Tuesday, December 19, 2006

Daily Calls -- Weds. Dec. 20, 2006

Looks like a tug of war between the NASDAQ bears and SP/DOW bulls is intensifying. I am not sure if anything definitive will be determined before 2007, but I get a feeling that the market is going to be choppier than ever.

1. AAPL: CTT between 83.6 and MA10( 88), also consider S2 on top when it approach key resistance around 87. The bias is on the short side. It tested MA50 (84) today with success.

2. ADBE: S2 on top if it spikes towards 42, stop just above 42.3. May consider L2 on bottom if it spikes towards MA50=39.2.

3. BIDU: CTT between 115.5 and 119.5 use tight stops, try not to trade the mid of the range. Consider trade along the break-down if it moves out the range.

3. DVN: CTT between 65/67 and 70.8 (MA10)/72.5 use tight stops.

4. ESRX: L1 on pullback, entry zone 70.5-71.5, stop just below 70.5, IT=73.5.

5. GOOG: S2 on top, entry zone 469-477, stop just above 478.5.

6. MDRX: L1 on bottom if it spikes towards MA50=25.9, stop just below it, IT=28.2.

7. NTRI: CTT between 61.2 and 67.5 use tight stops.

8. RBAK: L1 on pullback use MA10=19 as stop reference.

9. SNDK: L2 either when it spikes towards 42.3/43 or when it breaks 44.4 use tight stops.

10. SONS: CTT between 6.2 and 6.7 use tight stops. DT bias is on the short side.

11. STP: L2 on pullback, entry zone 31.5=32.8, stop just below 31.5.

12. UNH: L1 on pullback, 51-52, stop just below 51. It is approaching its 6 month high around 52.84.

13. X: L3 on bottom if it spikes towards 72 or MA50=70.4 use very tight stops.

1 comment:

shortswings said...

Hi Man,

How is your trading today? I sold sndk today because it failed to break 44.40, even when the NASDAQ was up in last two days. However, I think, it is still worthy to pay attention to it. I will buy either it spikes down to 42 or it breaks 44.40. I felt frustrated , because I missed SONS today and ESRX yesterday. Now my focus is on IMCL and CELL. Man, RBAK went through the roof today, I want to slap myself!

Good luck,