Monday, April 28, we had two Stocks to Watch, one Extra Inning and two Around the Horn subscription trades on our radar. Of these, one was profitable and four were no-shows.

SPX Corp (SPW) was a Fastball long for Monday’s Stocks to Watch trade list. SPX gapped opened and traded down to the central pivot before trading back up to yesterday’s closing level and consolidating there for most of the morning. The drop below the central pivot was the signal to watch for a reversal. One entry opportunity was at the cross back over the pivot, with a second one at the usual level above yesterday’s high.

SPX Corp (SPW), 5-Minute Chart


Extra Innings and Opportunities for Tuesday, April 29, 2008:

Praxair Inc, (PX) 30-Minute Chart


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