Paul J Singh

  • POT

    I bought on the dip below $100. This is a small position size with limited risk. I’ll have a more detailed post later today.

  • A Positive Sign

    Commodities did quite nicely today. This is a good sign.

  • Partial Profits

    I took partial profits (110 shares) on the SSO trade at $37.55. I will use this profit to keep my stop at “break even” level and let the remaining 100 shares “ride”. Thus, I will either make money or break even on this trade.

  • Trade Entry: SSO

    I’m taking another stab at SSO, long 200 shares at $34.81. I noted both in the blog and the Trade Report that I would like to buy in the $35 range and my limit order was filled at the open. I have to admit I am a bit surprised that…

  • Wednesday Game Plan

    I currently am holding one position (K–which is still above entry). I took partial profits in X at $60, moved my stop to entry, and was stopped out. My plan for tomorrow is to take a small position in SSO on weakness. I will likely enter if it dips down…

  • The Morning After . . .

    I woke up early this morning hoping to see something significant going on in early morning trading. I should have slept in. Not much is going on. At least futures are not down significantly. It may be worth noting that Australia cut rates. Could more countries follow? The Australian ETF…

  • Game Plan for Tuesday – Free Trade Report

    The bullish tails that printed today in the indexes and most stocks set up a possible entry tomorrow based on a reversal thesis. I am providing tonight’s Trade Report for blog readers for free. http://docs.google.com/View?docid=d5z8q8w_331gdg73xjn If interested in subscribing, click here. Trade Safe.

  • SPY Prints Possible Reversal Candle

    Believe it or not, although SPY was down almost 4 percent today, technically it was a good day. The index printed a bullish “long tail” candle on massive volume, while the Worden T2108 indicator at extreme oversold levels. Generally, this ia a clear reversal signal, at least short term. The…

  • Trade Alert: Stopped Out

    Minutes ago I was stopped out of the SSO trade for a 200 loss.

  • Trade: SSO

    200 shares of SSO at $38.64. Stop at $37.74. Initial target is $43.64. Next target is $50. Thus, I’m risking $200 for the chance to make $1000+. Note that the T2108 is at historic oversold levels and stochastics are way oversold.

  • Jim Cramer Comment

    Jim Cramer on Realmoney says: “We’re in a Worldwide Crash. I’m not buying, because prices are going even lower.” Hmmmm . . .could this be a contrary indicator?

  • Today’s Trades: X and K

    I just took two small long positions today at current lows. 100 shares of X at $53.46. 100 shares of K at $55.38. These are small positions with tight stops. I am not risking more than $600 on these trades. The idea is take a small, *expected* loss, with the…

  • Kellogg: The New Momentum Play

    Kellogg, Campbell Soup and Clorox–the new league of momentum stocks. When these types of stocks are the only bullish trending stocks around, you know it’s not a bullish momo traders paradise (it is for bear trend traders). Kellogg looks good on a pullback to support.

  • Sector Snapshot

    Only 28 out of the 239 sectors Morningstar tracks were in positive territory over the past week. Out of those 28, only 7 were up over 1 percent. Here’s the list: Not many have good looking charts. Tobacco is showing nice underlying volume. Regional and Pacific banks also have decent…

  • Got Soup?

    CPB has a nice looking chart. This is one of the few traditional non-bounce related setups that has made my watchlist:

  • Trade Update: SSO, DUG and POT

    I was stopped out of 100 shares of POT at $105.18 (short at $125.10) for a loss of $1992 (-18%) I exited DUG at $43.85 (average entry at 36.44). I originally entered with a total of 300 shares. My exits were at $40.12, $42.05 and $43.85, 100 shares each for…

  • Positon Update

    Position update from the Trade Report: I made two trades today, both involving POT. As noted yesterday, I was surprised it did not bounce, so I exited at my entry level today. When it dropped down to $125, it was too good to pass up as an oversold bounce play,…

  • Trade Entry: POT

    I entered POT today as a bounce play at $125.10. As I have been preaching, postion size is small. Reasons for entry:1. Stochastics oversold2. Extreme weakness today3. Positive divergences in RSI and OBV (indicators are making higher lows while price is a lower low). Risks:1. Continuation of downtrend2. Negative market…

  • X Short Setup

    A few more days of bounce would cause X to seup as a nice bear flag short candidate:

  • Important Lesson and Free Trade Report

    I am posting today’s issue of the member only Trade Report. It is the shortest report I have published, and has the smallest focus list ever presented. There are also no charts. However, there is an important lesson that applies to blog readers as well as report membersqau. http://docs.google.com/View?docid=d5z8q8w_313cgc6qqtr

  • 5 Ways to Play this Historic Bear Market

    There are a lot of theories about how to play the current market. Some are predicting Armageddon. Others think this is the mother of all bullish trade opportunities. Then there are those who think it’s best to stay out of the market altogether. Very few of these theories provide a…