Paul J Singh

  • The Only Way I Know to Trade Post-Boom Commodity Bust

    Today I received an insightful comment about commodity stocks and my recent bounce plays: This market is nasty. The commodity stocks you point out had a little bounce yesterday but are down again today. The selling seems indiscriminate. I have only been studying the market for about 8 year so…

  • Commodity Trades and Last Night’s Game Plan from the Trade Report

    Commodities are bouncing off of yesterday’s lows. I entered three trades on weakness today. I bought: 100 shares of POT at $139.22150 DIG at $63.85100 X at $96.36 My strategy going into the trading day was to only buy when the stocks were in the red. I don’t want to…

  • Bounce Play Round 2?

    Though I was stopped out of my bounce playes earlier today, I am going to enter a couple again in a few minutes. There are extremely oversold conditions in this sector.

  • Quickie Trade Update: X, NOV and UYG

    I was stopped out of X and NOV for small losses. I took a very small position in UYG. More details to come.

  • Breakout-Pullback Candidate: ZLC

    I’m waiting for a pullback in ZLC. The stock broke out over resistance on heavy volume and is in the midst of carving out a post breakout trading range.

  • Game Plan for the Week

    There are not a lot of great setups going into the week. Currenly I plan to manage my commodity bounce positions, watch financials for long entries and keep an eye on shorts that are setting up.

  • Trade Entry: POT

    I bought 150 shares of POT at $150.62 (trade posted on blog Friday morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend (topping formation). Stochastics extremely. Price is at March support levels. Risk: Stop is now at entry level. Initial target of $160 hit. Target for remaining 75…

  • Trade Entry: NOV

    I bought 350 shares of NOV at an average price of $60.54 (trade posted on blog Friday morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend. Stochastics extremely oversold in the 7-10 range. Price is at February-March support levels. While the lows have not been reached yet (50),…

  • Trade Entry: X

    I bought 200 shares of X at $110.92 (trade posted on blog this morning). The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend. Stochastics oversold. Price at April support levels. Risk: Stop placed below support level, around $104. Target in the $120-130 range. I hope to have the other…

  • Trade Update: NOV, POT and X

    I took small long positions in X, NOV and POT. These are oversold bounce plays I talked about yesterday. More details to come.

  • The Commodity Trade

    Commodities are extremely oversold. This sets up one of my favorite trades, the oversold bounce trade. I will likely go long a commodity or two if we get more weakness tomorrow. These will be short term setups. The downtrend is still down, and a few days of bounce would setup…

  • The SPY Failed Breakout Trade

    On August 12th I went short SPY around $131 (actually used SDS) based on the “failed breakout scenario” I noted in the trade report. While it’s been a bumpy ride, the trade is really starting to take off now. This is a good example of how important it is not…

  • Expect a Bounce in Nasdaq

    The bullish setup that I had been watching and trading in the Nasdaq was obliterated earlier this week. While the trend is now decidedly bearish, we are nearing a strong support zone that could provide a bounce that can be traded. If QLD (leveraged long Qs) drops down in the…

  • Commodity Game Plan

    I know a few people who are using this morning’s bounce to deploy more energy shorts. However, I’m going to wait for a few more points to add to my existing short positions. While I agree we may get a quick drop here, risk/reward is not great until we get…

  • Trade Setup: KSS

    I have been following KSS for quite some time in the Trade Report. Retail, and KSS specifically, caught my eye as a bottom accumulation setup in early to mid July. The volume on the bounce gave clues that the bounce could lead to a continuation move. Since that time, we…

  • Partial Profits in MOS and X

    I took partial profits in the X and MOS trades. While they had not hit my targets yet, the big drop today was tough to pass on. I still have half the positions on the table. I’ll keep these on and hope for some monster gains in the coming week.

  • Financials and Banks

    Many financial and bank stocks are showing bottoming continuation patterns. However, SKF, the inverse ETF that I use to short the sector, is at a key support level and may be good for a quick trade. The probability of the trade working is likely not better than 50 percent. However,…

  • Monday’s Trade Report

    Below is the Trade Report I sent members on Monday. Many of the themes still apply, especially my focus on commodity short setups. http://docs.google.com/View?docid=d5z8q8w_153kmg679f4

  • PRXL

    I am hesitant to make any big moves going into the holiday weekend, but may take a few small positions in low risk setups like PRXL. Nice looking breakout-pullback play.

  • Intuition, Risk Taking and Trading

    I had a discussion with a Trade Report member earlier today, who asked me about obsessions, compulsions and risk taking. He said his risk taking nature was hurting his trading results by getting him into trades he had not been charting, but had an intuitive “feeling” about. I am by…

  • MOS Trade

    I’ve decided to increase my short position in MOS, with 200 shares at $89.61 (update: sorry about the typo–that’s 108.61).