Tuesday, September 19, 2006

Daily Calls -- Sept. 20, 2006

Well, the bears did come out in force today, but bulls fought back hard and managed to trim more than half of the loss by the close. However, today's action triggered many bearish reversal signals. Tomorrow is a big day as FOMC will release its decision in the afternoon. As I mentioned in the weekly call, I suspect whatever it is, the FOMC decision may not provide fuels for signficant upside move at this stage, therefore, pay more attention to possible short-on-top set ups.

1. AAPL: CTT between 71.4 and 75.

@@ F

2. ADI: S1 on top when it approaches 31.5, CS=31.5, IDS=32.1

@@ B

3. AKAM: L3 on pullback when it approaches 42 or 40, MA50=39.1.

@@ C

4. BIDU: L1 on pullback when it approaches 82, CS=81.5, IDS=MA50=79.7.

@@ C

5. COST: watch for key resistance around 52.5, I expect first intra-day test will fail. If it closes above 52.5, it will test next resistance around 54.

@@ B

6. EBAY: S1 on top if there is any post-FOMC rally use 27.25 as stop.

@@ C

7. MRVL: may take a speculative short when it approaches 21 use 21.3 as stop

@@ B

8. NTAP: L1 on pullback, entry zone 34.2 to 35.

@@ C

9. NTRI: watch for possible resuming of upside when it breaks 60.2., but IT only around 62.

@@ A

10. RIMM: L3 on pullback use 83 as stop references, IT=88

@@ C

11. SBUX: watch for key resistance zone between 35-35.5

@@ C

12. SNDK: CTT between 56.5 and 61??

@@ C

13. SONS: L1 on pullbacks when it approaches 5.05, CS=4.98, IDS=4.7, looks like it is breaking out.

@@ A

14. URBN: looks like it is ready to have another leg up, watch key support around 16.75, MA50=16.2.

@@ B

15. YHOO: S1 on to when it approaches 26.6, CS=IDS=27.

1 comment:

Smartcalls said...

Hi man,

XRTR has had high volumes for 4 days. A possible shoot-up is coming?


Good luck with trading tomorrow.