On Wednesday, Sinker candidate Ace Ltd. (ACE) will be on our watch list.  The stock and the insurance sector (IUX.X) are at new highs and look ready for a contratrend move if the broader market loses ground.

Bausch & Lomb Inc (BOL) made a Fast Ball expansion move Tuesday and looks solid going into Wednesdayââ,¬â"¢s session.  I am not usually too impressed with the stockââ,¬â"¢s ability to follow through on big moves, but we will have it on the radar in the event of  market and sector strength.
 

Ace Ltd

Bausch & Lomb Inc

Cooper Companies Inc (COO) missed the consensus number and was punished with a gap down Fast Ball expansion of range and volume.  We will be looking for an extension opportunity on Wednesday. 

Cooper Companies Inc

DTE Energy Co (DTE) is back in reversal territory with a Sinker setup that has the stock trading at prices that have stopped it dead in its tracks on six previous occasions.

DTE Energy Co

We will also watch Jack In The Box for a downside move on Wednesday. A downgrade to underperform on Tuesday had the stock slipping lower in a Fast Ball move that cannot have Jack happy.

Jack in the Box Inc

Mc Graw-Hill Companies Inc (MHP) is overextended again and has potential as a Sinker setup.  We will look for weakness if the stock breaks Tuesdayââ,¬â"¢s high and stalls.

Mc Graw-Hill Companies Inc

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