Steckler's Star Studded Stock Picks

[DSteckler]

<< Today there was a harami bar (in Western terminology, an inside day), which signals indecision between buyers and sellers. It will be interesting to see if tomorrow is inside today; if so, that will make a symmetrical triangle.



The above was from a few days ago.

Since it closed today above that 40.15 mark, are you expecting it to go higher from here? >>

Since Day 3 was not an inside day, there was no symmetrical triangle. It's now range trading so a breakout above 41 or below 35.70 will be necessary to identify direction.

[DSteckler]

Abp

Nice breakout today on 2X ADV.

[DSteckler]

For this morning

MDR - climbing a rising trend channel. A Cooper 1-2-3-4 candidate with the pivot today at $52.40. ERG is a very strong 279.

SIGM - this one loves to hold its 20-day EMA. Earnings estimates up 100% and 300% respectively, YOY. Volume has been steadily decreasing during the recent consolidation period.

[DSteckler]

A few more that look good this morning

AKAM - holding the 20-day EMA real tight. ERG = 258 and estimates for the next two quarters are up 50% each respectively, YOY.

ABX - gold is hot and so is ABX. ERG = 266 and estimates for the next two quarters are up 300% and 130% respectively, YOY.

KCS - rising trend channel since late October. ERG = 268 and estimates are up 32.20% and 100% respectively the next two quarters, YOY.

[DSteckler]

Something's up with VPHM

Up 4% and volume is already almost 1/3 ADV.

[DSteckler]

Locking down some profits today

Can always reload in a day or two.

[DSteckler]

ESI worth watching

Smack-dab in the middle of a symmetrical triangle. That's a consolidation pattern so watch for a breakout in either direction. Right now it's between the 20-day EMA and 50DMA so it's anyone's guess at to what happens next.

[DSteckler]

GOOG to move?

GOOG reports after the close - the front month options were trading at a volatility level this morning that prices in a 14% move, making a 60 point move the over/under.

[Trevormore]

Brcm

Looking to re-enter BRCM but waiting for it ti washout after lasts weeks spike. Doesn't appear to me that she wants to fll much further than the mid 67's....anybody with a different opinion? Will wait til after the Fed announecement regardless.

[Trevormore]

Orct

Thanks for the headsup yesterday on ORCT ...entered this morning...others that look good to me are NWRE at 26.25, although this one has since moved back above 27....maybe a little patience and she'll come back down. Also, can't help but wonder about NTES....when o when is she gonna break out? Gets near and falls back...over and over

[DSteckler]

NWRE ran away from me a couple of days ago and I never got filled. Got it today, though.

[Trevormore]

Brcm

Took this opportunity to buy back in at 67.65...willing to wait....too many good things happening for this company not to revisit the 70's imo

[Trevormore]

Fed rate hike

My feeling is that the mkt plays out like it always does....the initial reaction is usually the wrong one....and from what I remember if the mkt is down initally after the rate hike it pops right back over the next day....and vice versa. My trading strategy is now based on a higher mkt over the next few days......

[DSteckler]

This from Sentimenttrader.com: "Whatever happens to equities after the Fed announcement this afternoon, it's important not to let emotion get in the way. I want to remind everyone once again about the market's tendency to reverse its initial close after the meeting. For example, looking at the 16 Fed decisions over the past two years, only 3 times has the S&P closed in the same direction three days later as it has the day of the meeting (i.e. if the S&P closed positively the day of the decision, then it was typically lower 3 days later.) This isn't just a recent phenomenon...the same holds true even going back 10 years. It's not a lock, but it's certainly consistent enough to keep in mind."

[DSteckler]

WYE at support

WYE gapped open lower below its 20-day EMA and fell to the 50DMA, where it's holding. The 38.2% retracement level of the of the run from the Dec. low to the Jan. high is just above the 50DMA. If the MA gets taken out on a closing basis, look for a pullback to the 200DMA, around 44.95.