Tuesday, December 26, 2006

Daily Calls -- Weds Dec. 27, 2006

The market bounced back today and recovered most of last Friday's loss on even lighter volumes. It is likely that the rebound will continue throughout this week as people look for the santa rally. Short sell at the current levels is probably risky, but swing long could be riskier. I will look for some day trades at both direction if I have key S/R back them up.

1. AAPL: consider L3 use 80.9 as stop, IT=MA50=83.9.

2. AKAM: L3 on bottom if it spikes towards 51/52 use tight stops.

3. BIDU: CTT between 110 and 116 use tight stops, don't trade the mid range.

4. DVN: CTT between 65 and 69.1 (MA50) use tight stops, don't trade the mid range. MA10=69.3

5. ESRX: L2 on bottom use MA10=71.6 or MA50=70 as stop references.

6. FMCN: L2 on bottom use MA50=65.1 as stop reference.

7. GOOG: S2 on top if it spikes towards MA50=466.7 (MA10=466.5) use tight stops.

8. RIMM: L2 on bottom if it spikes towards MA50=124.5, but also watch for S3 on top if it spikes towards today's high at 130 or MA10=131.5.

9. SHLD: S2 on top if it spikes towards today's high=168 or MA50=170.7 (MA10=170.5) use tight stops.

10. STP: L1 when it breaks 33.5 with a stop just below 33, IT=34.25. Or what for pullback use 32.5 as stop.

11. UNH: L1 on pullback if it spikes towards MA10=52, or around 50.5, and finally MA50=49.6.

1 comment:

shortswings said...

Hi man,

I just finished the comments on your weekly calls. AKS is a kind of interesting. It shooted up today. However the weekly histogram clearly shows a bearish divergence. My judgement is that it will go down in next couple of days. Lets see how it turns out.

later,

shortswing