Swing calls -- May 22, 2007

Got some time to kill tonight, so here are some swing trade calls.

On the market: the bulls are just unstoppable, the bears, well, they are trying hard--just saw a link from the Kirk Report that the short interests are continuing to climb, and you have to wonder if these stubborn and early bears will see their grave before seeing the light of their pay day. Shorting is becoming very dangerous, even if you follow the charts of individual stocks, the river keeps rising, and that makes harder to sink any boats. On the other hand, long positions initiated at this stage may not have a decent risk/reward ratio, therefore, pick your own poison, or maybe the best is just sit tight and watch the show :P

1. ADI: S1, entry zone=38-39.5, stop just above 40.2, IT=34.

2. AFFX: S1, entry zone=25.1-26.8, stop just above 27 or EMA50, IT=23

3. ANN, S1, entry zone=37-37.3, stop just above EMA50, IT=35.

5. COH: S2, entry zone=49.5-51, stop just above 51, IT=EMA200 around 44.

6. MEDx: L1, entry zone=15.75-16.1, stop just below 15.7,

7. OCR: S1, entry zone=38.9-41, stop just above EMA200

8. SNDA: L2, entry zone=27.5-29, stop just below 27.

9. VRTX: L1, entry zone=30-31 (EMA50), stop just below 30, IT=36,

10. WFMI: S1, entry zone=41-EMA50, stop just above EMA50 or 44.

11. WSM: S1, entry zone=34.7-35.35, stop just above that, IT=33.

Weekly Swing Trading Calls -- May 12, 2007

I am going to try a completely different approach: instead of focusing on very short time frame, I will try to develop a strategy for swing trade, meaning that the weekly chart will become the center of the trading analysis, and holding time frame will change from 1-3 days to 1-4 weeks.

On the major indices:

It is hard to be a bear in this market, but it might be even harder to be a full-charging bull at this stage. The bottom line is that this is a up-trending market, and until if is proven otherwise, buy-on-dip is arguably the most sound approach. The ideal buy zone would be the NASDAQ from 2498 (EMA50) to 2530 and SP500 from 1450 to 1470.

1. AFFX: S1, entry zone=26-26.8-28.6, stop just above 28.8, IT=23.

2. AMD: L1, entry zone=13-14, or when it closes above 15, IT=17.5.

3. COH: S1, entry zone=48-51, stop if it closes above 51,IT=44.

4. MOT: L1, entry zone=17.65-18.02, stop just below 17.3, IT=20

5. MU: L1, entry zone=11.75-12.02, stop just below 11, IT=14

6. NVDA: L1, entry zone=32.1-33.5, IT=38

7. SHLD: S1, entry zone=179-181, stop just above 183.5, IT=168

8. URBN: S1, entry zone=25.5-26.5, stop just above 26.7, IT=23

9. WSM: S2, entry zone=34.9-35.8, stop just above 36, IT=30.

Swing calls -- May 9, 2007

I am settling down here in LA. Have not traded stocks since late March, which is the longest no-trading period since I started trading in 2001, kind of weird :) and the market has been even more weird during this period of time, as I have seen a lot more bearish signs than bullish ones every day in my life here. I admit that I did not expect it rising like this, especially NASDAQ. Bulls are in clear control here, but the party is probably not out of control yet, we shall see how long the good time will last...

Have a little bit of time to kill tonight, so I am going to look some charts, and try to make some swing trade calls (holding period 3 days-3 weeks) primarily based on the weekly charts, let's see how they turn out to be.

1. ADBE: S2, entry 42-43, stop just above 44, target 37-38.8 (EMA200),

2. AFFX: S1, entry zone=26.8-28.8, stop just above 29, target=20.5-23,

3. COH: S1, entry zone=50-52, stop just above 54, target=43.5-46,

4. SHLD: S1, entry zone=180-185, stop just above 190, target=168-171

Damn, how come I don't have any long calls? Will take a another look this weekend if I get time.

Best to all!