Thursday, November 30, 2006

Daily Calls Friday Dec. 1, 2006

The bulls was smelling another victory after grinding out the bears all day long, then, in the last 30 min, all the sudden, sellers came out in force and erased all the gains. Overall volumes were a bit higher than the previous 2 days, and I sense a lot of churning going on today. The market is at a critical point, basically, if it heads down tomorrow, it may start another leg down. One notable thing is that the top for the retailer sector got another confirmation today. Active short-the-rebound of this sector should be considered in the coming days.

1. AAPL: DT-CTT between 89.5 and 93. I sense the distribution is going on here, maybe all good news are already priced in. If it breaks 89.5 on strong volume, a DT-short position should be considered.

2. AEOS: SW-S1 on top, entry zone 45.7-46.5, stop just above 47, IT=43.

3. ANF: CTT between MA200=64.8 and 69/70 use tight stops, bias on short side.

4. BIDU: DT-L1 on pullback when it approaches key support levels: 103, 106, 109, 110.5, 112, 114. Its high at 117.16.

5. BRCM: DT-L3 if it spikes towards 31.5, stop just below 31.2. Both MA50 and MA200 converge around 31.5.

6. DVN: DT-L1 on pullbacks, entry zone 71.5-72.21, stop just below 71.5.

7. LRCX: DT-L2 if it spikes towards MA50=50, stop just below 50, IT=51.5

8. SONS: CTT between 6 and 6.4 use tight stops, bias on the long side.

9. TIBX: S2 on top, entry zone 9.41-9.69, stop just above 9.7.

10. WLT: DT-CTT between 46.5 and 49.6 (MA200) use tight stops.


4.

Wednesday, November 29, 2006

Daily Calls Thursday Nov. 30, 2006

The bulls came out in full force today, and recovered about 50-60 % of this Monday's loss. It is obvious that the primary trend is still intact. The question now is if they can make a new high in December or it is going to be a test of top before an even larger pullback. I have a neutral view on the short-term trend of the market, meaning that I will consider both DT short-on-top and long-on-bottom at key S/R levels, but I will not long on break-outs or short on break-downs.

1. AAPL: DT-CTT between 93.2 and 89.5 use very tight stops. It gapped up in the morning on yet another upgrade, but sells came out in force.

2. AEOS: reported Nov. sale in AH, traded mostly between 46.1 and 46.8, with solid buying at 46.2. If it breaks 46 tomorrow, it may test MA50 around 45.2, in which case, consider L2 on bottom when it approaches key support around 41.8, 43, 44.5. Also, consider S1 on top if it cannot break 48.

3. ANF: S2 on top if it spikes towards MA50=71.5 with a stop just above 71.7.

4. BIDU: DT-CTT between 103 and 115 use tight stops. the bias is on the long side.

5. BRCM: DT-L1 on bottom if it spikes towards 31.5 (MA50 and MA200), stop just below 31.2.

6. DVN: L1 on pullback if it spikes towards 71.4, stop just below 71.

7. ERTS: DT-CTT between 55.5 and 58.2 use tight stops.

8. LRCX: DT-L1 on bottom if it spikes towards 50, stop just below MA50=49.9.

9. RACK: DT-L3 on bottom if it spikes towards MA50=32.2, stop just below 32.

10. SONS: DT-CTT between 6 and 6.4 use tight stops, bias is on the long side.

11. TIBX: SW-S1 on top, entry zone 9-9.4, stop just above 9.5, IT=MA200=8.3. Looks like it is really topped out.

12. WLT: DT-L1 on pullback, entry zone 44. 2-45, stop just below 44.

13. SNPS: reported Q3 in AH, beat the estimates and raised guidance, traded mostly between 24.8 and 25.8, with solid support around 25.25. Key levels: 23.24 (today's high and new 52 wk high), 24.7, 25.25, 25.8 (AH high).

Tuesday, November 28, 2006

Daily Calls, Weds Nov. 29, 2006

The bulls held the line today, and pretty much just that. Overall volume was a bit higher than yesterday. The fact that bulls failed to recoup a significant part of yesterday's big loss could spell trouble for them, as the another leg-down scenario remains very much possible. For the trading strategy of next few days, I would like to actively seek short-on-top setup with stops just above their Monday's high, on the other hand, long-on-bottom for the very strong stocks pulling back near major support levels can also be considered.

1. AAPL: DT-CTT between 89.5 and 93.2 use tight stops, bias is on the long side.

2. ADBE: DT-L2 on bottom if it spikes towards 38.8, stop just below MA50=38.5

3. AEOS: DT-S1 on top, entry zone 46.6-47.2, stop just above 47.5, IT=MA50=45.2. It suffered a mini technical breaking-down today, keep close eyes on it tomorrow morning, and be ready to take a position when the opening signals are right.

4. AKAM: DT-L2 on bottom, entry zone 45-46.1, stop just below 45. It closed around MA50 today.

5. BIDU: DT-L2 on bottom, entry zone 103-106, IT=110.

6. BRCM: DT-L1 on bottom if it spikes towards 31.5, stop just below 31.2. MA200=31.6, MA50=31.4.

7. CHAP: DT-L2 on bottom, entry zone 42.8-43.2, stop just below 42.8.

8. ERTS: DT-CTT between 55.5 and 58.5 use tight stops.

9. ESRX: DT-L2 on bottom, entry zone 67.51-68, stop just below 67.3, IT=MA50=69.4.

10. FFIV: DT-L1 on bottom if it spikes towards 71, stop just below 70.5.

11. LRCX: DT-L1 on bottom if it spikes towards 50/51.7, use tight stops. MA50=49.7.

12. SONS: L1 on bottom, entry zone 6.16-6.26, stop just below 6.1, IT=6.5.

13. RACK: DT-L1 on bottom if it spikes towards MA50=32.1, stop just below 32.

14. X: DT-L2 on bottom if it spikes towards 70.4, stop just below 70.

15. FMCN: DT-L2 on bottom, entry zone 69-69.5, stop just below 69.

16. ENER: will the support around 35 hold up?

Monday, November 27, 2006

Daily Calls Nov. 28, Tuesday 2006

The party for the bulls was interrupted violently today as the major indices fell hard led by NASDAQ with around 2% loss. The market breath was unmistakably bearish as winning issues beat losing issue by over 4:1, and the volume ratio was much worse. However, the overall volume for both NASDAQ and DOW was a bit light, especially consider the size of the decline. This suggests that the big boys are not in the hurry to sell (are they holding until the month-end window dressing is over?). Huge, bearish-engulfing black candles are almost everywhere, highlight the ubiquitous top-reversal formation. However, the bulls are unlikely to disappear after one rough session, as a matter of a fact, I suspect that the market may rebound if there is no follow-through of today's big drop.

