Toni Hansen's Interactive CD series: - 5 Technical Signals You Should NOT Trade Without - Trading Market Simple: No Indicators Necessary! -Toni Hansen's Quick Reference Guide to Successful Market Timing All for the unbeatable price of $279! http://www.swingtrader.net

---

Visa Inc (NYSE:V) is a relatively recent IPO that provides payment solutions in support of credit and debit programs to financial institutions. The company has shown better fundamentals than most in its group, with EPS growth of 49% and 73% the quarter before. Sales growth has been strong as well, although not as strong as earnings. Last quarter saw 22% with 27% the previous quarter and 50% before that. The stock has also shown solid trends, much better than the overall markets have in recent days and weeks. When the overall markets pull back, this often provides the very best opportunities for isolating truly strong stocks. Visa has pulled back in a nice orderly manner to support. We will be looking for buying opportunities in the stock.

Sector: Services
Industry: Business Services

Brandon Fredrickson & Toni Hansen

Brandon's Blog: http://p5equities.blogspot.com/
Toni's Blog: http://www.tonihansen.com/blog
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.

NOTE: A lot of positions were closed this past week with trailing stops and exits under support levels. Those that were closed are now located in the larger record.

6/23/2008 Almost Family (Nasdsaq:AFAM) gave an early buy trigger on 6/26/2008 at $26.60. It has highs so far of $27.32 and closed on Friday at $25.39. - Brandon Fredrickson

6/9/2008 Constellation Energy Group, Inc. (CEG) has been in a steady downtrend since the beginning of the year. It now has three waves of selling in place and has come into support from the zone of the lows in August 2007 and the 20 month simple moving average. After three waves of selling a stock has a higher potential for a larger correction off support. So far the reaction has been gradual and smack into the uptrend trend channel line. If it can congest along here, however, or move in for a double bottom or 2B on the weekly time frame then it will form a strong reversal that can quickly take it back into $100, or higher with very little effort. This may take a few weeks to a few months to develop.

6/9/2008 Medtronic Inc. (MDT)

6/9/2008 Psychiatric Solutions (PSYS) gave a swingtrade buy trigger on 6/18/2008 over $37.00. It has highs so far of $39.62 (+$2.62, +7.08%). Position trade potential.

6/9/2008 Expeditors Intl Wash Inc. (EXPD) gave a short trigger on 6/11/2008 under $45.71. It has lows so far of $41.95 (+$3.76, +8.23%). Targets hit.

6/9/2008 Allegheny Tech. Inc. (ATI) gave a short trigger on 6/10/2008 under $66.00. It has lows so far of $58.40 (+$7.60, +11.52%). Targets hit. Given 6/2/2008 in the chatroom under $73.67.

6/9/2008 Rockwell Automation Inc. (ROK) gave a short trigger on 6/9/2008 under $53.90. It has lows so far of $42.84 (+$11.06, +20.52%). Targets hit.

6/9/2008 ST. June Med. Inc. (STJ)

6/9/2008 V F Corp. (VFC) gave a swingtrade short trigger on 6/9/2008 under $72.73. It has lows so far of $69.44 (+$6.42, +4.52%). Targets hit.

6/9/2008 Proshares Ultrashort QQQ (QID) gave a swingtrade buy trigger on 6/9/2008 over $38.96. It has highs so far of $45.38 (+$3.18, +16.48%). Targets hit for short term traders.

6/2/2008 McCormick & Company, Incorporated (MKC) gave an early buy setup on 6/5/2008 over $37.73. It does still have potential to pull back a bit more on the weekly time frame before it can confirm a larger break of this range. It has highs so far of $38.13 (+$0.40, +1.06%). Closed Friday at $37.12

Position Trade Long: TRLG (initial setup already triggered, so correction is ideal before a continuation)

6/2/2008 Intrepid Potash Inc. (IPI) gave a swingtrade buy trigger on 6/5/2008 over $48.76. It has highs so far of $76.24 (+$27.44, +56.28%). Trailing stops hit.

6/2/2008 Genworth Finl. Inc. (GNW) gave a short trigger on 6/2/2008 under $22.08. It has lows so far of $17.69 (+$4.39, +19.88%). Targets hit for short term traders.

6/2/2008 XMSR gave a short trigger on 6/2/2008 under $10.49. It has lows so far of $7.26 (+$3.23, +30.79%). Targets hit for short term traders.

6/2/2008 Exelon Corp. (EXC) gave a short trigger on 6/26/2008 under $89.36 with resistance at $92. It hit lows of $86.54 (+$2.82, +3.16%)

6/2/2008 Transocean Inc. (RIG)  gave a swingtrade short trigger on 6/2/2008 under $149.89. It has lows so far of $142.08 (+$7.81, +5.21%). Targets hit. Some trailing stops hit.

