On Tuesday December 2, 2008 we had three Around the Horn premium trades, seven Stocks to Watch and three Extra Innings on our radar. Of these, two were profitable and the others were no-shows.

CDN Imperial Bank of Commerce (CM) was a Switch Hitter Stocks to Watch short for Tuesday’s trading. CM had several entry opportunities off of pivot levels and again down from a consolidation. No matter what entry taken, the exit was toward end of day on the bounce off of lows and break up from short consolidation.

CDN Imperial Bank of Commerce (CM), 5-Minute Chart


Humana Inc (HUM) was a Switch Hitter Stocks to Watch short for Tuesday’s trading. HUM had several entry opportunities off of pivot levels. As with CM, no matter what entry taken, the exit was toward end of day on the bounce off of lows and break up from short consolidation.

Humana Inc (HUM), 5-Minute Chart


Extra Innings and Opportunities for Wednesday, December 3, 2008:

I will look for more opportunities tomorrow.

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