Wednesday, June 18, we had three Stocks to Watch and four Around the Horn subscription trades on our radar. Of these three were profitable one was a scratch and the rest were no-shows.

Amphenol Corp (APH) was an Infield Fly short for Wednesday’s Around the Horn subscription trade list. APH hit our entry in the morning then traded to and hesitated at the S1 green pivot before continuing down to our initial profit target. Exit was at this level.

Amphenol Corp (APH), 5-Minute Chart


Excel Maritime Carriers LTD (EXM) was a short for Wednesday’s Stocks to Watch trade list. EXM opened and traded down immediately to and below the central pivot, pulling back to this level. This provides an excellent entry opportunity; with the R1 pivot the next target and the protective stop at or just above the high of the pullback. Exit was on the pullback from lows after crossing the S1 pivot.

Excel Maritime Carriers LTD, 5-Minute Chart


Scripps (SSP) was a Fast Ball short for Wednesday’s Stocks to Watch trade list. SSP opened at our entry level and traded slightly higher before trading down most of the day. Depending on the trailing stop, exit is toward end of day or at end of day.

Scripps (SSP), 5-Minute Chart


Ingersoll-Rand Co (IR) was an Extra Inning short for Wednesday’s trade list. IR opened and hesitated before trading lower, with an entry at this level and stop at high of the morning, or at the S1 pivot. Exit is at the bottoming out at the S2 pivot.

Ingersoll Rand Co (IR), 5-Minute Chart


Extra Innings and Opportunities for Thursday, June 18, 2008:

Snap On Inc (SNA), 30-Minute Chart


Amphenol Corp (APH), 30-Minute Chart


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