Paul J Singh

  • SPY Chart

  • The Game Plan

    Today’s move was unexpected and has changed the character of the market and for the moment, it looks like the reversal is in. Take a look at my post right after the market close: http://themarketspeculator.blogspot.com/2009/03/definate-change-in-market-character.html It’s not time to add shorts, even with the big move. However, I’d like to…

  • Definite Change in Market Character

    Today marked a change in character for the market. SPY has now convincingly mounted the 50 day moving average, the volume pattern shows accumulation, RSI is steady above 50 and the price bar is of the “breakout” variety. I’ll be looking for a pullback to initiate longs.

  • Chart: ACOR

    ACOR is the only new addition to the focus list:

  • Correction in SRS Trade, Partial Profits in SDS

    I wrote the wrong entries for my SRS trade yesterday. The correct prices are 200 shares at $57 and 200 shares at $58.11. I am taking profits on 200 shares just now at $61.90 and am moving my stop on the remaining up to $57. I also took partial profits…

  • Trade Tracker

    Here are my current trades, as posted in the Trade Report: Trade Tracker: SDS: Still holding (400 shares at average price of $80.83, currently $83.31) USD: I took profits in the rest of the X position at $21 (entry at $17.25) for a $562 gain (total trade $862 gain). X:…

  • Last Night’s Trade Report

    Here is the Trade Report I sent to subscribers last night. In it is also a link to Monday’s report, which is probably more important. http://docs.google.com/Doc?id=d5z8q8w_828pc9n57gv

  • 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…