Steckler's Star Studded Stock Picks

[DSteckler]

Mouse!

DIS is in a symmetrical triangle, following up on the C&H breakout (on the weekly chart) a few weeks ago. "Funny" how the stock has performed so well since Eisner took a powder.

[DSteckler]

Twgp

Continues to climb the rising trend channel it's been trading in since the beginnning of March.

[DSteckler]

EXP bounces

Off its 200DMA. A 50% retracement of the drop since the April high targets around 60.50 but I expect resistance at the 20-day EMA, around 56.

It looks like EXP may have finished a C correction wave. Using the October 2005 low and the April 2006 high, EXP pulled back about 61.8% of that rise. An A - C corrective wave typically retraces 61.8% of an impulse wave.

[DSteckler]

Worth watching

JOBS. An orderly pullback to the 20-day EMA on steadily decreasing volume. RSI bottomed and turned higher at 53, a bullish sign.

NEU. Stochastics bottomed as the stock turned higher but it's having difficulty getting back above the 50DMA. If it can't get through (or stay above the MA), look at it as a shorting opportunity.

TIE. Completed an ABC corrective wave and is starting to move higher. Closed above the 20-day EMA yesterday, a bullish sign.

[DSteckler]

Re: Worth watching

JOBS gapped open higher and is now up 4.5%.

[IIC]

JOBS gapped open higher and is now up 4.5%.

Of course...I sold it yesterday

[DSteckler]

Getting ready for the next leg up?

Nice move this morning in LTXX, up 5.5%.

[DSteckler]

Huge move

In LQDT, up almost 15%. No news that I could find.

[Runner]

JOBS. An orderly pullback to the 20-day EMA on steadily decreasing volume. RSI bottomed and turned higher at 53, a bullish sign.

NEU. Stochastics bottomed as the stock turned higher but it's having difficulty getting back above the 50DMA. If it can't get through (or stay above the MA), look at it as a shorting opportunity.

TIE. Completed an ABC corrective wave and is starting to move higher. Closed above the 20-day EMA yesterday, a bullish sign.

NEU looks like a possible short Dave. What you think? Gap down after putting in highs. Seems to be drifting.... I say caution here....

[Runner]

In LQDT, up almost 15%. No news that I could find.

Boy, I thought this one was setting short...WRONG again...hehehe

[DSteckler]

NEU looks like a possible short Dave. What you think? Gap down after putting in highs. Seems to be drifting.... I say caution here....

It was halted at the confluence of the 20-day EMA/50DMA, Runner. The pattern this week is a rising wedge (bearish after a descent) and the volume on the way up was steadily decreasing. Today's high was also just below the 38.2% retracement of the 5/5 - 5/22 decline; a retracement that doesn't go higher than that is a bearish sign.

Wait for Tuesday's action to confirm the potential failure before entering a short, though. If the market is strong next week NEU might shrug off the bearishness and keep moving higher.

[DSteckler]

No Cooper 1-2-3-4- stock this week

For the second consecutive week.

[DSteckler]

Bow tie candidates for next week

HSII
VSNT
GFSI


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]

Worth watching

ANDE. Small rising right triangle right below the 20-day EMA. Estimates for the current quarter are up less than 5% but for the next quarter are up 211%. Small float (6.7 million) and a PSR of only 0.6 makes it attractive to value buyers. ROE = 19.37%.

DXPE. Trying to form a bottom after falling below its 20-day EMA.

HANS. On Friday it started to break out of a falling flag pattern. Whether it follow through today in the face of a nasty market open (Naz Sept. futures down 10.75 as I type) remains to be seen.

[DSteckler]

IAG in the clear

Moving above the 20-day EMA on good volume for this time of day. Estimates for the next two quarters are up 450% and 267% respectively, YOY.