Wednesday, October 15, we had three Around the Horn subscription trades, one Extra Inning and four Stocks to Watch on our radar. Of these, five had profit opportunities.

Autoliv Inc (ALV) was a Switch Hitter short for Wednesday’s Around the Horn subscription trade list. Entry was early in the session, with an exit at the profit target toward end of day.

Autoliv Inc (ALV), 5-Minute Chart


Textron Inc (TXT) was a Switch Hitter short for Wednesday’s Around the Horn subscription trade list. Entry was off the open and TXT stalled out at the S1 pivot level in a consolidation. Exit was at the profit target on a leg down into a new consolidation.

Textron Inc (TXT), 5-Minute Chart


Franklin Res Inc (BEN) was a Switch Hitter short for Wednesday’s Stocks to Watch trade list. An entry opportunity was possible on a breakdown of support. Exit was either at the R1 pivot or points below.

Franklin Res Inc (BEN), 5-Minute Chart


Rockwood Holdings Inc (ROC) was a Switch Hitter short for Wednesday’s Stocks to Watch trade list. An entry opportunity was possible on the open. Exit was either at the R1 pivot or points below, with an additional entry opportunity later in the day.

Rockwood Holdings Inc (ROC), 5-Minute Chart


Supervalu Inc (SVU) was a short for Wednesday’s Extra Innings trade list. An entry opportunity was possible off the open on a trade down to the R1 pivot, with an exit at this level.

Supervalu Inc (SVU), 5-Minute Chart


Extra Innings and Opportunities for Thursday, October 16, 2008:

Autoliv Inc (ALV), 30-Minute Chart


Rockwood Holdings Inc (ROC), 30-Minute Chart


Rogers Communications Inc (RCI), 30-Minute Chart


P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it for one week for $5.  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.