Daily Calls Weds. Oct. 25, 2006

As expected, every dip has been shallow, I can imagine that the pain of those short-and-hold bears are eating then alive, and we will see how much longer can they hold on. Tomorrow is FOMC decision day, even though I can hardly think reasons that the decision could add more fuel to the ongoing rally, but hey, bulls are just unstoppable right now.

1. AKAM: keep an eye on the key resistance around 52, the pre-Q report rally is on.

2. BIDU: Watch key support around MA50=83.6, 82, and then 80/79.

3. ENER: L3 on bottom, entry zone=35 -- 35.5, stop just below 35. may also consider L2 when it breaks today's high=36.78, IT=39.

4. TIE: watch key resistance near 35.

5. TXN: S1 on rebound, entry zone 31.3 (MA200)-31.8 (MA50), stop just above 32, IT=29.

6. VRTX: L2 on bottom if it spikes down towards 31.5-32.4 (MA200), stop just below 31.4, IT=35.

Post-earning List

1. AMZN: L1 when signals right. It reported Q3 in AH, beat estimates, driven shorts-covering, traded most between 37 and 38.5, with solid support at 37, 37.5, and resistance at 38.5. Key levels: 35, 37, 37.5, 38.5, 38.84 (AH and strong resistance).

2. CHRW: It has to break above 46 at the minimum to reverse the ongoing down trend. Reported Q3 in AH, beat estimates. Traded between 42.7 and 44.5. Key levels: 42.11 (today low), 42.56 (close), 42.84 (today high), MA50=44.4, 45.7, 46.7, 48.7, 50.

3. GLW: reported Q3 in AH, beat estimates. traded between 21.75 and 22.75. Key levels: 21.75 (AH low), 22.26 (day low), 22.6 (MA200), 23.14 (close), 23.28 (day high), 23.3 (MA50), 24.5.

4. ESRX: reported Q3 in AH, beat estimates, but some uncertainty of outlook; traded very volatiley between 69 and 75, close around 70.5; key levels: 65.3, 67.5 (recent low), 68.4, 69 (AH low), 72.25 (close), 75 (AH high), 75.7 (MA50), 75.9 (MA200).

5. NTRI: reported Q3 in AH, beat estimates. Traded mostly between 68 and 73, closed around 71.2, key levels: 66, 67.98 (close), 70, 73, 76 (AH high).