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Earnings Preview: Top
names due to report this week include:
Monday:
ARD and MERX.
Tuesday: ISCA, POP, EXFO, OXM, and RBN.
Wednesday: AYI, BBY, BTH, CC, GBX, MON, MSM,
HWAY, BLUD, LWSN, MU, and ZZ.
Thursday: SHLM, CYCL, STZ, MTRX, RPM,
and WDFC.
Friday: Markets are closed.
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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Freeport-McMoRan
Copper & Gold, Inc. (FCX), through its subsidiaries, engages
in the exploration, mining, and production of copper, gold, and silver.
It holds interests primarily in the Grasberg open pit and the Deep Ore
Zone mines in Indonesia. FCX recently acquired PD, which was another
favorite stock of mine. FCX has been based along monthly highs since
the beginning of last year and recently broke free from the symmetrical
triangle it had been forming on that time frame. I will be watching for
a setup on the daily time frame to pick up some shares in FCX for a
position trade. This month's lows will be support.
VIDEO OF FCX:
Chart
brought to you
by Real Tick III by Townsend Analytics, Ltd.
Updates on Open Positions
CLICK
HERE for a complete track record since Dec. 2002.*
Positions in green
have triggered and are profitable. Positions in red have triggered but
are not yet profitable. Those in blue
have not yet triggered.
2/5/2007 Carpenter Technology
Corporation (CRS) engages in the manufacture,
fabrication, and
distribution of specialty metals and engineered products. This is a
stock I have been watching for a couple of weeks and was on last week's
watch list. At this point it is a little overbought on the daily time
frame, but it holds great potential for a continuation pattern on any
pullback or correction off the current resistance. It was forming a
triangle on the weekly and monthly charts throughout much of last year,
breaking the upper trend channel just over a week ago. The 20 week
simple moving average is support.
1/22/2007 Harman International
Industries, Incorporated (HAR) engages in the development,
manufacture, and marketing of audio products and electronic systems
worldwide. Ever since 2004 HAR has been in a narrowing range, forming a
nice triangle on the monthly charts. It hit the highs of the triangle
for the third time in October and most triangle's break on the third or
fourth test of highs or will hit the third time and base or range on a
smaller time frame and then break it. I'll be dropping down to the
daily and weekly charts looking for a smaller time frame buy setup to
take a long position with plans to hold for several years.
Watch
List:
RTH, ASH
1/8/2007 King
Pharmaceuticals, Inc. (KG) gave a breakout setup over
$16.14 on 1/10/2007 for an initial setup. Another setup would be a base
along the $18 area here for another upside breakout on the daily
charts. $15.80 is support. Highs of $19.86 (+$3.72, +23.05% move).
12/11/2006 The J. M. Smucker
Company (SJM) gave
a breakout buy setup on 2/13/2007 over $48.30. Highs of $53.99 (+$5.69, +11.78% move).
12/4/2006 Ross
Stores, Inc.
(ROST) gave a buy setup on 1/3/2007 over $31.15. It has highs
so far of $35.00 (+$3.85,
+12.36% move).
Watch List:
Buy: SHEN (remove), KTEC, GCFB,
CRDN
(needs to base on the
weekly), COP (broke higher, but
without the ideal base on the weekly), STR, CFC
(needs to
base on the weekly), CHK, ASH
11/27/2006 XM Satellite Radio
Holdings Inc. (XMSR) gave
a breakout setup above $15.50 on 1/10/2007. It has highs of $17.70 (+$2.20, +14.19% move).
Adjusted stop on remaining under $12.89.
11/6/2006 IMS
Health (NYSE
Symbol: RX) gave a buy setup on 11/6/2006 over $28.05
with support at $26.62. It reached highs of $30.13 (+$2.08, +7.42% move) so far. Some
trailing stops hit.
11/6/2006 KTC gave a
cont. buy setup on 11/7/2006 over $23.44. It hit highs of $26.67 (+$3.23, +13.78% move) so
far. Adjusted stop under $21.72 on remaining.
