Category: Pullback
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X: Low Risk Setup
X provides a low risk setup as it pulls back to the 50 day moving average. If the market tanks, X will go down with it, but losses are easily managed at this level.
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Buy the Dip
I’d suggest most traders continue to stay on the sidelines. If trading, my preference right now is short term long plays. Homebuilders and airlines look good, but only on pullbacks.
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Can We Buy CNX’s Pullback?
Ronald wants to know if I consider the 3.7% drop in CNX, a stock I highlighted earlier in the week, a buyable pullback. While I would not buy just yet, the stock is still technically sound. Support has not broke and volume on today’s decline was within the stocks normal…
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Today’s Trades: SGR, OII, BHP, JASO, EDU
I am using today’s dip to buy stocks from strong sectors nearing support. I made the following trades: 300 shares of SGR at $68.00. This is an infrastructure and post earnings suprise play. 300 shares of OII at $78.50. I’ve been waiting for this energy stocks to pullback near 20…
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Today’s Trade: AEM
I bought 300 shares of AEM at $46.85. I’ve been waiting for a pullback to support in gold and it looks like we’ve finally got one. Stochastics have reached extremely oversold levels and obv has dipped to a support level on low volume. There are a few reasons to be…
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Trade: MMM
Later in the day I bought 400 shares of MMM at $88.75. The stock shows no signs of the recent market slide. I know some of you are scratching your heads thinking “it’s dropped from $92 to $88.” I see that too, and I like it. While many stocks pulled…
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Trades: FTO, VLO and CMG
Three trades based on confirmation moves after pullbacks to support. All three positons came from my “primary 100 watchlist”. CMG was on the top 25 low floats posted yesterday. I bought 500 shares of FTO at $46.05. Nice high volume confirmation move at support. I bought 300 shares of CMG…
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SNCR: No Longer an Ideal Pullback Candidate
I received an email from a reader who asked if today’s pullback in SNCR was an entry signal. My answer was a not so subtle, “Not on your life!” In last night’s chart post, I mentioned that I liked SNCR on a pullback. Those that have been reading me for…
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What if your pullback play goes against the overall market?
I recevied the following question from a reader. It’s a tough one to answer, as I have no hard and fast rule on the topic. I wanted to know if you will enter pullbacks that look good even if the market was strong during the pullback? Basically say the DOW…
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Today’s Trades: OII, HEI and MT
Today I took positions in three of the six stocks that I posted on my primary watchlist last night. All three are pullback plays in trending stocks. Due to the current nature of the market, I cut my normal position size in half for these trades. I bought 250 shares…
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Primary Watchlist for Wednesday
Here are six of my favorite long candidates: VRGY, HEI, JCG, CYNO, OII, MT. All are trending stocks with nice pullbacks. While these are short term trade opportunities, MT and OII (two of my favorites in their respective sectors-steel and gas equipment) will be buys for my longer term position…
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Today’s Trades: GMRK, EWZ and AAPL
Yesterday, I sold 200 shares of AAPL at $108.25 (entry at $101.25) for a $1400 (+6.9%). I had moved my trailing stop when the stock hit $110. I have a feeling a long tail is going to print today, followed by another move up. I hope I didn’t sell too…
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Today’s Trades: ZOLT, FUL, TSL
As mentioned in comments yesterday, I sold: 250 shares of ZOLT at $31.80 (entry at $32.30) for a $125 loss (1.6%). 500 shares of FUL at $26.14 (entry at $27.22) for a $540 loss (4.1%). I am upset at myself over this trade because I did not pay attention to…
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Today’s Trades: TZOO, GROW, MVIS, FUL, VLO
I sold 500 shares of TZOO at $39.85 (entry at 37.72) for a $1065 gain (+5.6%). This stock was a textbook breakout-pullback play. I bought on a pullback to support after the mid-March breakout, and sold on the new breakout. In the meantime, I was also able to make a…
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Today’s Trades: HES, VDSI and AAPL
I sold 300 shares of HES at $57.55 (entry at $55.91) for a $492 gain (+2.9%). I bought 200 shares AAPL at $$91.05. I had been looking to see how AAPL would handle a pullback to the peak of the double bottom formation it recently broke out from. The hammer…
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Today’s Trades: GROW, MVIS, QID, EWZ, HOKU
I sold 600 shares of EWZ at $51.80 (entry at $50.43) for an $822 gain (+2.7%). I suspect that it will retest support at $50, which could provide another entry. I sold 1000 shares of HOKU at $6.44 (entry at $6.11) for a $660 gain (+5.4%). There is not enough…
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Potential Breakout-Pullback Candidate
JAH (Jarden Corp.) has most of the characteristics I look for in a breakout-pullback stock: Price breaks out over established resistance on above average volume Stock closes near the high of the day, printing a long range bar Evidence of accumulation prior to breakout RSI is at a higher level…
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Trade Review: HOC
Before posting my review of the HOC trade, I’d like to answer a question posed to me after the latest “today’s trades” post. The question: You seem to hold on to positions for only a few days even though it may seem as though the position could move higher. why…
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Today’s Trades and A Question About how I Spotted PDE
In reference to the PDE setup, Rahul asked “Indeed a good trade. Could you tell how it came on your radar.” Sure Rahul, Two weekends ago, I performed a sector screen, as I do every weekend. Energy was one of the stronger sectors that I identified, but I felt that…
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PDE Trade: A Classic Pullback From Breakout Setup
I traded a classic setup today, the good old pullback to support after a breakout. The elements that lead to entry include: 1. Price breaks out over an established resistance level. 2. Volume picks up on the way up, showing increased accumulation. 3. The stock pulls back to the old…
Paul J Singh 