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).