Steckler's Star Studded Stock Picks

[DSteckler]

Out of IOTN for a 10% gain. Not bad for three days.

[DSteckler]

Float < 7 million, ERG > 250

BTUI - nice bounce off the 50DMA yesterday. Turned abck at the 20-day EMA today.

CTRN - fell through the 50DMA today on extremely heavy volume. Good short opportunity on a bounce higher. Use a close above the 50DMA to cover.

[Trevormore]

Grmn

All I can say is heads up if she breaks 71...she seems very coiled. SIRF and TRMB have broken out...GRMN sure to follow

[DSteckler]

A few to watch

AMT - sticking to its 20-day EMa like glue. ERG = 243 and estimates the next two quarters are up 113% and 143% respectively, YOY.

ASPV - consolidating in a symmetrical triangle. ERG is a nosebleeding 296 and estimates the next two quarters are up 202% and 1,300% (!) respectively, YOY.

CACS - very low ADX (10.74) and rising stochastic/RSI suggest a strong move higher.

[Trevormore]

GPS stocks

What a ride this week....notice that SIRF has given back all of todays gains...up near 2 earlier....while GRMN was down earlier its now over 71 and twittering with its all time high.....the trend on these story stocks is up in my opinion and will be throughout most of the year....but as you probably know they are volitile

[Trevormore]

SIRF and GRMN

Ok....this play is just about taking up all my time...sold all the GRMN shares on this spike around 71.40.....and bought SIRF at a discount today at 39.75.....maybe SIRF will find it has another rally left in it later today

[Trevormore]

Ice

Alert for potential breakout on ICE...ath is 58.40....todays high 58.35...now at 57.65.....part of a very strong group that includes ISE GFIG BOT

[Trevormore]

Ice

Been knocking on the door at 58 even several times today.....if it gets thru i think it rockets up...currently 57.95

[Trevormore]

Ice - last post

Assuming ICE closes up here near 58.75 I would expect a nice little gap in the morning...target on this run is 60.25

[New-born baby]

Nice Ice

Been knocking on the door at 58 even several times today.....if it gets thru i think it rockets up...currently 57.95

Very nice call on ICE.

[mystiky]

Goog

Hi Steckler,

With all the goings on with GOOG, what are you thoughts on the chart for the next 2 weeks? I am thinking of selling some March calls, and to my eye, it looks like there is quite a bit of resistance in the $395-$405 area. In addition, the 50-day moving avg is at $410 and heading lower every day.

Do you have any thoughts? The March options expire on March 17...

Thanks!

[DSteckler]

Hi Steckler,

With all the goings on with GOOG, what are you thoughts on the chart for the next 2 weeks? I am thinking of selling some March calls, and to my eye, it looks like there is quite a bit of resistance in the $395-$405 area. In addition, the 50-day moving avg is at $410 and heading lower every day.

Do you have any thoughts? The March options expire on March 17...

Thanks!

There's a double bottom around 337 - 338, Mystiky. That's also the 200DMA. As long as GOOG remains above that it should be okay. The daily technical indicators show downside pressure.

Take a look at the weekly chart. Using the all-time low and the all-time high, a 38.2% retracement level is around 330. Note that the recent lows held above this, which is bullish.

However right now there's a descending right triangle and that's potentially bearish. If the support gets taken out, the target objective is around 270. The 50% retracement level is around 284, which isn't too far above the target objective.

[Trevormore]

Very nice call on ICE.
__________________
Mr. Dividend

Thanks for mentioning ICE. That setup looked really good and so far that is the case. Another setup in the making for tomorrow, although not quite as strong imo, is ISE. Looking for a breakout there. Also, GFIG put in a nice bullish hammer it appears today, although I admit that candlesticks aren't really my forte.

[Trevormore]

Oil and VLO

Oil prices were strong once again today. I will repeat my belief that oil prices are heading north, and that talk of mid 50 oil is just wishful thinking. The world is too messed up in various places for oil to make much of a decline. Several reasons for increasing oil prices......but here's one that hasn't been talked about much. On March 19 Iran is set to open the Iranian Oil Bourse, pricing oil in Euro's. Could this undermine the dollar? If so, then oil prices will have to rise further just to keep pace. Won't happen immediately, and still a chance this thing will be a flop, but Iran is forcing the issue on lots of fronts, and the results wont be good no matter what happens. I am long unleaded gas currently, and this Spring is going to be a doozy for refiners...gonna be tough to produce enough unleaded to meet demand. Look at VLO....nearing a breakout above 57.25.....may get it tomorrow, however, it wouldn't surprise me to see a down energy day going into the weekend.

[ninner]

doji today

Very nice call on ICE.
__________________
Mr. Dividend

Thanks for mentioning ICE. That setup looked really good and so far that is the case. Another setup in the making for tomorrow, although not quite as strong imo, is ISE. Looking for a breakout there. Also, GFIG put in a nice bullish hammer it appears today, although I admit that candlesticks aren't really my forte.

GFIG did put in a doji today...however, the STO are turning down slightly as well as the RSI...dont bite yet till a strong buy signal appears. The weight of the market can bring this down further. Watch where GFIG opens tomorrow if it opens lower...usually after a doji it will go lower..or vice versa.

cheers