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Trade: SDS
I entered SDS today. It is extremely oversold and RSI shows a positive divergence. The last 3 similar states have lead to decent, tradeable bounces.
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Great Advice on Taking Partial Exits
MSTR is a good example of the “Partial Profit” or “Let it Ride” exit strategy. I entered the breakout-pullback setup at $84, with a target under the old high a limit order set at $89.85 (I always set the target a little below the round number). From there I move…
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Short Entry: MON
I went short MON as it pulled back to resistance levels via a bearish flag pattern.
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Breakout-Pullback: MSTR
MSTR has formed a classic breakout-pullback setup. The stock recently broke out on huge volume, and since has consolidated in an orderly fashion. I entered this trade around $84, which I posted in the Trade Report last week. My intitial target is $90, where I would take a partial profit.…
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Game Plan for Tuesday
Here is the trade report for Tuesday, along with analysis of today’s SPY short and more setups:http://docs.google.com/View?id=d5z8q8w_1422cfb7fcgv
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Breakout-Pullback Setup: CSH
CSH has been trending nicely. It recently broke out and has now pulled back to support.
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FCX and PCU: Great Long and Short Setups
PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more…
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SKX Ready For Pullback
I took a short position today in SKX. The stock is extended and today’s indecisive price movement on high volume leads me to believe a pullback is in order.
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Short Setup: FUQI
I pointed to FUQI as a short when it was around $30. I took the trade, which would have been successful had I used a wider stop. It’s now broke down below the 50 day moving average and is showing distribution in the volume pattern. I will short on a…
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Market Notes and Trade Update
Market Notes and Trade Updates:SPY broke out over the resistance area we have been watching. As noted in the Report, I had a buy entry in place at $108.40. I entered at that level with a stop placed under the resistance level. Also, I was stopped out of the SPY…
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STEC Short Entry: Time to Take Profits?
Is it time to take profits in the STEC short? Entry was made back on September 24th at $30.75., so we are looking at a 15-20 percent gain. My general approach to exits is to set a target based on support/resistance levels and take a partial profit at that level.…
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Is the Gold Breakout for Real?
Gold ETF GLD recently broke out over $100, an area that has provided major “round number resistance” the past two times GLD tried to breakout. When a “major” ETF or market leader breaks out over a number like $100 after basing around that area for a significant amount of time,…
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Speculative GOOG Short
While GOOG is on the bullish focus list and I am high on the setup on pullback, it is very overbought. The two period RSI is off the charts extreme. I took a small speculative short position. My stop is at $526. Target is $510. This gives me 2:1 risk…
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Is FUQI Ready for a Fall?
Momentum stocks usually give ample warning before taking the inevitable fall. Is FUQI showing signs?
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The X Short Trade
On Friday I pointed to the X short setup, if X was to pullback to the 50 day moving average. We got that yesterday. As noted to Trade Report members yesterday, I took the short entry, with a stop just above the moving average. This is a variation of the…
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Anatomy of a Successful SPY Trade – Moving Average Oversold Bounce Setup
This setup was given to Trade Report subscribers. SPY was marked as a “bounce trade” setup on Friday as it neared the 50 day moving average and became short term oversold using stochastics as the oversold indicator. I entered Monday morning on confirmation. The stop was set under the 50…
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Moving Average Breakdown in U.S. Steel (X)
X has broke down below the 50 day moving average and looks good for short entry on a pullback or weak bounce.
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Thursday Plan and Trade Report
Here is the the detailed report I sent to subscribers last night: Market Notes: As price consolidates, the volume pattern is getting more and more ominous. Today’s volume has turned me from neutral to slightly bearish on the market. I am more inclined to take on short positions on the…
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Paul J Singh 