Monday, October 23, 2006

Daily Calls: Tuesday, Oct. 24, 2006

The bulls certainly are well and kicking as both DOW and SP500 advanced to fresh highs and NASDAQ is poised to break the potential triple top formation (2375).

1. AEOS: it is set to test the 52 wk high around 46.8.

2. AKAM: day-trading S3 on top near 49.3/52 use tight stops.

3. COST: possible day-trading S3 on top near previous high (54.35) with tight stop.

4. SNDK: watch for support zone between 45.2-47.

5. X: Watch for key resistance at 68-68.6.

6. TXN: reported Q3 in AH, beat estimates but outlook light, traded between 30.7 and 31.6 in AH. Key levels: 38.5, 30.5, 30.7 (AH low), 31.3 (MA200), 31.8 (MA50), 31.88 (close), 32.7-33.4.

7. NFLX: reported Q3 in AH, beat and raised guidence, traded mostly between 26 and 26.5, wish solid resistance around 26.6 and support around 26. Key levels: 23.08 (close), 23.9 (MA200), 26.5 (AH resistance), 28.5.

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