I decided not to initiate any over night short positions near the end of the session despite of overwhelming bearish signals. For a market of this bullish for so long, there will be some rebound and re-test of the top before the ultimate reversal.

For tomorrow, I may consider some DT-long plays if (1). the market gaps down at the open and (2). the stocks being considered spike down towards their critical support level (stop just below those levels). However, I will be nimble when taking profits. On the other hand, if market rebounds tomorrow, I will actively search for short-on-top setups.

1. AAPL: DT-L1 on bottom if it spikes towards 87 using a tight stop, IT=90

2. ADBE: DT-L1 on bottom if it spikes towards 38.8, stop just below MA50=38.5.

3. AKAM: DT-L2 on bottom, entry zone 45-46.1, stop just below 45. It closed around MA50 today.

4. BIDU: DT-L2 on bottom if it spikes towards 100, stop just below 99.5, IT=109.

5. CHAP: DT-L2 on bottom, entry zone 42.8-43.2, stop just below 42.8.

6. DVN: DT-L2 on bottom, entry zone 67.3-68.1, stop just below 67. MA50=67.2.

7. ERTS: DT-L3 on bottom if it spikes towards 55, stop just below 55, MA50=55.8, good support around 55.4.

8. FFIV: DT-L1 on bottom if it spikes towards 71, stop just below 70.5.

9. FMCN: DT-L1 on bottom if it spikes towards 64.5, stop just below 64.5, IT=67.

10. LRCX: DT-L1 on bottom if it spikes towards 50/51.7, use tight stops. MA50=49.7.

11. RACK: DT-L1 on bottom if it spikes towards MA50=32.1, stop just below 32.

12. SONS: DT-L1 on bottom if it spikes towards 6/6.1 use very tight stops.

13. X: DT-L2 on bottom if it spikes towards 70.4, stop just below 70.

Saturday, November 25, 2006

Weekly Calls, Nov. 27 -- Dec. 1, 2006

On last week's trading calls:

For the 3rd straight week, there was basically no A calls (weekly and daily). The daily calls were good as there was no losing call, but the weekly calls were sub-par (3 F calls out of 17 calls).

On the market:

Both DOW and SP500 were down slightly while NASDAQ registered another winning week. On the weekly charts, all major indices seem to be poised for more gains or at least NOT appear in danger of imminent sizable pullbacks. The daily charts, however, show signs of top-reversal, especially for DOW and SP500.

On next week:

After 4 months of big rally and 9 straight sessions of new highs (before this past Friday), the market is way over-due for a technical pullback. The persistent and overwhelming bullish sentiment also suggest upcoming bearish action from a contrarian’s point of view. In addition, more news and signs are suggesting that the US economy may be weaker than expected. All of these factors favor a pullback coming as early as next week.

Due to the seasonality, the pullback could be limited, but on the other hand, the lack of any consolidatoin on their ways up in the past 3 week mean that the market could fall quite a bit before they meet the support levels (NASDAQ around 2375, DOW around 12100, SP500 around 1380).

For next week, swing longs should be avoided unless they are initiated at key support levels following a sizable pullback. On the other hand, swing shorts with excellent risk/reward ratios should be actively sought.

On next Monday (Nov. 27) action:

I expect the action on next Monday will set the tone for the rest of the week. The general plan for Monday will be: (1). if the market gaps up, be ready to fade the gap, or more safely, initiate short positions once the market/stocks fall below the opening prices; (2) if the market gaps down, don't chase them down right away, instead, wait at least 30 - 60 min to see if the gap holds firmly. In the second scenario, which is more likely as WalMart's Saturday report suggests a weaker holiday season, consider entering swing-short-positions near 4 pm in stocks that display solidly bearish candles and technicals. One thing needs to be particularly careful about is going long in the early stage of market pullback as one never know the size of the pullback.

1. AAPL: DT-L2 on pullback when it spikes down towards support levels around 82.5, 84.5, 87, use tight stops. DT-S3 on top may be considered using 93.1 as stop. The bias is on the long side.

2. AEOS: SW-S2 if it breaks down 46.9 with volume or closes below that with a bearish candle, IT=MA50=45, stop just above 48.

3. AKAM: CTT between 45.5 and 52, don't trade the mid-range. Notable support zone between MA50=47.5 and 48.

4. ANF: SW-S1 on top, entry zone 71-74, stop just above 74, IT=MA200=64.6. Notable support zone from 68.9-69.7. It appears to be topped out in near-term.

5. BRCM: SW-L1 on bottom if it spikes down towards 31, stop just below 31, MA50=31.2, MA200=31.6.

6. CEPH: SW-S1 on top, entry zone 75-76.5, stop just above 78.4, IT around 69. MA50=69.4.

7. DVN: CTT between MA50=67.1 and 72 use tight stops. the bias is on the long side.

8. ENER: S2 on top if it spikes towards 40, stop just above 40.5, IT=37.2 (both MA50 and MA200).

9. FMCN: DT-CTT between 66 and 70.5 use tight stops.

10. LRCX: DT-L2 on bottom if it spikes towards 51.7, stop just below 51.5.

11. SONS: SW-L1 on bottom, entry zone 5.71-5.9, IT=6.5. DT-L1 on bottom, entry zone 6.01-6.03, stop just below 6. May also consider DT-S1 on top if it spikes towards 6.4/6.5 use very tight stops.

12. TXN: SW-S1 on top, entry zone 30.2-31, CS=30.6 (MA50), IDS=31 (MA200), IT=28.5.

13. WLT: SW-S1 on top, entry zone 44-44.6 (MA50), stop just above MA50, IT=41.

14. X: DT-CTT between 70 and 76.2 use very tight stops, don't trade the mid range.

Wednesday, November 22, 2006

Daily Calls -- Friday Nov. 24, 2006

The winning streaks continues as the major indices rose for nine straight sessions, and it could continue on the day after Thanksgiving. However, a technical pullback is inevitable and probably will come as early as next Monday. I have seen a couple of guru articles talking about short the gap-up on next Monday, if there is one. I think while it is time now to plan some short set-ups in anticipating the pullback, it is important to scrutiny any of such set-ups in such a way that you rather miss a possible opportunity than get into one that is not ripe yet. I will be looking at two types of short candidates: the first type (Type 1) are the weak stocks with a primary down or flat trend (6 month charts) but rose in recent weeks along with the major indicies; the second type (Type 2) are strong stocks which have risen too much and too fast lately. This Friday might be a good time to scale in any good setups.

