Monday, February 26, 2007

Daily Calls -- Tues, Feb. 27, 2007

Bears start to gather but bulls have not show serious weakness, I feel that market is at a very subtle stage and sizable movement is on the way...

1. AAPL: DT-L3 if it spikes towards 86.6 use EMA50=86.3 as stop reference.

2. ADSK: DT-S2 on top if it spikes towards 43 with a stop just above, IT=41.

3. AMD: L1 at bottom, entry zone 15.1=15.3, stop just below 14.8, IT=16.5

4. BIDU: speculative S3 on top as it approaches EMA50=114.7 on low volumes, resistance zone 114-118.

5. ERTS: S2 on top, entry zone=52.5-53.5, stop just above 53.8.

6. FMCN: reported Q4 in AH, traded between 79.9 and 88.7, but mostly between 84.5 (nearly day's high) and 87.3. Watch for BMC open to determine the direction of trading, key S/R, EMA50=77.3, around 80, around 81, around 84, 88.5 (recent all time high), 88.7 (AH high).

7. FNM: S1 on top, entry zone=59.5-60.2, stop just above 60.3.

8. MDRX: S1 on top, use EMA50=28.2 and EMA10=28.4 as stop references, IT=26.

9. MRVL: reported Q4 in AH, traded between 19.7 and 21.2, but mostly around 20.8. May consider the short side IF it cannot solidly break above at least 21.2 level, preferably 21.85. Key S/R: 19 (EMA50=19.2), around 20, 21.2, 21.85.

10. NTES: reported Q4 in AH, traded between 20.5 and 23.5, but mostly between 22.3 and 22.8, KEY S/R: around 20, 20.5 (around day and AH low), 23.5 (day, AH and recent high).

11. NUE: S1 on top if it spikes towards 65.7 stop just above 66.

12. SONS: DT-L1 on bottom if it spikes towards 7.81 with a stop just below 7.8, looking for a pre-earning run.

13. TXN: SW-S3 on top, entry zone 31.8-32.5, stop just above 32.5, IT=EMA50=30.5. It may be topping out here.

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