Thursday, February 22, 2007

Daily Calls Fri. Feb 23, 2007

Today was a re-run of yesterday, bears obviously tried, but tech bulls barely budged, as NASDAQ made and closed at a new high. The key is on the NASDAQ now, a >1% move on either direction may dictate the near-term direction of the market. My take? just like the doji candle on NASDAQ's daily chart...

1. AAPL: L3 on pullback with a stop just below 88.2/88.5, IT=91.

2. ADI: L1 on pullback, entry zone 36.1-36.51, stop just below 36.

3. ANF: DT-CTT between 79.3 and 81.4, bias slightly bearish.

4. COH: CTT between 49 and 51 use very tight stops, don't trade the mid range.

5. CRM: CTT between 45 and 49, don't trade the mid range.

6. ERTS: S1 on top if it spikes towards 54.5 with a stop just above.

7. NUE: S1 on top if it spikes towards 67 with a stop just above, IT=63.

8. SONS: S2 if it breaks 7.5, IT=7.25, stop just above 7.51.

9. WFMI: L1 on pullback use 50.4/51 as stop.

10. INTU: reported Q4 in AH, traded mostly between 30.18 and 31.1, with extremes between 29.7 and 31.6. KEY S/R: 28.54 (recent low), 30, 30.5 (EMA200), 30.86 (day close), 31.82 (day high).

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