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 October 10, 2005   
 


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Economic Reports and Events:

Oct 10: AA (A), DNA (A), NGAS (?), PKX (B)
Oct 11: AAPL (5:00 pm ET), GCI (B), LPL (?)

Oct 12: APOL (B), ASML (02:00 am ET), ENTG (B), FAST (B), HDI (B), HMT (B), LRCX (?), MTG (B), MON (B), SOSA (07:00 am ET)
Oct 13: FCS (B), BPOP (A), TRB (B), WGO (B)
Oct 14: BBT (B), FDC (?), GE (08:30 AM et), MI (B), NGAS (?), RF (B), UNH (B)



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. Only stocks with an average daily volume of 500K+ are listed. List may not be complete so be sure to always check your stocks' earnings dates 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


 
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       Trade of the Week:
 

After a good deal of scanning this weekend, I've decided not to add another position trade to my portfolio this week. I had been becoming a bit starry-eyed over TLWT last couple of weeks and was looking to acquire a position, only to learn that someone else with a lot more buying power than I have, $6 billion actually, also had their eye on this company and just reached a deal to buy them out. So, there went my best bet for a new position. I am watching a few stocks over the next couple of weeks though, so here is a bit of a heads up: AES, FSL, SBAC, and WFMI. Overall, the market is still in indecision mode on the weekly and monthly charts. Although things are looking pretty weak at the moment, I have not found much for larger time frame shorts other than stocks coming off recent highs. These are too risky for the purposes of this letter and portfolio, so I'll just keep an eye on the developments over the next few weeks as we head into earnings season once more.

Updates

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.

10/3/2005 Herbalife, Ltd. (HLF) offers weight management, nutritional supplement, and personal care products in the United States. Its weight management product portfolio includes meal replacements, weight-loss accelerators, and various healthy snacks. After three waves of strong buying, HLF has put in a larger correction on the weekly charts, leaving room for a fourth wave of buying before it needs a much longer monthly correction. Look for a breakout on the daily and weekly charts of HLF. Support levels will be the low of the correction from the last two months as well as the 20 day sma.

For more information on HLF, please watch this video:
http://www.tradingfrommainstreet.com/Videos/flr.html

9/26/2005 Fluor Corporation (FLR) triggered an upside breakout over $63 with support at $59.50. It has highs so far of $64.40.

For more information on FLR, please watch this video:
http://www.tradingfrommainstreet.com/Videos/flr.html

9/12/2005 Northern Trust Corporation (NTRS) operates as the holding company of The Northern Trust Company (bank). It provides investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions, and individuals worldwide. After breaking out of the triangle trading range in July, NTRS has begun basing again at last year's highs. We are watching this stock for a continuation of that monthly breakout on a daily and weekly breakout over the next couple of weeks. The 20 week sma is support and the $63-$65 is the target zone.

For more information on NTRS, please watch this video:
http://www.tradingfrommainstreet.com/Videos/ntrs.html

9/6/2005 Broadcom Corporation (BRCM) triggered an upside breakout over the $43.85 zone with support at $41.45 for a third waves breakout on the weekly charts. It has highs so far of $47.99 with current support at $42.69. For more information on BRCM, please watch this video: http://www.tradingfrommainstreet.com/Videos/brcm.html Adjust stops under $42.85.

8/29/2005 Automatic Data Processing, Inc. (ADP) provides computerized transaction processing, data communication, and information services worldwide. ADP has been forming a monthly cup with handle and within the handle it has been forming a weekly cup with handle. The main con from a technical standpoint is that the lows could have been more rounded in 2003 to form a better cup on that time frame. With declining volume on this range and the nice range development, however, I will be watching for a breakout to the upside. $45.56 is a break in the range with the prior monthly pivot low (currently near the $40 whole number level) serving as support. For more information, check out the following video:
http://www.tradingfrommainstreet.com/Videos/adp.html

8/22/2005 iVillage, Inc. (IVIL) triggered a breakout on 9/16 above $6.75. High $7.50. $4.95 is support. For more information on the fundamentals of IVIL, check out this video:
http://tradingfrommainstreet.com/images/PositionTradeLetter/IVIL/ivil.html


8/15/2005 Hospira, Inc. (HSP)
triggered a breakout the week of August 28th when it hit the 20 week sma we were watching at $37.18 and then broke higher out of the weekly range of $40. $41.65 highs. Current support is $37.91.

