Paul J Singh

  • MTL at Support

    I still like MTL here. The stock has not broke support and down volume has been lighter than previous up volume. The 50 day moving average has been a good entry point.

  • You Wouldn’t Like Me When I’m Angry!!!

    Marvel, the comic media company that recently released Iron Man and the upcoming Hulk movie, is on fire. Bear Market you say? There are still longs to be found, and MVL is a good example.

  • Breakout-Pullback Candidate

    Zolt is pulling back to its breakout point. It’s not a buy yet, but keep an eye on this one once the overall market gives us a buy signal.

  • USO Chart

    I will wait for pullback.

  • Trade Setup: MTL

    I bought 200 shares of MTL at $53.84. Setup: Trend Pullback. Nice trend. OBV and volume pattern look good. Stock has more accumulation than distribution days. RSI bouncing. Stoch turning up at higher high. Risk: Initial target is 60. Stop is either under yesterdays confirmaion bar or the 50 day…

  • APPL Buy Point and Negative Divergence

    I am thinking about putting a buy stop in place for AAPL just above $190. As you can see from the chart, that would be the logical breakout entry. A major concern of mine is the RSI divergence that is developing. Last year I did a study of breakouts accompanied…

  • Earnings Breakout: BOBE

    BOBE broke out today over long term resistance levels in a reaction to a postivie earnings announcement today. It is also worth noting that this stock has a high short interest ratio. This is a good example of an earnings breakout candidate.

  • How To Play This Market

    The e-mails I have received over the past week tell me that many of you are confused about how to play this market. Many of you see some good setups, both long and short, but are afraid to pull the trigger because you do not know which way the market…

  • USO

    USO is starting to look interesting as a buy, but not at the current level. I have set my buypoint in the $95-96 range. The 50 day moving average should provide support for at least a bounce, and possibly a continuation of the upmove. The buy is contingent on volume…

  • Trade Setup: SOLF

    I bought 300 shares of SOLF at an average price of $21.48. Setup: Breakout Pullback. The stock has pulled back to the 20 day moving average after a strong breakout. Stochastics recently reached oversold levels and has turned up. The volume pattern is consistent with the breakout-pullback setup, with volume…

  • The Focus List

    Here are a bunch of stocks that are front and center on the focus list: Bullish: ACI, MA, ESV, RDC, EWZ, SOLF, INFY (46), SOL, JOYG (80), EXM, FWLT, FLR (181), BZP, ILMN (bo 80), CAT (81), CAN, ZOLT, ZUMZ, BTU, RL, RIMM, CF, CLF, MTL, LUFK Bearish: URBN, RHI,…

  • The Power of Strong Support

    I outlined my entry in APA on Friday. Today the stock is up over 3 points on a negative day for the market (as of noon eastern time). This is a good example of the power of strong support.

  • Today’s Entry: APA

    I bought 100 shares of APA at $133.34. Setup: Trend Pullback. The stock has pulled back to the 50 day moving average, where it found support the last two times it reached this level. Stochastics are oversold and OBV remains stong. Risk: My intial target is the recent high at…

  • Pilot Position in CLF

    I took a small 75 share position in CLF today at $102.01. This one’s an early breakout pullback. The stock could pullback to the breakout point at $97 and still look good. My stop is around $95 with an undefined upside target in new high territory.

  • Questions and Answers

    What books do you recommend? I have read over 100 books on trading and frankly, most have been a waste of time. A few that I have liked include The Market Wizards books by Jack Schwager, Entries and Exits by Alexander Elder, Thomas Bulkowski’s chart pattern books, Alan Farley’s trading…

  • Trade Setup: EWZ

    I bought 200 shares of EWZ at $95.21. Setup: Breakout and Trend Pullback. A low volume orderly pullback to the 20 day moving average. Strong obv and stochastics have reached extremely oversold levels. Risk: My intial target is the recent high at $100. I would likely take partial profits, move…

  • I’m Back

    I’m back from vacation and hope to get into the swing of things this week. By far, the number one question I have received during my hiatus is when I plan to exit the DUG trade. I have moved my stop to break even and plan to stay in until…

  • DUG Divergence

    Take a look at the DUG chart below. Notice that RSI has made a higher low while price action has made a lower low. The ETF, which is short oil and gas, is also extremely oversold. I took a small position this morning.

  • Quickie Trade Update: MTL, BZP and USO

    I entered MTL and BZP. MTL is showing a negative divergence, but the steel sector looks like it can be bought on today’s dip. BZP is showing strength on the pullback at support. I am thinking of pulling the trigger on a small short position in oil.

  • Watchlist and Trade

    Here are the stocks that made my weekly watchlist: drys hma x ewz lufk cybs aks bzp mtl csiq gnk rimm fls sol fslr crk (bo-htf) jrjc flr apa dvn vip I bought CRK on today’s breakout, using a buy stop with a limit place just above the consolidation area.

  • Trade: CYBS

    I bought CYBS four days ago, after the stock had pulled back from the breakout point and stochastics crossed over from oversold territory. Since I did not post it here I won’t include it in my performance stats, assuming I ever get around to updating them (you can click on…