Steckler's Star Studded Stock Picks

Dave,

do you see ICE as a continuation head and shoulders pattern?
jim

Sure do. A deep H&S, too - should be good for 20 points.

Dave,

do you see ICE as a continuation head and shoulders pattern?
jim

Bow tie candidates for next week

ELTK
WDC
SGU
LGL
AMED
ONH
BGF
SHO


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.

No Cooper candidates

Which tells you that the market is heated up, since there has been no pullbacks in any of the high RS stocks.

HYDL moving again

Broke out of a two-week consolidation zone. Volume Flow Indicator went bullish yesterday.