Steckler's Star Studded Stock Picks

[DSteckler]

Stochastic pop setup

On GI. Should trigger it on today's close barring a sharp intraday turndown of the stock.

[DSteckler]

HPI breakout

On a preferred stock income fund with an 8% current yield. Whodathunk it?

[DSteckler]

Short setting up

INFA - H&S pattern that closed on the neckline. Should be good for 3 - 3/12 points lower if it breaks.

[DSteckler]

Got this from a buddy

"The PALM earnings report should help XING as they are making the palm treo in china. Watch XING if it gets thru 8.40."

[DSteckler]

OCPI selling appears over

OCPI pulled all the way back to its 50DMA on declining volume and has bounced nicely. ERG = 286 and estimates for the next two quarters are up 300% and 100% respectively, YOY.

In all my years on Wall Street I never met anyone from Wall Street who claimed they never knew any technicians that made real money in the markets. Traders/technicians like Larry Williams and Jim Rogers are two that come to mind.

[Lyehopper]

INFA - H&S pattern that closed on the neckline. Should be good for 3 - 3/12 points lower if it breaks.

I good one Dave.... good eye dude.

[Rob]

Jim Rogers

Traders/technicians like Larry Williams and Jim Rogers are two that come to mind.

Jim Rogers? You mean the commodities guy with the bow tie who always shows up on "Cavuto On Business"?

[DSteckler]

That's him, Rob.

[DSteckler]

MINI's not so small

Breakout on extremely heavy volume.

[DSteckler]

Talk about your reversals

FCFS pegged 17.36 on Wednesday and is now trading at 20.81.

[DSteckler]

Missed this one

Delphi Fund value investor Scott Black was on Bloomberg TV today talking up INVX. Could be worthwhile on a pullback (it's currently up 5.5%).

[DSteckler]

ATHR - a Cooper candidate

Broke through yesterday's high earlier today. Volume is only 1/2 ADV and the stock is negative for teh day.

[DSteckler]

TIE - CH&S

TIE has formed a continuation H&S pattern. Very low ADX (14.23) suggests the breakout, whichever direction that takes, should be strong. ERG is a strong 280 and estimates for next two quarters are up 200% and 101% respectively, YOY.

[DSteckler]

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

NTES

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]

Bow tie candidates for next week

BPOP
VFC
TR


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.