Daily Calls -- Weds Feb. 21, 2007

Bulls are becoming invincible, but I am yet to see the capitulation on bears part. These days, every time when Feds speak, the market rallies, I wonder if the same show will be on tomorrow following the release of Feds FOMC minutes.

1. AAPL: L1 if it breaks 86.7 on increasing volume, stop just below 85.5, key resistance zone near 90.

2. BIDU: CTT between 101 and 112 use very tight stops, don't trade the mid range.

3. CHAP: speculative S2 on top, entry zone=51-52, stop just above 52, IT=49.

4. CTRP: speculative S3 on top if it spikes towards 64.3/66 use tight stops.

5. DVN: speculative DT-L2 on bottom if it spikes towards 64, stop just below 63.7, EMA200=65.2.

6. ERTS: S2 on top if it spikes towards 54 with stop just above 54.5.

7. FMCN: speculative SW-S3 on top if it spikes towards 86, stop just above 88.5, IT=EMA50

8. MRVL: S2 on top if it spikes towards 21, CS>EMA200=20.5, IDS>21.12, IT=19.

9. NUE: Speculative S1 on top if it spikes towards 65.4 with stop just above 66.1, IT=63.

9. RIMM: DT-L2 on pullback if it spikes towards 138.5, with a stop just below 138, it is poised to break out here.

10. SNDK: DT-L2 if it spikes towards 40 with a stop just below 39.7 or towards 39 with a stop just below 38.8, IT=42.

11. SONS: speculative DT-S2 on top if it spikes towards 7.8/8 use very tight stops.