Additional stocks to watch for buy setups over the next couple of weeks to months: ABB, CSGS, VRTX, VSEA. ALTR remove from watch list.


8/8/2005 Overseas Shipholding Group, Inc. (OSG)
remove from watch list.

Technology stocks have been weaker than the overall market in the past year, but as other sectors start to correct, this one is likely to catch some attention. Stocks I will be watching in coming months are ADP, QCOM, AAPL, KLAC, AMAT, and LLTCAAPL and QCOM, which were my favorites at the time, have been moving steadily higher. Some QCOM resistance here at prior highs. ADP, AMAT and LLTC can be removed from the watch list.


8/30/2005 Evergreen Solar, Inc. (ESLR)
ESLR has triggered a monthly triangle breakout from $7.00. This looks to be near the start of a much longer and stronger uptrend on the monthly charts with potential to hold for a few years. Of course, this would mean a much larger stop to start with under $4.68 and the 20 month sma. Support for a shorter term hold is $5.75. Highs of $9.65 so far.

7/28/2005 AnnTaylor Stores Corporation (ANN) Since March, ANN has been forming the handle of a Cup with Handle formation. It triggered a breakout over $26.12 on 7/28 with a stop under $23.63. I had wanted it to base a few more weeks before triggering, so this was a more aggressive entry. It gave another one going into the second week of August.  High: $28.75. Stio now under $24.25.

7/20/2005 Baxter International, Inc., (BAX)
broke it's range over $38.41 to hit highs so far of $41.07. It has support at the 20 week sma.

7/18/2005 Watch List: Stocks to watch for position trade buys: ANN, PX.

6/6/2005 Grant Prideco, Inc. (GRP) $25.40 was the trigger for the breakout on June 9th. $23.33 was the 20 week sma. Highs of $41.49 so far. Equal move target hit. Trailing stop initiated. Some hit.

5/31/2005 CMS Energy Corporation (CMS)  CMS triggered on 5/31 over $13.38 and has hit highs of $16.80. Trailing stop initiated. Some hit.



