Paul J Singh

Category: market notes

  • Quickie Trade Update

    I’ve been even busier than usual, so another quickie trade update. I took partial or full exits in all of my shorts. The AAPL and FSLR shorts have been magnificent. I added 100 shares of MON at $119. If things slow down a bit tomorrow, I’ll have a full update.…

  • Current Market Thesis

    I just finished up my research for the coming week. It’s clear to me that there are only three sectors I want to buy right now. In the coming week, I’ll be looking for clean entries in gold, oil and farm related trading vehicles. Lots of good looking shorts, but…

  • Anatomy of a Broken Momentum Stock – Bad Signs For Market

    I am seeing a lot of momentum stocks which have broke down below their trend lines. CPLA is a good example. During the trend, the stock has continually bounced off either the 20 day or 50 day moving average. Just as important, down moves have not shown much distribution. That’s…

  • Quick Trading Notes

    I covered some of my shorts today, though I am still holding the GS short. I was stopped out of BIDU. Still holding MON. I made two trades today. I bought SWN, an independent oil stock that I like quite a bit. I also initiated two shorts, AAPL and FSLR.…

  • Thoughts to Start the New Year

    Ignore the market forecasts. It’s all bunk. Nobody knows where the indexes will be a year from now, or which sectors will gain interest. Pay close attention to sector accumulation and distribution patterns, along with price action. Some sectors will fall off the map, allowing for new sectors to enter…

  • Catching a Breakout Early: CF Trade

    On Tuesday I bought 300 shares of CF at $92.05. Today the stock broke out over resistance at around $100 and closed at $107.76. I sold half my position near the close at $107.34 for a $2293 gain (+16.6%). I am holding 150 shares and will buy more on a…

  • Market Selling Bounces Instead of Buying Dips

    With the current state of the market, the prudent thing to do is to sell bounces. We are seeing a change in market character, folks. Remember just a short while ago, when strength beget more strength and dips had to be bought? Those days are behind us, at least for…

  • Market Note, Trades and Videos

    It’s still too early to tell if today’s market action is the start of a new trend. I am looking to add a short or two, but won’t get get heavily short until a trend starts. Today I went short FCX, DHI and NCTY, and they all went in my…

  • Today’s Plan

    I’m ignoring the fact that today is fed day and just looking for entry prices from my watchlist to get hit. I’ve already taken a long positiions in JASO and AGU today, and a short position in a homebuilder (I can’t remember which one at the moment).

  • Ain’t No Glass Chin Here

    I’m taking it on the chin today. Not only from the market, but readers as well. It’s comforting to know that I can bring so much joy to so many of you. It seems some of you derive a lot of pleasure from my pain. I guess that comes with…

  • Trade Analysis via Video Webcast

    Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short. http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676 Yesterday’s trades:As noted in yesterday’s video, I went into the week with my…

  • Today’s Trades: QID, NOV, AAPL, MA,TOL

    As noted in yesterday’s video, I went into the week with my bear hat on. I don’t trust this market. Price action has been horrid of late. It’s not just the distribution days, but the nature of the subsequent consolidation. Every attempt at a bounce has been met by quick…

  • Focus List Video: QID

    At the top of my focus list is QID, which is an ETF that is a leveraged Nasdaq short. Take a look at today’s video to see how I plan to trade it. http://flash.revver.com/player/1.0/player.swf?mediaId=498261&affiliateId=93676 http://revver.com/watch/498261/flv/affiliate/93676/qid-stock-trade-setup-11-25-07/

  • Invest Like a Shark

    I am currently reading Invest Like a Shark by James DePorre. For those who don’t know, Deporre, otherwise know as Rev Shark, lost his hearing, job and wife before starting to trade with a $30,000 stake and turning it into millions. Thus far there isn’t much that I already don’t…

  • Market Notes: Indecision

    Talk about your emotional swings. I laughed, I cried, and in the end I am merely content. Both the S & P 500 and the Naz closed up slightly after a wild day that saw both bulls and bears doing the profit dance. Take a look at this chart of…

  • Panic Overwhelms the Market

    Well my friends, panic seems to have set in. I sense there is something different about today’s decline. Over the past couple of weeks, dips have been met by underlying strength, and the general mood was that they were to be bought. No fear whatsoever. That’s not the case today.…

  • Quicke Trade Update

    Quick note that I am long MA ($181.04) and QLD, leveraged long Nasdaq ($99.63) and closed out QID, leveraged short Nasdaq ($40.80). I am using weakness today in anticipation of a bounce based on oversold conditions and the holiday tendencies. I picked MA because it has held up well at…

  • Sector Review: Where Have the Momentum Sectors Gone?

    As usual, I went over the this past week’s top and bottom peforming sectors. Most of the sectors that performed well do not look good as longs. This is not a good sign for the market. At best, it signals new leaders are emerging. Worst case scenario is that most…

  • Shorts Outnumber Longs on the Watchlist

    My shorts list outnumbers my long list 3:1 right now. I am only considering longs that recently broke out on high volume (usually due to earnings), and have held the breakout point. WFR is a good example:

  • Quick Hit Market Thoughts

    In Sunday’s post, I talked about not trying to game the first bounce and playing the second bounce. The first bounce is underway. I expect that we will see a retest of the recent lows shortly. Assuming they hold, that is the bounce to play.Volume was not good today. Volume…

  • High Flyers Have Lost Their Wings

    My focus list, which is mostly comprised of momentum stocks, looked ugly today. Not only was there a lot of red, but many stocks have broken major support levels. Because of this, I cannot play a bounce in these stocks. I never play bounces when support has broken. Many of…