Paul J Singh

  • Game Plan: Play the Pullback, Then Buy

    My current game plan is to play the expected pullback (based on overbought conditions, volume, price candles and resistance levels) with inverse ETFs (currently in SRS and SDS). Once stocks on my bullish focus list pull back to support levels, I’ll reverse and start buying.

  • Correcton: Overbought Market

    In the previous post I said the market is oversold. Obviously I meant it is overbought. Thanks to those who commented and e-mailed me.

  • Trade: SDS

    I entered 400 shares of SDS today when my buy limit order was hit at $88.15. I don’t do this often, but I am using two different stops for this trade. Half the position has a stop just above $78, while the other half is above the 50 day moving…

  • SPY at a Glance

    The doji candle printed Friday, which follows a bounce on low volume with overbought stochastics, leads me to believe we’ll see a pullback this week.

  • Trade: SRS

    I took a small “probing” position in SRS (ultrashort real estate) today at $61.55. As noted in a previous post, the bottom of price support is in the $50 range, thus the small position size. Note the extremely oversold the stochastic indicator.

  • SPY Chart

  • 2 Low Risk Real Estate Short Entries

    If looking to get short on the current or future bounce, SRS offers two low risk and easily managed entries. The leveraged real estate ETF is currently right at moving average support. An entry here with a tight stop under the moving average provides low risk If the top is…

  • Taking Full Profits in existing SSO Position

    I took profits in the remainder of my SSO position at $17.02 (entry at $14.25). My only current positions are half positions in USD and X. I am looking to add longs on a decent pullback and shorts on a multi-day bounce.

  • USD

    One of my favorite bottom plays going into yesterday’s bounce was USD (semiconductor ETF). While I am still holding a partial positions, it’s now moved right into resistance. I may add to it on a pullback.

  • Quick Update

    I am taking partial profits this morning. More info to come.

  • The Gold Short: AEM

    The short gold trade I mentioned yesterday is working great so far. I entered AEM at $49.80.

  • Gold and Silver Stocks are Setting Up as Shorts

    Many gold and silver stocks showed distribution patterns on the recent pullback. here are a few of my favorite short setups: PAAS, SLV, AEM, KGC

  • The AAPL Short

    As posted in the Trade Report earlier this week, I went short 300 shares of AAPL at $89.20. This was done mosly as a hedge against my new long positions (MOS, USD SIGM, USO), and I was a bit nervous about the trade since it was showing good relative strength…

  • Short Setups in the Even of a Bounce

    If the market gives us a multi-day bounce, I would like to use it to initiate a few short positions. I am currently watching broken stocks that are bouncing towards resistance levels. ALXN is a good example. A few days of bounce would put it near the 50 day moving…

  • Trade: Partial Profits in MOS

    I took partial profits in MOS today, selling half my shares at $43.10 (+10.2%). As noted in a Trade Alert sent to my subscribers, my entry was at $39.10. I have moved my stop up and will let the rest “ride”. This is now a “free trade”. I’ve locked in…

  • Volume and Bottom Formation

    Notice that volume during the second leg of the “W” formation is less than that of the first leg. If a bottom formation is in the works, this is a good sign.

  • Trade: USD

    I took a position in USD today. Price has held up well and is at a strong support level. Notice the positive divergence in OBV compared to price.

  • A Crappy Picture That Clarifies the Ideal Volume Pattern

    This picture I created ain’t pretty, but it does a good job of showing the type of volume pattern I look for during bottom formations:

  • Update

    For those wondering why I haven’t posted much lately, I’ve been ill and have spent little time on the computer. I am holding SSO and GOOG, was recently stopped out of MOS and took profits in USO.

  • Current Positions

    I made three trades on Friday: I entered 400 shares of SSO at $18.55. See chart above for analysis. I also entered 300 shares of MOS at $40.11. See chart below. I entered 75 shares of GOOG at $339. See chart below. I am still holding 200 shares of USO…

  • Trade Update: STLD and USO

    I was stopped out of STLD today at $10.50. I am still holding USO.