Daily Calls Oct. 20, 2006

Bulls are becoming invincible at this stage of game. Q3 reports from most big tech names are mixed, but overall on the positive side, yet NASDAQ has been relative weak so far this week, and the danger of triple top lingers around.

1. AAPL: S1 either when it approches 80 stop just above 80, OR when it breaks 78 with stop just above 79. The post-earning reaction was lukewarm judging by the size of the gain and the volume.

2. AKAM: CTT between MA50=45.1 and 49 use tight stops.

3. BIDU: consider S3 on top if it sparks to 90-92 due to GOOG earning in AM, stop just above 92.

4. BRCM: reported Q3 in AH, beat estimates but outlook lowered. Traded mostly between 28 and 30.3, and closed around 29.6, up from day close of 28.97. key levels: 27, 28, 28.9 (MA50), 29.6 (AH close), 30 (AH resistance), 31.5 (MA200), 32.6.

5. CHRW: watch resistance at MA40=44.6, MA200=43.8 and 46.

6. COST: watch support at MA50=51 and MA200=51.3, also at 50.

7. EBAY: I expect its first test of MA200=31.7 and 32 will be bounced off.

8. SNDK: reported Q3 in AH, beat estimates, but profit margin lowered, traded mostly between 58.6 and 52.7, and closed around 53.3 (down nearly 14%), key levels: 49, 50.3, 52, 52.7(AH low), 53.4 (MA200), 55(AH resistance), 55.6 (MA50), 57.7 (AH resistance).

9. UNH: L2 on pullback around 50, stop just below 49.5. MA50=49.6.

10. X: S3 on top, entry zone 67.9-68.5, stop just above 68.6.

11. XLNX: reported Q3 in AH, beat estimates and raised guidance, traded mostly between 25.5 and 26.4 and closed around 25.9 (gain over 8%). Key levels: 24.1 (MA200), 25-25.5(AH low and support), 26.4 (AH high), around 26.8,

12. GOOG: repored a blowout Q3 in AH, traded mostly between 445 and 461, and closed around 458 (7.5% gain), key levels: 426 (close), 438, 450 (AH support), 455 (AH support), 461 (AH high)