Paul J Singh

Category: Uncategorized

  • Today’s Trades: BOOM, CAL, BBBY, HP, GROW, UARM

    I covered the remaining 200 shares of BOOM at $32.90 for a$556 gain (+7.9%). The entire BOOM short made $925. While it still looks like a good short, I took profits at the 50 day MA. I covered the remaining 300 shares of CAL at $28.45 for a $513 gain…

  • King Bush and Oil

    In case you missed this much reported comparison, here’s a chart showing just how closely related Bush’s approval ratings are to the price of gas. How does this effect us as traders? Simply put, there is no way in hell I would be long oil at election time, both this…

  • Chart: GROW

    One of the market’s favorite recent momentum plays, GROW (U.S. Global Investors, Inc.), has run into a bit of trouble. I am monitoring the developing $30-34 range. A breakout in either direction will likely get me into the stock, although would prefer a breakdown since I have a bearish bias…

  • Today’s Trades: CAL, HAL, HP, BOOM, BBBY and UARM

    I covered 250 shares of HP at $23.30 for a $270 gain (4.6%). When the stock had broken down to $23.15, I moved my stop up to lock in a 1 point gain. I’m glad I did. I covered 300 shares of BOOM at $34.45 for a $369 gain (3.7%).…

  • Energy Watchlist

    I’m not sure which way energy stocks are going to turn from here, but they are at a critical level. I am watching the following energy stocks: ALJ, FTO, HOC, HAL, PCZ, ARD, OII and PTEN.

  • Chart: BOOM (and a Song clip)

    Here is the chart on which I based the BOOM (Dynamic Materials Corp.) trade: Off Topics: Another track from my playlist:Fray’s “Over My Head” Video Version Live Accoustic

  • Today’s Trade: BOOM

    I went short 500 shares of BOOM (Dynamic Materials) at $35.68. I’ll post a chart later tonight. That’s makes it four current short holdings. I had better be right!

  • Chart: AKAM (and a Funny Bud Light Clip)

    AKAM (Akamai Technologies) has been a powerful momentum stock over the past few months. However, it looks like it’s due for a playable dip. The gap down on strong volume was the first thing that caught my eye. The technicals are sending signals as well. The RSI has gone from…

  • Today’s Trade: Short UARM

    I went short 500 shares UARM (Under Armor Inc.) at $39.88 this morning. The stock is butting up against resistance, has an extremely oversold stochastic that is pointing down, is inside the upper bollinger band for the first time in 5 days, a lower RSI than the first time it…

  • Oil and Energy Ready to Crater,Thanks to Market Bloggers, Plus a Music Clip

    Overall, not much changed on my watchlists today. However, there was one big development: metals, most notable gold, and oil services stocks bounced quite nicely today. I will be watching resistance lines in these stocks very closely over the next few days and, if it feels right, make some big…

  • Elite Traders Aren’t Afraid to Fail

    I just had an IM chat with a trading buddy. After listening to me whine about my two losing trades this week, he asked me a question: How many times did Babe Ruth stike out? Then he signed off. Well, I had to look it up. The answer is one…

  • Today’s Trades: HP and BBBY

    I am short 250 shares HP at $23.38 I am short 250 shares BBBY at $37.55 I won’t go into much detail since I posted charts of these two stocks last night. Stops on both stocks have been placed a little above the resistance lines.

  • Stocks to Watch: Week of 9-18-06

    Looking ahead to the following week, my watchlist favors the short side by a margin of about 3:1. Stocks on my “longs” list include: NVDA, IGT, BRCM, AAPL, GROW and CHL. Stock on my “shorts” list include AA, SIL, HP, IOC, BOOM, RIO, DHI, NTRI, JOYG, CTXS, MOT, BBBY, UARM,…

  • Week in Review: Trades, Plus NFL Picks and a Song Clip

    I completed 4 trades this week: BOOM: ShortEntry: $36.80Exit: $35.35 & $33.90Stop: $38.20Risk: 3R gainHold Time: 5 trading daysProfit: +$1107 (+6%) Notes: I played this trade correctly and did not give in to the temptation to bail before the stop h it. The stock is still on my watch list…

  • Trading and Sports Pyschology

    {Those visiting this site via TraderMike, Brett Steenbarger or Charles Kirk, please check out the rest of my site by clicking on “The Market Speculator” link here or above. Thanks for visiting!} Trading psychologist extraordinaire Brett Steenbarger had an excellent post yesterday relating sports psychology to trading. I highly recommend…

  • Chart: BOBJ and a Song Clip (The Shins)

    I am keeping an eye on BOBJ‘s breakout point since the stock was smacked down by the 200 day MA. A move below the breakout point would set it up for a big fall. However, if the stock consolidates on low volume and does not dip below $29, it could…

  • Chart: AMD

    My interest was piqued in AMD after reading this commentary from Tickersense. Upgrades from Lehman seem to correspond with uptrends in the stock, while holds accompany downtrends. Here is the daily chart. A good entry point will be a test of new support at $26. Note the increased volume in…

  • Chart: WFR

    I will be watching the close of WFR (MEMC Electronics) today. If the stock prints a long tail and does not close above $39.50 resistance, the stock will likely head back toward support and provide a decent short opportunity with a preliminary $37.50 target. The stock does seem to be…

  • Market Scribbles and a Clip

    Since I am not at the computer for long stretches during the trading day, I keep a written journal in which I scribble notes. Here are today’s scribbles: -The fact that volume has consistently been heavier on down days is more evidence of a coming collapse. -Watch the steel sector.…

  • Today’s Trade: DHI

    I covered my DHI short at 23.10 for an $810 loss (-7.1%). The trading account is now at $25,297 (+1.1 % since 9/5/06). I’ll analyze this trade when I do a trade review. Suffice to say, it was a bad trade from beginning to end.

  • Energy and Materials Charts and Clips

    As promised, here are some promising short setups for the energy and materials sectors. Since there already has been a big drop, in most cases I would not initiate short positions just yet. There is a chance that today was a capitulation event, and most charts are showing oversold readings.…