Category: relative strength
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Chart of the Day: PANW and Relative Strength During Market Selloffs
Today’s chart of the day is PANW, which gapped and broke out over it’s 50 dma yesterday, and is holding that level this morning. This makes PANW a relative strength stock. During market selloffs, it pays to keep a list of relative strength stocks that have the potential to beat…
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Today’s Entry: STP
I entered STP today on weakness. The stock has shown strong strength in relation to the market, and shows a strong volulme pattern on the recent move up. My target is the September high.
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Trade: Partial Profits in MOS
I took partial profits in MOS today, selling half my shares at $43.10 (+10.2%). As noted in a Trade Alert sent to my subscribers, my entry was at $39.10. I have moved my stop up and will let the rest “ride”. This is now a “free trade”. I’ve locked in…
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Energy Looks Good: PBR
Energy stocks are showing good accumulation patterns while coming off bottom price patterns. Of the energies that I monitor, PBR is showing the best relative strength compared to the sector. It is at 30 day highs. I’d like to enter on pullback to support.
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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.
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Quick Trade Update: QLD and Commodity Shorts
I took partial profits in a few of my commodity related shorts and entered QLD this morning. I mentioned QLD in last night’s trade report. As noted in the report, the Nasdaq has recently held up better than the S&P 500. Recent free trade reports: July 15 July 14
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The Game Plan for Shorting Agriculture
As I previously discussed, I am no longer bullish on the ag sector. As DBA shows, the ETF is showing a distribution pattern common among tops. This weekend I analyzed the sector in search of shorts and came up with three names that head my watchlist: TRA, DE and MON.…
Paul J Singh 