After one of the fastest rebounds we’ve seen in quite some time, the market finally appears to be taking a breath. Now comes the test:
Which stocks give back gains immediately… and which ones hold trend during a pullback?
Pullbacks during bull markets are normal — and useful. They help reveal which stocks institutions continue supporting.
One thing worth watching during pauses like this: Which stocks stay closest to recent highs?
The bullish names below come from the active Next Wave Daily list and include volatility stop levels designed to help define when a trend may be changing.
The bearish names come from the “In Cash” list — stocks showing notable relative weakness during the rally and worth watching for experienced traders able to sell short or use bearish options strategies.
Bull trends to watch during pullback
GNRC continues acting like a leader after reclaiming long-term trend and pushing to new recovery highs. The recent move has become extended short term, but pullbacks have remained orderly so far. A pause that holds near the rising 20-day average would suggest buyers are still stepping in while the 200-day continues supporting the broader trend.
ROBO continues moving with the speed of a strong tech stock and the smoothness of an ETF. After reclaiming long-term trend in April, the advance has remained steady with relatively shallow pullbacks. The next test is whether shares can consolidate near the rising 20-day average without giving back much ground while the 200-day trend continues higher.
ICLN has quietly improved after spending much of the past few years frustrating investors. Unlike some of the more parabolic names in the market, this move has developed in a steadier stair-step pattern with relatively shallow pullbacks along the way. ICLN recently cleared prior resistance and continues holding well above a rising 20-day average while the 200-day trend improves underneath. A normal pause near the 20-day average would suggest buyers are still supporting the trend.
Not every stock benefited from the rebound. These two names barely participated and may face more pressure if markets soften further.
CVNA continues struggling to regain momentum after one of the market’s more dramatic recovery runs. While the broader market staged a sharp rebound, the stock has spent recent weeks moving sideways and failing to reclaim prior highs. That kind of relative weakness often becomes more noticeable when markets pause. A move back above recent resistance near the 20-day average would improve the picture, but continued rejection there could leave the stock vulnerable to further downside.
ADBE continues lagging despite a market environment that has rewarded many technology names. Concerns around AI disruption to creative workflows and slower growth expectations have kept pressure on the stock, even during the recent rally. Technically, Adobe remains below a declining 200-day average and has struggled to build sustained momentum after its recent bounce. A failure to reclaim nearby resistance would keep the longer-term trend under pressure.
— Andrew Falde
Edge Navigator
Most market days are ordinary.
But every so often, one stock, one trend, or one decision to stay out can matter far more than the rest.
That’s why we keep showing up each day.