On Tuesday, we had four Stocks to Watch and two Around the Horn subscription trades on our radar. Of these, one hit for profits, one hit for a loss, two were scratches and two were no-shows.

First Marblehead (FMD) was a Fast Ball short setup from Monday night’s Stocks to Watch column. FMD hit the entry level right off the open and shot past both the S1 and S2 pivots before finding support. Watching the 8 period simple moving average and the resistance level carefully kept the trade alive for another dive down. Exit was either at the cross of the 8 period simple moving average or slightly above former resistance. Better than 3 points made this a home run.

First Marblehead


BMC Software (BMC) was a Fast Ball short setup from Tuesday’s Around the Horn subscription service. This one barely tagged us in at the entry only to take us straight to our stop.

BMC Software


Extra Innings and Opportunities for Wednesday, February 14, 2007:

I don’t have any solid setups from the last few days, so we’ll be watching for more after tomorrow’s session.

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