-
Thursday Game Plan
Here is my plan for today: Here’s my detailed plan for today: http://docs.google.com/View?id=d5z8q8w_1505gnc8qmcc
-
Oversold Bounce Setup: GLD
My recent GLD entry was based on the oversold bounce setup. I only took a 1/3 position today, and will add to it if GLD nears the 50 day moving average, which would offer me a better risk ratio.
-
GS Nearing Bounce Level
GS is oversold and nearing a strong area of support. If the stock drops a few more points today, an oversold bounce entry would provide a low risk trade.
-
Today’s Entry: JEC
I went long JEC today as an oversold bounce setup. Stop is fairly tight.
-
Quoted in an SFO Article on Part-Time Trading
I was quoted in an excellent article on Part-Time Trading in SFO Magazine. There is some great advice by part-time traders, Brett Steenbarger, John Forman and Dan Passarelli. http://www.sfomag.com/ArticlePrint.aspx?ID=1426
-
Today’s Trade: POT
I entered POT today on pullback. My stop is at $109 and target $117, giving me a 2:1 risk ratio.
-
Today’s Entry: STP
I entered STP today on weakness. The stock has shown strong strength in relation to the market, and shows a strong volulme pattern on the recent move up. My target is the September high.
-
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.
-
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…
-
Short Entry: MON
I went short MON as it pulled back to resistance levels via a bearish flag pattern.
-
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.…
-
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
-
Breakout-Pullback Setup: CSH
CSH has been trending nicely. It recently broke out and has now pulled back to support.
-
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…
-
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.
-
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…
-
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…
-
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.…
-
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,…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
Paul J Singh 