Around The Horn: Extra Innings For September 10 |
By Julie Peterson-Manz |
Published
09/10/2008
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Stocks
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Unrated
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Around The Horn: Extra Innings For September 10
Tuesday, September 9, we had one Around the Horn subscription trade, one Extra Inning and four Stocks to Watch on our radar. Of these, three were winners and the rest were no-shows.
FPL Group (FPL) was a Switch Hitter short for Tuesday’s Around the Horn subscription trade list. ACS hit in the morning, trading in a consolidation for most of the day before trading steadily down to our profit target and beyond. Exit was at this level.
FPL Group Inc, 5-Minute Chart
Enersys (ENS) was a Switch Hitter short for Tuesday’s Stocks to Watch trade list. ENS hit in the morning, trading lower for most of the day below both the green and yellow pivot levels through end of day.
Enersys, 5-Minute Chart
Arrow Electronics Inc (ARW) was an Extra Inning short for Tuesday’s list. ARW was nice as a pivot to pivot play, with a little extra on the end.
Arrow Electronics Inc, 5-Minute Chart
Special Mention RE: Weekly Market Outlook
Lehman Brothers Holdings Inc (LEH) was mentioned as having a downside in this coming week in this weekend’s edition of the Weekly Market Outlook and there was follow through both yesterday and today.
Lehman Brothers Holdings Inc, 30-Minute Chart
Extra Innings and Opportunities for Wednesday, September 10, 2008:
I will be watching for more opportunities tomorrow, with an eye to the home builders, as mentioned in the Weekly Market Outlook.
P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it free for a week. Click here to start receiving our best trading setups for every trading day.
Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.
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