
EW Edwards Lifesciences Corp
EXPE Expedia Grp Inc
FAST Fastenal Co
FTNT Fortinet Inc
GE General Electric Co
GOOGL Alphabet Inc Cl A
IBM Intl Business Machines Corp
INTC Intel Corp
LOW Lowe's Cos, Inc
LUV Southwest Airlines Co
MCHP Microchip Tech
META Meta Platforms Inc
MU Micron Tech
NEM Newmont Corp
NFLX Netflix Inc
NRG NRG Energy Inc
NXPI NXP Semiconductors N.V.
ON ON Semiconductor Corp
PANW Palo Alto Networks Inc
QCOM Qualcomm Inc
RCL Royal Caribbean Cruises
TSLA Tesla Inc
UAL United Airlines Hldgs Inc
UBER Uber Technologies Inc
V Visa Inc
VST Vistra Corp
WDC Western Digital

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

ACGL Arch Cap Grp
ADM Archer-Daniels-Midland
AEE Ameren Corp
AJG Gallagher (Arthur J.)
CNX Consol Energy Inc
DTM DT Midstream Inc
EG Everest Group Ltd
EXC Exelon Corp
HUM Humana Inc
LNTH Lantheus Hldgs Inc
MMC Marsh & McLennan Companies Inc
NFG Natl Fuel Gas
NOC Northrop Grumman
PBF PBF Energy Inc Cl A
PDCO Patterson Companies
PEG Pub Svc Enterprises Gr Incorp
PG Procter & Gamble Co
PNW Pinnacle West Cap Corp
PXD Pioneer Natural Resources
RNR RenaissanceRe Hldg
SIGI Selective Insurance Gr
UTHR United Therapeutics
XOM Exxon Mobil

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.