Paul J Singh

  • Watch for the Bullish Tail

    If FAS closes as it looks right now on the chart, a bullish tail will have printed and we will be setup for a strong bounce. Keep an eye on the close . . . The market indexes are acting similar to FAS.

  • New Feature: Trade Stats and Review

    I plan to do a better job this year of posting stats of the trades that I post here and, more importantly, review the trades post trade. Check back tonight or tomorrow morning.

  • Trade: SSO, FAS and USO

    I added to my small SSO position this morning and initiated an oil trade via USO. Both have tight stops beneath support. I was stopped out of FAS at $14.40. I just entered again at $12.77.

  • Today’s Trade: SSO

    I took a small position in SSO today based on the “oversold bounce” or “rubber band” setup. My stop is just below the support line and I will be quick to take any available profits. Update: I am having trouble with chart annotations and will post chart later today.

  • Craziest E-Mail of 2009

    I receive a lot of e-mails from an outstanding group of readers and subscribers. My readers range from those who are just starting out and yearning to learn, to experience hedge fund managers. I have not only taught a lot, but have learned much from my readers. However, every once…

  • Discussion Topic: How are You Trading This Market

    I am interested in how my readers are trading the current market. What’s your market bias? Are you going with longs, shorts or both? What trading vehicles? Favored setups? Leave a comment below or email me at SinghJD1@aol.com As most of you know, over the past few months I have…

  • Trade Update: FAS

    I added to my FAS position at $16.76. I had a buy limit order placed this morning under 17 and it opened at $16.50, so I’m a little disappointed in the price my order was filled. My game plan for this trade was outlined in last night’s Trade Report. .

  • OT: Tim Raines Should Be in the Baseball Hall of Fame

    The Hall of Fame voters missed the boat by not electing Tim Raines today. Even more atrocious is the fact that he got less than 25 percent of the votes. Here is a good article making the case for Raines: http://sports.espn.go.com/mlb/hof09/columns/story?columnist=law_keith&id=3825493 .

  • Trade: FAS

    I went long 200 shares of FAS at $17.63. This is an “oversold bounce setup. This is a low risk trade with a stop just under the support line on the chart. My target is in the $23-25 range. This provides a 3:1 reward to risk ratio.

  • Short and Sweet Game Plan

    I am waiting for weakness in SPY, oil and financials, and will go long on *extreme* weakness.  While the market is getting oversold, it’s not enough to create a high probability trade.   Trading Vehicles: Oil:  USO and DXO Financials:  UYG and FAS SPY:  SSO

  • Quickie Trade Update: DUG and FAZ

    I exited my FAZ ($40.80) and DUG (@24) positions today for profit. My only current positions are short CSX and long HPQ. The DUG trade did not hit my target, but did make a nice profit (entry at $21.19). I exited because a number of indivivual oil service stocks are…

  • Best of January 2008

    Over the coming weeks, I am going to archive some of my favorite posts from 2008. First up are some interesting posts from January 2008. Anatomy of a Broken Momentum Stock A great example of what a broken stock looks like. CPLA never did recover the breakdown level. The Capitulation…

  • Breakout-Pullback Setup: HPQ

    The market is still overbought, so I am not looking to enter any long positions just yet. However, HPQ has formed a nice pattern and is nearing an ideal entry. Setup: Breakout pullback. Yesterday the stock broke out over price resistance on strong volume. Today’s pullback was on lower volume…

  • Today’s Trade: DUG

    As noted to Trade Report subscribers earlier today, I entered DUG at $21.19.  The inverse oil services ETF is near strong price support and is very oversold (oil is overbought).  I am using this trade to short the oil sector. Setup: Oversold bounce.  Stockchastics are way oversold.  The last 6…

  • Today’s Trade: CSX

    I went short 200 shares CSX at $36.48. Setup: Overbought Bounce Nearing Resistance (anybody have a better name?). Stochacastic readings have reached extreme levels. The stock is nearing price and moving average resistance. This is a short term trade. I’ll exit when either my stop or target is hit. Risk:…

  • Oil Trade Exits

    I exited both of my oil trades today for nice gains. Whereas my entries were based on an extremely oversold oil market, today’s exits were based on overbought readings. Price is nearing resistance levels while stochastics are nearing extreme levels. More strength would provide a good short entry.

  • Monday’s Game Plan and Free Trade Report

    I am offering today’s Trade Report, which features my plan for Monday and the coming week, free to blog readers today. Enjoy! January 5, 2008 Market Notes The market is overbought. I’ll get back to that, but first let’s take a look at the overall picture. The market (via SPY-SSO)…

  • Waiting for Pullback

    While my focus list is full of longs, the market is too overbought to enter right now. I am waiting for pullbacks to support for most entries. In the meantime I may take a few more short positions on strength. These are quick trades meant to capture a few points…

  • Trade Update: FAZ

    I added to my FAZ position, 100 shares at $33.75. Even with the two entries, it’s still a small position. My normal position size would be 500 to 750 shares. The current position is 200 shares. If the market gets more overbought next week, I’ll start to get more aggressive.

  • Trade: FAZ

    While not at extreme levels, the market is starting to get a little overbought. The T2108 reading is above 70 and many individual stocks are posting stochastic readings near 70-80. While not making any big bets yet, I took a small probing position in FAZ (entry at $35.09), which gives…

  • 10 Market Thoughts to Start the New Year

    1. Be patient with trades and setups. Do not chase trades. Let them come to you. If you miss a trade, that’s okay. 2. The best setups in this market focus on extremes. Buy extreme weakness and sell extreme strength. 3. Watch for accumulation patterns that form as prices base…