On Tuesday Anglogold (AU) made the anticipated close to low morning move, providing significant profit opportunity along the way. These moves are often violent and lucrative, but require traders stay alert to capture gains. Our other Around the Horn selections last night also delivered, as Dominion Resources (D) and First Energy (FE) also made the anticipated moves during the session.

On Wednesday Amerisource-Bergen (ABC) will be on my radar. The stock is trading in a Switch Hitter pullback which reversed at the confluence of the 20 period simple moving average and the 50% retracement of the recent trough to peak upside run.

Amerisource-Bergen

Carnival Corp (CCL) dropped out of its recent range on increased volume on Tuesday, and looks ready to give up some more ground.   I will be watching for a confirmation move below 49.82 to signal a sinking ship on Wednesday.

Carnival Corp.

The house of cards in the Home Builder sector (HGX.X) seems to be confirming my January suspicions, as component stock Centex (CTX) made another Fast Ball expansion of range and volume lower on Tuesday. The stock closed off its lows, but looks promising for Wednesdayââ,¬â"¢s session, particularly on a gap higher that reverses and moves back through the closing price to the downside.

Centex Corp

The slippery slope in the oils continued on Tuesday, leaving Newfield Exploration (NFX) in a classic Fast Ball consolidation break setup for Wednesday.  

Newfield Expl Co.

The same setup presented itself in Pogo Producing Co. (PPP).

Pogo Producing Co.

American deposit receipt Grupo Televisa S.A. (TV) made a run for the border on Tuesday, and seems ready to continue a Fast Ball breakdown on Wednesday. I will be watching for the stock to take out the low of Tuesdayââ,¬â"¢s range and retest 73.50 on any move lower.

Grupo Televisa S.A. ADR

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.