Paul J Singh

Category: Uncategorized

  • NFL Recap

    The first week of NFL is over and I, or should I say my wallet, couldn’t be happier. I won two of my three pics, and the two that I won had significantly bigger position sizes than the loser. $500 Rams +4 over the Broncos —–> +500$100 Bucs/Baltimore over 34…

  • Energy (XLE) and Materials (XLB) Break Support

    The Energy and Materials ETFs, XLE and XLB, both broke the support lines I pointed to in last night’s charts. Now it’s time to look for shorting opportunities in the stocks that make up these ETFs. I’ll post some charts later tonight.

  • Today’s Trade: BOOM

    I covered the remaining 250 shares of BOOM at $33.90 for a $750 gain. The entire 500 share trade netted $1107 (+6 %). According to my risk parameters, the trade resulted in a 2R gain. My trading account went from $25,000 to $26,107 (+4.4%).

  • A Few Sector ETFs and Clips

    Here are a few sector ETFs that caught my eye. In terms of technicals, I’m basically just looking at support and resistance points since I don’t trade the ETFs. I like the volatility of individual stocks, so once a sector ETF shows it’s hand by breaking support or resistance, I…

  • Disk Drives and Some Cool Clips

    My end of the week sector review showed that disk drives look especially vulnerable. A two week uptrend was wiped out in two days. A slow steady rise followed by a hard fall spell trouble. A close below 143 will have me looking for short setups. If the stock bounces…

  • Today’s Trades: BOOM and DHI

    I covered half my position in BOOM at $35.35 for a gain of $387.50. I still have a 250 share short position in the stock. I will move my stop on the remaining 250 shares up to $37.10, which means I am guaranteed (assuming I could get my stop price)…

  • Charts: BWNG and AMD

    BWNG (Broadwing) has held up well against recent market pullbacks and could make a run at April highs if it clears $12. I am considering buying now or waiting for the breakout. If I were to buy now, a stop would be placed under the $11-12 congestion zone. Take a…

  • The Bear on Wall Street

    This here clip is dedicated to Tim Knight, perma-bear extraordinaire, who has probably gone through some of the same trials and tribulations as the bear in this clip. Stick around until the end, as the bear attacking the Wall Street Bull is hilarious! As always, pump up the volume when…

  • Are You Ready For Some Football?

    About the only thing (besides my family) that ignites my passion more than trading is football, so you can *bet* I’m excited that the NFL’s opening weekend is upon us. Vegas is the place to be this time of year! Below are this week’s picks with dollar amounts. $500 Rams…

  • Chart: TIE

    I see three potential low risk ways to play TIE: Present Long: The stock has entered an area of support. PBV bars show strong support in the $25-27 range, with resistance between $30-32. An entry off a bouce from the 200 day MA would be ideal, with a stop just…

  • Micromanaging Trades: I’m Making Some Progress

    Just after entering my short position in BOOM, the stock jumped about 1 1/2 points but was still under the initial stop. Although the stop was set just above $38, I was inches away from clicking on the “cover” button once BOOM hit $37.50. Luckily, I remembered what I had…

  • Today’s Trades and Note on Current Trend: NUVO and IHR

    I made two trades this morning: Long 500 shares of IHR at 10.11. The stock is holding up well above support at 10. Short 300 shares of NUVO at an average price of $19.18. I am also still short 500 shares of BOOM. The fact that I went both short…

  • Chart: NUVO (Short)

    NUVO (Nuvelo) looks like a good short candidate, as it broke down from a strong uptrend on above average volume. The quick rise leaves room for at least a two point fall, with support in the $17.50 range. Notice that RSI, MACD and Stochastic are all turning down.

  • August Performance Review: Micro-Managing Trades

    I just completed my August trading review and I’m not as happy as I was pre-review. While I did post a decent 9 percent gain, a common trading flaw became apparent that kept me from having a huge month: micro-managing trades and pulling out before my stops were hit. I…

  • Short Trade and Chart: Boom Looks Ready to Bust

    A “topping pattern” seems to be forming in BOOM, peaking at 42.50 in May, followed by a couple of weak attempts at remounting by bulls. Notice that the Stochastic is extremely overbought at 90, and the stock has failed in the recent past when that number has hit. The move…

  • A Little Bit About Me

    I was born in Southern California in 197 . . .okay, so you don’t need to know everything. I’ll start with college. Like just about every point in my life before and after, I was confused about what I wanted to do and had six different majors before settling on…

  • Chart: PAAS

    PAAS looks ready to make a move towards the upper 20’s. A double bottom seems to have formed while MACD has turned positive and stochastics formed a higher low. I would play it safe and watch for a test of $22.50 support before entry, with a stop placed in the…

  • Formerly known as "thestocktradingguy"

    Many of you were regulars at the previous blog, “The StockTrading Guy”, and have been wondering why I had stopped posting. Well, for some unexplained reason I ran into technical difficulties and was no longer able to publish any posts. After over a month of frustration I’ve decided to give…