Paul J Singh

Category: trade setup

  • 51 Essential Swing Trading Posts From 2015

    This has been an incredible year for both me and this blog. Personally, I hit a major level in my trading accounts, moved my family to San Diego, mentored 14 new students, continued to run the part-time swing trading program over at my former student’s industry leading website and started…

  • The Low Risk SKF Trade Setup

    SKF is slighly bouncing off support lows. Support could break, but the setup still offers a good risk ratio and a trade that is easily managed. Enter as close to support as possible, place stop below support lows, with a target near resistance levels.

  • Trade Setup: USO

    As noted yesterday, I entered USO at $28.32. Setup: Oversold bounce, possible bottom formation. Stochastics are extremely oversold, which has provided for quick counter trend trades with this stock. Risk: My stop is under price support around $26.50, with the 50 day moving average providing the initial target at $33.50.…

  • 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.

  • Trade Entry: POT

    I bought 150 shares of POT at $150.62 (trade posted on blog Friday morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend (topping formation). Stochastics extremely. Price is at March support levels. Risk: Stop is now at entry level. Initial target of $160 hit. Target for remaining 75…

  • Trade Entry: NOV

    I bought 350 shares of NOV at an average price of $60.54 (trade posted on blog Friday morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend. Stochastics extremely oversold in the 7-10 range. Price is at February-March support levels. While the lows have not been reached yet (50),…

  • Trade Entry: X

    I bought 200 shares of X at $110.92 (trade posted on blog this morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend. Stochastics oversold. Price at April support levels. Risk: Stop placed below support level, around $104. Target in the $120-130 range. I hope to have the other…

  • Expect a Bounce in Nasdaq

    The bullish setup that I had been watching and trading in the Nasdaq was obliterated earlier this week. While the trend is now decidedly bearish, we are nearing a strong support zone that could provide a bounce that can be traded. If QLD (leveraged long Qs) drops down in the…

  • Commodity Game Plan

    I know a few people who are using this morning’s bounce to deploy more energy shorts. However, I’m going to wait for a few more points to add to my existing short positions. While I agree we may get a quick drop here, risk/reward is not great until we get…

  • Trade Setup: KSS

    I have been following KSS for quite some time in the Trade Report. Retail, and KSS specifically, caught my eye as a bottom accumulation setup in early to mid July. The volume on the bounce gave clues that the bounce could lead to a continuation move. Since that time, we…

  • Stalking U.S. Steel

    I am currently stalking X (US Steel), waiting for some low volume strength to get short. I’d like to enter as close to the 200 day MA as possible.

  • AAPL

    While I am by no means bullish on AAPL, a break of $180 would provide a clue as to the stock’s short term price movement.

  • Playing the Breakout Trading Range: IPHS

    IPHS broke out in early August and is now developing a trading range between the breakout highs and lows. This has created a low risk set up. I would like to buy on a pullback to the $33-35 range with a target of $40 and a stop around $31-32. Overall,…

  • SPY Trade Analysis

    Last Monday (August 12th) I took a small SPY short position based on a “failed breakout” scenario, above $131 (I actually used SDS–the inverse ETF). It’s now trading at $126.69. Below is what I wrote to my trade report members. It explains not only the setup, but the thought process…

  • Trade Entry: VISN

    I bought 400 shares of VISN at $18.38. This stock was highlighted in today’s trade report, with a buypoint in the $18-19 range. The Setup: Breakout pullback . Volume pattern is solid. Stock is pulling back from recent highs and seems to be showing strength at moving average support. The…

  • Trade Entry: SAFM

    I took a small 1/4 size pilot position in SAFM today, buying 100 shares at $43.29. This stock was highlighted in the trade report, with a buypoint in the $42-34 range. The Setup: Breakout pullback following a strong bottoming formation. Volume pattern is solid. Stock is pulling back at recent…

  • Trade Entry: UTHR

    Entered long 100 shares of UTHR at $108.29. Setup: Breakout-Pullback. The stock pulled back to the bottom of the breakout bar before confirming support today. The recent trend is higher highs and lower lows. Buying pullbacks has been lucrative. Nice volume pattern. Risk: My stop is under the tail of…

  • A Blast From the Past

    I like the breakout-pullback setup in FFIV, one of my favorite momo stocks from what now seems like ages ago. Stock broke out over resistance, there’s a nice volume pattern and money seems to rotating into select tech stocks. The fact that the recent breakout was not on heavier volume…

  • Trade Entry: POT

    In last night’s Trade Report, I highlighted commodities as an oversold bounce setup. I used POT as my primary example and entered today based on last night’s analysis. I bought 300 shares of POT at the open at $176.31. Setup: Oversold bounce setup, within a longer term topping pattern. Stochastics…

  • Trade Update: JRCC

    I took a small short position today in JRCC. The stock has been in a strong topping downtrend and has pulled back up to the 50 day MA. Stochastics are near overbought levels and volume has been average on the pullback. This is a low risk entry with stop placed…

  • Trade Entry: EWZ Bounce Play

    I bought 500 shares of EWZ at $90.06. Setup: Oversold bounce setup. I had a buy stop set above $90. Volume was great today, and the highs held, unlike that of the Dow. Risk: My stop is set under the recent lows. Target is the $94-95 range. I chose the…