Steckler's Star Studded Stock Picks

[DSteckler]

Vphm

Take a look at VPHM on a 30-minute chart. It's hugging the 20-bar EMA. Stochastics bottomed and have turned higher so I picked up some shares.

[Websman]

Take a look at VPHM on a 30-minute chart. It's hugging the 20-bar EMA. Stochastics bottomed and have turned higher so I picked up some shares.

I made did quite well on VPHM a while back. Maybe I'll play it again.

[DSteckler]

VPHM formed a bearish harami bar on the daily charts. These are normally interpreted as being bearish in an uptrend. VPHM has been moving sideways for two months, however, so I wouldn't call the action a downtrend.

On the weekly charts VPHM formed a diamond top pattern (a series of higher highs/lower lows followed by lower high/higher lows). This pattern is found during the distribution phase of a stock's life-cycle. The 20-week MA held as support on the right side of the diamond, however, which is bullish.

http://www.ttrader.com/mycharts/display.php?p=38205&u=dave&a=MyCharts&id=690

[ninner]

Urbn

what do u think of URBN??? and where it is going ...it may test the 200 day again if it can break the 50 but its going higher after that in my opinion...bearish harami formed today....at a key resistance level ....interesting to see what it does tomorrow.

cheers

[DSteckler]

OXM - the Tell

Fell below both its 20-day EMA and 50DMA last week; tried to get back through and failed; traded lower today; and is getting slammed after-hours on their earnings announcement.

Watch that 20-day EMA. It's a canary-in-the-coal-mine when it comes to giving an early warning about changes in trend.

[DSteckler]

ATAC nice

Look at how ATAC hugged its rising 50DMA the past two weeks. Broke out today on slightly less than ADV.

[DSteckler]

You mean, bank stocks break out, too?

Sure do, bunky! Take a look at NDE. Textbook C&H breakout (long handle) ona little greater than ADV. Extremely low ADX (10.02) suggests this breakout should have some legs.

[DSteckler]

NVR yowsah!

This stock gives me a chubby. <VBG> Stochastic pop today, too.

[IIC]

Back a few days ago Steck posted some "Sage" advice in response to Sis' re: Investing ...I threw in my 2 cents too on 1/5. However, there is one bit of advice that I forgot to post...And my little mini-disaster today on IDWK made me think of it. My IDWK trade doesn't really apply as it won't cost me that much in the overall scheme of things...But here is what I'd like to offer:

When you take a hit...."NEVER try to get it all back at once"...Pressing is a KILLER...it could even wipe you out. I've made some pretty big mistakes over the years...But I learned quite some time ago..."Don't try to get it back all at once"...Stick to your plan...Or if you find that your plan is flawed...Make changes gradually....Maybe take a break to refresh...The market isn't going anywhere...No Rush!!!...I will play it by ear on IDWK tomorrow...It was a possible accumulation plan anyway...But in the past I have lost quite a bit on single trades...The best thing to do is just get out and trade normally...Even the best laid plans have glitches...Either mental or maybe something happens that you have no control over.

When I got home today and told my wife...She said..."Does that mean I have to return my B-Day present"? (It was yesterday)...I said "Yes...and your Christmas presents too"...We actually did have that exchange...But it was all in fun...Sort of...Anyway, I will open tomorrow the same way I do everyday...No Problem...And besides NGAS the year has been Great so far...Doug(IIC)

[spikefader]

Take a look at VPHM on a 30-minute chart. It's hugging the 20-bar EMA. Stochastics bottomed and have turned higher so I picked up some shares.

This thread needs more color! hehe



Good luck with it DS!

[DSteckler]

Float &lt; 7 million, ERG &gt; 250

ADAM - new stock on the list that was a successful Cooper 1-2-3-4 breakout on 1/4.

ATEA - upside breakout through a descending trendline yesterday.

[DSteckler]

IIIN stochastic pop

But it's looking somewhat extended here.

[DSteckler]

GIGM update

Continues higher but has doubled its 200DMA and is more than 1.5X the 50DMA. Tightening stops would be in order here.

[DSteckler]

MNTA losing momentum

Disappointing because biopharms have the wind behind their back - Group Strength rank = 93, the highest it's been in months.

[DSteckler]

CNTF blast-off

Up, up, and away! CNTF has risen through the 50% retracement level of the Dec. - January decline. Notice how the price hovered around the 38.2% level the past few days. Next resistance is the 61.8% level, around 16.40.

Now here's something interesting: take the all time high back in June and the all time low in October and construct a Fib. series. The 38.2% retracement level was around 12.50 and the December low was 12.59. The 50% retracement level was very close to the 38.2% level of the Dec. - Jan. Fib series. And notice how the 61.8% level was resistance for the same few days CNTF hovered around the 50% level of the Dec. - Jan. Fib. series.

This confluence of Fib. levels is referred to by Joe DiNapoli (author of "Trading with DiNapoli Levels") as Fibonacci Price Clusters. It graphically illustrates the fractal nature of Fibonacci.

http://www.ttrader.com/mycharts/display.php?p=38215&u=dave&a=MyCharts&id=690