Track Record

Stock Entry Date Position Entry Price Results Additional Notes
Broadcom Corporation (BRCM) 9/9/2005 long over $43.85 open - highs so far of $46.30 - Toni
Evergreen Solar, Inc. (ESLR) 8/30/2005 long over $7.00
open - highs so far of $8.00
- Toni
Hospira, Inc. (HSP) 8/15/2005 long $37.18 or over $40.00 open - highs so far of $41.65 - Toni
AnnTaylor Stores Corporation (ANN) 7/28/2005 long over $26.12 open - highs so far of $27.50 - Toni
Baxter International, Inc., (BAX) 7/20/2005 long over $38.41 open - highs so far of $40.56 Target hit. - Toni
Owens Ill Inc Com New (OI)
7/19/2005 long over $26.64 stopped under $25.00 ($-1.64, -6.12% move)
Watch stock. - Toni
OMI Corporation (OMM) 7/5/2005 long over $20.00 $18.17 (-$1.83, -9.15% move)
Burlington Northern Santa Fe Cp. (BNI)
6/7/2005 short under $49.21 $51 (-$1.79, -3.64% move) Lows of $46.42. Closed with adjusted stop over $51 Original stop was over $51.62. - Toni
Grant Prideco, Inc. (GRP) 6/9/2005 long over $25.40 open- highs of $35.51 Target hit. - Toni
LifePoint Hospitals, Inc. (LPNT)
6/1/2005 long over $45.40 $51.54 (+$6.14, +13.52% move) Closed with trailing stop. - Toni
Immucor, Inc. (BLUD)  5/18/2005 long over $32.05 $36.00 before hitting stops or trailing stops Those using a break in 52 week highs saw a trigger on 5/23 over $34.49. - Toni
CMS Energy Corporation (CMS) 5/31/2005 long over $13.38 open- highs of $16.50 Target hit. - Toni
CAL DIVE Intl. (CDIS) 5/16/2005 long under $42.57 stopped over $46.00 on a break back over the 20 week sma. Watch stock. - Toni
Countrywide Financial Corporation (CFC) 5/19/2005 long over $36.33 $40.31 (+$3.98, +10.96% move) Alternate entry on 5/27 over $36.78. -Toni
Syneron Medical Ltd. (ELOS) 4/8/2005 long over $31.78 $34.31 (+$2.53, +8%) at highs. $30 zone as max trailing stop (-$1.78, -5.6% move) Closed with trailing stop. Toni
Fortune Brands Inc. (FO)
4/4/2005 long $83.30 $89.86 (+$6.56, +7.88% move) Closed with trailing stop. Toni
IShares Tr Rusl 2000 Grow (IWO) 3/21/2005
short under $63.03 $57.64 (+$5.39, +8.55% move) Closed with trailing stop. Toni
IShares Tr DJ US Real Est (IYR) 3/21/2005 short under $115.54 $110.70 with stops of $118.72 hit on remainder - Toni
BB&T Corp (BBT) 3/21/2005 short under $38.71 $40.82 (-$2.11, -5.45% move) Stop hit. Toni
Allegheny Energy Inc. (AYE)
3/7/2005 long over $20.27 $25.33 (+$5.06, +24.96% move) Closed with trailing stop. Wider trailing stops under can also used for an even longer hold on the monthly chart. Toni
American Tower Corp. Cl. A (AMT)
3/3/2005 long over $18.72 $17.37 (-$1.35, -7.2% move) - Toni
Coach, Inc. (COH) 3/2/2005 long over $56.78 $59.95 (+$3.17, +5.58% move) at highs. $55.40 zone as max trailing stop (-$1.38, -2.4% move) Closed with trailing stop. Toni
Express Scripts, Inc. (ESRX)
3/1/2005 long over $77.26 $104.99 (+$27.73, +35.89% move) Weekly cup with handle. Original stop under $73.52. Toni
CEG, EIX, ESV, BTU, FO, MEE 1/24/2005 long CEG $44.84, EIX $31.59, ESV $34.00, BTU $41.44, FO $80.00, MEE $35.75 Highs: CEG $54.85, EIX $38.35, ESV $41.42, BTU $50.94, FO $89.86, MEE $46.60 - Toni
Constellation Energy Group, Inc. (CEG) 1/18/2005 long $44.38 $54.85 ($10.47, +23.59% move) - Toni
Alcoa Inc. (AA) 1/3/2005 short under $31.41 $26.03 (+$5.38,+17.13%) Monthly Avalanche and daily bear flag. - Toni
MBNA Corporation (KRB)
12/13/2004 long over $27.19 $29.01 ($1.82, +6.7% move) Trailing stops hit on remaining shares. Initial stop under $25.74 on a weekly reverse head and shoulders
