Around The Horn: Extra Innings For June 3 |
By Julie Peterson-Manz |
Published
06/3/2008
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Stocks
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Unrated
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Around The Horn: Extra Innings For June 3
Monday, June 2, we had two Stocks to Watch, two Extra Innings and three Around the Horn subscription trades on our radar. Of these three were profitable, one had several small scratch trades and the rest were no shows.
Copa Holdings (CPA) was a Switch Hitter short for Monday’s Stocks to Watch trade list. There were at least two entry opportunities, one off the break down through the Central Pivot and one below yesterday’s lows. Exit was either at the S1 pivot or for wider stops at the S2 (yellow) pivot.
COPA Holdings (CPA), 5-Minute Chart
Moodys Corp (MCO) was a 3-2 Pitch short for Monday’s Around the Horn subscription trade list. MCO hit the entry and traded lower, hesitating on the S2 pivot before trading down the initial profit target. Exit was at this level.
Moodys Corp (MCO), 5-Minute Chart
St Mary LD (SM) was a Fastball long for Monday’s Around the Horn subscription trade list. SM hit the entry in the morning and traded to the 50% to target level before trading back down through the entry. We scratch the trade in this event but look for second entry. It was not long after (and more clear on a 25 tick chart) and SM was off to the initial profit target. Exit was at this level, with any remaining shares open until resistance at the R2 pivot.
St Mary LD (SM), 5-Minute Chart
Rohm & Haas Co (ROH) was a Switch Hitter short for Monday’s Around the Horn subscription trade list. This one amounted to several small scratches, including end of day.
Rohm & Haas Co (ROH), 5-Minute Chart
Extra Innings and Opportunities for Monday, June 3, 2008:
Rohm & Haas Co (ROH), 30-Minute Chart
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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.
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