Steckler's Star Studded Stock Picks

[Runner]

No pullbacks with RS >= 95.

Dave, what RS setting are you scanning?

[dmk112]

Dave, you should kill the RS>95 rule. IMO

Why don't you see what happens when you do...

[mystiky]

Silc / Tre

This could really take off if the market firms up in the last 90 minutes.

Nice call on SILC.... what is your "near-term" target on it? $9, or do you think it has a chance for a higher leg up this time around?

I assume you would try to buy it at like 7.80's if it dips on Tuesday at the open?

Also, any comments on TRE?

Looks like it has broken out, but the does $7 now look as the "make or break" on that rally?

Thanks as always...

[DSteckler]

<< Dave, what RS setting are you scanning? >>

RS Rank >= 95.

[DSteckler]

<< Dave, you should kill the RS>95 rule. IMO >>

Then it wouldn't be Cooper's 1-2-3-4 scan, which calls for RS Rank >= 95

<< Why don't you see what happens when you do... >>

I ran a backtest of that years ago. The result is a greater percentage of losses and smaller gains. Cooper knew what he was talking about.

[DSteckler]

<< Nice call on SILC.... what is your "near-term" target on it? $9, or do you think it has a chance for a higher leg up this time around? >>

It should test the range of the old high, say around 8.95 - 9.25. Market action will play a role in that, of course. If the market behaves I wouldn't be surprised to see new highs. A close above 9.75 should set up an eventual run to 11.70, the 1.382 Fib. extension of the October - December advance.

<< I assume you would try to buy it at like 7.80's if it dips on Tuesday at the open? >>

A pullback to 7.60 would work (that's the 20-day EMA) but if it starts trading below there, watch out for a short-term trend reversal.

<< Also, any comments on TRE? >>

Too extended for my taste.

[DSteckler]

Rethinking NDAQ

I like the way NDAQ is holding to its 50DMA. This MA is right on top of the 20-day EMA so it should hold as support. But what I don't like is that the earnings estimates for the next two quarters is down YOY, at -13.33% and -11.11%. Slowing or negative EPS is not looked at kindly by institutional investors.

[DSteckler]

A few more for Tuesday

DRQ - O&G field machinery. ERG is a super strong 285. Next 2 quarters EPS growth is up 145% and 133% respectively YOY.

FLSH - upside reversal off the 20-day EMA. EPS estimates up 79% and 81% YOY vs. year ago.

AMTD - Cooper 1-2-3-4 setup; Friday was Day 1.

QSII - has been making lower highs. I know this one is a board favorite but something about the chart doesn't sit right with me. It's holding abobve its 50DMA, which is a positive.

NIHD - sweet chart with a nice move on Friday. ROE is a beautiful 38% and ERG is a very nice 255.

CERN - looks to be under distribution. Volume Flow Indicator on the daily is about to go negative.

BTU - my favorite coal stock. Has been trading in a long flat base since early October. ADX has been below 15 except for a few days since the end of October.

[IIC]

DRQ - O&G field machinery. ERG is a super strong 285. Next 2 quarters EPS growth is up 145% and 133% respectively YOY.

FLSH - upside reversal off the 20-day EMA. EPS estimates up 79% and 81% YOY vs. year ago.

AMTD - Cooper 1-2-3-4 setup; Friday was Day 1.

QSII - has been making lower highs. I know this one is a board favorite but something about the chart doesn't sit right with me. It's holding abobve its 50DMA, which is a positive.

NIHD - sweet chart with a nice move on Friday. ROE is a beautiful 38% and ERG is a very nice 255.

CERN - looks to be under distribution. Volume Flow Indicator on the daily is about to go negative.

BTU - my favorite coal stock. Has been trading in a long flat base since early October. ADX has been below 15 except for a few days since the end of October.

Oh my God...QSII and DRQ are on Steck's and my lists...Watchem...IIC

[DSteckler]

Rotation play

IYM has pulled back to its 20-day EMA. It's been climbing a rising trend channel since mid-October. Volume has declined during the pullback which suggests a lack of significant selling pressure.

[Runner]

IYM has pulled back to its 20-day EMA. It's been climbing a rising trend channel since mid-October. Volume has declined during the pullback which suggests a lack of significant selling pressure.

Dave, is there something magical about the 20EMA? Appears you really like that moving average. What about the 50 day or 100? Could you help me understand the significance of the EMA in relation to support?

[DSteckler]

AVT saucer &amp; handle forming

Just completed the right side of the saucer and has started pulling back into the hadle. As long as the handle doesn't dip more than 20% into the depth of the cup (about 55 cents, down below $26 or so), the pattern is accumulative. Note that Friday's low was 25.68 and AVT closed at 25.95.

[DSteckler]

RVT breakout on Friday

Has been trading in a rising right triangle since late December 2004. Has an 8% dividend yield and they just raised the divdend. It broke out of a tight trading range on Friday.

[DSteckler]

Arrs

Wish I had seen this one Friday.

[DSteckler]

Wbsn

A small symmetrical triangle.