Select Comfort Corp. (SCSS) 12/6/2004 short under $15.45 (alternate entry using a weekly setup did not yield an entry trigger) Stopped over $20.70 on higher risk setup. Monthly bear flag under $15.45 on the higher risk setup. The main con listed was that the initial stop will be rather larger over $20.70, but I anticipated holding this stock for over a year. It was suggested to wait for a smaller weekly base for a lower risk entry and the ability to place a tighter stop. $14.75 lows.
ImClone Systems Incorporated (IMCL) 10/25/2004 short under $49.13 $36.71 (+$12.42,+25.28% move) Weekly breakdown. Those watching for swingtrades to trigger an entry might already have it from the Focus Letter under $49.13 zone. Toni
Old Dominion Fright Lines, Inc. (Nasdaq: ODFL) 10/18/2004 long above $30.25 $38.51 ($8.26, 27.31%) Position by Brandon.
Lam Research Corporation (LRCX)
10/04/2004 long over $23.51 $32.26 (+$8.75, +37.22% move) - Toni
Fairchild Semiconductor International, Inc. (FCS)
9/20/2004 long over $14 Stopped under $13.41 if entered early. Swingtrade target hit with $15.89 highs if waited for the longer ideal base. Swingtrade, potential position. Triggered earlier than wanted and hence was higher risk at initial setup. - Toni
Wells Fargo & Company (WFC)  8/16/2004 long over $60 $64.04 (+$4.04, +6.73% move) - Toni
BP Plc Sponsored ADR (BP)
7/19/2005 long $55.75 $66.65 (+$10.90, +19.55% move) Watch stock -Toni
US Bancorp De Com New (USB) 7/19/2004 long $28.25 $31.65 (+$3.40, +12.04% move) - Toni
The Pep Boys - Manny, Moe & Jack (PBY)
7/6/2004 short under $25.10 $13.20 (+$11.90, +47.41% move) Weekly Avalanche. Stop over the 50 week sma of $25.50.  (Given on June 14th.) Partials between $20-$21. - Toni
SanDisk Corporation (SNDK)
6/19/2004 long over $25.75
$31.96 with partials protected. Rest stopped with trailing stop. Alternate entry was the trend channel along the 20 week sma breaks higher ($23.75 zone). - Toni
Engineered Support Systems, Inc. (EASI)  6/16/2004 long over $52.81 $60.02 (+$7.21, +13.65% move) Given by Toni. Those looking to hold several months would have hit trailing stops on any remaining shares. Given by Toni.
Expeditors Int'l of WA (EXPD) 5/24/2004 long $43.68-$44.15 $58.40 (+$14.72, +33.7% move) - Toni
Williams Cos Ind Del (WMB) 
5/17/2004 long $11.00 $19.38 (+$8.38, +76.18% move) Watch stock -Toni
Zions Bancorporation (ZION) 5/17/2004 long $58.30 $69 (+$10.70, +18.35%) Watch stock -Toni
CI (CINGA Corp.) 5/17/2004 long $65.90 $69.46 (+$3.56, 5.4% move) hit on the swingtrade given in watch letter. - Toni
The Indices: QQQ, SPY, DIA
5/10/2004 short under $103.30 DIA, $36.34 QQQ or $36.63, $113.42 SPY $98.15 DIA, $32.34 QQQ, $106.59 SPY Bear flag off the 50 week sma. Shorter term traders took gains into the first part of August. Trailing stops hit on those holding longer.
Industrial Services of America, Inc. (IDSA) 4/23/2004 long over $18.35 reached highs of $21.50 before stopping out under $14.25 Original notes: "You will want to use greater caution on this stock than other more well-known stocks I follow here because it will tend to have more volatility as a result of its lesser liquidity."  Toni
GWW (W.W. Grainger, Inc.) 4/6/2004 long over $49.02 (if using trigger on monthly charts) $58.90 (+9.88, +20.15% move) Trailing stops hit. Toni
Amer Pharmaceutical Ptnrs (APPX) 3/15/2004 long above $39.70 $49.19 (+$9.49, +23.9% move) Brandon
InterActiveCorp (IACI)

