Category: Uncategorized
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Sector Analysis: Aerospace-Defense
As I do every Sunday, I spent the evening researching over 200 market sectors in order to get a feel for where the “smart money” has been flowing over the past week. Aerospace and Defense caught my eye, though it is do for a pullback. Here are my nine favorite…
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Today’s Trade: GROW
I bought 400 shares of GROW at $29.45. It’s back at the bottom of it’s trading range on low volume, so I’ve entered again. I’ll keep working this range until the strategy stops working. My target is $32-33, and my stop will be in the $27.50-28 range.
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Crazy Day!
This is me in a nutshell today. Of course I would have one of my busiest days at work on the same day as the stinkin’ fed announcement! I made a bunch of trades that I will update tonight. If you guessed I was stopped out of QID, you are…
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Think About Your Idol For Peak Performance
A trick I’ve used throughout my life to ensure peak performance is to think about an idol, expert or somebody I respect when I am involved in an action. Most of us do our best when we are being watched by another person, especially if that person is an expert…
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Today’s Trades: CAL and BLUD
As I noted last night, the airlines and CAL were high on today’s watchlist. I went short 500 shares of CAL at $41.65. The stock is at $40.77 as I type this, so I may move my stop up to my entry level. I came close to getting out of…
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Market Notes, Watchlist and Resolutions Revisited
The Market:Today was a scary day for anybody who is holding onto long positions, and it was tempting for me to jump out of my position in BLUD. However, we have to keep in mind that, over the past few months, every big sell off has been a buy the…
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Reviewing Missed Opportunities: SINA
One of the most important steps I’ve taken to become a better trader is to periodically review “missed opportunities”. While there is a seemingly infinite number of stocks that can be reviewed, I narrow it to stocks from my watchlist. A stock that is always on my watchlist that I…
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Today’s Trade: BLUD and FTEK
I was stopped out of FTEK at $26.50 (glad I used a tight trailing stop) for a $670 gain (+5.3%). I bought 500 shares of BLUD at $32.25. The stock has pulled back to breakout support on low volume, in the midst of a nice uptrend. I’m still debating how…
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Be like FTEK
The FTEK trade has performed nicely thus far. Below is a list of 10 stocks that have a high correlation to FTEK over the past six months, courtesy of SPDRs correlation tracker. This list is the starting point for my research tonight.
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Be Like Water My Friend
Empty your mindBecome formless, shapelessLike waterPut water in a cup, it becomes the cupPut water into a bottle, it becomes the bottlePut water into a teapot, it becomes the teapotNow water can flow or it can crashBe like water my friend –Bruce Lee If you guys haven’t figured it out…
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Today’s Trade: FTEK
I bought 500 shares of FTEK at $25.16. I did not get too complicated in my analysis on this one. The stock has been in a nice uptrend and closed strong on Friday after testing the 50 day MA. I love when stocks make a long tail and close strong…
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False Breakout: COGN
On Monday I pointed to a nice looking setup taking place in COGN, as it had cleanly broke through resistance. However, what happened next is what is known as a “false breakout”. The stock quickly sunk back below resistance. On the chart below, I have placed a vertical line where…
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The Wisdom of Bruce Lee
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”–Bruce Lee I had an e-mail exchange yesterday with a reader that reminded me of my early days in trading. The reader has been analyzing the way I…
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Some Ugly Looking Stocks
I spent the morning using this correlation tracker (thanks to The Kirk Report) to find stocks that look similar to GROW, one of the ugliest looking chart patterns out there right now. Here are the eight stocks that correlate best. I think I’ve found some nice short setups!
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Chart of Today’s Trade: GG
GG made the downward move that I expected it would. Now that I’ve gained a full point, I will lower my stop to my short entry point, thus making this a “risk free trade.” I will either make money or break even. I usually would take partial profits on a…
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Today’s Trade: GG
I went short 500 shares of GG this morning at $26.20. I’ll have more on my reasoning and a chart later today.
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Charts: AOB and QQQQ
I’ve been noticing some nice biotech charts of late. AOB is a good example: There seems to be a lot of negativity about today’s drop in the Naz today. Looks like a nice low volume pullback to me. The QQQQ chart looks enticing as a buy the dip play, as…
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Today’s Trade: REDF
I bought 500 shares REDF at $19.11. The stock made it to my primary list last night. After doing my sector review, I came to the conclusion that internets are breaking out and look like they are setting up for a big move. After narrowing down internet stocks, VCLK, REDF…
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Chart: BOOM
BOOM has had trouble handling the middle bollinger band (20 day moving average) and is bouncing towards that level. RSI and price also provide resistance areas that will need to be mounted before reversing the downtrend. update: sorry for not pointing out that this is a short setup (as long…
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Chart: COGN
Anybody trading AAPL? If you are, take a look at the chart of COGN (Cognos, Inc.). These two stocks show some uncanny similarities: vertical moves from November to December, basing and a pullback from highs, a recent emergence and breakout above those old highs, and positive MACD. They even share…
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Links of the Week
{New viewers, thanks for visiting, and please visit the rest of my site} Trading Links: A new way to use RSI. Thirty stocks for traders to watch. Handicapping the odds of hitting pivot points. In trading, sometimes you need to change your state of consciousness. Find stocks that correlate with…
Paul J Singh 