Category: Trade
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Exite Trade Updates
CPLA: On Thursday, I went short 400 shares of CPLA at $55.68 based on a pullback from breakdown in its downtrend. I covered 150 shares on Friday at $52.66and another 150 today at $51.85 for a $1029 gain (+6.1%). I am still short 100 shares. AKS: On Thursday I bought…
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Today’s Trade: GGB
I bought 200 shares of GGB, a steel stock, at $31.30. I bought 200 shares of JOYG at $67.15. I lightened up on my DECK and CPLA shorts. I’ll get more in depth on these trades later today. I have enough longs now and will look to add shorts on…
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Today’s Trade: CPLA (Short) and AKS
I went short 400 shares of CPLA at $55.68. This was a textbook short play that took a nose dive shortly after I entered. I bought after the stock’s failure at the 200 day moving average. This is one of my go to patterns: broken momo stock, drops below 200…
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Trade Update: SPY, ICLR, DECK
I bought 200 shares of SSO at $65.84. For those that didn’t read last night’s post, this trade is based on the oversold stochastic strategy. Not sure if I am in too early, as the read line is still above 20. However, the black line, which I focus on, is…
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Today’s Trades: TWM, CREE, AKS and DECK
I sold 400 shares of TWM at $83.64 (entry at $77.10) for a $2616 gain (+8.4%). I will likely enter again on a pullback or breakout of trading range. I was stopped out of CREE at $31.90 (entry at $33.53) for a $489 loss (-4.8%). I still like the chart…
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Today’s Trade: PCLN
I bought 50 shares of PCLN at $121.30. I like the chart, but it was tough finding a good entry. We’ve got support at old resistance, which is $120. However, many strong breakouts pullback to the bottom of the breakout candle. If that were to happen, the stock could pullback…
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Today’s Trade: TWM and CREE
As I noted in a previous post, I am using individual stocks for by bullish plays and inverse ETFs for most of my bearish plays. Today I bought 400 shares of TWM at $77.10. The inverse ETF is at the bottom of its trading range which gives me a nice…
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Analyzing Today’s Trade: WMS
I bought 400 shares of WMS at $39.05, based on my breakout-pullback trading setup. The stock broke on strong volume earlier this month, while pulling back on diminishing volume. Today’s confirmation candle at two tiered support (20 day moving average and price) provide the entry signal. Also note that OBV…
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Bullish Chart Setup: DVN
Independent oil and gas stocks have been on fire since bottoming late January (that long tail provided a good entry point), and few have done better than DVN (Devon Energy Corp). I like the stock on a pullback to what looks like new support at $95. The stock exhibits a…
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Copper Stocks Breaking Out
Some of my best trades have come when I was wrong about a position and decided to go the other way with it. I am hoping today’s trade ends up falling into this category. I was short PCU as it had presented itself as a good short candidate. I was…
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Shorts: DECK and PCU
I went short DECK (118.20) and PCU (100.64) today. Both small, 100 share position sizes. Both shot up on weak volume, along with the market, followed by a failure at major S/R levels. PCU closed under the 200 day moving average, which it had mounted earlier in the day. DECK…
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How I Made 5 Grand in One Week
As mentioned in the comments section yesterday, I unloaded a number of shorts and entered a few longs: I covered 100 shares of FSLR (short at $187.33) at $164.67 for a $2266 (+12.1%). I covered 200 shares of MON at $102.43 (short at $114.27) for a $2454 (+10.7%). I covered…
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Today’s Trade Entries: DUG and AGU
I bought 200 shares of DUG at $46.56. DUG is an ETF that is short oil and gas. Looking at the chart, we see major accumulation and a pullback to a major moving average and price support. Note that this is the opposite of what is happening in the oil…
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Quick Trade Entry Update: FSLR, MON, GS, DNR, PAAS, PRXL
I am using the bounce over the past two days to start a few more pilot short positions. I went short FSLR ($187.33), MON (114.27, GS (202.55) and DNR (26.01). I am long PAAS (35.86) and PRXL (54.80).
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Today’s Plan
I am looking hedge my two long index plays (DDM and UWM), with couple of shorts. I went short NOV this morning and may pull the trigger on another stocks with a broken pattern that is bouncing. The shorts are less than half the size of my index positions, which…
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Quick Trade Update
I was stopped out of SKF and bought UWM and DDM, which are ultra long the Dow 30 and Russell 2000. Looks like this might be the capitulation bounce we’ve been waiting for. Update: A few readers have asked how I timed the DDM trade so perfectly. I should have…
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Today’s Trade: SKF
Well, I finally gave in. It’s just too tempting. I had to short financials today. I took a hard look at MER and LEH, but decided to go with the “ultrashort” financial ETF. I still am not willing to make any big bets, so I went with a small 100…
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Today’s Trades: QLD and TWM
The only thing I am willing to do right now is make quick day trades. As I stated last night, I am only watching index and sector ETFs for trades at the moment. I placed two profitable daytrades in QLD and TWM. I will detail the trades and my strategy…
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Another Trade Update
I have decided to take on two more small long positions, BVN and HWAY. Both have handled the bad market well. HWAY is in the medical lab sector, which has been somewhat of a safe haven in recent times. While badly beaten stocks are usually the best short term bounce…
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Trade Update and Short Term Trading Plan
I covered the remainder of the GS short at $186.23 and exited my QLD position at $79. I re-entered QLD at $76.23 with a tight stop (basically using my profits from the last QLD trade to cover this one) in case we bounce in the coming days. We will eventually…
Paul J Singh 