3/1/2004 long over $32.70 or over $33.75 stopped under $30.00 (-$2.70, -9% move) or did not set up "...you can look for an intraday setup on this stock (such as over $32.70), or the weekly would trigger over $33.75. Support is at $30." Did not set up on the weekly chart, but did break the prior day's highs for $32.70. - Toni
Fifth Third Bancorp (FITB)
2/23/2004 short under $57.14 $51.17 (+$5.97, +10.45% move) Initial stop was over $60. Trailing stops his on rest. Given by Toni.
LGND (Ligand Pharmaceuticals)
2/11/2004 long over $15.72 $24.91 (+$9.19, 58.5% move) Watch list. Monthly cup with handle. Toni
Activision, Inc. (ATVI)  2/9/2004 long over $13.17 $17.09 (+$3.92, +29.76% move) Stop under $12.13. An intraday setup could also have been used.
PET sMART, Inc. (PETM) 1/28/2004 short under $23.82 stopped over $25 (-$1.18, -5% move) Weekly Avalanche. $22.96 lows hit before reversing to stop. Toni
KLIC (Kulicke and Soffa Ind.) 1/27/2004 short under $13.97 $10.51 (+3.46, +24.77% move) Watch list weekly Avalanche. Toni
AWA (America West Holdings) 1/26/2004 short under $12.16 $7.92 (+$4.24, +34.87% move) Watch list weekly Avalanche. Toni
FLML (Flamel Tech. ADS) 1/26/2004 short under $27.20 $23.02 (+$4.18, +15.37% move) Watch list weekly Avalanche. Toni
AFLAC Incorporated (AFL) 1/20/2004 long over $35.08 $42.60 (+$7.98, +22.75%) Alternative intraday setups or a break of the trend line could also have been used for entry. Trailing stops no lower than a break under $39 or the 20 week sma. Toni
Primus Telecom. (PRTL) 1/6/2004 long over $11.62 $13.38 (+$1.76, 15.15% move) Watch list bull flag. Toni
Motorola, Inc. (MOT) 1/5/2004 long over $14.81 $18.90 (+$4.09, +27.62% move) Watch list bull flag. Toni
Allergan, Inc. (AGN)
1/5/2004 long over $77.20 $90.21 (+$13.01, +16.85% move) Watch list bull flag. Toni
AuthentiDate Holding Corp. (ADAT) 1/5/2004 long over $12.96 $18.69 (+$5.73, +44.21% move) Watch list bull flag. Toni
ESS Tech., Inc. (ESST)
1/5/2004 long over $17.50 $19.38 (+$1.88, +10.74% move) Watch list bull flag. Toni
Microchop Tech. Inc. (MCHP) 1/5/2004 long over $34.13 $34.88. Trailing stops on 1/13/2004 under $34.14 Weekly bull flag. Treated with tight trailing stops due to slow follow through and weaker performance. Toni.
FARO Technologies, Inc. (FARO) 1/05/2004 long over $26.35 $34.94 (+$8.59, +32.64% move) Target hit. Given by Toni.
Affiliated Computer Services, Inc. (ACS) 12/04/2003 long over $50.50 $57.96 (+$7.46, +14.77% move) Trailing stops on remaining shares under $48 for long term holders. (Toni)
Snap-On In. (SNA)
12/11/2003 or 12/18/2003 long over $31 $34.13 (+$3.13, +10.10% move) Watch list stock. Toni. Phoenix.
Royal Dutch Petrol (RD) 12/08/2003 long over $46.65 $54.00 (+$7.35, +15.76% move) hit on 1/6/2004 Remaining closed with a trailing stop. Given by Toni.
Krispy Kreme Doughnuts, Inc. (KKD) 11/17/2003 short under $41.72 (or using intraday setups to lower risk $36.02 ($4.70, +13.66%). Partials before earnings. Swingtrade closed before earnings (ahead of Nov. 21, 2003). Given by Brandon & Toni. Target zone was $37, which hit on 12/12/2003.
DENTSPLY International Inc. (XRAY) 11/14/2003 short under $43.65 ($44.00 if using an intraday setup) $41.85 (+$1.80, +4.3% move), $45.23 (-$1.58, -3.78% move partials position trade Given by Toni. Swingtraders were able to take some gains and position traders partials, but they stopped out of the rest.
ChevronTexaco Corporation (CVX) 11/13/2003 long over $75 $87.64 (+$12.64, +16.85% move) Remaining closed with a trailing stop. Given by Toni.
Amazon.com (AMZN) 11/10/2003 short under $54 $47 (+$7, +12.96% move) Toni watch stock. Swingtraders closed on Nov. 18th.
