Tuesday, June 3, we had two Stocks to Watch, one Extra Inning and three Around the Horn subscription trades on our radar. Of these three were profitable and the rest were no shows.

Embraer-Empresa Brasileira (ERJ) was a Fastball short for Tuesday’s Around the Horn subscription trade list. ERJ hit the entry and pulled back some but well below the stop level. Over the course of the day, ERJ traded down to the initial profit target. Exit was at this level.

Embraer-Empresa Brasileira (ERJ), 5-Minute Chart


Sunoco Inc (SUN) was a Fastball long for Tuesday’s Around the Horn subscription trade list. SUN hit the entry in the morning and scratched out, not having gone 10 cents in our favor before 10 cents against our trade. Later in the morning SUN hit our entry again and this time eventually hit our profit target.

Sunoco Inc (SUN), 5-Minute Chart


Rohm & Haas Co (ROH) was an Extra Inning for Tuesday. It took some patience, but later in the day there was a profit opportunity on an entry below the S2 pivot with a stop at the high of the prior consolidation. Exit on a break up from lows.

Rohm & Haas Co (ROH), 5-Minute Chart


Extra Innings and Opportunities for Wednesday, June 4, 2008:

Sunoco Inc (SUN), 30-Minute Chart


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