Category: trend trade
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Trade Entry: TRA
I bought 500 shares of TRA at $53.12. Setup: A combo platter of a breakout and trend-pullback and entering within a forming high and tight flag. I expect a continuation of the trend. Great volume pattern and RSI and stochastics confirm price highs. The stock is under accumulated here. Risk:…
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MTL at Support
I still like MTL here. The stock has not broke support and down volume has been lighter than previous up volume. The 50 day moving average has been a good entry point.
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What to do about steel and energy stocks
Those that have missed out on the steel and energy run are in a frustrating position. There is the fear of being left out as the stocks continue to run. However, there is also the fear of “chasing” an overbought stock that’s ready for reversal. Which “fear” should you listen…
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5 Profitable Energy Charts
Here are 5 interesting energy stocks. I’ve included longer term charts. Each has a slightly different pattern and can be played in multiple ways. RIG (Transocean, Inc.) is looking good right now. We’ve got a support converging at both the breakout point and the 50 day moving average. My only…
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Six Stocks to Buy on the Dip
Of the 100 stocks on my focus list, I’ve identified 40 that I like as buy the dip plays. Here are six of them:
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Gotta Love the Dip
Today’s dip was exactly the type of day a pullback trader loves. It’s been tough the past few days having to chase stocks. We needed a light volume pullback, and that’s exactly what we got. It’s a good time to start thinking about entering some small probing positions on momentum…
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Today’s Trades: RIMM and RS
I bought 500 shares of RIMM at $82.71. This is a short term trend-pullback play. My intitial target is the high at $85, with a stop at $81. I covered the RS short, 500 shares at $54.05 (entry at $53.16) for a $445 loss (-1.6%). I am still holding GMRC,…
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Today’s Trade: FLR
I bought 500 shares of FLR at $120.20. The stock has been on my primary watchlist since the July breakout and has been a great trend pullback trade. I recently set an entry of $117-120, and the stocked dipped down to $119 yesterday. However, I decided to take a wait…
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Today’s Trades: NOV (and Steel comment)
I bought 300 shares of NOV at $114.35. Buying this stock on pullbacks has become a go to move for me, like Allen Iverson’s crossover. This is one of those “keep doing it until it ceases to work” trades, akin to feeding a hot three point shooter. Okay, that’s it…
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Today’s Trades: OII, HEI and MT
Today I took positions in three of the six stocks that I posted on my primary watchlist last night. All three are pullback plays in trending stocks. Due to the current nature of the market, I cut my normal position size in half for these trades. I bought 250 shares…
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Today’s Trades: ZOLT, FUL, TSL
As mentioned in comments yesterday, I sold: 250 shares of ZOLT at $31.80 (entry at $32.30) for a $125 loss (1.6%). 500 shares of FUL at $26.14 (entry at $27.22) for a $540 loss (4.1%). I am upset at myself over this trade because I did not pay attention to…
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Amazing Chart: SBGI
I’ve been holding SBGI for about a week now. My original post was more focused on recent price action. However, if we back the chart up to the last 6 months, we will see one of the most beautiful looking charts one could ever hope to find. The stock started…
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Today’s Trade: EWZ, AKAM and RATE
I sold 500 shares of RATE at $43.44 (entry at $42.53)for a $455 gain (+2.1%). I sold AKAM at $56.90 (entry at $55.63) for a $508 gain (2.2%). I bought 700 shares of EWZ at $48.44. Over the past six months EWZ has been in a solid uptrend with the…
Paul J Singh 