Daily Calls -- Weds Jan. 17, 2007

While I expect negative reaction to INTC's quarterly report, I seriously doubt that INTC can single-handly reverse recent break-out of NASDAQ (if several more tech leaders are down like this, that would be a different matter), in that sense, I may consider taking some long positions between 9:45 and 10:30 am. In other words, I expect NASDAQ to set the day's low in AM and see some recovery thereafter.

Focus List:

1. INTC: DT-L3 at the bottom (300 share, $0.3 stop) if it spikes toward 20 or 21 use tight stops, IT=21.9. Steadily decline in AH following is report and closed around 21.4, the lowest point of AH. Key levels: 20, 21 (MA50), 21.4 (AH close), 21.9 (AH turning point), 22.3 (day close), 22.5 (recent high), 22.98 (AH high).

2. AAPL: DT-L2 if there is any early weakness due to INTC (300 share, $0.4 stop), entry zone 95.5-96.3, stop just below 95. Close any position before its AH report. Watch the previous high at 97.8.

3. RACK: reported Q4 in AH, missed estimates on earnings and margin, traded heavily and down over 31%. Key levels: 18.67 (1 yr low), around 20.5, 21.7 (AH low), 22, 22.2 (AH close), around 23. It lost over 39% ($13.7) on July 28, 2006 on volume of nearly 22 million.

The rest:

1. ADBE: DT-S2 on top (500 share, $0.4 stop), entry zone 40.35-40.75, stop just above 41. SW-S3 on top (refer to the weekly calls).

2. AMD: speculative DT-L2 on bottom (500 share, 0.25 stop) if it spikes towards 17, with a stop just below 16.9.

3. BIDU: CTT between 123 and 130 (100 share, $1 stop), also consider speculative S3 on top if it spikes towards 134 with a stop just above it.

4. CHINA: L1 on pullback(500 share, 0.3 stop), entry zone 9.71-10.21 stop just below 9.7.

5. DVN: CTT between 66 and 63.7 with tight stops (300 share, 0.3 stop), don't trade the mid range.

6. LRCX: L3 on pullback if it spikes towards MA50=51.4 or 50.4 (300 share, 0.5 stop), IT=53.

7. MRVL: L2 on pullback if it spikes towards 19.10 with a stop just below 19 (500 share, 0.2 stop), IT=20.

8. RIMM: Speculative L3 on bottom if it spikes towards 124 with a stop just below 123.5 (100 share, $1 stop), IT=129.

9. SHLD: speculative SW-S3 on top (initial entry 50 share, $1.5 stop, 150 share full positions) if it spikes toward 181, stop just above 182.5, IT=169.

10. SNDK: speculative SW-L2 at bottom (initial entry 200 share, $0.5 stop, 400 share full position), entry zone 42-43.3, stop just below 42, IT=46.

11. STP: speculative S3 on top (100 share. $1 stop) around 38, stop just above 39, IT=35.

12. VRTX: speculative SW-S3 on top (100 share initial entry, $1 stop, 200 share FP), entry zone 39.5-41.5, stop just above 41.5, IT=33,

15. WLT: speculative SW-L2 on bottom (100 share initial entry, $0.5 stop, 300 share FP), entry zone 25.8-26.1, stop just below 25.8. MA200=25.1, MA50=25.

16. LFC: SW-S3 on top (100 share, $0.8 stop, hold at least 1 week and use weekly chart for exit decision) if it spikes towards 50/54 with a stop just above 50.8/54.1, IT=MA50=41.5.