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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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APOL Offers a Low Risk Setup
APOL has a weird, volatile pattern, but still offers a low risk setup off a breakout-pullback. An entry here at $71, with a stop under the moving average at $69.60 and a target at $74, offers a 2:1 reward to risk ratio. CPLA, another education stock, has a similar setup.
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Trade Update
Trade Update that I sent subscribers: I took profits and exited half my BIDU short at $380 (average entry $402.44). I was stopped out of ENER long position at $12.40 for a small loss. I took profits on the remaining shares of AIG long position at $46. One of my…
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Low Risk AMZN Short
AMZN has been a great “extremes” trade (stochastics 90+ and extended price) for the past few months, both as a long and short. The stock is again extended, and offers a low risk short opportunity. Entry here with a tight stop offers a favorable a reward to risk ratio. Allow…
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I am looking to enter ACI
Coal, and ACI, have been on fire of late. It’s tough to find a good entry, so I may just enter on today’s break of a bull-flag pullback.
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AIG and the Breakout-Pullback Setup
Back on September 9th, when I posted about entering AIG, it has pulled back post breakout and showed a great accumulation pattern. Since then the stock has catapulted back up towards the recent highs. I entered at $37, took a partial exit and am still holding a positon near $52.…
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CPLA Short Setup
CPLA is showing a classic breakdown-pullback setup. The stock broke down below teh 50 day moving average with strong price bears, and now is in the midst of an orderly pullback to resistance.
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AIG is a Great Low Risk Setup
AIG’s volume pattern shows that it is under accumulation. This pullback offers a low risk setup. If entered around $37, with a stop under the 20 day moving average at $34.50 and target near the recent high at $50, we are looking at a 6:1 reward ratio. If you find…
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Recent Trades: FUQI, DZZ, SPY, AMZN
I made the following trades today, which were sent to subscribers intra-day: Shorts: FUQI, SPY, long DZZ (GLD short) Long Exit: AMZN (entry at $78, exit at $81.10) I’ll detail the setups tonight or tomorrow.
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Game Plan and Free Trade Report
Here is my game plan for the rest of the week and free trade report. Watch for the key SPY support levels. A continuation of the down move would setup some nice “oversold bounce” trades. http://docs.google.com/Doc?id=d5z8q8w_1296ffhsmdfn September 2, 2009 Note: I will not have access to a computer Thursday and…
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My Current Postion: AAPL Short
Last week I posted about APPL showing signs of pulling back, but still being a tough read. As Report members know, I decided to short on the once it made a thrust to $170. Overbought conditions, distance from the 50 day moving average and a negative divergence in RSI made…
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Is DE (John Deere) a Short Setup?
A Trade Report member sent me an email about DE. Here is the e-mail and my response I think it is great time to short “DE”? RSI, OBV and MACD are all bearish…plus, the Durable good is bad.. While the price pattern is not bearish, I agree in that RSI…
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Short Setup Negated: BCSI
For the time being, the short setup in BCSI is negated. The stock broke out over moving average resistance today.
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M. Martin–Contact Me
M. Martin. Please contact me from an e-mail address different that you used to sign up via paypal.
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Paul J Singh 