1. ADI: Type 1; SW-S2 on top, entry zone 33.7-34, stop just above 34.3, IT=31. Try to get a risk/reward ratio at 1:8 or better.

2. ENER: SW-L2, entry zone 37.1-37.5, stop just below 37, IT=40.

3. MRVL: Type 1, SW-S3 on top, entry zone 20.8-21.3 (MA200), CS=21.35, IDS=21.5, IT=18.7 (MA50). However, consider go long if it breaks and closes above 21.3 with a bullish candle.

4. SNDK: Type 1. SW-S2 on top, entry zone 48.7-49.4, stop just above 49.5, IT=45.5.

5. SONS: Type 2. DT-S1 on top if it spikes towards 6.4/6.5 in AM, stop just above 6.4/6.5, IT=6. Sells started showing up today.

6. WLT: SW-S2 on top, entry zone: 43-44.25, IDS=44.7, IT=41.

7. TXN: Type 1, SW-S2 on top, entry zone 30.2 - 31, IDS=31 (MA200), CS=30.7 (MA50), IT=28.5. Try to get a risk/reward ratio 1:4 or better.

8. YHOO: DT-L1, entry zone 28-28.5, stop just below 27.6, IT=29.3 (MA200).

9. FMCN: DT-L2 on pullback, entry zone 66.8-67.51, stop just below 66.8, IT=70.

Tuesday, November 21, 2006

Daily Calls -- Weds, Nov. 22, 2006

Another up day, what's new? I expect market to drift higher for tomorrow and Friday. At this stage, swing long obviously is not attractive, swing short is suicidal, and that leaves me with day-trading long or short, and DT-L is clearly safer, but somehow I feel more difficult to do.

1. ADI: S1 on top, entry zone 33.3-34, stop just above 34.3, IT=32. MA200=32.9, MA50=31.5. This is probably the only stock on my list that may be a SW-S candidate, it has clearly under performed the chip sector and NASDAQ. If the market falls next week, I think it can easily test 31.

2. AKAM: consider S2 on top if it spikes towards 52 in AM, stop just above 52.

3. ANF: in the spirit of black friday, L1 on bottom if it spikes towards 69, with stop just below 69, IT=MA50=71.9.

4. CEPH: L2 on bottom if it spike towards 69 (MA50), stop just below 68.8,

5. DVN: L1 on bottom, entry zone1=69.5-70.3, stop just below 69.5, entry zone2=66.8 (MA50)-67.5, stop just below MA50.

6. ENER: keep eye on it for reversal signals, if any, a break down below 35 will change the short-term trend.

7. LRCX: in the spirit of ongoing bullishness, L2 on bottom if it spikes towards 54, with stop just below 54.

8. MRVL: L2 on bottom, entry zone 19-19.51, stop just below 18.8.

9. SNDK: CTT between 46.2 and 49.5.

10. SONS: DT-L1 if it spikes towards 5.95, stop below 5.9.

11. DELL: reported Q3 in AH, beat estimates, traded mostly between 26.7 and 27.6, key levels: 26.1 (recent high), 26.7 (AH support), 27.6 (AH high), around 29.

Monday, November 20, 2006

Daily Calls, Tuesday, Nov. 21, 2006

The market certainly acts like invincible, the sizeable losses in oversea markets did not do much at all. The chip sector was particularly strong, whick made a new 6 month high and probably responsible for the NASDAQ gain. It appears that shorting chip stocks will be a very risky thing to do for the next few days.

1. AEOS: S2 on top only if it spikes towards its 52 wk high around 49.5 use a tight stop. It continues to out-perform the sector.

2. AKAM: S2 on top only if it spikes towards 52 with stop just above 52.

3. BRCM: may consider speculative S3 on top, entry zone 39-40, stop just above 40, it rises too much in too short time period.

4. CHAP: CTT between 43 and 47 use tight stops, don't trade mid-range.

5. MRVL: L1 on pullback, entry zone 20.11-20.51, stop just below 20. MA200-21.3.

6. SNDK: CTT between 47.8 and MA50=50.8/MA200=52.2.

7. SONS: will it finally break 6?? L2 on dip if it spikes towards 5.5, stop just below 5.5, IT=6.

8. X: CTT between 70.4 and 76 use tight stops, don't trade mid-range, looks like the rumor is running out of steam here.

Earning play:

1. FMCN: reported Q3 in AH, beat estimates and upped guidance, traded between 61.6 and 64.6, but mostly between 62.8 and 64. Key levels: 58.3 (MA200), 59.86 (close), around 60.1, 62.35 (day high), 62.8 (AH support), 64 (AH resistance), 64.6 (AH high), from 66-67.5.

Saturday, November 18, 2006

Weekly Calls Nov. 20-24, 2006

On last week's trading calls and executions:

The W/L ratio of last week's daily trading calls was a wopping 11:1, while the weekly calls was 4:5. Once again, the daily calls were much better than the weekly calls, reflecting the fact that my assessment on short-term market trend has mostly been incorrect. My execution on the first two days were terrible, as I failed to take quick/small profits of short trades and allowed them to turn into losses as market jumped. However, I was able to quickly put a stop to the losing streak, surpressed usual post-big-loss aggressiveness, and stayed calm and disciplined. The week ended with a big-gain on the Friday and put the week back into the W column.

The lessons I learnt this weeks are: (1) I should make serious effort to trade along the overall trend of the market, follow the technicals not some kind of ahead-of-its-time ideas; (2) if I have to trade against the market trend, I got to be very patient for the safest setup (excellent risk/reward ratio), and I got to be quick when taking profits.

On the market:

All major indices scored a big winning week and closed solidly above the 5-week trading range. On the weekly charts, the candle formation is very bullish for all indices, while there are a few technical indicators showing mild bearish divergences. The same thing can be said about the daily charts.

On next week:

The market continues to rise and every dip has been bought strongly. I expect this primary trend will continue next week. The trading volume is likely to decrease significantly due to the Thanksgiving holiday, the light volume normally favors primary trend and key S/R levels. Considering these facts, the overall guidelines for next week's trading are: (1) try to avoid short trades (2) buy dips of strong up trend stock near key support levels; (3) avoid swing trades.

