On Friday, we had six Stocks to Watch, two Around the Horn subscription trades, two Baltimore Chops and an unbelievable 11 Extra Innings on our radar. Of these, three hit for profits, five hit for scratches to the upside, and 13 were no-shows.

Kohl’s (KSS) was a Fast Ball long setup from Friday’s Around the Horn subscription service. This took some patience and strict adherence to the trading plan, allowing KSS to drop just shy of the hard stop loss level before regaining strength and trending up. Entry was just off the open at 73.01. After the pullback to just above the stop level, KSS traded up sharply, past the 50% to target level, piercing through R1 briefly before consolidating at this level. The stop at this point is breakeven and exit is toward end of day, when it becomes clear after the third attempt that KSS will not be able to break above R1.

Kohls


Harman International (HAR) was a long from Thursday’s Nightly Wrap column. HAR hit our entry level off the open and traded just this side of R1 before pulling back to the entry level. HAR made another run at R1, this time breaking through. HAR couldn’t sustain this level. Exit was at break down through this level at the cross below the 8 period simple moving average.

Harman International


KB Home (KBH) was a long from Thursday’s Nightly Wrap column. There were two good entries for KBH; one above Thursday’s close and the central pivot and another above R1 and Thursdays high. Exit was just at or below R2 when KBH just couldn’t sustain a move above this level.

KB Home


Extra Innings for Monday, February 5, 2007:

ETR may fall off its 52-week high expansion yet; we’ll be watching for a Sinker pattern again tomorrow.

ETR


BDX is having a hard time pushing higher off of recent new all time highs. We’ll be watching for a move to either side.

BDX


HAR has been working on closing a gap for several days now, and we’ll be watching for more of the same tomorrow, as HAR may stretch up to its 20 day moving average at 99.82.

HAR


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at Julie@peterson-manz-trading.net.