Mondayââ,¬â"¢s lack of economic news left the market and our account flat on the day. Nothing on last nightââ,¬â"¢s Around the Horn: Stocks to Watch triggered an entry, nor did any of the intraday trading plan setups. I have often said that the one of the most important skills a trader can learn is knowing when to use his/her hands as a seat cushion. Monday proved the rule.
On Tuesday, I will keep an eye on Getty Images (GYI). The stock was off 3 percent on double volume on Monday. The Fast Ball setup appears to have further downside room to support around 78.15.
Getty Images, Inc.

On Friday, CarMax (KMX) raised its fourth-quarter earnings estimates to a range of 37 cents to 39 cents per share, up from its previous estimate of 25 cents to 31 cents per share. On Monday, the stock was rewarded with a heavy volume Breaking Ball gap to a new 52-week high. The stock closed up 11 percent on the day and looks interesting for Tuesdayââ,¬â"¢s session.
CarMax, Inc.

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.