Weekly Calls:

1. AAPL: L1 on pullback if it approaches 82.6/84 use tight stop. No shorting!

2. ADSK: S2 on top if it spikes towards 42, stop just above 42. L2 on pullback, entry zone 38.3-39, stop at 37.3.

3. AEOS: S1 on top, entry zone 47.8-48.4, stop just above 48.5. If it breaks 46.9, consider L2 when it approaches MA50=44.5.

4. AKAM: CTT between 47.8 and 52, MA50=47. another key support around 45.5 and resistance around 50. Don't trade mid-range.

5. AKS: S1 on top if it spikes towards 15.5, stop just above 15.5, IT=14.

6. ANF: S1 on top, entry zone 73.5-74.5, stop just above 75. support around 65 and 69. It looks toped out.

5. ANN: S1 on any rebound, entry zone 37-38.6 (MA200), stop just above 39. It suffered a technical breaking-down following the Q3 report, first support zone 34.5-35.5.

6. BIDU: L1 if it spikes down towards 100, stop just below 99, however, consider a speculative S3 if it spikes towards 120 with a IT=106.

7. CHAP: consider a speculative S3 (strictly DT) in range 46-50, IT=42.8. The steel sector has been very volatile and lately driven by those buy-out rumors, which I think will fade for most of them. Similar situation for AKS, OS, X.

8. COH: CTT between 40 and 42.7 use very tight stops. It has bucked the retail sector down trend of late so far, but I wonder how long can it swim against the tide, it seems to me that a speculative short just below 43 offers a pretty good risk/reward ratio. Be very patient about the setup.

9. DITC: S1 on rebound, entry zone 7.48-7.6, CS=7.72, IDS=7.8. The latest earing report drove it to fresh 52 wk low, if the market turns sour, this thing could test $6 soon.

10. DVN: DT-CTT between 65.5 and 71.4 use tight stops, MA50=66.5. Bias is on the long side.

11. ENER: L1 on bottom if it spikes towards 37, stop just below 37, IT=40. MA50=37.1, MA200=37.2

12. ESRX: CTT between 63.5 and 74 (MA200) use tight stops.

13. FNM: SW-S1 on top, entry zone 58.6-60.5, stop just above 62.4, IT=55. Strong support around MA50=57.2. The 3-month up trend seems topped out, but how much downside is there?

14. LRCX: L1 on bottom if it spikes down towards 52, stop just below 51.6.

13. NVDA: L1 on bottom if it spikes down towards 34.5, MA50=32.

14. OS: consider a speculative S3 on top in the range of 60-62, IT=55.

15. SHLD: S2 on top, entry zone 173.5-176.5, stop just above 180, IT=MA50=167.8.

16. SNDK: L3 on bottom if it spikes down towards 45.5, stop just below 45., IT=50.

17. X: keep a close eye on its movement, be extremely careful about intra-day speculative short-on-top action, L1 on bottom if it spikes towards 68, stop just below 68.

Thursday, November 16, 2006

Daily Calls -- Friday, Nov. 16, 2006

The fifth straight up day for major indices, and it feels that the only direction market can go is up up and up. It is pretty clear that market is yet to top out, therefore, trading accordingly.

1. AEOS: S1 on top, entry zone 47.9-48.4, stop just above 48.5; OR when it breaks 46.9. The retail sector is topping out, but the sinking crude price may keep it from any sizeable decline anytime soon.

2. AKAM: DT-S1 on top if it spikes towards 50.5 use tight stop, IT=48.

3. AKS: S1 on top, entry zone 14.2-14.5, stop just above 15, IT=13.

4. BIDU: consider speculative S3 around 111, IT=104.

5. CHAP: S1 on rebounds, entry zone 41.5-42.5, stop just above 43. It=39.3

6. DVN: L2 on pullback, entry zone 66.3 (MA50) - 68, stop just below 66, IT=70.

7. LRCX: DT-L2 if it spikes down towards 52, stop just below 51.7., IT=55.

8. OS: S1 on rebound, entry zone 57-58.5, stop just above 59, IT=55.

9. UNH: CTT almost ready, S1 on top if it spikes towards 48.8/50.1 use tight stops.

10. X: S1 on top, entry zone 65-66.5, stop just above 67, IT=60.6 (MA200).

Earning play:

1. ADSK: reported Q3 in AH, beat, traded mostly between 38.3 and 39.7, with solid resistance around 39, closed around 39.1. Key levels: 36 (MA200), 37 (close), 37.4 (recent highs), 38.7 (AH support), 39.7 (AH resistance).

2. HPQ: reported Q3 in AH, beat the estimates, but did not raise outlook, traded as high as 41.1, but then sliding steadily and closed around 39.8. Key levels: 38 (MA50), around 39.1, around 39.7, 40.13 (close), 40.4 (AH resistance) 40.85 (recent new high), 41.1 (AH high).

3. SBUX: reported Q3 in AH, met estimates, but cost and profit margin were disappointing, traded mostly between 36.9 and 37.7, and closed around 37.2. Key levels: 34.5 IMA200), 36, 36.6 (MA50), 36.9 (AH low), 37.7 (AH resistance), 38, 39.43 (close), 40.01 (day and recent Hi).

Wednesday, November 15, 2006

Daily calls -- Thursday Nov. 16, 2006

Another up day, and bulls are apparently invincible, but what is it left that continues to full the rally? I feel that the bull market is entering its final stage during which it will rise on any news until all the bulls are bought in and most bears have given up.

1. AAPL: DT-CTT between 82.6 and 85 use tight stops. DT's bias is on the short side.

2. AEOS: DT-S1 on top, entry zone 48.2-48.5, stop just above 49.

3. AKAM: DT-CTT between 45.5/46.8 (MA50) and 50 use tight stops.

4. ANF: S1 on top if it spikes towards 74, stop just bove 74.5, however, also consider DT-L1 on bottom if it spikes down towards 69 use a tight stop.

5. BIDU: DT-S2 on top if it spikes towards 106 use a tight stop.

6. CHAP: DT-S3 on top, entry zone 42.9-43.2, CS=43.3.

7. ESRX: DT-CTT between 67.5 and 74.1 (MA200) use tight stops.

8. OS: speculative S3 on top, entry zone 59-60, stop just above 60, IT=55.

9. PEIX: DT-L1 on bottom if it spikes down towards 18.5, stop just below 18.3, IT=20.

10. SNDK: DT-S2 on top if it spikes towards 47.8/48.8 use tight stops.

11. TXN: S1 on top if it spikes towards MA200=31, stop just above 31, MA50=30.8.

12. UNH: S1 on top if it spikes towards MA50=48.9 or MA200=50.1 use tight stops.

13. ENER: SW-S1 on top, entry zone 39.7-40.2, stop just above 40.5, IT=37.

Earning Plays:

1. NTAP: reported Q3 in AH, traded mostly between 37.6-38.5, key levels: 35.4, 36, 36.3 (MA50), 37.68 (day low), 38 (close), 38.5 (AH and day high), 39.73 (recent high).