Priceline.com Inc. (PCLN) 10/20/2003 short under $30.25 $16.12 (+$14.13, +46.71% move) Toni watch stock.
Biomet, Inc. (BMET) 10/20/2003 long above $33.97 $38.02 (+$4.02, +11.92% move) Toni watch stock.
Baxter International, Inc. (BAX) 10/22/2003 short under $28.88 $26.21 (+$2.67, +9.25% move) Toni watch stock.
CenturyTel, Inc. (CTL) 10/09/2003 long over $35.85 $32.75 (-$3.10, -8.6% move) It reached a high of $36.76 (+$0.91, +2.5%). Stop moved to under $32.75 and hit.
Nextel Communications (NXTP) 10/1/2003 long over $8.06 $13.05 (+$4.99, +61.91% move) Toni watch stock.
Nextel Communications (NXTL) 9/23/2003 long over $20.29 $29.37 (+$9.08, 44.75% move) Toni watch stock.
Schlumberger Limited (SLB) 8/20/2003 long over $48.61 $52.10 (+$3.49, +7.18% move) Trailing stop moved to under $48 on remaining shares (Toni).
Verizon (VZ) 8/25/2003 short under $35 $31.10 (+$3.90, 11.14% move) Given by Toni.
McKesson Corporation (MCK) 9/15/2003 long over $34.50 for the daily setup and early entry on a weekly setup and over $35 on the weekly $36.27 (+$1.77, +5.13% move) A daily setup stop was under $33.88, or under $31.60 for a position trade.  Closed as a swingtrade near highs. Given by Toni.
Lowe's Companies, Inc. (LOW) 9/29/2003 short under $52.40 $50.68 (+$1.74, 3.28% move) Treated more as a swingtrade with position trade potential. Given by Brandon. Note: In the room stops were adjusted quickly as noted in the prior Position Trader and it was followed as a swingtrade with partials taken near lows on 9/30 and trailing stops hit on the rest.
IVAX Corporation (Amex - IVX) 8/11/2003 long at $18.27 (over $18.20) $20.74 (+$2.47, +13.52% move) Trailing stop under $18.75 hit on remaining shares. Given by Toni.
Chubb Corporation (CB) 7/28/2003 long above $61 $69.29 (+$8.29, +13.59%) Remaining shares closed by trailing stop. Given by Toni.
American Power Conversion Corporation (APCC) 6/23/2003 long above $17.40 $27.42 (+$10.02, +57.59% move) Position by Brandon. 1/9/2004 initial trailing stops.
WebMD Corporation (HLTH) 5/2/2003 long above $10.00 $12.49 (+$2.49, +24.9%) Position by Brandon.
SPY 8/4/2003 short under $98.25 stop loss over $101 (-$2.75, -2.78%) hit Position by Brandon. Room traders had stops over $102 with an entry at $99.25.
Clear Channel Communications Inc. (CCU) 5/12/2003 long above $40.30 $43.50 (+$3.20, +7.94%) Target was $50-55 but hit its trailing stop on the rest of the position first. (Toni)
Icos Corporation (ICOS) 7/8/2003 long above $40 $44.26 (+$4.26, +10.65%) Entry was higher risk (Brandon)
Apartment Investment and Management Company (AIV) 5/12/2003 short under $36.18 (or $35 for more conservative entry) adjusted stop under $37 (-0.82, -2.27%) had reached lows of $33.68 (+$2.50, +6.91%) but stopped with a trailing stop (Toni)
The Gap, Inc. (GPS) 4/29/2003 long above $16.75 $19.63 (+$2.88, +17.19%) Initial target was $18.50.
Western Digital Corp. (WDC) 3/25/2003 long above $8.20 $13.05 on 6/6/03 (+$4.85 , +59.15%) Objective hit. (Toni)
The Allstate Corporation (ALL) 10/16/2003 long over $40 $63.22 (+$23.22, +58.05% move) Closed July/Aug 2005 with a trailing stop. - Toni
Semi-Conductors Holders Trust (SMH) 1/13/2002 long above $26 stop under $24.25 (-$1.75, -6.73%) Given by Brandon.
Apollo Group, Inc. (APOL) 1/6/2003 long above $45.83 $57.91 (+$12.08, +26.36%) Given by Brandon.
CV Therapeutics, Inc. (CVTX) 12/30/2002 Short, bear flag under $18.60 $15.73 (+$2.87, +15.43%) lower risk setup on 1/23 under $19.50 (+$3.77, +19.33%), Given by Toni.
General Dynamics (GD) 12/16/2002 Short , Avalanche under $77.20 $50.00 (+$27.50, +35.23%) Partials were protected around $60, Given by 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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