5/19/2008 PowerShares DB Agriculture Fund (Ticker: DBA) gave a buy trigger on 6/2/2008 over $36.00. It has highs so far of $42.65 (+$6.65, +18.47%). Initial target hit.

4/28/2008 Greenhill & Co., Inc. (GHL) Potential level to begin to build a position was on April 29 over $67.54. Higher risk. Secondary opportunity was on 5/12/2008 over $62. High of $64.72 (+$2.72, +4.39%). Closed Friday at $57.00

4/21/2008 Old Dominion Freight Line, Inc. (ODFL) operates as a less-than-truckload multi-regional motor carrier primarily in the United States. Since July 2005 ODFL has had two strong pullbacks on the monthly time frame. This took the stock back into support from the correction which took place throughout 2005. Typically a two-wave pullback at highs in a security will lead to a continuation pattern on the upside. ODFL began to rally out of this pattern in January and began to chop around near last year's highs over the past two and a half months. I will begin to build a position on daily setups for a larger continuation to new all-time highs. My target zone is between $42-46.

Watch Stocks:
Short: M D C Holdings Inc. (MDC)

4/21/2008 Axcelis Technologies Inc. (ACLS) gave an initial buy trigger on 5/1/2008 over $5.44. It has highs so far of $6.04 (+$0.60, +11.03%). Some trailing stops hit under $5.68 on channel break.

4/7/2008 Rowan Companies, Inc (RDC) gave an initial buy trigger on 4/18/2008 over $41.78. It has highs so far of $47.72 (+$5.93, +14.19%). My initial target is $53.

Watch Stocks:
Long: Saul Ctrs Inc. (BFS)  remove from watch.

4/7/2008 Taubman Ctrs. Inc. (TCO) gave a watch list buy trigger on 4/16/2008 over $53.35. It has highs so far of $58.90 (+$5.55, +10.4%). Was expected to correct further, so it may have taken many out who kept tight stops.

3/31/2008 Swift Energy Company (SFY) gave an initial swingtrade buy trigger on 4/4/2008 over $45.89. It came into initial resistance in the $50 zone with highs of $65.00 (+$19.11, +41.64%). This is likely to begin to correct soon so can initialize trailing stops.

3/3/2008 Universal Health Services Inc. (UHS) gave a watch list buy trigger on 3/25/2008 over $51.82. It has highs so far of $65.87 (+$14.05, +27.11%).

2/4/2008 Bank Mutual Corporation (BKMU) remove from watch.

2/4/2008 Patterson Uti Energy Inc. (PTEN) gave a watch list buy trigger on 2/4/2008 at $20.96. It has highs so far of $36.30 (+$13.11, +56.53%). Initial resistance hit.

2/4/2008 Longs to watch: Hanover Ins Group Inc. (THG)

11/26/2007 Greif, Inc. (GEF) Over the next couple of months I'll be monitoring GEF for more gradual corrections off the upper end of this range on light volume to begin building a position. I am looking for a break higher in GEF in mid-2008. Initial trigger on 11/28/2007. 1/28/2008, 2/26/2008, and 3/24/2008 offered additional entry triggers. It has highs so far of $73.00.

11/12/2007 Lilly Eli & Co. (LLY) gave a short setup on 12/31/2007 under $53.71. It has lows of $45.57 (+$8.14, +15.16%). Some trailing stops hit.

10/22/2007 NDS Group (NNDS) gave an early buy trigger on 11/28/2007 over $56. It has highs so far of $63.57 (+$7.57, +13.52%). Now giving the larger weekly correction we were looking at.

9/24/2007 Martek Biosciences Corp. (MATK) gave an initial buy trigger on 9/24/2007 over $28.84. It has highs so far of $37.99 (+$9.15, +31.73%). Some trailing stops hit. This looks lower this week, so can use right trailing stop on the rest unless willing to hold to the 20 month sma.

9/10/2007 Automatic Data Processing Inc. (ADP) gave a short setup on 9/10/2007 under $44.61. It has lows of $37.75 (+$6.86, +15.38%). Trailing stops hit for many.

8/6/2007 Chesapeake Energy Corporation (CHK) gave an initial setup on 8/31/2007 over $32.06, but it can still have one more flush left in it on the monthly time time. It has highs of $68.10 (+$36.04, +112.41%). Initial targets hit. Some trailing stops hit.

12/4/2006 Chesapeake Energy Corp. (CHK) gave a buy setup on 2/23/2007 at $30.08. It reached highs of $68.10 (+$38.08, +126.406%) so far. Initial targets hit. Some trailing stops hit.

* 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.

---

The above disclaimer and copyright is applicable to all material published on behalf of the Bastiat Group. including, but not limited to, the Morning Watch and News Letter and Weekly Position TradER.