Monday we had three Stocks to Watch and three Around the Horn subscription service trades on our radar. Of these, one hit for profits, one was either a scratch or a profitable trade, depending on the strategy used and four were no-shows.

We had five additional trades trigger for profits from Tom Incorvia’s stocks of interest in Sunday’s Weekly Market Outlook newsletter.

Amro Holdings ADS (ABN) was a Fastball long setup for Monday’s Stocks to Watch. ABN offered profits off a pattern entry or a scratch trade off of an entry just above Friday’s highs.

Amro Holdings


EnCana Corp (ECA) was a Line Drive long setup for Monday’s Around the Horn subscription service. ECA was gapped open above our price, but eventually traded below and then back to our entry. After entry, ECA traded diligently through the R1 and R2 pivot levels, tagging our initial profit target (and exit) before retracing back into a prior range between these two resistance levels.

EnCana Corp


Big names, specifically International Business Machines Corp (IBM), Intel Corp (INTC), Google Inc (GOOG), Alcan Inc (AL) and El Paso Corp (EP) were Tom Incorvia stocks of interest for this week from Sunday’s Weekly Market Outlook newsletter. You will have to email Tom@Traderinsight.com directly or join us in the War Room to see how he sees these trades being handled tomorrow.

If you did not receive a copy of the newsletter and would like one, simply email support@TraderInsight.com with the subject: Newsletter for April 16th or click here to register for future Weekly Market Outlook newsletters, delivered Sundays.

International Business Machines Corp


Intel Corp


Google Inc.


Alcan Inc


El Paso Corp


Extra Innings and Opportunities for Tuesday, April 17, 2007:

Tuesday we will be watching the following:

Grainger (GWW) was a Sinker (reversal) pattern on Monday’s Stocks to Watch list. It didn’t trigger today, and we will be looking for signs of weakness tomorrow.

Grainger


Amro Holdings ADS (ABN) was a Fastball long setup for Monday’s Stocks to
Watch. ABN didn’t follow through today, and we’ll be watching it tomorrow.

Amro Holdings


Anixter International (AXE) was a Sinker (reversal) pattern for Monday’s Around the Horn subscription trade list. AXE didn’t trigger today and we’ll be watching for weakness tomorrow.

Anixter International


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