Thursday, January 04, 2007

Daily Calls -- Friday, Jan 5, 2007

The market is becoming very choppy and unpredictable, like today, all of sudden, NASDAQ came on as the strongest and pulled up other major indices along with it. Tomorrow's employment report could set some definitive tone for the near-term market direction. The key is NASDAQ as it less than 18 points from the recent high, a break and closing above that high could propel the market higher, but another failed test may just complete the topping process.

1. AAPL: DT-CTT between MA50=83.8 and 86.7/87.

2. AKAM: DT-S2 on top if it spikes towards 54.8 with a stop just above 55.

3. BIDU: L2 on bottom if it spikes towards 123 with stop just below 122.5. Keep eye on its recent high at 128.68.

4. CRM: L2 on bottom if it spikes towards 37 with a stop just below, IT=39. MA50=38.4.

5. DVN: CTT between 61 and 65, bias on short side, MA200=64.4.

6. ERTS: DT-S2 on top if it spikes towards 56.6 with a stop just above 57.

7. LRCX: DT-S2 on top if it spikes towards 54.5 with a stop just above.

8. RIMM: speculative S3 on top when it spikes towards 140 or 143.

9. SONS: L1 on bottom if it spikes towards 7.1 with stop just below 7.

10. STP: L2 on bottom, entry point 1=just above 31.61 stop at 31.48; entry point2 around 30, stop just below MA200=20.9. MA50=30.2.

11. UNH: L1 on bottom if it spikes towards 52 with a stop just below., IT=54.

12. WFMI: S2 on top, entry zone 48-48.5, stop just above 48.8.

13. XRTX: reported Q4 in AH, traded mostly between 20.1 and 21.4. Key levels: 19.5, 19.83 (day low), 20.4 (day close), 21, 21.4 (AH high), 21.7 (MA50), 21.9 (MA200).

14. ENER: L2 if it spikes towards 33.8 with stop just below 33.5; S2 on top when it spikes towards MA50=36.4 ust MA200=37 as stop references..

1 comment:

shortswings said...

Hi Man,

I hope you acted on CRM. The market was quite volatile this week. One thing is a kind of strange. All three major indices are down, but most of stock in our list are not down with thenm but up more or less instead. Hard to explain that.

I missed IMCL and NVDA this week. I have been tracking IMCL for quite a while. And when it finally comes, I missed it. Man, it really hurts.

Later,

shortswings