11/6/2006 CRDN gave a
cont. buy setup on 11/6/2006 over $48.33. It hit highs of $62.00 (+$13.67, +28.28% move) so
far.
10/30/2006 Casey's General
Stores (CASY) gave
a breakout setup on 12/1/2006 over $25.05. It has highs so far of
$26.70 (+$1.65, +6.59%
move).
10/30/2006 HUBG gave
a buy
setup on 11/3/2006 over $26.32. It hit highs of $34.00 (+$7.68, +29.18% move) so far.
10/30/2006 AG gave a buy
setup on 11/1/2006 over $27.68. It hit highs of $39.50 (+$11.82, +42.70% move) so far.
9/18/2006 Henry
Jack & Assoc. Inc. (JKHY) gave a buy
setup on 9/20/2006 over $21.12. It hit highs of $24.67 (+$3.55, +16.81% move) so far.
9/18/2006 Varian
Inc. (VARI) gave a buy
setup on 9/20/2006 over $48.75. It hit highs of $59.89 (+$11.14, +22.85% move) so far.
9/11/2006 Sigma Aldrich Corp.
(SIAL) gave a buy
setup on 9/15/2006 over $36.82. It hit highs of $42.84 (+$6.02, +16.35% move) so far.
9/11/2006 Taubman Crts Inc
(TCO) gave a buy
setup on 9/11/2006 over $41.09. It hit highs of $63.87 (+$22.78, +55.44% move) so far. Some tight trailing stops hit.
9/11/2006 Developers
Diversified Realty Co. (DDR) gave a buy
setup on 9/11/2006 over $55.10. It hit highs of $72.33 (+$17.23, +31.27% move) so far. Some tight trailing stops hit.
9/5/2006
Healthcare Services Group (HCSG) gave a buy
setup on 9/5/2006 over $23.10. It hit highs of $30.67 (+$7.57, +32.77% move) so far. Some
trailig stops hit.
8/14/2006
Genentech Inc. (DNA)
gave a watch list buy setup on 8/16/2006 at $80.90. It
has highs of $89.73 (+$8.83, +10.91% move).
$77.50 support. Additional entry points
available. $80 is now support.
8/14/2006
IShares Cons. Goods
(IYK)
gave a watch list buy setup on 8/15/2006
over $55.15. It
has highs of $62.08 (+$6.93, +12.57% move).
8/7/2006
Stericycle,
Inc. (SRCL)
gave a buy setup on 9/20/2006 over $68.00. It
has highs of $82.98 (+$14.98, +22.03% move).
8/7/2006 Polycom Inc. (PLCM)
gave a watch list buy setup on 7/31/2006 over $22.50. It
has highs of $36.61 (+$14.11, +62.71% move).
$32.34 support.
7/31/2006 Fairpoint
Communications, Inc. (FRP)
gave a watch list buy setup on 7/31/2006 over $14.84. It
has highs of $21.53 (+$6.69, +45.08% move).
7/31/2006 Lloyds
(LYG)
gave a watch list buy setup on 10/2/2006 over $40.66. It
has highs of $48.59 (+$7.93, +19.5% move).
Some
trailing stops hit.
7/31/2006
Brookfield Asset Management Inc. (BAM)
gave a watch list buy setup on 8/22/2006 over $43.62. It
has highs of $59.02 (+$15.40, +35.3% move).
$44.00 support.
7/24/2006
Sierra
Pacific Resources (SRP) gave an initial buy setup on
7/24/2006 over $14.21. It
has highs of $18.26 (+$4.05, +28.5% move).
Support is at $15 and the 20
month sma.
7/24/2006 Allegheny
Energy Inc. (AYE)
gave an initial watch list buy setup on 7/24/2006 at $39.89. It
has highs of $50.25 (+$10.36, +25.97% move).
The 20 week sma is
support. Some trailing stops
hit.
7/24/2006
British American Tob. (BTI)
gave an initial watch list buy setup on 7/24/2006 at $52.21. It
has highs of $63.50 (+$11.29, +21.62% move).
Some trailing stops
hit.
