Monday we had four Stocks to Watch, one Baltimore Chops and one Around the Horn subscription trade on our radar. Of these, two hit for profits and four were no-shows.

Varian Medical Systems, Inc (VAR) was a Line Drive long for Monday’s Stocks to Watch list. Entry was in the morning, consolidating in a range until just before noon when VAR started a climb higher for an hour or so before again consolidating until end of day. Exit was toward end of day on a breakdown of the consolidation.

Varian Medical Systems, Inc, 5-Minute Chart


Anglogold Limited (AU) was a Baltimore Chop long for Monday morning. Entry was on the break above the first five-minute bar with a stop set just below the low of that bar. Exit was on the breakdown of a consolidation and reversal of two closes.

Anglogold Limited, 5-Minute Chart


Trading Wrap for Friday, September 28th:

Friday we had four Stocks to Watch, one Extra Inning and three Around the Horn subscription trades on our radar. Of these, two hit for profits, one hit twice for losses and five were no-shows.

Fomento Economico Mexicano (FMX) was a Line Drive long for Friday’s Stocks to Watch list. FMX hit the entry in the morning, but only resulting in a scratch trade. Late morning there was another entry opportunity, and by using a resistance level that turned into support as an intraday stop, FMX was alive until end of day. Exit was on the breakdown of support.

Fomento Economico Mexicano, 5-Minute Chart


Crown Castle International Corp (CCI) was a Sinker short setup for Friday’s Around the Horn subscription trade list. CCI hit the entry late in the day, bringing modest profits but without time to move significantly. Exit was end of day.

Crown Castle International Corp, 5-Minute Chart


Chicago Bridge & Iron Co (CBI) a Fastball long setup for Friday’s Around the Horn subscription trade list. CBI was a real devil on Friday, hitting our entry twice only to take us to the stop loss each time.

Chicago Bridge & Iron Co, 5-Minute Chart


Extra Innings and Opportunities for Tuesday, October 2, 2007:

Renaissance RE Holdings, 30-Minute Chart


Omnicare Inc, 60-Minute Chart


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.