Focus Letter

April 7, 2006

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

MainStreet on Hotcomm

CLICK HERE to learn how you can participate in Toni's upcoming mentoring program, live on Hotcomm!

Upcoming course dates:
April 24th-28th, 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.

CLICK HERE
FOR THIS WEEK'S POSITION TRADE NEWSLETTER

	If you are unable to view the images in this newsletter Click Or put the following in your browser: www.tradingfrommainstreet.com/Newsletters/focusletter/current.html

	Daily Editorial:

		Market Remains Choppy As It Inches Higher Good morning! The concerns I explored yesterday in this column continued to manifest themselves on Thursday. The strong back and forth action we have seen in recent weeks has yet to subside, even though the daily charts are trying to break higher. The pace on the upside simply isn't showing a lot of conviction and it's not taking much to scare the bulls intraday. Despite a normal intraday range, the indices ended the day not far from where they began. The Nasdaq Composite ($COMPQ) gained 1.42 points to close at 2,361.17, the S&P 500 ($SPX) fell 2.52 to 1,209.04, and the Dow Jones Industrial Average ($INDU) ended 23.05 points lower at 11,216.50. The bulls saw some of their initial fears realized shortly after the open. With an eye towards Friday's employment data and rising interest rates, the market sold off into the early afternoon. The S&P 500 and Dow saw the strongest downside, putting in three waves of increasing selling until finally stalling at 12:30 ET. The Nasdaq held up much better early on, holding a range right along intraday highs until shortly before 12:00 ET when they also succumbed to the strongest downside move intraday. Nevertheless, it held the lows of the prior afternoon's range and the rounded lows on the 2 minute charts at that support level helped boost the indices into the afternoon. The market saw another strong intraday pivot off the mid-day lows. This took only about half the time of the decline, helping attempt to change the pace intraday, but the highs aren't breaking by enough to get any momentum into them. As the index futures ran into prior highs, the rally stalled, leading to a pullback for the remainder of the day. Once again, this closing action was choppy and more difficult to trade. Not much has changed since yesterday. There is still a risk for more of a pullback before we can see a strong upside breakout. A lot of it will likely ride on the morning numbers. As a result, I'll just be playing it by ear since about half the stocks on watch lists heading into the day end up reversing instead of following through. So, it's been keeping me less active and more focused on the intraday front, primarily in the mornings. 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 April 24th-28th, 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:

		Apr 07: Average Workweek for Mar (8:30 am), Hourly Earnings for Mar (8:30 am, Nonfarm Payrolls for Mar (8:30 am), Unemployment Rate for Mar (8:30 am), Wholesale Inventories for Feb. (10:00 am), Consumer Credit (15:00 pm) Apr 10: - Apr 11: - Apr 12: Trade Balance for Feb. (8:30 am), Crude Inventories 04/07 (10:30 am), Treasury Budget for Mar (14:00 pm) Apr 13: Business Inventories for Feb. (8:30 am), Export prices ex-ag for Mar (8:30 am), Import Prices ex-oil for Mar (8:30 am), Initial Claims 04/08, Retail Sales for Mar (8:30 am), Retail Sales ex-auto for Mar (8:30 am), Mich. Sentiment-Prel. for Apr (9:50 am) Apr 14: Capacity Utilization for Mar (9:15 am), Industrial Production for Mar (9:15 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 Apr. 6: AM (B), STZ (A), LWSN (A), PIR (B), RIMM (?), RAD (?), RPM (B) Apr. 7: NDN (?) Apr. 10: AA (?), SCHN (B) Apr 11: DNA (A), LPL (?), MOS (?) Apr 12: CBH (B), GCI (B), GTK (B), HDI (B), LRCX (A), SOSA (A) Apr 13: MTG (B), NYT (?), TRB (B), VCP (?) Apr 14: - 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.

If you are receiving this from a friend and would like to have it sent to you, click.

Please visit the Support Center to email questions or comments or contact support@tradingfrommainstreet.com.

To UNSUBSCRIBE send a blank email to have this email address removed from the Focus Letter List only. If the email list system does not send you a confirmation, please contact support@tradingfrommainstreet.com to be removed manually.