Steckler's Star Studded Stock Picks

[IIC]

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?

I use it too...but come to think of it...Its been so long...I don't remember why???...It is pretty equivalent to 1 month of trading.

However...For Quick DT's I use the 3, 5, 10, 20 ema's on 1 minute charts...Doug(IIC)

[DSteckler]

<< Dave, is there something magical about the 20EMA? >>

Runner, a lot of hedge fund managers use the crossing of the 20-day EMA as an early warning sign that the short-term trend may be changing. The 17-day SMA gives similar readings and can be used in place of the 20-day EMA. A strongly trending stock will oftentimes pull back to this EMA and hold there as support.

[Runner]

<< Dave, is there something magical about the 20EMA? >>

Runner, a lot of hedge fund managers use the crossing of the 20-day EMA as an early warning sign that the short-term trend may be changing. The 17-day SMA gives similar readings and can be used in place of the 20-day EMA. A strongly trending stock will oftentimes pull back to this EMA and hold there as support.

Doug, that makes sense. I guess because there are 20 trading days in a month. I thought maybe it was a magical location for support because so many watch it. Like the 50 or 200 or even in the fib 38,50,68. Maybe it does make perfect sense to watch what the masses or looking at.

Dave thanks for the info I did not know this. So if this is the case a nice short squeeze may trigger and cause a real nice pop for the longs. Thanks for explaining

[Runner]

Last question for a while Dave. What indicators and or oscillators for swing trading do you use in the following conditions:

Trending market up
Non trending market or sideways and choppy
Trending market down

Could you explain also why you use those indicators or oscillators?

Part II

How important is the broader markets action (Indices) in your decision process?
How about sector action and stock?
And lastly of the three Indices, Sector, and stock which is the most important and why?

[spikefader]

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

Hiya Dave, I didn't see a response about the cheeky 'this thread needs more color' post. Anyway, venturing on a limb with some more color in the hope you encourage other charting interpretations, perhaps even simplistic or non-traditional views?

I included actual triggers and r/r equations that I ponder and look for

DRQ:
Bullish potential near resistance!

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

Nice chart. Haven't checked intraday Friday, but I'd be looking for inverted SHS or double bottom to confirm a long, then with lod stop.



Run out of time to do charts for your other suggestions; got chinese lunch to go to.

Good luck this week Dave and all.

[DSteckler]

<< What indicators and or oscillators for swing trading do you use in the following conditions:

Trending market up
Non trending market or sideways and choppy
Trending market down

Could you explain also why you use those indicators or oscillators? >>

This is a real brief answer because I'm heading out. Use ADX to determine the "trendiness" of the market. I explained a couple of weeks ago how to interpret the ADX; search the forums (probably in this one) and you'll find it.

If the stock is trending, either higher or lower, use trending indicators like MACD and MAs to keep you on the right side of the trade. If non-trending, use oscillating indicators like stochastic or RSI to get you in near the bottom of the channel an dout near the top.

No time now to explain why I use these indicators so I'll get back to you on those later.

<< Part II

How important is the broader markets action (Indices) in your decision process? >>

Depends upon whether you're daytrading, swing trading, or position trading. Also, are you using intraday charts, e.g. 5-minute charts, daily charts, or weekly/monthly charts. Generally speaking, the longer your time horizon, the more important the broad market action is in your decision.

<< How about sector action and stock? >>

Very, if you're trading based on daily or weekly charts. It's a lot easier to swim with the tide than against it.

<< And lastly of the three Indices, Sector, and stock which is the most important and why? >>

Too complex a question to be answered in a short period of time. Entire books have been written on this topic.

[Runner]

In summary of my questions asked I could understand the intensive writing of the answers. I thought you might have been able to sum them up in a simple format. I retract the questions asked and surely would not want a book answer to them anyhow. I thought the real world quick answer would have been satisfying or appropriate. In fact I thought it would have been a great teaching point for others and myself.

[skiracer]

In summary of my questions asked I could understand the intensive writing of the answers. I thought you might have been able to sum them up in a simple format. I retract the questions asked and surely would not want a book answer to them anyhow. I thought the real world quick answer would have been satisfying or appropriate. In fact I thought it would have been a great teaching point for others and myself.

Runner,
I think you knew the answers, as they would pertain to yourself and your disciplines and strategys, before you asked them. So you know what my question would be to you without my asking the question.

[DSteckler]

<< I thought the real world quick answer would have been satisfying or appropriate. >>

Not all questions can (or should) be answered quickly.

[Runner]

<< I thought the real world quick answer would have been satisfying or appropriate. >>

Not all questions can (or should) be answered quickly.

10-4 Dave fair enough!!

[Lyehopper]

Steckler for President!!!!

<< I thought the real world quick answer would have been satisfying or appropriate. >>

Not all questions can (or should) be answered quickly.

Hey Steckler!!!! Are you a polititian? If not, you might want to look into the profession dude.lol

[DSteckler]

Please, don't be insulting! <VBG>

[IIC]

Please, don't be insulting! <VBG>

C'mon Dave...we expect nothing less of Lye

[mystiky]

BCRX - any thoughts?

BCRX has been acting a bit crazy lately with the Bird Flu hype.

I think its coming back down to the $18-$19 levels.

I feel so confident, that I shorted some today at $21.30+

Am I crazy?

[Websman]

BCRX has been acting a bit crazy lately with the Bird Flu hype.

I think its coming back down to the $18-$19 levels.

I feel so confident, that I shorted some today at $21.30+

Am I crazy?

I don't think so. It's now at 21.11 and it has a big gap to fill