Focus Letter

March 15, 2006

http://www.invest-store.com/tradingfrommainstreet/

MainStreet on Hotcomm

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Upcoming course dates:
March 20-24, 2006

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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FOR THIS WEEK'S POSITION TRADE NEWSLETTER

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	Daily Editorial:

		Bulls Push Ahead Good morning! It was a big day for the market on Tuesday as the market put in one its larger upside days of the year as long-term interest rates declined. The Dow Jones Industrial Average ($INDU) gained 75.32 points to close at 11,151.34, while the S&P 500 ($SPX) rose 13.35 points to end the day at 1,297.48. This marked a new 5-year high for the S&P. Even the Nasdaq Composite put aside its relative weakness in favor of a strong trend day, rallying 28.87 points to 2,295.90. The market opened near Monday's close, but quickly expressed its preference by breaking strongly past the prior afternoon highs by 10:00 ET. The strongest pullback of the day took place at that time, taking the indices quickly back to their 5 and 15 minute 20 sma support. Once that hit, however, the upside began to resume. The pace was gradual initially, creating more of a reaction to the the day's highs. This pushed the indices into a more gradual correction, basing for about an hour, but still holding the trend channel support before making new intraday highs out of the 13:00 ET reversal period. There was one more bull flag before the end of the day. Around 13:30 ET the market again began to base and pull back slightly. The 5 minute 20 sma didn't quite hit, but the zone of the support held and the market put in its last strong breakout of the day. This level held into the close with the last 90 minutes of the day seeing very little action as the indices simply fell into a congestion range along the highs. On Wednesday, following the strong upside, we are more likely to see greater intraday overlap. I will be looking more towards playing pivots and reversal patterns. Note: I'm going to be taking Thursday and Friday off, but this column will resume once more on Monday. I wish you good trading for the rest of the week! Friday's Swingtrade Watch List Recap: Long: FD, EMR, CHT, and CIT. Short: CHK, MOT, XTO and PCAR. Monday's Swingtrade Watch List Recap: Long: GLW, ARO, STXS, IYZ. Short: SMH 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. To register CLICK HERE. 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. Hotcomm is a virtual chatroom where one can see charts and listen to commentary live!" - 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:

		Mar 15: Export Prices ex-ag. for Feb (8:30 am), Import Prices ex-oil. for Feb (8:30 am), NY Empire State Index for Mar (8:30 am), Net Foreign Purchases for Mar (9:00 am), Crude Inventories 03/10 (10:30 am), Fed’s Beige Book (14:00 pm) Mar 16: Building Permits for Feb (8:30 am), Core CPI for Feb (8:30 am), CPI for Feb (8:30 am), Housing Starts for Feb (8:30 am), Initial Claims 03/11 (8:30 am), Philadelphia Fed for Mar (12:00 am) Mar 17: Capacity Utilization for Feb (9:15 am), Industrial Production for Feb (9:15 am), Mich Sentiment-Prel for Mar (9:50 am) Mar 20: Leading Indicators for Feb (10:00 am) Mar 21: Core PPI for Feb (8:30 am), PPI for Feb (8:30 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 Mar 15: ADRX (08:00 am ET), CHRS (B), CMVT (A), DISH (?), HOTT (A), IO (a), ICO (A), IVAN (?), LEH (B), MRX (A), ROST (B), TRLG (A) Mar 16: SIL (?), BKS (B), BSC (B), CHL (?), CTAS (A), CPWM (B), ERJ (?), NSTK (A), PTEN (?), PETC (A) Mar 17: - Mar 20: CNTF (?), DRI (?), ORCL (A), PTR (?), SHFL (?) Mar 21: BMET (B), DG (?), FRED (?), GME (B), NKE (A), SIGM (?) 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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