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.

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