Focus Letter

February 15, 2006

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Disclaimer: Positions discussed for educational purposes only and past performance is not indicative of future results. Trading in securities or commodities may not be suitable for all individuals.

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	Daily Editorial:

		Indices Remain in Daily Range but Show Intraday Strength Good morning! The market saw a pretty strong day on Tuesday after a lot of indecision since the end of last week. The Dow Jones Ind. Ave. in particular showed a lot of strength. It took a little time to get things going though. At the 9:45 ET reversal period the market popped to new intraday highs, stalling at Monday's upper levels. A more gradual correction into support, however, soon gave way to even stronger buying, particularly in the S&P500 and Dow Jones. The breakout to new highs out of the 10:45 ET reversal period lent follow through to the bullish intraday bias that we were looking at heading into the day. The NASDAQ had a tougher time with a lot more overhead resistance than the other two indices, but it still managed to made new intraday highs into the 12:00 ET reversal period. At that point the market fell into a long range into the early afternoon, correcting from the morning upside. Volume was light over lunch as the market based. While this is fairly typical, it is also a positive attribute in terms of a continuation pattern. As the 14:00 ET reversal period rolled around, the upper channel to the mid-day range gave way. This time the NASDAQ participated more fully, closing the gap from Monday morning before slowing and turning over into the 15:00 ET reversal period. All three indices corrected off resistance at approximately the same time. While the NASDAQ closed its gap, the Dow ran into resistance from the prior daily highs. This was another very significant resistance level that usually has a very difficult time breaking the first time it is retested. The indices are continuing to look stronger on the shorter time frames heading into Wednesday. My concerns from the weekend still remain. I had a difficult time locating decent buy setups and many of the stocks that had been making 52 week highs were starting to correct. At the present time I have no desire to go against the trend, but I will still use added caution. UPCOMING MENTORING OPPORTUNITIES: To further you own knowledge of market activity and technical analysis, you may be interested in participating in one of my upcoming online seminars. Held March 20-24, I will be utilizing the Hotcomm platform which will allow participants the same opportunities as they would attending a class on-site. For more information, click on the journal image at the right hand side of my site at http://www.tonihansen.com or email me directly at toni@tradingfrommainstreet.com. When asking those who attended my last class which aspects of my course were most beneficial, their responses were very similar: "The concepts introduced such as pace and pace within patterns which were new to me and which I HAVEN'T SEEN ANYWHERE ELSE." - Larry "I found everything in the course to be beneficial... It ranked as the best I have seen. Seriously, cant imagine any course being better and using it with Hotcomm probably even more so!" - Karl "The whole course covers everything you need to know about being a successful trader.... I have gone from an "unprofitable trader" to being a "PROFITABLE TRADER." Your course made the difference...." - Jeff


		Economic Reports and Events:

		Feb. 15: NY Empire State Index for Feb. (8:30 am), Net Foreign Purchases for Dec (9:00 am), Capacity Utilization for Jan (9:15 am), Industrial Production for Jan (9:15 am), Crude Inventories 02/10 (10:30 am) Feb. 16: Building Permits for Jan (8:30 am), Export Prices ex-ag. for Jan (8:30 am), Housing Starts for Jan (8:30 am), Import Prices ex-oil for Jan (8:30 am), Initial Claims 02/11 (8:30 am), Philadelphia Fed for Feb. (12:00 pm) Feb. 17: Core PPI for Jan (8:30 am), PPI for Jan (8:30 am), Mich. Sentiment-Prel. for Feb. (9:50 am)

		Earnings Announcements of Interest:

		Only stocks with an average daily volume of 500K+ are listed. List may not be complete so be sure to always check your stock's earnings date before holding a position overnight. (A) = Earnings after the close, (B) = Earnings before the open, (?) = Earnings time not specified at the time of this writing Feb. 15: AMAT (?), AQNT (A), BIIB (A), CECO (?), CMX (B), CEN (B), XEC (B), DVW (?), DVA (B), DENN (A), DGIN (A), DPL (A), DTE (A), ECA (?), ENDP (B), EXPE (?), FST (A), GENZ (B), HC (?), HPQ (?), HRP (B), JNY (B), MT (?), MRVC (A), NTAP (A), ODP (?), PKD (B), PENN (B), PGN (B), SNPS (A), TOT (02:00 am ET) Feb. 16: ABB (B), AAP (B), AEIS (A), AMMD (A), BHI (B), BRCD (A), COG (A), DELL (A), GLBL (B), GT (B), GES (?), ICGE (B), LCP (?), LEH (B), LEXR (A), LTR (B), LTXX (A9, MRH (A), NTGR (A), NU (?), NPSP (?), NVDA (?), ONXX (B), PLD (B), PSYS (A), RYI (A), SAPE (A), SIMG (A), TGT (?), TKLC (B), FAF (B), UBB (?), WPI (A), XMSR (B) Feb. 17: APPX (?), CPB (?), PBR (A), PCG (?), RSH (?), SIRI (B) Note: All economic numbers and earnings reports are in lines with those compiled by Yahoo Finance. Occasionally changes will occur that are made after the posting of this column.

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