Friday, November 7, 2008 we had three Around the Horn subscription trades, five Stocks to Watch and three Extra Innings on our watch list. One of these had profit opportunity, two went to our stop loss and the rest were no-shows.

Belden Inc (BDC) was a Fast Ball short for Friday’s Around the Horn premium trade list. BDC triggered our entry in the morning, only to stop us out at the stop loss within a half hour. Exit was at this stop loss level.

Belden Inc, 5-Minute Chart


Phillips Van Heusen Corp (PVH) was a Fast Ball short for Friday’s Around the Horn premium trade list. PVH triggered our entry close to mid-session, only to stop us out at the stop loss end of day. Exit was at this stop loss level.

Phillips Van Heusen Corp, 5-Minute Chart


Overseas Shipholding Group Inc (OSG) was an Extra Inning short for Friday’s trade list. OSG had an entry opportunity an hour or so into the session when it traded above the Central pivot then crossed back down. Exit was a little later at the reversal of the large downtrend.


Overseas Shipholding Group Inc, 5-Minute Chart


Extra Innings and Opportunities for Monday, November 10, 2008:

I will be watching for more setup opportunities for Tuesday.

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