Paul J Singh

Category: Trade

  • Trades and Thoughts

    All of my oversold bounce indicators are now flashing buy signals. However, I do have some concerns and am not taking on any huge positions here. While I have made some trades to the long side to try and capitalize on a bounce, they are all average or small in…

  • Religion

    TRLG (True Religion) has been a “go to” trade for me ever since the early May breakout. It’s held up quite nicely and I am back in.

  • 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…

  • Trade Update: PCX and TRA

    I’ve made a number of entries and exits today. I am gettting a lot of questions about TRA and PCX. I’ll have more details on all my trades tonight. I was stopped out of TRA for a loss and took partial profits in the PCX short.

  • PCX: I’m in

    I used this morning’s strength (on feeble volume) to enter my short position in PCX. Read last night’s post to understand the entry.

  • BEXP: Late Entry Post

    I entered BEXP yesterday at the close as it showed that it would help support. This is a late post, so I won’t include it if and when I get around to updating my trading results.

  • QID Pattern

    We’ve got a nice bottoming formation forming in QID, which is short the Nasdaq. I took a small position on the pullback (Nasdaq strength) today, and may take a bigger position on either more of a pullback or break over resistance. I am using this as a hedge on any…

  • MTL Exit

    I exited MTL today for an acceptable sized loss. It’s not difficult to guess where I exited. My stop was placed just under the 50 day moving average. I’ve been asked if I now think MTL is a short play, since it has broke below support. I definately will not…

  • Trade Setup: MTL

    I bought 200 shares of MTL at $53.84. Setup: Trend Pullback. Nice trend. OBV and volume pattern look good. Stock has more accumulation than distribution days. RSI bouncing. Stoch turning up at higher high. Risk: Initial target is 60. Stop is either under yesterdays confirmaion bar or the 50 day…

  • USO

    USO is starting to look interesting as a buy, but not at the current level. I have set my buypoint in the $95-96 range. The 50 day moving average should provide support for at least a bounce, and possibly a continuation of the upmove. The buy is contingent on volume…

  • Trade Setup: SOLF

    I bought 300 shares of SOLF at an average price of $21.48. Setup: Breakout Pullback. The stock has pulled back to the 20 day moving average after a strong breakout. Stochastics recently reached oversold levels and has turned up. The volume pattern is consistent with the breakout-pullback setup, with volume…

  • Today’s Entry: APA

    I bought 100 shares of APA at $133.34. Setup: Trend Pullback. The stock has pulled back to the 50 day moving average, where it found support the last two times it reached this level. Stochastics are oversold and OBV remains stong. Risk: My intial target is the recent high at…

  • Pilot Position in CLF

    I took a small 75 share position in CLF today at $102.01. This one’s an early breakout pullback. The stock could pullback to the breakout point at $97 and still look good. My stop is around $95 with an undefined upside target in new high territory.

  • Trade Setup: EWZ

    I bought 200 shares of EWZ at $95.21. Setup: Breakout and Trend Pullback. A low volume orderly pullback to the 20 day moving average. Strong obv and stochastics have reached extremely oversold levels. Risk: My intial target is the recent high at $100. I would likely take partial profits, move…

  • DUG Divergence

    Take a look at the DUG chart below. Notice that RSI has made a higher low while price action has made a lower low. The ETF, which is short oil and gas, is also extremely oversold. I took a small position this morning.

  • Quickie Trade Update: MTL, BZP and USO

    I entered MTL and BZP. MTL is showing a negative divergence, but the steel sector looks like it can be bought on today’s dip. BZP is showing strength on the pullback at support. I am thinking of pulling the trigger on a small short position in oil.

  • Watchlist and Trade

    Here are the stocks that made my weekly watchlist: drys hma x ewz lufk cybs aks bzp mtl csiq gnk rimm fls sol fslr crk (bo-htf) jrjc flr apa dvn vip I bought CRK on today’s breakout, using a buy stop with a limit place just above the consolidation area.

  • Question and Answer

    I don’t have much to say today, so I’m going to use this post to answer questions from e-mail and comments. What do you think of GTLS as a short? I certainly would not buy right now, but not sure I would short either. While the it printed a big…

  • A Monsanto Topping Pattern?

    I went short 100 shares of MON at $120.76. Rather than analyze the trade setup as I have been doing, I’d like to take a look at MON’s weekly chart. It’s starting to look like a top might be forming. Take a look at the price action. For the fist…

  • Today’s Trade: TRLG

    I bought 300 shares of TRLG at $22.41. Setup: Earnings-Breakout-Pullback. This specialty retailer broke out on massive volume two days ago as a result of strong earnings. I bought today on the pullback, about a point away from the bottom of the breakout candle. Risk: I plan to hold this…

  • Quick Trade Note: MTL, SWN, EWZ, SKF and LEH

    I took profits in my remaining shares of MTL and SWN, and partial profits in EWZ and SKF. I went short 150 shares of LEH at $44.68. The small position size was required because the stock is slightly above the 50 day moving average.