Leading Pullback Setups For January 16 |
By Pullback Trader |
Published
01/12/2024
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Stocks
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Unrated
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Leading Pullback Setups For January 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
AA Alcoa Corp ABBV AbbVie Inc ABNB Airbnb Inc ALLY Ally Finl Inc AXP American Express Co BBWI Bath & Body Works Inc BBY Best Buy BEN Franklin Res Inc BX Blackstone Inc CFG Citizens Finl Grp Inc CMA Comerica Inc CPB Campbell Soup CTLT Catalent Inc CVS CVS Health Corp DAL Delta Airlines Inc DHR Danaher Corp DXCM DexCom Inc ENPH Enphase Energy Inc EW Edwards Lifesciences Corp FITB Fifth Third Bancorp GM General Motors Co GPN Global Payments Inc GPS Gap Inc HPQ HP Inc INTC Intel Corp KMX CarMax, Inc MGM MGM Resorts Intl MS Morgan Stanley NVST Envista Holdings Corp PNC PNC Finl Svcs Grp Inc RCL Royal Caribbean Cruises RL Ralph Lauren Corp. SCHW Charles Schwab Corp (The) SYF Synchrony Finl TGT Target Corp TXN Texas Instruments UPS United Parcel Service Inc USB US Bancorp WBA Walgreen Boots Alliance Inc WFC Wells Fargo & Company
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
AJG Gallagher (Arthur J.) AON Aon Plc / Ireland DIS Disney (Walt) Co GO Grocery Outlet Holding Corp MANH Manhattan Associates MMS Maximus Inc MSM MSC Industrial Direct Co Inc A MTN Vail Resorts ORCL Oracle Corp ORLY O'Reilly Automotive, Inc. PBF PBF Energy Inc Cl A SLB Schlumberger Ltd VAL Valaris Ltd
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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