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March 23, 2009 
 

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Earnings Preview:
Names expected to report this week include:

Monday, March 23, 2009
Before: PRSC, TIF, WAG (?)
During: -
After: FMCN, PVH, RUBO, SONC, TTGT

Tuesday, March 24, 2009
Before: CCL, CMC, HLCS (?), MKC, WSM
During: -
After: JBL, RBN

Wednesday, March 25, 2009
Before: ADES, DSW, SOLF, SNSS (?)
During: -
After: CTRN, CKR, PAYX, RHT, SAI

Thursday, March 26, 2009
Before: ALDN (?), BBY, CAG, CONN, DPS, FRED, FREE (?), FUQI (?), GME, LEN (?), MOV (?), SCHL, TXI, UTIW, VIP (?), WTSLA
During: -
After: ACN, CHINA (?), ERJ, EXM (?), HLYS (?), LULU, PEIX (?), FACE, SMOD, SNX, TK (?), TIBX, XRTX (?)

Friday, March 27, 2009
Before: FINL, KBH (?)
During: -
After: -




Note: All economic numbers and earnings reports are in line with those compiled by Briefing.com. Occasionally changes will occur that are made after the posting of this column and some companies have not confirmed their time, so always double check when taking positions overnight during earnings season! (?) = Not yet confirmed at the time the list was compiled.
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NOTE: No new positions at present.




Updates on Open Positions

View 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.

Watch Stocks:
Long: DV, CUB - Both are on watch for monthly buy setups.

1/26/2009 South Jersey Inds. Inc. (SJI) triggered a watch list buy setup on 1/26/2009 over $37.12. It has highs so far of $38.60 (+$1.48, +3.99%).

1/5/2009 Applied Signal Technology, Inc. (APSG) The monthly time frame supports a stronger continuation of this new uptrend similar to the September setup in FXY. Overhead resistance levels are at $25, $33, and $40.  Support zones are $16, $13, and $10. APSG offered an initial setup on 1/5/2009 over $18.70 with highs of $21.17 (+$2.47, +13.21%).  

11/28/2008 Greenhill & Co., Inc. (GHL) triggered a buy setup on 1/27/2009 over $58.85. It has highs so far of $72.31 (+$13.46, +22.87%). 2/17/2009: Warned that it was setting up for a correction lower on the weekly time frame.

7/14/2008 Royal Gold, Inc. (RGLD) Although we missed the initial trigger on this one about two weeks ago, we still have plenty of room to catch it on smaller time frame corrections. This monthly triangle has just now begun to break higher. My target on RGLD is the $48-50 zone. June's lows will serve as support. Initial trigger on 9/11/2008 over $28.68. Secondary setup on 9/16/2008 over $32.46. Highs of $49.81 (+$21.13, 73.68% or $17.35, 53.45%). Initial target hit.
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* 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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