Leading Pullback Setups For May 6 |
By Pullback Trader |
Published
05/3/2024
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Stocks
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Unrated
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Leading Pullback Setups For May 6
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 ADP Automatic Data Proc AXP American Express Co BJ BJ's Wholesale Club Holdings CASY Casey's Genl Stores CB The Chubb Corp CI The Cigna Group COP ConocoPhillips COR Cencora Inc CPB Campbell Soup DD DuPont de Nemours Inc ES Eversource Energy EXC Exelon Corp FRT Federal Rlty Inv Tr Sbi GIS Genl Mills HRL Hormel Foods Corp IRDM Iridium Communications Inc IRM Iron Mountain Inc REIT JPM JPMorgan Chase & Co KRG Kite Realty Grp Trust LLY Eli Lilly and Co MO Altria Grp MRK Merck & Co NOC Northrop Grumman OXY Occidental Petro Corp SCI Service Corporation Intl TMUS T-Mobile US Inc TRGP Targa Resources Corp TRMB Trimble Navigation Ltd YUM Yum! Brands Inc
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
ABBV AbbVie Inc ACN Accenture PLC (Ireland) NEW ADBE Adobe Inc AMD Advanced Micro Devices Inc BA Boeing Co BBY Best Buy BEN Franklin Res Inc CELH Celsius Hldg Inc CMCSA Comcast Cl A DIS Disney (Walt) Co DXCM DexCom Inc FBIN Fortune Brands Innovations Inc GEHC GE Healthcare Technologies GPS Gap Inc HD Home Depot Inc IBM Intl Business Machines Corp IP Intl Paper JCI Johnson Controls Intl Plc KD Kyndryl Holdings Inc LW Lamb Weston Hldgs Inc MDT Medtronic plc META Meta Platforms Inc MNST Monster Beverage Corporation MSFT Microsoft Corp MTCH Match Group Inc MTDR Matador Resources Co NFLX Netflix Inc NOW ServiceNow Inc SYY Sysco Corp WMT Walmart Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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