Paul J Singh

  • Position Update

    My retail positions are holding up quite nicely (KSS, ARO and LOW). KSS and ARO are still above entries, and LOW has not hit it’s stop. I still plan to hold these until my stop or target is hit. I’ve decided to hold onto USD and lower my stop. It…

  • The Plan

    The plan for tomorrow is simple: wait for the buying opportunity. Once panic really sets in and we get some extreme oversold readings, it will be time to buy. That’s what my studies of past panic events tells me. Most likely, the time to buy will not be tomorrow. It’s…

  • USD Update

    If USD does not bounce from it’s current price, I’m going to close out my position. It’s already very close to my stop.

  • Today’s Trade: USD

    Wow, what a morning. As I noted in the Trade Report last night, it is not the time to make any big bets. However, today’s reaction may provide some good opportunities. I came into today with very few setups. One was to buy USD on weakness based on the oversold…

  • Future Plans for the Site: The Mini-me Account

    Back in January I planned three big changes for this site. Number one on the list was the Trade Report, which has been a tremendous success. In just over two months I have five times the amount of members I had targeted for the end of the year. Most important…

  • 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…