7/24/2006
Gallaher
Group (GLH)
gave an initial watch list buy setup on 7/24/2006 at $65.68. It
has highs of $95.03 (+$29.35, +44.69% move).
$61.47 support. Some trailing stops hit.
7/24/2006
Pharmaceutical Holders (PPH)
gave an initial watch list buy setup on 7/24/2006 at $73.87. It
has highs of $80.50 (+$6.63, +8.98% move).
Some
trailing stops hit.
7/17/2006 Williams Cos. Inc.
(WMB)
gave a watch list buy setup on 7/24/2006 over $23.29. It
has highs of $29.05 (+$5.76, +24.73% move).
$25.00 support.
7/17/2006 Nuveen (JPS) second
chance at entry.
7/10/2006
Select Sector SPDR TR SBI Cons. Stpls (XLP)
gave a watch list buy setup on 7/25/2006 over $24.67. It
has highs of $27.27 (+$2.60, +10.54% move).
$23.91 support. Some trailing stops hit.
7/10/2006
Immucor Inc. (BLUD)
gave a watch list buy setup on 7/20/2006 over $19.77. It
has highs of $34.07 (+$14.30, +72.33% move).
$16.00 support. Some trailing stops hit.
7/10/2006 Nuveen Quality
PFD Income FD 2 (JPS)
gave a watch list buy setup on 7/17/2006 over $13.85. It
has highs of $15.30 (+$1.45, +10.47% move).
$14.50 support. Some trailing stops hit.
7/10/2006 Northeast Utils
(NU)
gave a watch list buy setup on 7/10/2006 over $21.10. It
has highs of $32.83 (+$11.73, +55.59% move).
$20.00 support.
7/3/2006 ITT
Educational Services, Inc. (ESI) gave
a breakout buy setup over the $66.18 zone on 7/28/2006. It has highs of
$83.41 (+$17.23, +26.04%
move) and support at $65. Some
trailing stops hit.
7/3/2006 AvalonBay Cmntys Inc. (AVB)
(Note: Toni has a position from $108.65)
gave a watch list buy setup on 7/3/2006 over $111.53. It
has highs of $149.94 (+$38.41, +34.44% move).
Some
trailing stops hit.
6/05/2006
RPM
International,
Inc. (RPM) gave
a breakout buy setup on 9/5/2006 over $19. Highs
$24.25 (+$5.25, +27.63%
move).
5/8/2006
MetLife, Inc.
(MET) gave two setups. One was on 5/31/2006 on an
intraday pattern coming off the 20 week sma support when the range at
$51.34 broke higher. The daily pullback triggered a setup on
6/1/2006 over $52.00. $50 is support. It has highs of $66.25 (+$14.25, +27.41% move).
3/27/2006 Berkshire
Hathaway, Inc. (BRK.B) gave a breakout on 5/16/2006 over
$3000. It has highs of $3825.00 (+$825, +27.5% move). - Brandon
11/28/2005
Radvision Ltd. (RVSN)
gave a secondary setup on 11/29/2005 over $16.07. It reached highs of
$23.20 (+$7.13, +44.37% move). Some
trailing stops hit.
- Toni
11/07/2005
Radvision Ltd. (RVSN) triggered
on 11/07/2005 over at $15.90 with an aggressive setup.
Highs $23.20 (+$7.30,
+45.91% move). Some trailing stops hit.
- Toni
10/17/2005 ASML Hldg NV N Y
SHS (ASML) over $17.50 on 11/02/2005. Highs $26.57 (+$9.07, +51.83% move) (channel break trigger). $17.00 is
support for a long term position. Trailing stops hit for shorter term
position traders. - Toni
* DISCLAIMER:
Results are based upon best price hit before the position
was closed, or the stop if that hit first.
Note: Trading in commodities and securities may not be suitable for all
individuals. Consult your broker or other professional to determine
your suitability. The discussions provided by Trading From Main Street
are for educational purposes only and should not be taken as a
recommendation to buy or sell the referenced security. Past performance
is not indicative of future results.
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