Weekly Trading Calls -- Jan. 29 -- Feb. 1, 2007

Considering the current market conditions and many import events in next week (FOMC decision, Jan employment report, big tech name Q report, GOOD, SNDK), I will try to stick with the CTT plays at key S/R levels, and try to avoid any SW trades to minimize the impact of volatility. I will change such strategy if NASDAQ breaks its key support around 2390, which would signal the end of the multi-month up trend of the market.

Focus List:

1. AAPL: CTT between the support zone=81-82.5 and resistance zone 87.5-90, bias is on the short side. SMA50=87.83, EMA50=86.5. May also consider S2 if it breaks down from the current level on Monday, in which case use 85.5 as stop reference.

2. AMZN: will report on 2/1/07. Key S/R: 34.75 (MA200), 36, 36.79 (MA50), around 38.2, around 40.4.

3. ERTS: will report on 2/1/07. Key S/R: 43.5, 44.29, 47.96 (recent 6 mo low), 52.5 (both EMA50 and EMA200), 54.5.

4. GOOG: will report on 1/31/07. Key S/R: around 452.5, around 478.1 (EMA50), around 492, 513 (all time high, tested twice).

5. SBUX: will report on 1/31/07. Key S/R: 31.5, 32.5, 33.5, 34.9 (EMA200), 36, 37, 38.

6. SNDK: will report on 1/30. Key S/R: 37.34 (52 wk low), 40.96 (recent low), 44.6 (EMA50), 49.2 (EMA200).

7. X: will report on 1/30. Key S/R: 69, 71, 72 (EMA50), around 75, around 76.6, 80.09 (recent and 52 wk high).

The Rest:

1. ADSK: SW-L2 at bottom (100 share IE, 300 share FP), entry zone=39.8-40.31, IDS=39.5, CS=40.2, IT=42. MA50=41.25.

2. ANF: speculative S3 on top (100 IE, 200 FP), entry zone 79.5-81.5, stop just above 82, IT=74.

3. BIDU: L3 at bottom if it spikes towards MA50=117.8, CS=117.5, IDS=115.5, IT=123.

4. COH: CTT between 42 and 45.5 use very tight stops, bias is neutral.

5. COST: L3 at bottom if it spikes towards 54 with stop just below SMA50=53.98, IT=56.

6. DHI: L3 at bottom if it spikes towards 26.2 (both EMA50 and EMA200) with a stop just below 26.

7. EBAY: S2 on rebound (watch out for GOOG impact), entry zone 32.5-33.5, stop just above 33.8, IT=29. EMA200=31.61, SMA200=30.05, EMA50=30.78, SMA50=30.12.

8. FFIV: speculative L3 at bottom if it spikes towards 72, stop just below 72, IT=75. EMA50=73, SMA50=74.7.

9. LRCX: S2 on top if it spikes towards 49, with a stop just above 49, OR if it breaks EMA200=46.7, IT=43.5.

10. MEDX: speculative L2 at bottom if it spikes towards 13, stop just below 12.9, IT=14.

11. MSFT: speculative SW-S2 on top (200 IE, 400 FP), entry zone 31-31.4, stop just above 31.5, IT=EMA50=29.8.

12. NTAP: S1 on rebound, entry zone=37.6-38.1, IDS=EMA50=38.6, CS=38.2. EMA200=35.8. If NASDAQ rallies, entry just below 39 with a stop just above 39.

13. NU: speculative S3 on top, entry zone 61.9-63, stop just above 63, IT=60.

14. PALM: SW-L3 at bottom, entry zone 13.81-14.11, stop around 13.5, IT=15, EMA200=15.4.

15. TXN: L2 on pullback, entry zone 30.30-30.71, IDS=29.98, CS=EMA200=30.4, IT=33.

16. YHOO: S2 on rebound (watch for GOOG impact), entry zone 28.5=(EMA200)-29.2, stop just above 29.2, IT=27.5.