2. CRM: reported Q3 in AH. Traded mostly between 40.1 and 42.4 in light volume, key levels: around 37.7, 38.6 , around 39.7, around 42, 42.39 (close), 44 (day high), 44.58 (recent high).

Tuesday, November 14, 2006

Daily calls Nov. 15, 2006

The sudden and sizeable jump in all major indices late this afternoon completely surprised me, which obviously indicates that my assessment of the short-term market movement is flawed. Even if it is largely a technical move after SP500 broke into new high, the lack of selling shows the strength of the bulls. I need to learn how to take the advantage of the current trend, fighting against this trend at any level, shape or scale becomes a very risky business.

1. AEOS: DT-L1 if it spikes down towards 47, stop around 46.8. However, consider building short position on top in the range between 48 and 50 with a stop just above 50.

2. BIDU: DT-L2 if it spikes down towards 98.5, stop just below 98.

3. CHAP: SW-S1 on top, entry zone 42-43, stop around 43.3.

4. ERTS: DT-CTT between 57 and 58.8 use tight stops.

5. ESRX: DT-S1 on top around MA50=70.1 or MA200=74.2 use tight stops.

6. FFIV: DT-S1 on top, entry zone 73-74, stop just above 74, IT=69.6.

7. LRCX: DT-L2 if it spikes down towards 53.3, stop just below 53.

8. MU: consider DT-S1 if it spikes towards MA50=15.3, MA200=15.4, stop just above 15.5, IT=14.5.

9. OS: DT-S1 if it spikes towards 59, use 59.1 as stop, IT=55.

10. SNDK: DT-S1 on top if it spikes towards 48/48.8, use very tight stops.

11. UNH: SW-S1 on top, entry zone 48-48.9 (MA50), stop just above 49.

Earning Plays:

1. ANF: reported Q3 in AH, beat the estimates, but outlook not raised, traded mostly between 72.7 to 75, and closed around 73.7, with AH resistance around 74.25. Key levels: 69, 70.82, 72 (MA50), 74.29 (day low and AH resistance), 75, 76.6 (close), 77.

2. ADI: reported Q3, profit beat, rev met, and raised guidance of current Q, traded mostly between 34.7 and 35.2. Key levels: 32.8 (MA200), 33.03 (close), 33.5, 34.7 (AH support), 35.2 (AH resistance), around 36.5.

Monday, November 13, 2006

Daily Calls -- Tues, Nov.14 2006

NASDAQ charged ahead for a new high today, while DOW and SP500 rose slightly, all on light volumes. Tomorrow's inflation report is likely to dictate the direction of the market.

1. AFFX: DT-S1 on top if it spikes towards 26.7 in the openning moments, stop just above 26.85.

2. ANF: DT-S1 on top if it spikes towards 77 in AM, entry zone 76-76.8, stop just above 77., IT=73.

3. BIDU: SW-L2 on pullback, entry zone 98.5-100, stop just below 98.

4. CHAP: DT-L3 on pullback, entry zone 39-40, stop just below 39.

5. DVN: DT-L2 on pullback, entry zone 66-67.5, stop just below MA50=65.9.

6. ESRX: DT-S2 on top, entry zone 67.5-68.4, stop just above 68.5.

7. UNH: SW-S2 on top, entry zone 48-49, stop just above MA50=49.

Saturday, November 11, 2006

Weekly Calls, Nov. 13-17, 2006

On last week's trading calls and executions:

The W/L ratio of last week's weekly calls is the second worst (1:2) in since the beginning of Sept., which reflects the fact that I seriously under estimated the bullishness of the market for the past week. The W/L ratio of last week's daily calls, however, fared much better (3:1). There were very few A calls.

My executions were quite good considering the subpar trading calls, I was able to realize my possible flawed bearing bias and followed the technicals only when opening any positions.


On the market:

All major indices registered a solid winning week, with NASDAQ leading with an impressive weekly gain of over 2.5%. On the weekly charts, all major indices closed at new closing high, and except SP500, all made new intra-day high. The weekly candles are also bullish. On the other hand, Stochastic and MACD histogram continue to exhibit clear bearish divergence. The similar technicals are also seen on the daily charts.


On next week:

The charts indicate two simple facts: (1) the major indices are yet to reach the top; (2). the bullish momentum is decelerating. Considering such facts, the overall guidelines for next week's trading are: (1). avoid SW shorts or longs, (2). avoid chasing break-downs or break-outs, (3). open positions close the major S/R with tight stops.

1. AFFX: DT-S2 on top when it approaches 26.85, CS=26.85, IDS=MA200=27.3, IT=25.

2. AKAM: SW-L1 on bottom, entry zone 46-46.5 (MA50), stop just below 45.5. DT-CTT between 47.8 and 52 use tight stops.

3. ANF: DT-S2 on top, entry zone 76-76.8, stop just above 77.

4. BIDU: SW-L2 on bottom, entry zone 91-93, stop just below 91, IT=98.5. may also consider DT-S2 on top, entry zone 98-99, stop just above 99, IT=94.

5. BRCM: SW-L2 on bottom, entry zone 29.5-30.4, stop just below MA50=29.5, IT=33

6. CEPH: SW-L2 on bottom, entry zone 71.2-72.4, CS=71, IDS=69.9. IT=76.

7. CHAP: DT-SW-S2 on top, entry zone 42-43, stop just above 43.2, IT=MA50=38.9.

8. DVN: SW-L1 on bottom, entry zone 67-68, stop just below 67. IT=72.

9. EBAY: SW-S3, possible top formation around 33.3, entry zone 33-33.3, stop just above 33.4, IT=30.

10. ERTS: SW-DT-L2 on bottom, entry zone 57.2-58, CS=57, IDS around 56.5, IT=60.

11. ESRX: SW-S1 on top, entry zone 1=63-63.6, stop just above 64, entry zone 2=66-67.5, stop just above 68.

12. GOOG: DT-S2 on top, entry zone 479-482, stop just above 483, IT=460. It significantly under performed NASDAQ in the past week.

