Tuesday, December 12, 2006

Daily Calls -- Weds Dec. 13, 2006

The major indices spent the day in the red and the FOMC decision failed to move the market in any convincing way. Bulls and bears are obviously in holding pattern for the past weeks, and I am not sure it that will change this week.

1. AAPL: CTT between 83.4 (MA50) and 87/89.5 use tight stops. Try not to trade mid range. Day trading bias on the short side.

2. BIDU: DT-CTT between 117 and 125, be very careful when trade the mid-range, bias on the long side.

3. CEPH: S1 on top if it spikes towards 72/73 use tight stops, IT=69.

4. DVN: L1 on bottom if it spikes towards MA50=69.1, stop just below 69.

5. ESRX: L2 on bottom, entry zone 66-67.51, stop just below 66.

6. LRCX: CTT between 50.9 (MA50) and 54 use tight stops.

7. NTRI: speculative L2 on bottom if it spikes towards 64, stop just below 63.6., IT=69.

8. RBAK: L1 on pullback, entry zone 16.75-17.5, stop just below 16.7.

9. RIMM: DT-S1 on top, entry zone 125-127, stop just above 127.3. IT=MA50=121.

10. SNDK: S1 on top if it spikes towards 43, stop just above 43.3.

11. SONS: L1 on bottom if it spikes towards 5.4, stop just below 5.4.

12. STP: consider L3 on bottom when it spikes towards 29 and MA50=28.1 use tight stops, MA200=29.5. It is a shame that I once again let it slipped through my hands.

13. VRTX: CTT between 37 and 40 use very tight stops.

14. WLT: L2 on bottom if it spikes towards 46 (MA50) or 47.4 use very tight stops.

15. X: CTT between 70.5 and 74.5 use very tight stops.

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