Daily Calls -- Thurs Dec. 14, 2006

All major indices mustered a tight gain on very light volume today after opening higher. Everything is in holding pattern, not sure what factors/events are capable of driving the indices out of their 1 month trading range.

One note: there is some concerted selling in all China stocks, such as TOMO, NCTY, KONG, LTON, SNDA, etc. the drops were rather sizable but the volume was not. Keep an eye on this sector.


1. AAPL: DT-S2 on top if it spikes towards key resistance levels around 89.5, 90, 90.5, 91, and 92.33, use tight stop, and be patient.

2. ADBE: will report Q4 in AH, watch key levels: 42.75, 42, 38.3 (MA50), 37.2, 35.3 (MA200).

3. BIDU: CTT when it approaches key levels: 116, 117, 119 (MA10), 123, 125.

4. DVN: CTT when it approaches key levels: 69.2 (MA50), 70.4, 72.

5. ESRX: SW-L2 on bottom, entry zone 66-68, stop just below 66, be patient.

6. FMCN: S1 on top when it spikes towards 69/70/71 use tight stops; also, L2 on bottom if it spikes towards 64/65.5 use tight stops, MA50=63.8

7. LRCX: S2 on top, entry zone 52-53.5, stop just above 54, looks like it is ready to dive.

8. MRVL: L3 on bottom, entry zone 19-19.5 (MA50), CS=19.5, IDS=19.

9. SNDK: S1 on top if it spikes towards 43, stop just above 43.2.

10. SONS: L1 on bottom if it spikes towards key support levels at 6.2, 6.3, and 6.4, use tight stops.

11. VRTX: L2 on bottom entry zone 36.3-37.1, stop just below 36. MA200=35.3.

12. WLT: L3 on bottom if it spikes towards 47.4/46.1 (MA50), use tight stops.

13. X: CTT between 73 and 76 use tight stops, don't trade the mid-range.