Paul J Singh

Category: Trade

  • Position and Trade Update

    Taken from today’s trade report, here is my position update. Entries came from the Trade Report Focus List and were detailed in the report. FAS: I exited a portion of my position today at $12 (average entry at $7.78) and moved my stop up to $10. USO: I was stopped…

  • Position Update

    For those asking for updates of my current positions, here is last night’s Trade Report. I did not make any trades today. http://docs.google.com/View?docid=d5z8q8w_674fcf7x6fj

  • Morning Weakness

    I am taking a small few positions, including SSO, on morning weakness. More details to come.

  • Trade: SSO, FAS and USO

    I added to my small SSO position this morning and initiated an oil trade via USO. Both have tight stops beneath support. I was stopped out of FAS at $14.40. I just entered again at $12.77.

  • Today’s Trade: SSO

    I took a small position in SSO today based on the “oversold bounce” or “rubber band” setup. My stop is just below the support line and I will be quick to take any available profits. Update: I am having trouble with chart annotations and will post chart later today.

  • Trade Update: FAS

    I added to my FAS position at $16.76. I had a buy limit order placed this morning under 17 and it opened at $16.50, so I’m a little disappointed in the price my order was filled. My game plan for this trade was outlined in last night’s Trade Report. .

  • Trade: FAS

    I went long 200 shares of FAS at $17.63. This is an “oversold bounce setup. This is a low risk trade with a stop just under the support line on the chart. My target is in the $23-25 range. This provides a 3:1 reward to risk ratio.

  • Quickie Trade Update: DUG and FAZ

    I exited my FAZ ($40.80) and DUG (@24) positions today for profit. My only current positions are short CSX and long HPQ. The DUG trade did not hit my target, but did make a nice profit (entry at $21.19). I exited because a number of indivivual oil service stocks are…

  • Today’s Trade: DUG

    As noted to Trade Report subscribers earlier today, I entered DUG at $21.19.  The inverse oil services ETF is near strong price support and is very oversold (oil is overbought).  I am using this trade to short the oil sector. Setup: Oversold bounce.  Stockchastics are way oversold.  The last 6…

  • Oil Trade Exits

    I exited both of my oil trades today for nice gains. Whereas my entries were based on an extremely oversold oil market, today’s exits were based on overbought readings. Price is nearing resistance levels while stochastics are nearing extreme levels. More strength would provide a good short entry.

  • Trade: FAZ

    While not at extreme levels, the market is starting to get a little overbought. The T2108 reading is above 70 and many individual stocks are posting stochastic readings near 70-80. While not making any big bets yet, I took a small probing position in FAZ (entry at $35.09), which gives…

  • Trade: DXO (Leveraged Oil ETF)

    I entered 600 shares of DXO at $2.65. This is a new, leveraged oil ETF. Price is near lows (support), stochastic is oversold and RSI shows a positive divergence. I consider this somewhat of a speculative trade with limited risk.

  • Trade: TXI

    I bought 300 shares of TXI at $31.50, as my limit buy order was hit this morning. This is a manageable low risk trade in a good setup that offers strong price and volume support. The setup is both a bottoming and breakout-pullback setup. If the market tanks, my stop…

  • SKF Trade

    I exited the remaining portion of the SKF trade at $119. My original entry was $103, with partial profits taken at $111 and $119.I am considering reversing as SKf nears resistance and going long UYG, but have not done so yet.

  • Trade Update: SDS and SKF

    I have exited half my SPY and financial short positions (SDS and SKF). My stops have been moved to entry level.

  • APOL Exit

    I exited the second half of my position in APOL today at the close. I still like the stock, but it is very overbought at the moment. I’ll look to re-enter on a pullback.

  • Position Update

    Position Update: SSO: Entries at $25.10 and $25.24. Stop at $21.90. Current price $24.63 (-2.1%) APOL: Entry at $67.50. Stop at $65.79. Partial profit at $71 (+5.1%). Current price $68.99 (+2.2%). AFAM: Entry at $45.10. Stop at $43.90. Partial profit at $48.10 (+6.6%). Current price $46.89 (+3.9%). FXI: Entry at…

  • Today’s Trades: APOL and AFAM

    APOL and AFAM. Both have been on the focus list of the Trade Report since last week. I had buy stops in place near support and just exited half the positions. Stops have been moved up to entry level.

  • Taking Profits in FSLR Short

    I exited the remaing 100 shares of the FSLR short at $141.84. The original short entry was at $176.18. I took partial profits at $159.76 and $141.84, making the average exit for the 200 shares $150.80 ($5076 gain). The setup for the trade was laid out in the Trade Report.…

  • Game Plan for Thursday and Free Trade Report

    The market has been easy to game this week, and my trades have worked out well. It’s probably too late to enter short positions, so now we let our current positions work themselves out and wait for a pullback to get long again. For in depth analysis of my plan…

  • Trade Update

    I took partial profits in DIG and AAPL. They both continued on yesterday’s big gains, providing a good place to take profits. I have moved my stops up to entry. I am still holding my full SSO position. I made last night’s trade report available free to blog readers. It…