13. LRCX: DT-CTT between 52 and 47.2 (MA50) use tight stops.

14. NVDA: SW-L1 on bottom, entry zone 31-32, stop just below 31, IT=37. MA50=31.1.

15. PEIX: DT-S2 on top, entry zone=18.05-18.3 (MA200), stop just above 18.5, IT=16. this is a play with well defined technicals and good risk/reward ratio.

16. RHAT: SW-S2 on top, entry zone 18.6-19.9 (MA50), stop just above 20, IT=15.8. Looks like the gap may be filled on dwindling volumes.

17. SNDK: SW-S1 on top, entry zone 48-49.2, stop just above 49.5.

18. SONS: CTT between 4.41 and 5.3, don't trade the mid-range for now.

19. UNH: may consider a speculative long from 42.9-43.5, stop just below 42.9.

20. X: DT-CTT between 65 and 68.5/69.5 use tight stop. Go short if it breaks down 65.


Earning Watches:

1. ADI: will report Q3 on Tues Nov. 14 AMC, key levels: around 29.4, around 30.4, 30.9 (MA50), 32.8 (MA200).

2. CRM: will report Q2 on Thur Nov 16 AMC, key levels: 32.9 (MA200), 35-35.6, around MA50=38, 39.5-39.8, 43.65.

3. MRVL: will report Q3 on Thur Nov 16 AMC, key levels: 15.91, around 17.2, MA50=18.3, around 20.1, MA200=21.4.

4. NTAP: will report Q3 on Wed Nov 15, key levels: around 33, MA200=33.6, around 34.7, 35.5, 36.1 (MA50), 39.73.

5. SBUX: will report Q3 on Thur Nov. 16, key levels: 33, 34.3 (MA200), 36.2 (MA50), 38, 39.5.


Thursday, November 09, 2006

Daily Calls, Friday Nov. 10, 2006

The market had a solid distribution day today and it was probably not the act of bears, rather it is the bulls, yes, there are just toooo many bulls right now and they are getting edgy because it is just too crowdy. A lot of stocks on my list formed pretty bearish candle formations today, but I decided not to establish any overnight short position because the bullishness is still very strong, and there can well be some rebound in the morning tomorrow before further possible slide.

1. ADI: DT-S1 on top, entry zone 31.9-32.3, stop just above 32.5, IT=MA50=30.8.

2. AKAM: DT-S1 on top,entry zone 49-50, stop just above 50. May also consider DT-L2 on pullback if it spikes down towards MA50=46.3, stop just below 45.5.

3. BIDU: DT-CTT between 93 and 98.5 use tight stops.

4. BRCM: DT-L2 on pullback, entry zone 30.5-31.4, stop just below 30.5.

5. ERTS: consider DT-L2 at the key support levels around 56.5, 55.3 use tight stops, I expect the gap be partially filled. Also, DT-S2 on top if it spikes towards 58.7 use 59 as stop.

6. LRCX: DT-CTT between 47 (MA50) and 50.75 use tight stops.

7. MRVL: SW-S1 on top, entry zone 18.6-19, stop just above 19, IT=17.

8. MU: S1 on rebound, entry zone 17.3-14, stop just above 14.15.

9. PCLN: L2 if it spikes towards MA50=37.5 use tight stops, what happend to a stellar Q3 report???

10. SONS: L1 if it spikes toward 4.4 use a tight stop. It closed below MA200=4.8 for the first time in over 2 months.

11. SNDA: reported Q3 in AH, beat estimates, traded mostly between 16.7 and 17.4. Key levels: 15, 15.3 (MA50), 16.1 (MA200), 16.48 (close) around 16.78 (old strong resistance), 17.4 (AH high), 17.84 (6 month high).

12. NVDA: reported Q3 in AH, beat estimates, traded mostly between 35.7 and 37.3. Key levels: 34.99 (day low), 35.29 (day close), 35.7 (AH low), 36.2 (day high), 37.3 (AH high).

Wednesday, November 08, 2006

Daily Calls -- Thursday, Nov. 9, 2006

I once again was a bit surprised at the degree of bullishness in the market, especially given the gap down of this morning, this together with yesterday's market action, clearly suggest that I have under-estimated the strength of ongoing up trend. Is it time to make the amends with the market and just go long? probably not, at least in with swing trades, because I am not crazy about the risk/reward ratio for long trades at this stage of game. However, I need to be very cautious about any short-on-top setups.

1. AAPL: DT-L2 on pullback, entry zone 81.2-81.6, stop just below 81. It looks like ready to make new highs.

2. AKAM: consider DT-S2 on top when it spikes towards 52 with a stop just above 52, IT=48.

3. BOBJ: L2 on pullback, entry zone 37.7-38.2, stop just around 37.5, IT=39. risk/reward not great.

4. BRCM: L2 on pullback, entry zone 31.2-31.7, stop just below 31.

5. CHAP: DT-SW-S1, entry zone 41.7-42.6, stop at 43.2, IT=39.

6. ENER: DT-S1 on top if it spikes towards 39 in AM, stop just above 39., IT=37.

7. ERTS: DT-CTT between 56.5 and 59 use very tight stops.

8. LRCX: DT-CTT between 48 and 52 use very tight stop.

9. XRTX: L1 on pullback, entry zone around MA200=21.7, stop around 21.25.

10. CSCO: reported Q3 in AH, beat estimates and outlook also exceeded expectation, traded mostly between 25.5 and 27.7, with AH resistance around 27.4 and support around 26.9.

11. CTRP: L3 when it approach key support (MA50, MA200). reported Q3 in AH, missed earning estimates, traded lightly between 50 and 53, closed around 50.8. Key levels: 42.4, 43.4, 44.5 (MA200), 46, 48.3 (MA50), 50, 53, 53.75 (close), 56.5 (all time high).

12. PCLN: consider L1 on pullback use 41.5 as stop. Reported Q3 in AH, beat the estimates and raised guidance, traded mostly between 42.8 and 43.6, with AH high around 44.3, and closed around 43.1. Key levels: 40.4 (close), 41.49 (recent 52 wk high), 42.8 (AH support), 43.1 (AH close), 43.6 (AH resistance), 44.3 (AH high). The short interests jumped 67% last month to near 37% of the float!!!

Tuesday, November 07, 2006

Daily Calls: Nov. 8, Weds, 2006

Wow, bulls are total bullish today, I am a bit surprised that NASDAQ actually made a new intra-day high. Now, bulls better get what they wanted from the election tonight or we will see a pullback here that could get nasty.

