Steckler's Star Studded Stock Picks

[DSteckler]

SIGM strong technically

Beautiful bounce (again) off the 20-day EMA. Notice how the volume has been stronger on the up days than the down days.

[DSteckler]

Possible short opportunity on RYL

RYL rallied nicely after falling below the 200DMA, closed just below the high, but...the close was below the 200DMA. Volume strong today and a bullish divergence between price and daily stochastic. The close is worrisome, however, and this may be a short opportunity setting up.

[DSteckler]

Float < 7 million, ERG > 250

BTUI - mentioned this one before. Nice consolidation going on and ADX is holding steady in the low 20's. ERG is a very high 282.

[DSteckler]

C&H and Cooper

CECE - a C&H with the handle a Cooper 1-2-3-4 setup; the pivot is coming through $7.20. Float is a thin 4.4 million and PSR is only 0.9, which should be attractive to some of the value buyers. Group RS rank is a very strong 95, up from 70 the previous week.

[DSteckler]

Bow tie candidates for next week

CNB - also a C&H pattern
GTRC
SIR
UHS
MNC

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 lowest bar in the setup.

[DSteckler]

Cooper 1-2-3-4 candidates for next week

TS
WHQ
ATI


Cooper candidate are stocks that have a high RS rank (95 or greater) and make a three-day pullback, either three consecutive lower lows or a combination of lower lows and inside days. Enter long on Day 4, 1 - 2 ticks above the Day-3 high.

The trade can be worked one additional day (lower low or inside day on Day 4, enter long on Day 5 one - two ticks above the Day-4 high). If it doesn't pop on Day 5, abandon the trade.

[DSteckler]

Motley Fool likes ASEI

Nice write up in their February newsletter. I mentioned the stock here last week, IIRC.

[New-born baby]

Asei

Nice write up in their February newsletter. I mentioned the stock here last week, IIRC.

The Fool isn't the only one: I received a "Relative Strength" alert on this one yesterday. Of course, earnings are out Wednesday, Feb 8. And if you look at the chart, it has a bearish price target of $59 (currently $67). What do you think? Is it going to pop higher?

[ParkTwain]

TS
WHQ
ATI


Cooper candidate are stocks that have a high RS rank (95 or greater) and make a three-day pullback, either three consecutive lower lows or a combination of lower lows and inside days. Enter long on Day 4, 1 - 2 ticks above the Day-3 high.

The trade can be worked one additional day (lower low or inside day on Day 4, enter long on Day 5 one - two ticks above the Day-4 high). If it doesn't pop on Day 5, abandon the trade.

Dave, what's the win rate on this setup? What are the accompanying factors that improve its win rate? Those kinds of things are the key facts. There are dozens of possible setups that we can toss around. This stuff should be based on some kind of research. Just trying to keep the signal-to-noise ratio at a high level on the board.

I also googled the Bow Tie setup that you had mentioned in a previous post and found nothing about it anywhere except coming from Dave Landry at the tradingmarkets.com web site. That tells me it's probably a new or closely held setup idea. Does Dave Landry's book ("Dave Landry on Swing Trading") give some basis for this setup's win rate?

http://www.tradingmarkets.com/.site/daytrading/commentary/traders/04092001-13998.cfm?yahoo=1

[IIC]

Nice write up in their February newsletter. I mentioned the stock here last week, IIRC.

Oh...I thought you were talking to me and accidently hit the "R" key...IIC

[Gatorman]

The Fool isn't the only one: I received a "Relative Strength" alert on this one yesterday. Of course, earnings are out Wednesday, Feb 8. And if you look at the chart, it has a bearish price target of $59 (currently $67). What do you think? Is it going to pop higher?

New-born:
In your opinion and experience, how accurate have P&F charts been in their assessment of reversals and also buy signals?

[DSteckler]

<< And if you look at the chart, it has a bearish price target of $59 (currently $67). What do you think? Is it going to pop higher? >>

What bearish target? Are you looking at a P&F chart? ASEI broke out of a descending trend channel on Friday and also happened to make a stochastic pop, which is very bullish.

I suspect the Fool article will cause a gap open higher on Monday. Should it turn out to be a gap 'n crap, that would be bearish.

[DSteckler]

Dave, what's the win rate on this setup? What are the accompanying factors that improve its win rate? Those kinds of things are the key facts. There are dozens of possible setups that we can toss around. This stuff should be based on some kind of research. Just trying to keep the signal-to-noise ratio at a high level on the board.

I also googled the Bow Tie setup that you had mentioned in a previous post and found nothing about it anywhere except coming from Dave Landry at the tradingmarkets.com web site. That tells me it's probably a new or closely held setup idea. Does Dave Landry's book ("Dave Landry on Swing Trading") give some basis for this setup's win rate?

http://www.tradingmarkets.com/.site/...98.cfm?yahoo=1

Nope, it's neither new nor closely held. You'll find very little about it at TM.com because Jeff Cooper left them years ago. Google "Cooper 1234." Also, he wrote about it in his books Hit & Run and Hit & Run II.

[New-born baby]

<< And if you look at the chart, it has a bearish price target of $59 (currently $67). What do you think? Is it going to pop higher? >>

What bearish target? Are you looking at a P&F chart? ASEI broke out of a descending trend channel on Friday and also happened to make a stochastic pop, which is very bullish.

I suspect the Fool article will cause a gap open higher on Monday. Should it turn out to be a gap 'n crap, that would be bearish.

Yes, I looked at the PnF chart target of $59. I did receive an alert on it (as I mentioned earlier), and that ought to help, too.

[DSteckler]

Cooper breakout

WHQ just popped above Friday's high.