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 April 16, 2007 
 




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Earnings Preview: Top names due to report this week include:

Monday: SCHN, MOS

Tuesday: AA, AXA,

Wednesday: BBBY, CBK, DNA, RIMM, RI, SAI

Thursday: FAST, KKD, LRCX, PIR, PKX, RAD, VIP

Friday: GE, INFY



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.


 












ConocoPhilips (COP) operates as an integrated energy company worldwide. It operates through six segments: Exploration and Production, Midstream, Refining and Marketing, LUKOIL Investment, Chemicals, and Emerging Businesses.  We have been watching COP over the last couple of months, and even though it has given some initial buy triggers, it remains a strong prospect for further upside thoughout the summer. We are watching for any pullbacks to add to this position, although new positions can still be initiated on them as well.

To view a video on this position, go to http://www.tradingfrommainstreet.com/videos/cop.html.

Other stocks to watch:
KLAC, AMZN, PEP, BA, GEF

To learn more about how I locate and trade the positions in this letter, check out my new CD course at http://www.swingtrader.net.

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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.

4/9/2007 Schnitzer Steel Industries, Inc. (SCHN) engages in recycling ferrous and nonferrous metal, and used and recycled auto parts, as well as in manufacturing finished steel products in the United States and internationally. SCHN has had my eye since last fall and remains a favorite pick on mine for further upside over the next couple of years. I'll be watching for pullbacks on the daily time frame to pick up some shares again.

4/2/2007 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. Last month's lows will be support.

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

1/8/2007 King Pharmaceuticals, Inc. (KG) gave a breakout setup over $16.14 on 1/10/2007 for an initial setup. Another setup was a breakout from the $18 area.  $15.80 is support.  Highs of $20.55 (+$4.41, +27.32% move).

12/11/2006
The J. M. Smucker Company (SJM) gave a breakout buy setup on 2/13/2007 over $48.30. Highs of $57.43 (+$9.13, +18.9% 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: KTEC, GCFB, CRDN (needs to base on the weekly),
COP, STR, CFC (needs to base on the weekly), CHK

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 KT Corp. (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. Some trailing stops hit.

10/30/2006 AGCO Corp. (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 $60.03 (+$11.28, +23.14% 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 $83.89 (+$15.89, +23.37% 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 $50.83 (+$10.94, +27.43% 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 $82.82 (+$8.95, +10.81% 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 $29.14 (+$5.85, +25.12% 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 $34.85 (+$15.08, +76.28% 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 $33.62 (+$12.52, +59.34% 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).  Some trailing stops hit.

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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