Paul J Singh

Category: Trade

  • Trade Update: JRCC, UAUA, CAL, AUXL, SMG, CRY, SSO, POT

    Here is an update of today’s trades. I hope to have charts posted tonight. I covered half my short position (200 shares) in JRCC at $37.40 (short at $44.10) for a $1340 gain (+15%). I still have a 200 share short position. My stop is moved up to entry. I…

  • Quick Trade Update

    I took partial profits in the JRCC short, bought a few of my weekly watchlist stocks on dips and made a couple of daytrades in a few commodity shorts (Ag and energy), while still holding partial positions. I’ll have more details later.

  • 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…

  • Why I like to take partial profits

    X is a good example of why I like taking partial profits. I would have been inclined to take full profits when I had a decent gain. Instead, I took partial profits, moved my stop up to break even, and now am reaping the benefits of today’s huge breakout. Note:…

  • Partial Profits in Commodity Stocks

    Yesterday I mentioned that I entered three commodity related stocks as bounce setups. I’ve taken partial profits in X and ACI. I am still holding USO. To update you on the SKF trade, I have taken partial profits on 3/4 of the position, and am letting the last 100 shares…

  • Quickie Trade Update

    I used this morning’s weakness to make a few commodity entries, this time on the long side. For instance, I bought X at $137.10. I also bought more SKF at $116.50, taking a partial profit at $120. I still have a good sized position in SKF. More details later today.

  • Trade Entry: SKF

    I bought 200 shares of SKF at $114.26 earlier this morning. Watched it go up above $120 (and thought about exiting) only to drop back down to $116. I had no expectation of buying SKF today, and as Trade Report subscribers know, it is not on my weekly watchlist. I…

  • Quick Trade Update

    I was stopped out of CF for a loss and took profits in ILMN, JOYG (covered short), X (covered short), ACI (covered short) and APA (covered short).

  • Trade Entry: CF

    I bought 200 shares of CF at $152.86. This is a trend pullback setup. The stock has been a consistent buy on pullbacks. My stop is under the 50 day moving average, with a target at old highs. While I am bearish on commodities in general and see a lot…

  • Short Entry: COH

    This morning I went short 200 shares COH at $28.10. Poor OBV and overbought stochastic reading during what looks to be a short covering rally make this entry attractive. The stock seems to be failing at the 20 day MA. I will place my stop above the recent highs (above…

  • The Line

    I could not have imagined the QLD trade working better than it has. I took partial profits at $72.88 today (entered at $67.88, as noted in the free trial of the Trade Report) for a $1250 gain (+7.3%). I’ve moved my stop on the remaining position up to my entry…

  • 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

  • RBN Exit

    I exited my position in RBN at $51.50 (entry on Friday at $47.46) for a $1010 gain (+9.2%). I would have liked to see a pullback to the breakout point in order to build my position, but I’m not going to complain too much with a 9 percent one day…

  • Breakout Play: RBN

    Don’t tell RBN that the market has been in a downtrend. Beautiful earnings breakout play. I entered today with a small position and will likely enter again on a pullback to the breakout point ($45-46).

  • Anatomy of a Trade: WYNN

    I shorted 500 shares of WYNN 8 days ago at $85.03 based on a “dirty bear flag” setup. While technically not a bear flag, the stock had broken support on was pulling back up to the resistance point. Volume distribution pattern was bearish, meaning heavy down days with low volume…

  • Today’s Trade Entries

    As noted this morning, I went short coal, natural gas and steel stocks this morning. Here are the trades: Short 200 shares of ACI at $65.24 (closed at $62.23). Short 100 shares of APA at $123.37 (closed at 116.96). Short 100 shares of X at $163.56 (158.17) Short 200 shares…

  • Quickie Trade Update

    I used the bounce in commodities this morning to get short coal, natural gas and steel stocks. I also exited my long ag play (MON), which I did not have time to update yesterday. I was using extreme, overextended weakness to play a quick bounce. I am still long the…

  • Trading Plan and Clarification

    Trading Plan: My watchlist is small this week. Probably as small as it has been all year. However, I may take some of the biggest position sizes I have taken in quite some time (while still managing risk appropriately). Here is the list: I am monitoring leveraged index long ETFs…

  • Position Update and Lesson Learned

    I am still holding my SSO position. I bought at $59.96 and it closed at $59.66. Although today did suck, remember that the lows in the S&P still have not been pierced. I am still playing the bounce until my tight stop is hit. I am still holding PBR as…

  • Trade: WYNN Short

    I went short WYNN today at $85.03. I only took a small position because I could a move up to the 20 day moving average. I would likely take a full position at that level.

  • It’s Time

    Things are looking ugly and the sentiment seems to be quite negative out there. I bought SSO at $59.96 and PBR at $70.15. Note to anybody playing a short term bounce. You must be willing to take a small loss. I do not make these types of trades without a…