Monday, March 12, 2007

Daily Calls -- March 13, Tue, 2007

The market continues rebound on declining volume. Bulls should be happy since no one is really motivated to sell, bears can take comfort on the very light volume. Looks like everyone is waiting for some kind of catalyst or signs, conviction is probably in short supply on the Wall Street right now.

1. AAPL: CTT between 89/89.4 and 93, don't trade the mid-range.

2. AKAM: speculative S2 on top, entry zone 53 (EMA50)-54.5, stop just above 54.6. Be a bit patient, better wait for intra-day reversal signal near the key R levels before opening any position.

3. SONS: DT-S1 on top if it spikes towards 7.8 with a stop just above.

4. COH, ICE: refer to the weekly calls.

No comments: