Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Leading Pullback Setups For January 12
http://www.tigersharktrading.com/articles/46302/1/Leading-Pullback-Setups-For-January-12/Page1.html
By Pullback Trader
Published on 01/11/2024
 

Which trending stocks are forming orderly pullbacks?


Leading Pullback Setups For January 12

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
AEP Amer Electric Pwr
AIG Amer Intl Grp
ALLY Ally Finl Inc
AMD Advanced Micro Devices Inc
BAC Bank of America Corporation
BBWI Bath & Body Works Inc
BEN Franklin Res Inc
BX Blackstone Inc
CNP Centerpoint Energy
CPB Campbell Soup
D Dominion Energy Inc
DD DuPont de Nemours Inc
DUK Duke Energy Corporation
EBAY eBay Inc
ENPH Enphase Energy Inc
FCX Freeport-McMoRan Inc
GM General Motors Co
GPS Gap Inc
HPQ HP Inc
JPM JPMorgan Chase & Co
K Kellanova
KIM Kimco Realty Corp
MDLZ Mondelez Int'l Inc Cl A
MRNA Moderna Inc
MS Morgan Stanley
MTCH Match Group Inc
NEE NextEra Energy Inc
NRG NRG Energy Inc
OKE Oneok Inc
OTIS Otis WorldWide Corp W
PLD Prologis Inc
PPL PPL Corp
SCHW Charles Schwab Corp (The)
TXN Texas Instruments
USB US Bancorp
VICI Vici Pptys Inc
VNO Vornado Realty Trust
VZ Verizon Communications
WBA Walgreen Boots Alliance 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

ACGL Arch Cap Grp
AJG Gallagher (Arthur J.)
ARW Arrow Electronics
ASGN On Assignment Inc
DLB Dolby Laboratories Inc
EG Everest Group Ltd
FDX FedEx Corp
GEF Greif Inc
LNW Light & Wonder Inc
MMC Marsh & McLennan Companies Inc
MMS Maximus Inc
MSM MSC Industrial Direct Co Inc A
NKE Nike Inc Cl B
OHI Omega Healthcare Investors Inc
OLLI Ollies Bargain Outlet Hldgs
ORCL Oracle Corp
ORLY O'Reilly Automotive, Inc.
RNR RenaissanceRe Hldg
SIGI Selective Insurance Gr
VRSN Verisign Inc
VSH Vishay Intertech

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.