Tuesday, January 13, 2009, we had three Around the Horn premium trades, two Extra Innings and two Stocks to Watch trades on our radar. Of these, three had profit opportunities, one was a loss and the rest were no-shows.

American Financial Group Inc (AFG) was a Fast Ball short Around the Horn premium trade for Tuesday. AFG opened and traded higher, bumping against resistance on the Central Pivot. Mid-session AFG began trading lower and triggered our entry level. AFG then traded steadily down to the initial profit target just above the S2 level. Exit was at this level.

American Financial Group Inc(AFG), 5-Minute Chart


Bally Technologies Inc (BYI) was a Fast Ball short Around the Horn premium trade for Tuesday. This one is a small scratch, but a good example of the volatility whipping around. BYI opened and traded lower through our entry level and looked good, but volatile, trading to within 5 cents of our 50% to Profit Target level, but not signaling our moving of the stop to breakeven. BYI then traded higher and took us nearly to the stop loss level. A second entry late in the day had us out with a scratch end of day.

Bally Technologies Inc (BYI), 5-Minute Chart


ITT Educational Services Inc (ESI) was an Extra Inning short trade for Tuesday. ESI had a couple of entry opportunities in the early session, both off of the R1 pivot resistance.

ITT Educational Services Inc (ESI), 5-Minute Chart


First Energy Corp (FE) was a Switch Hitter short Stocks to Watch trade for Tuesday. FE had a nice entry opportunity an hour or so into the session, using last night’s Stocks to Watch article suggested entry price as a stop level after it developed some resistance at that level. The entry opportunity was at the failure to break above the S1 pivot, with an exit at the reversal back across the S2 pivot.

First Energy Corp (FE), 5-Minute Chart


Extra Innings and Opportunities for Wednesday, January 14, 2009:

Martin Marietta Inc (MLM), 30-Minute Chart


Wolverine World Wide Inc (WWW), 30-Minute Chart


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