Steckler's Star Studded Stock Picks

[DSteckler]

VRGY breakout

Nice move on this recent IPO.

[DSteckler]

Remember when?

The market actually traded in the same direction for more than one day? I think technicians called it a "trend." <VBG>

[DSteckler]

Black gold

Today's action looks like it's confirming the double top in the XOI.

[DSteckler]

Next up, financials?

IYF threatening to break up above its 50DMA. At its June low it retraced 50% of the rise from the October low to the May high.

[DSteckler]

SID setting up

C&H formation.

[DSteckler]

Upside bow tie candidates for next week

ACGY
ARS
ABR
BWINB
BDCO
BOSC
CCJ
CBR
CBU
GGY
SID
COP
DNR
DSGX
DVSA
DPL
DTSI
EAS
XOM
GDI
GTW
GGG
GWW
HARB
HELX
HTBK
HYDL
IBIS
ITMN
INTV
ISRG
KRO
LCRY
MCBC
MDCO
VIVO
MON
NPBC
NEM
NXY
NOVN
PEET
PLPC
PWR
SM
SU
SYY
TPO
TZOO
VISG
WHQ

Lots of oil companies in this list.


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

VECO - symmetrical triangle but it couldn't punch through the 50DMA. OTOH, it didn't collapse on Friday, either.

WMG - formed a cup, now forming a hadle.

[DSteckler]

BRKR worth watching

Choppy chart but it formed a symmetrical triangle the past week. Daily technicials improving, as are the weeklies. Estimates for the next two quarters are up 100% and 200% respectively, YOY.

[DSteckler]

Roll over, Beethoven

XOI is rolling over. Very short-term support is around 1149. First significant support level is around 1117, the 38.2% retracement level (using the 6/13 low and the 7/7 high), which is also just below the 20-day EMA.

[Runner]

Dave, Gold and copper groups look pretty good...

[DSteckler]

WHQ breaking out

Decreasing volume in the recent sideways consolidation.

[DSteckler]

Worth watching this morning

ABI - misses being a Cooper setup by 1 RS point (RS = 94; Cooper requires 95 or higher). Earnings estimates for the next two quarters are nothing to get excited about, however - up only 9.68% and 12.5% respectively, YOY.

CAL - C&H formation.

[Jim Smith]

Camh

Dave, does the daily chart look like a diamond pattern here over the last several days? Which way do you think it will be resolved? Thanks.

[DSteckler]

Dave, does the daily chart look like a diamond pattern here over the last several days? Which way do you think it will be resolved? Thanks.

Not really, Smitty. Diamond patterns are usually tops and CAMH is nowhere near a top. The action the past few weeks is a rectangular base. If there's a weekly close above 2.55 then CAMH should test 2.78 - 2.80.

[DSteckler]

worth watching

NUVO - very low ADX reflecting the tight daily range.