Paul J Singh

Category: Trade

  • Today’s Trade: EWZ

    I bought 200 shares of EWZ, the Brazil ETF, at $91.61. Setup: Bullish Flag post Breakout-Breakout Pullback. The stock pulled back to the top of the breakout level, which is also where it broke resistance. Recent volume pattern is strong and obv has increased as stock has pulled back from…

  • Trade: Gold’s Sell Signal

    Over the past few months overbought stochastics readings have given reliable short term sell/short signals. We are just about there right now. I used today’s strength to short gold via DZZ (300 shares at $29.22), which is a leveraged gold short. Here is the GLD chart. Pay attention to the…

  • Trade Setup: BBD

    I bought 200 shares of BBD, a Brazilian bank, at $23.31. Setup: Breakout-Pullback. The stock pulled back to the breakout level and has a strong volume pattern. As a plus, Brazilian stocks have been on fire. Risk: My initial target is the old high around $25. I will either take…

  • Quick Trade Note

    I bought BBD and CAT. Took partial profit in MTL, SWN and NFLX (short). I’ll have more details later. I am looking to go long energy and steel on a decent sized pullback, and short any of my bearish candidates on strength.

  • Trade: MTL

    I bought 200 shares of MTL at $147.85. Setup: Trend Pullback. The stock pulled back to the 50 day moving average and seems to have confirmed that it will hold. I like the volume pattern and obv looks strong. Risk: My initial target is the old high around $160. I…

  • Trade: MDP

    I am short 300 shares of MDP at $33.95. This is a bear flag setup. Volume and OBV stink (which is what I want for a short) and stochastics are overbought. There are a couple of good places to place a stop. The two I agonized over were the top…

  • Trade Entry: SWN

    Trade Entered: 300 SWN at $39.77 Trade Setup: I entered based on the earnings-breakout-pullback setup. The stock, reacting to earnings, broke to new highs on heavy volume last Friday. The stock and it’s sector have been in an uptrend with strong volume patterns. I bought on a pullback to the…

  • Quick Trade Note

    I bought 100 shares of SKF (short financials) at $96.53. I bought 300 shares of SWN at $39.77 I was stopped out of ANR at $47.40 for a loss. I went short 200 shares of GRMN at $42.67 I will detail these trades later today.

  • Trade: ANR

    I bought 300 shares of ANR at $50.05 based on the trend pullback setup. I had placed a buy stop this morning for the following reasons: 1. The stock has been in a sustained uptrend2. On Friday it bounced at a major support level3. Stochastics crossed over at near oversold…

  • Trades: POT, DZZ and NFLX

    As noted in comments, I made a few trades. I covered 100 shares of POT at $194.36 (short entry at $208.77) for a $1441 gain (+6.8%). The stock was 4 points from my target, but today’s drop was too good to sit back. I may enter again on a bounce.…

  • Today’s Trade Entry: ACH

    I bought 300 shares of ACH at an average price of $43.08. I usually don’t make long entries on beaten down stocks or sectors, but China stocks are due for a bounce and today’s strong breakout offers the type of volume catalyst that could be good for a few points.…

  • Trades: MTL, HAL, ANR, RRC, CSX

    I exited 300 shares of CSX at $60.64 (entry at $56.10) for a $1362 gain (+8.1%). I exited 100 shares of MTL at $154.40 (entry at $143.46) for a $1094 gain (+7.6%). I exited 200 shares of HAL at $47.10 (entry at $44.83) for a $454 loss (-5.06%). As noted…

  • Today’s Trades: NFLX, FWLT, SSO, DUG, SKF

    I exited 400 shares of NFLX at $37.44 (entry at $36.20) for a $496 gain (+3.4%). My target was higher but the stock seems to be trading within a range and earnings are coming up soon. Yesterday I covered 400 shares of FWLT at $58.34 (entry at $62) for a…

  • How Can You Not Bet Against Gold?

    I am hearing a lot of bullish chatter amongst bloggers and media about the near future for gold. This seems to always happen when a former leader (momo stock) breaks down and prints a dead cat bounce. I love it when this happens. Let’s ignore the talking heads and take…

  • Today’s Trade: FWLT

    I am short 400 shares of FWLT at $62. The setup: Broken momentum stock rising up to and stalling at resistance in a loose bear flag. Poor OBV and volume pattern, with stochastics showing an overbought sell signal. I used a “sell short limit order” to place the trade. This…

  • Quickie Trade Update

    I used the bounce in gold today to go short using DZZ, which is a short leveraged gold ETF. I exited GTLS for a nice gain. Looking for a pullback in steel and industrial metals for another entry. Possibly GTLs again. Not gonna chase. I’ll update these trades more in…

  • Trading Portfolio Update

    I exited 300 shares of DZZ at $28.90 (entry at $25.85) for a $915 gain (+11.8%). Hold time 5 days. I exited 300 shares of NKE at $69.75 (entry at $65.90) for a $1155 gain (+5.8%). Hold time 5 days. Both exits were the result of hitting targets. I setup…

  • Saturday Review: Shorting Momentum Stocks

    This post from August 2007 offers some timely advice on shorting momentum stocks: 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.…

  • A Low Risk, Risky S&P Trade

    I bought 300 shares of SSO at $62.23. SSO is 2X long the S&P 500. You may be wondering why I would go long an index in a downtrend, which I rarely do. The answer is quite simple. I am getting a low risk entry on a risky trade. Huh?…

  • EOG . . .WOW!

    I had much confidence in the EOG trade, but even I didn’t expect the move to happen just hours after I entered. I took partial profits at my $127 target, exiting 100 shares for a $846 gain (+7.1%). I’ve moved my stop up to the entry point for the remaining…

  • GTLS Entry and a Speculative Play

    I entered GTLS today, 400 shares at an average price of $34.22. This is one of my favorite setups, the earnings breakout-pullback. Take a look at the awesome volume pattern. My stop is just below the breakout bar, with an initial target at $38. I wish I had time to…