Thursday, March 08, 2007

Daily Calls -- March 9, Friday, 2007

A sudden sell-off around 2:30 pm almost derailed bulls' rebound, but they mustered enough strength to stay in the green. NASDAQ failed to close above the key resistance around 2390, while SP500 managed to close above the key 1400 support. The low volume rebound will be tested tomorrow when the Feb employment report releases BMO, and we will see how much life still left for the bulls.

1. AKAM: S1 on top if it spikes towards EMA50=53.1/54.4 use very tight stops.

2. ENER: DT-S1 on top if it spikes towards 34.75, stop just above 35, EMA50=32.7, EMA200=35.4.

3. FFIV: S1 on top if it spikes towards 73, use EMA50=73.2 as stop references.

4. FNM: S1 on top if it spikes towards EMA50=57.3 use a tight stop.

5. ICE: S1 on top if it spikes towards 136, stop just above 137. EMA=135.6; also consider S1 if it breaks down 128.5, IT=123.

6. LRCX: S1 on top if it spikes towards EMA200=46.3/EMA50=46.7, stop just above 47.

7. MA: S2 on top if it spikes towards EMA50/106 use tight stops, IT=99.

8. MRVL: speculative DT-L1 on bottom if it spikes towards 18, stop just below 17.8.

9. NVDA: S1 on top if it spikes towards EMA50=32.6 use a tight stop.

10. SNDK: S1 on top if it spikes towards EMA50=41/42 use tight stops.

11. URBN: DT-CTT between today's high=26.65 and low=24 use tight stops, bias on short side.

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