1. AAPL: DT-S2 on top if it spikes towards 81.7 in AM, stop just above 82.6, IT=79.5

2. AEOS: DT-S3 on top if it spikes towards 47 in AM, stop just above 47.5

3. AKAM: DT-S3 on top if it spikes towards 52 in AM, stop just above 52.

4. AMD: DT-S1 on top if it spikes towards 23 in AM, stop just above MA50=23.1

5. ANF: DT-S1 on top if it spikes towards 75/77 in AM, use tight stops.

6. BRCM: DT-L1 if it spikes towards 31, stop just below 31.

7, CHAP: DT-S3 on top if it spikes towards 43 in AM, stop just above 43.2.

8. DHI: SW-S1 on top, entry zone 22.8-23.4, IDS=23.6, CS=23.4 (MA50), IT=21.

9. LRCX: DT-S3 on top if it spikes towards 52, stop just above 52.5, IT=48.5

10. MOT: SW-S1 on top, entry zone 22.5-23, stop just above 23.5. MA200=22.6.

11. OS: DT-S1 on top if it spikes towards 57, stop just above 57, IT=53.

12. SNDK: SW-S1 on top if it spikes towards 49, stop just above 49.2.

13. SONS: SW-L1 on bottom if it spikes towards 4.4/4.5, stop just below 4.4.

14. WFMI: DT-S1 on top if it spikes towards 48.5, stop just above 48.5.

15. X: DT-S1 on top if it spikes towards 68.5/70, use tight stops.

16. ERTS: DT-S2 on top, entry zone 58.8-59.5, stop just above 60, IT=57.5.

Monday, November 06, 2006

Daily Calls, Tuesday Nov. 7, 2006

All major indices posted strong gains today on relatively light volumes. I kind of expected a pop given the current short-term oversold conditions, however, the strength exceeded my expectation. Tomorrow is the mid-term election day, and already, there are chats all over the Web about the "post-election" rally, which sounds quite fishy to me. My guess is that the market may rise a bit more if the GOP does not lose as badly as some fear. But in any case, let's respect the charts, which right now suggests that further gains in next day or two is likely.

1. AAPL: DT-S2 when it approaches resistances around 80 or 81.8 using tight stops, IT=79.5. It under-performed NASDAQ and could not stay above the key 80 level for even a couple of minutes, but the support at 79.5 was good enough for today.

2. ANF: DT or SW-S1 on top if it spikes towards 75 in AM, stop just above 75, IT=MA50=71.4.

3. AKAM: DT-S2 on top if it spikes towards 50 in AM, stop just above 50, IT=MA50=46.

4. CEPH: L1 on pullback, entry zone 70.5-71.3, stop just below 70.5.

5. CHAP: DT-S2 on top, entry zone 41.8-42.6, IDS=43.2, CS=42.1, IT=39.5. (shorted today @41.68, covered @41.31).

6. CRM: currently short @ 41.89, stop around 42.3, IT around 40. Probably got in too early.

7. FFIV: consider DT-S2 on top if it spikes towards 67.2, stop just above 67.4, It=64.

8. LRCX: DT-S2 on top if it spikes towards 50.75/51.4, use tight stops.

9. STP: DT-L1 when it breaks 25.5, IT=26.2 (MA50), stop around 24.8.

10. X: considering a speculative SW S3, entry zone 68.4-69.2, just above 70 or 70.38 (recent high), It=65.

11. SONS: Consider CTT between 4.5/4.8 and 5.5/5.7. Reported Q3 in AH, beat estimates by a lot, but once again delayed report due to ongoing option review. Traded as low as 5.05 and as high as 5.45 in AH, but mostly between 5.1-5.3. My take is it should stay above MA200=4.8 as it had a very strong Q3, but it probably won't break resistance zone between 5.5-5.7 because its prolonged account mess and possible delisting in the near future..

12. NTES: reported Q3 in AH, beat the estimates. traded mostly between 17 and 17.9. Key levels: 16, 16.32 (close), 16.9 (MA50), 18.3 (MA200), around 19.1. Probably a lot of shorting in AH as Ameritrade does not have any shares for short.

13. most of other stocks on the list may still follow the weekly calls.

Saturday, November 04, 2006

Weekly Calls, Nov. 6-10, 2006

On last week's trading calls and executions:

For the second straight week, there is no F calls for both daily and weekly calls, and there are only 3 E calls. The W/L ratios continue to improve, especially the weekly calls where the A and B calls accounted for 30 and 20 % of total calls respectively. If such trend continues, I should seriously implement short swing trades based on weekly calls.

My executions, while still seriously lagging, have been improved in the past week. I feel especially positive that I was able to curtain fears and allowed some winning positions to run a bit more that I normally would allow. However, there were several cases where my setups came to me in the opening moments but I failed to pull the triggers and missed those very profitable opportunities. More work needs to be done to overcome fears and follow well prepared trading plan.


On the market:

All major indices logged in a losing week. On the weekly charts, candle formations and other tech indicators show the early stage of a top-reveral motion, however, the volumes and the degree of bearishness of the candles suggest that the market may stay choppy in the current trading range before a possible sizeable movement to the downside. On the daily charts, while the bearishness is evident, the major indices seem a bit over-sold in the near-term.


On the next week:

The Q3 report season will be winding down, and based on what I have seen so far, I doubt that the remaining Q3 reports can significantly drive the market to the upside. There are reports that the bullish sentiment among stock newsletter and ordinary investors reached multi-year high in the past week, and this is usually an excellent contrarian’s signal that the market top is near or done. Another notable development is that several economic reports in the past week suggest that the assumed soft-landing of economy may not be such a certain thing, and the consumer spending may not be as strong as expected. All above mentioned facts should really concern the bulls.

For next week, while the day-trading or very short swing may be the most safe strategy in the expected choppy and volatile market, I should start to actively seek for the swing trade setups based on short-on-top approaches. Swing long trades should be avoided for most stocks.

A. Weekly Calls:

1. AAPL: SW-CTT between 75 (MA50) and 81.7 using tight stops. DT-S2 on top when it approaches resistance levels around 80, 81.7 using tight stops.

2. AEOS: SW-CTT between 41.8 and 46.8 using tight stops. DT-S2 on top, entry zone 45.8-46.5, stop at 46.81, IT=44. MA50=43.3.

3. AKAM: SW-CTT between 40 and 50. DT-CTT between 45.2 and 47.7 use tight stops, and trade along the break-out if the range is breached. It has so far held just around MA50=45.9, I expect its short-term movement to be dictated by NASDAQ trend.

