On Monday, we had six Stocks to Watch, four Around the Horn subscription trades, and three Extra Innings on our radar. Of these, two hit for profits, two hit for scratches to the downside, and nine were no-shows.

Constellation Energy Group (CEG) was a Fast Ball long setup from Monday’s Stocks to Watch list. The intraday pattern entry was after a pullback-open and a climb to the Central Pivot. Exit was end of day on a drop from the afternoon long consolidation.

Constellation Energy Group


American Standard Company (ASD) was a Double Header short from the Around the Horn subscription service. ASD hit our entry level shortly off the open and traded down to the 50% to target level, ensuring a breakeven stop, before pulling back to the .618 fib retracement level. ASD again dropped down below the 50% to target and languished below and above this level most of the afternoon. Exit could either have been at this level, or if using a breakeven stop, at end of day.

American Standard Company


Honorable Mention:

Entergy Corp (ETR) was an Extra Inning from Friday’s Nightly Wrap column. I was watching for Sinker opportunities, but these Extra Innings can go either way, and nimble traders may have caught this rocket as it took off.

Entergy Corp


Extra Innings for Tuesday, February 6, 2007:

These stocks may continue to be in play. We’ll be watching the following.

WHR


BDX


HAR


MET


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