Paul J Singh

Category: Chart

  • Chart: GRP

    GRP, an oil services/drilling play, has been on my secondary watchlist for quite some time. I was hoping for a bit more of a pullback on Thursday, but the stock recovered nicely on Friday, albeit on low volume. I won’t be trigger shy the next time I see a low…

  • Chart: CCJ

    Way back in December, I had highlighted CCJ as a Uranium play on a breakout over $42. While I missed out on that trade, I entered today at $50.10, as it recovered from yesterday’s dip. Anybody care to analyze this trade?

  • Chart: DXPE

    As stated in the “today’s trade” post, I took a position in DXPE. The stock is a nice breakout-pullback candidate, and also has been under heavy accumulation over the past month and a half. This leads me to believe the stock will find strong support at current levels and could…

  • Anatomy of a Possible Breakout Chart: EWZ

    Based on the annotations to this chart of EWZ, I would be a buyer on a high volume break of $50, or a low volume pullback to $$47. The key to this chart is not only the support and resistance levels, but the pickup in volume. This indicates institutional interest.…

  • Amazing Chart: SBGI

    I’ve been holding SBGI for about a week now. My original post was more focused on recent price action. However, if we back the chart up to the last 6 months, we will see one of the most beautiful looking charts one could ever hope to find. The stock started…

  • Chart: HAL

    HAL (Halliburton Co.) wiped out a month’s worth of gains on an insane amount of volume. However, it did not knock out any major resistance points and handles the 50 day MA quite well. Take a look at the tail the stock printed as the stock briefly dipped below the…

  • Bullish Chart: JOSB

    While my post after the market close reaffirmed my bearish stance, I am finding more and more solid long setups. The health care sector is smokin’, with stocks like HRT and ROCM leading the way. In this market environment, the only longs I’m willing to trade are stocks with high…

  • Monday’s Gameplan and a Look at Some Energy Plays

    Not much has changed for me heading into this week. I still plan to short strength and cover weakness. Much of the market is looking oversold, so I won’t initiate anymore shorts until I see a decent sized bounce. I am interested in watching for longs in energy, especially oil…

  • Strong Chart: BOLT

    BOLT has one of the better looking bullish charts that I’ve been able to find. Take a look at the increased money flow, which indicates institutional interest. I’d be hesitant to enter, as the stock is a bit extended. A low volume pullback to support would be an ideal entry.

  • Chart: Analyzing the Nasdaq Composite

    Wow, that was some fakeout we saw today. Once the Nasdaq broke down below 2350 and the recent low, I was sure we were headed for a retest of the 200 day MA. Now I’m not so sure. The Naz (and other indexes), printed quite a powerful candle today on…

  • New High Failure Trade and AAPL

    One of my favorite short plays is the “new high failure” trade. There are three elements to this trade: 1) That stock makes a new high2) RSI peaks at a lower level than the previous high3) Take a short position if and only if the stock dip below the previous…

  • Today’s Trade: SSRI

    I’ve been eying metal related stocks for a short, and SSRI (Silver Standard Resources, Inc.) seems to be rolling over for a retest of last week’s lows. More than a few elements make this an attractive short. 1. The low volume pullback seems to be stalling right at resistance. 2.…

  • It’s a Small World – ETF Style

    It’s amazing how similar almost every single market looks, whether we are talking sectors or countries. Let’s take at some country ETFs. I’ll start off with Brazil, since EWZ is one of my favorite trades. It is not surprising that we see a death defying drop followed by a low…

  • Today’s Trade; VLO and QID

    I’ve traded these stocks so much that past few days, they feel like family. I bought 500 shares of QID at $55.86. I’ve been trading in 1000 share blocks, but I’m not sure that there won’t be more of a bounce in the Q’s, so I’m keeping the position size…

  • Get Ready to Short the Bounce

    Hopefully this bounce can last another day or two. I will use market strength tomorrow to deploy a few short plays. A lot of sectors are setting up the same way, so I’ll stick to QID and a few select sectors and stocks. Financials, commodities (not oil), tech and China…

  • Chart: STLD

    Steel has been one of my favorite sectors over the past few months, with STLD being the trade of choice. Notice that the 50 day MA and the gap level converge at the same point. It will be interesting to see if the stock can hold above this level ($35.75-36).…

  • Some Good Looking Charts (and a fight clip)

    I haven’t been able to find too many good looking charts on the long side. However, I do see a ton of nice looking charts for short setups that just need a little bigger bounce. Here are five stocks that look darn good in any market: SMSI, AKS, LDG, FDG…

  • Breakout Chart: AVP

    AVP broke out on heavy volume out of a 3 month consilidation. This is what Alan Farley would call a “power spike“. Over the next few days, I’ll be watching closely for a good entry point. Being that it’s Avon, I’m getting some pressure from my wife to enter this…

  • Chart: NVL

    NVL is setting up nicely with a high, tight flag after a breakout. An aggressive trader could enter now using a stop just under the flag formation, but I will likely wait for a breakout over $38 on high volume. ***AGLOCO pays you to surf the net! It’s a great…

  • Brazil is Hot! EWZ Chart.

    EWZ is setting up for a nice pullback entry. While the solid uptrend and pullback to the 50 day moving average are nice, what really makes this stock attractive is the surge in volume this month. The big money is definitely flowing into this Brazilian ETF.