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).
Thursday, November 02, 2006
Daily Calls -- Friday, Nov. 3, 2006
Posted by flyingwabbit at 11/02/2006 06:01:00 PM
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