Daily Calls -- Friday Dec. 15, 2006

Both SP500 and DOW moved decisively out of the 1 month trading range and closed at new highs, but NASDAQ failed to do so. I wonder how long such divergence will remain.

1. AAPL: S1 on top, entry zone 89-89.7, stop just above 90. The distribution continues here.

2. BIDU: CTT between 119 and 125, try not to trade the mid range, if it breaks 119, it may well test support around 116.

3. DVN: L1 on bottom, entry zone 71.3-72, stop just below 71.2.

4. ERTS: S1 on top if it spikes towards MA50=55.2, stop just above 55.4.

5. ESRX: L1 on bottom, entry zone 66-67.5, stop just below 66.

6. FMCN: S2 on top if it spikes towards 71, stop just above 71, IT=67.5.

7. NTRI: L3 on bottom if it spikes towards 60, stop just below 59.5.

8. RIMM: speculative S3 on top if it spikes towards 139.7, stop just above 140.

9. STP: speculative S3 on top if it spikes towards 33, stop just above 33.

10. WLT: L1 on pullback, entry zone 48-49, stop just below 47.4, IT=51, MA200=49.6.

11. X: CTT between 72.3 and 76 use tight stops.

12. ADBE: reported Q4 in AH, traded between 39.4 and 43.5, key levels: 37.2, 39.4 (AH low), 40.05 (day low), 40.81 (close), 42 (AH support), 42.75 (recent high); 43.5 (AH high).