Steckler's Star Studded Stock Picks

[Lyehopper]

booooooooooooooooooooooooooooooooooo

Spike.... I would give Steckler a hard time about not playin.... but it's pretty hard to ruffle this dudes feathers.lol.... I tried the day he showed up even attempted the old "what? too skeered?" routine..... He won't bite.... I'll just throw it up from time to time, maybe he'll have a change of heart some day.hehe

BUT IT WOULD BE NICE TO SEE HIM POST THERE SOMETIMES!!!!

btw... you've got a good thread Steckler.... keep that little dog runnin....

[DSteckler]

TICK....<g>

[DSteckler]

MESA suprisingly strong

The pullback from this week's highs was only to the 23.6% retracement level (using the 12/13 low and the 1/10 high), about 11.15. This is usually seen only with the strongest stocks.

The daily technical indicators have first started rolling lower so I'm sure there will be more downside pressure ahead. But the downside action yesterday and Wednesday was accompanied by less than ADV, which is bullish.

[DSteckler]

The train is starting to leave the station

On SILC. Volume is better than ADV, an accomplishment in pre-holiday action.

[DSteckler]

IBIS ended up moving nicely today

Nice push in the last 1/2 hour.

[Websman]

On SILC. Volume is better than ADV, an accomplishment in pre-holiday action.

I tried to Buy SILC, but didn't quite make it...I'll try again on Tuesday.

Oh...I forgot...TICK

[billyjoe]

D,

If you liked FDG's chart you might like EGY.

billyjoe

[DSteckler]

Thanks. But for that funky price spike on 10/20, EGY made a beautiful inverse H&S from mid-September through the end of December. Neckline breakout was on 1/4. Measured target price is made by taking the distance between the neckline and the head (about 1.25) and adding that to the neckline pivot price (around 4.45), for an objective of 5.70.

[DSteckler]

Bow tie candidates for next week

LDIS
SMI
PNR
BBY
SNX
GLB
VZ
SGMS
AVX
BPL
STAR
F
WPI


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 low of (2).

[DSteckler]

No Cooper candidates this week

No pullbacks with RS >= 95.

[Websman]

LDIS
SMI
PNR
BBY
SNX
GLB
VZ
SGMS
AVX
BPL
STAR
F
WPI


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 low of (2).

I'm starting to like your system. Makes good sense.

[DSteckler]

One thing you'll discover is that in a choppy market, you can buy in the morning and get stopped (or sell out) just a few hours later. Nature of the beast. It's rare that you don't see a pullback to the 20-day EMA within a few days after entry, which is where you'd exit the trade.

[DSteckler]

<< 5. If filled, place a protective stop below the low of (2). >>

Should have read: 5. If filled, place a protective stop below the lowest bar in the setup.

[DSteckler]

AVK, not AVX. Sorry for the typo!

[Runner]

Dave, nice thrust off the lows in AVK. Momentum appears to have picked back up. If it clears out resistance from back in Nov I think it could rock!
Weekly chart on AVK seems to be range bound. I bet the STO indicator works well with this one..