Tuesday, August 19, we had one Around the Horn subscription trade and two Stocks to Watch on our radar. Of these, one was a scratch and two did not hit.

Sunoco (SUN) was a Fast Ball short for Tuesday’s Around the Horn subscription trade list. SUN hit our entry first thing in the morning, trading below our stop loss then traded in to the 50% to target level. If you missed it first thing, there was another opportunity a little later in the morning. SUN reversed off of the 50% to target level and thus we exited at a breakeven stop.

Sunoco Inc (SUN), 5-Minute Chart


Extra Innings and Opportunities for Wednesday, August 20, 2008:

I will watch for opportunities tomorrow in Sunoco (SUN) and make intraday decisions based on the pivot levels and current market conditions.

Sunoco Inc (SUN), 30-Minute Chart


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