Paul J Singh

  • Trade Entries: KSS, ARO and LOW

    Retail stocks are nearing my entry levels. However, the negative retail report could pull them down further. For this reason, I am taking small position sizes in my retail trades and using tight stops–KSS, ARO and LOW. I bought 150 shares of KSS at $50.44 I bought 150 shares of…

  • Final Exit in Pot Trade

    update (11:57am): typos fixed. Thanks to those who pointed them out. I exited what was left of my POT position at $159.89. The final details of the trade. 100 shares of POT bought at $139.22 Exit 50 shares at $150.04Exit 50 shares at $160.06 Average exit $155 for 11.3% gain.…

  • Partial Profits in Commodity Bounce Trades

    I took partial profits in all three of my positions at the close. X at $104.10 (short at $96.36)POT at $150.04 (short at $139.22)DIG at $68.66 (short at $63.85) I am moving my stops up to entry levels and letting the remaining shares either hit the next target level or…

  • 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