Thursday, October 23, we had two Extra Innings and four Stocks to Watch on our radar. Of these, five had profit opportunities.

Anixter Intl Inc (AXE) was a Backdoor Slider short for Thursday’s Stocks to Watch trade list. An entry opportunity was possible off the open at the Central pivot and again at the breakdown of the S1 Pivot. Exit was on the bounce off of lows at the first sign of green on this long decline.

Anixter Intl Inc (AXE), 5-Minute Chart


Developers Diversified Realty Co (DDR) was a Fastball short for Thursday’s Stocks to Watch trade list. An entry opportunity was possible shortly after the open at the breakdown of the opening consolidation. Exit was on the bounce back through the S2 pivot.

Developers Diversified Realty Co (DDR), 5-Minute Chart


Anglogold Ashanti Ltd (AU) was a Fastball short for Thursday’s Stocks to Watch trade list. An entry opportunity was possible mid-session on a breakdown of consolidation at yesterday’s closing lows. Exit was on the quick bounce off of slowing decline.

Anglogold Ashanti LTD (AU), 5-Minute Chart


St Mary Ld & Expl Co (SM) was a short for Thursday’s Extra Innings trade list. Entry opportunities were possible most of the morning on a trade down off of the Central pivot. Exit was at or below the S1 level.

St Mary Ld & Expl Co (SM), 5 Minute Chart


Weyerhaeuser Co (WY) was a short for Thursday’s Extra Innings trade list. An entry opportunity was possible off the open with a possibility for profits early and another entry a little later off of the Central pivot, with an exit at the S1 level or below.

Weyerhaeuser Co (WY), 5-Minute Chart


Extra Innings and Opportunities for Friday, October 24, 2008:

Weyerhaeuser Co (WY), 30-Minute Chart


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