4. AMZN: SW-L1 on bottom if it approaches 36, with a stop just below 36, IT=38.5.

5. ANF: SW-DT-S1 on top, entry range 73.8-75, stop just above 75, IT=69. MA50=71.3.

6. BIDU: DT-CTT between 83 and 90 use tight stops. MA50=84.7, MA200=78.2.

7. BRCM: DT-CTT between 26.8 and MA200=31.2 use tight stops.

8. COH: DT-S2 on top, entry zone 39.5-40, stop just above 40.2, IT=37. Not really a good short candidate, but the weekly chart shows a perfect tweezer's top formation.

9. COST: DT-CTT between 54 and 50 use tight stop. MA50=MA200=51.5.

10. CRM: may consider DT-S3 on top, entry zone 41.2-42, stop just above 42.3, IT=37.

11. DVN: DT-SW-L1 on pullback, entry zone 65-66, stop just below MA50=64.8.

12. ENER: DT between 34.9 and 38 use tight stops; consider SW-L3 on bottom if it spikes down towards 32, IDS=31.5, CS=32.

13. ERTS: SW-L1 on pullback, entry zone=56.5-58.1, stop just below 56.5, IT=61

14. FFIV: SW-L1 on pullback if it spikes down towards 60, stop just below 60; DT-S2 on top, entry zone 66.8-67.3, stop just above 67.5.

15. LRCX: DT-CTT between 46.5 (MA50) and 50.75/51.4.

16. UNH: DT-L3 on bottom, entry zone 46.61-47.2, stop just below 46.5, IT=MA50=49.4, MA200=50.3

17. VRTX: SW-L1 on bottom, entry zone 36.5-38.1, IDS=36.3,CS=36.75 , IT=41.

18. X: SW-S1 on top, entry zone 67.5-70, stop just above 70, IT=60. B.


Earning Plays:

1. CTRP: will report Q3 on Weds. Nov. 8, AMC. Key levels: 40, 42, 43, 44.3 (MA200), 47.8 (MA50), 50, 51, 52.9, 56.5.

2. SONS: Will report Q3 on Mon Nov. 6, AMC. Key levels: 4.2, 4.5, 4.8 (MA200), 5.2, 5.3, 5.5, 5.7, 5.75, 6.

3. URBN: Will report Q3 on Thurs Nov.9, BMO, Key levels: 13.65, 15, 16, 17, 17.7 (MA50), 19.7 (MA200), 22

Thursday, November 02, 2006

Daily Calls -- Friday, Nov. 3, 2006

Both bears and bulls hesitated to commit before tomorrow's important Oct. employment report. As of now, the weekly candles for all major indices are poised to become a bearish engulfing formation, and if tomorrow's job report triggers further slide, I would expect more pullback on the downside for the coming weeks, so keep that in mind when any position is opened.

1. AEOS: may consider S2 on top, entry zone: 46-46.8, stop just above 47.25, IT=44.

2. AMZN: L1 on bottom if it spikes down toward 36 with stop just below 36.

3. ANF: S1 on top, entry zone=73.5-74.8, stop just above 75, IT=71.

4. BIDU: DT-L1 on bottom, entry zone=84.5-85.5, stop just below MA50=84.6.

5. COST: DT-L1 on bottom, entry zone 51.5-52.1, stop just bleow 51.5.

6. CRM: S1 on top if it spikes towards 40, use 40.31 as stop.

7. DVN: L1 on bottom, entry zone 65-66, stop just below MA50=64.7, IT=68.5

8. LRCX: DT-L1 on bottom if it spikes down towards 47, stop around MA50=46.4,

9. MRVL: SW-L2 on bottom if it spikes down toward 17.8, stop just below 17.6.

10. NTRI: DT-L2 on bottom if it spikes down toward 58, stop around 57.5.

11. SONS: L1 on bottom if it spikes down towards 4.75, entry zone 4.76-4.81, stop just below 4.7.

12. VRTX: L1 on bottom if it spikes down towards 37, stop just below 37, IT=40.5

13. WFMI: reported Q3 i n AH, missed rev and lowered outlook, it lost nearly 5% in the regular session, but lost another 14% in AH, traded as low as 50.6 before closed around 51.6, AH resistance around 52.5. Key levels: 46.91 (previous 52 wk low), 50, 50.6 (AH low), 51.6 (AH close) 52.5, 55, around 56.2,

14. ERTS: reported Q3 in AH, beat the estimates and raised the guidance, traded mostly between 55.9 and 57.5. Key levels: 55-55.4, 56.5-57 (AH support), 57.5 (AH resistance), around 57.8 (mutiple tested top), 57.74 (recent 52 wk high), 60, 61.04 (52 wk high).

Wednesday, November 01, 2006

Daily Calls, Thursday, Nov. 2, 2006

The bulls got the their Halloween tricks today, the rapid sliding into the close probably shaked some bulls. Judging from the charts, everything seems to have formed a top-reversal pattern. For the next several days, the trading bias is definitely on the short side, but try to short the bounces instead of chasing the bulls down to minimize the risks.

1. AAPL: S1 on rebound, entry zone 79.3-80.2, stop at 80.5, IT=77.

2. AKAM: DT-CTT between 42 and 47.8 use tight stops.

3. AMZN: L2 on bottom if it spikes down towards 36 use 35.98 as stop.

4. ANF: L2 on bottom if it spikes down towards 71/69 use tight stops. MA50=71.1.

5. BIDU: L3 on bottom if it spikes down towards 82/79, use tight stops.

6. COST: L2 on bottom if it spikes down towards 51.5 use tight stop.

7. DVN: L2 on bottom if it spikes down towards MA50=64.6, stop just below 64.

8. GOOG: L2 on bottom if it spikes down towards 455, stop just below 453/450.

9. LRCX: CTT between 50 and 46.2 use tight stops. MA50=46.4.

10. MEDX: S1 on any rebound, entry zone=12.3-12.7, stop just above 13, IT=11.6 (MA50).

11. SONS: L2 if it spikes down towards MA200=4.8, stop just below 4.8.

12. WFMI: consider DT-L2 on bottom if it spikes down towards 61 with a stop just below 61. MA200=61.5, MA50=61. Q3 report in AH tomorrow.

13. AEOS: reported OCT. sales in AH (below estimates and raised Q3 guidance, dropped as low as 43.75. Long when it stays above 43.8 use a tight stop, or on bottom if it spikes down towards 42.