Category: short setup
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Today’s Trades: POT and GS
I bought 200 POT at $138.14. Nice cup and handle breakout. I would have liked to enter in the $135-136 range, but I don’t want to chance missing out if the year end rally continues. I went short 100 shares of GS at $213.78. My stop is above the 50…
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Quick Trade Update
I took small long positions in CF (92.05), AAPL (179.80), FSLR ($235.25) and RIG (132). The first three were so oversold that I decided to buy after they started to bounce off their lows. If we get the holiday bounce everybody is waiting for, these stocks should do quite well.…
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Today’s Trades: URRE, NCTY, FSLR
As I said I would in last night’s trading video, I exited half my FSLR postion (125 shares) at $247.20 (entry at $223.30) for a $2987 gain (+10.7%). My current position is 125 shares and my stop is at the original entry price. I bought 500 shares of URRE at…
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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…
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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/
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Two Stocks to Watch: FLR and HOC
It’s tough to guess which way the market will go this week, so I won’t make any big bets in either direction. While the bulls did a fine job in terms of price action, what we had was a “V-ish” move toward resistance on light volume. That’s not bullish. So…
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Shorting Momentum Stocks: the GRMN Trade
Those of you familiar with my trading style know I rarely short high flying stocks. While it seems logical to go against a stock that is overextended, this type of trade generally takes on too much risk. Stocks tend to trend longer than they “should” due to market psychology and…
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SGR Lookin’ Like a Dead Cat
Shaw Group Inc. (SGR) is a former high flying stock that seems to have lost its mojo. In July, the stock gapped up after a long uptrend, but could not hold the gap level. It now looks like the gap was an “exhaustion gap“, which usually comes at the end…
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The Housing Stock Conundrum: Analyzing TOL
Housing stocks have made a windfall for those bright minded speculators who have traded the obvious short entry signals over the past year (I am not in that prestigious group). While the trend is still negative, there are signs that we may see a bottom forming. Today I analyze Toll…
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Four Reasons to Sell Steel
The steel sector, which has been one of my favorites over the past year, has undergone a change in character that now puts it on my “short watchlist.” Four elements make it an attractive short: 1. Signs of distribution, with high volume down days accompanied by low volume updays. 2.…
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Chinks in the Armor: STLD
STLD and other steel stocks have been momentum favorites of mine for quite some time. While many steel stocks still look solid (l MT and RIO to name a few), some noteworthy high flyers are showing chinks in the armor. This is not a good sign for the industry as…
Paul J Singh 