Paul J Singh

Category: Chart

  • Monday’s Game Plan and Free Trade Report

    I am offering today’s Trade Report, which features my plan for Monday and the coming week, free to blog readers today. Enjoy! January 5, 2008 Market Notes The market is overbought. I’ll get back to that, but first let’s take a look at the overall picture. The market (via SPY-SSO)…

  • Bullish Setup in Financials

    A nice bottom pattern is forming in financial stocks and the leveraged ETF UYG.  Trade management is made easy with a stop placed below Friday’s close and the target near the recent high.  I may be tomorrow on weakness.

  • Buying and Sellng Extremes: The SKF Trade

    My strategy over the past few months has been to be patient and wait for extreme conditions to surface before making both long and short entries. A good example of this type of trade is the SKF position I entered yesterday (detailed in the trade report). Here are my entry…

  • Thoughts on Market

    While I’m bullish on the market, my preference to enter long trades at extreme oversold conditions is keeping me from entry at these levels. I’ll buy SSO on a pullback that works off the close to overbought conditions. However, I will also short the S&P 500 via SDS once it…

  • Chart: DIG

    There’s a lot to like about the DIG chart: 1.   Postive RSI divergence 2.  Successful test of bottom support 3.  Long tail price bar at support 4.  Oversold stochastic turning up 5.  Strong obv and volume action

  • SSO Chart

    Within the trading range. I’ll wait for extremes to emerge.

  • Bullish Chart: CPO

    CPO has formed a nice bottom formation. Price has broke out over price and moving average resistance, RSI has formed a positive divergence and volume shows strong accumulation. I like it on a pullback to support.

  • APOL Exit

    I exited the second half of my position in APOL today at the close. I still like the stock, but it is very overbought at the moment. I’ll look to re-enter on a pullback.

  • Possible SKF entry

    A little more bounce would provide a low risk entry in SKF, which gets you short financials:

  • Support Becomes Resistance for SSO

    Following the recent breakdown, old support has become resistance. This offers a low risk short entry near R levels.

  • RIMM: Patiently Awaiting Entry

    I like RIMM‘s recent price and volume action. However, it is in overbought territory, so I’ll wait for a pullback. The pullback must continue to create a nice accumulation pattern. High volume on the pullback negates the setup.

  • SSO Provides Low Risk Entry

    While the “edge” or probability for the trade may be 50 percent or less (accumulation pattern is not what it was a week ago), SSO does provide a low risk entry point that can be easily managed with a stop under the recent lows. I am willing to take low…

  • China’s Chart Give’s a Clear Answer

    The FXI weekly chart is quite illuminating and a good example of the importance of volume. What does the current volume pattern tell us? Compare to the previous volume patterns during the top and bear run, and the answer is clear . . .

  • Education Stocks Showing Accumulation and Relative Strength

    A few sectors asserted themselves during last week’s market up move. Education stocks are on fire and showing buying interest from the big boys. While most stocks are coming off bottoms and nearing resistance levels, education stocks are near recent highs. Focus list stocks include EDU, DV, CPLA and APOL.

  • UYG Setup and Trade

    We still see a nice accumulation pattern. I took a position today within the triangle pattern. I have a tight stop in place in case the break is to the downside. Low risk, high reward.

  • I Own Today’s Biggest Gainer

    My only existing full positions, DIG, also ended up being the biggest gainer of all ETFs today. It gained a whopping 22 percent today. I still see much room to the upside, with an intermediate term target at $50.

  • SSO Chart

    The S&P 500 has clear buy and sell zones that can be played to limit risk and provide optimal entries. I am waiting to enter as near to these zones as possible.

  • Kellogg: The New Momentum Play

    Kellogg, Campbell Soup and Clorox–the new league of momentum stocks. When these types of stocks are the only bullish trending stocks around, you know it’s not a bullish momo traders paradise (it is for bear trend traders). Kellogg looks good on a pullback to support.

  • Got Soup?

    CPB has a nice looking chart. This is one of the few traditional non-bounce related setups that has made my watchlist:

  • X Short Setup

    A few more days of bounce would cause X to seup as a nice bear flag short candidate:

  • Postive Divergence in Apple

    Today I entered AAPL at $124.92. I like the way the stock has handled the retest of the recent low, holding the level and printing positive divergences in a few indicators. While the primary trend is down, I expect that resistance will be tested. The range marked on the chart…