Steckler's Star Studded Stock Picks

Updates on yesterday's ideas

BRR following through (up 8%) on increasing volume.

PTSI retracing about 50% of yesterday's move on decreasing volume.

Spike, is your new avatar the St. Louis Arch? <g>

[spikefader]

Up 7% on heavy volume; highest high since 1997.

IIC's on that one.

Anyone playing ICOC?

Up 7% on heavy volume; highest high since 1997.

BRR followthrough

Nice continuation after yesterday's bounce off the 50DMA.

Some BB must be flogging PTSI

It's up 12% but on less than ADV.

VC looks strong

New six month high.

PTSI bounce

Strong bounce off the 200DMA.

Interesting read

http://etfguide.com/view_article.php?slug=Busting%2BMarket%2BTiming%2BTales&ID=150&D_ID=2&P_ID=7&PHPSESSID=54a8aaf05fef8478a9d05c3bfe33f5b4

Did the market have anything to do with the poor performance?

To an extent but from a relative performance standpoint, PTRY performed worse than the market.

[peanuts]

PTRY has made a nice run since bottoming a few weeks ago but is about to hit its 200DMA. Last time the DMA was tested (July), the failure to get through led to a sharp 20% decline.

Did the market have anything to do with the poor performance?

Shorting PTRY?

PTRY has made a nice run since bottoming a few weeks ago but is about to hit its 200DMA. Last time the DMA was tested (July), the failure to get through led to a sharp 20% decline.

Zvxi

POS that may challenge its 20-day EMA today.

Worth watching

ABT - improving technicals but estimates the next two quarters are flat YOY.

Bow tie candidates for next week

AZK
NTSC
CL
IMX



1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.

2. Today's low must be less than yesterday's low.

3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.

4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.

5. If filled, place a protective stop below the lowest bar in the setup.