Paul J Singh

  • 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…

  • Question and Answer

    I don’t have much to say today, so I’m going to use this post to answer questions from e-mail and comments. What do you think of GTLS as a short? I certainly would not buy right now, but not sure I would short either. While the it printed a big…

  • Chart Attack

    Here are selected charts from my watchlist. SRX: Breakdown-pullback with bearish flag forming. FSLR: Momuntume breakout. Hot sector. Overbought so I’d wait for a pullback. LEH: Weak downtrend consolidation. If it falls, lots of room to drop. Easy stop placement limits risk. ICO: Nice Uptrend. Possible buy on low volume…

  • A Monsanto Topping Pattern?

    I went short 100 shares of MON at $120.76. Rather than analyze the trade setup as I have been doing, I’d like to take a look at MON’s weekly chart. It’s starting to look like a top might be forming. Take a look at the price action. For the fist…

  • Today’s Trade: TRLG

    I bought 300 shares of TRLG at $22.41. Setup: Earnings-Breakout-Pullback. This specialty retailer broke out on massive volume two days ago as a result of strong earnings. I bought today on the pullback, about a point away from the bottom of the breakout candle. Risk: I plan to hold this…

  • Quick Trade Note: MTL, SWN, EWZ, SKF and LEH

    I took profits in my remaining shares of MTL and SWN, and partial profits in EWZ and SKF. I went short 150 shares of LEH at $44.68. The small position size was required because the stock is slightly above the 50 day moving average.

  • Sectors Nearest New Highs

    Here is a list of sectors ranked according to “percent of 52 week high”. Most sectors on this list will come as no surprise. However, “regional southwest banks” threw me for a loop. I dug deeper and looked at individual stocks and did not find one that I’d put on…

  • Today’s Trade: EWZ

    I bought 200 shares of EWZ, the Brazil ETF, at $91.61. Setup: Bullish Flag post Breakout-Breakout Pullback. The stock pulled back to the top of the breakout level, which is also where it broke resistance. Recent volume pattern is strong and obv has increased as stock has pulled back from…

  • Are Steel Stocks Ready to Rollover?

    It has not been wise betting against steel stocks, but there may be a low risk short setup forming. Let’s take a look at the chart of AKS, which is representative of many steel stocks (MTL, ZEUS, X). The first thing that concerns me is that RSI has made a…

  • Trade: Gold’s Sell Signal

    Over the past few months overbought stochastics readings have given reliable short term sell/short signals. We are just about there right now. I used today’s strength to short gold via DZZ (300 shares at $29.22), which is a leveraged gold short. Here is the GLD chart. Pay attention to the…

  • Trade Setup: BBD

    I bought 200 shares of BBD, a Brazilian bank, at $23.31. Setup: Breakout-Pullback. The stock pulled back to the breakout level and has a strong volume pattern. As a plus, Brazilian stocks have been on fire. Risk: My initial target is the old high around $25. I will either take…

  • Quick Trade Note

    I bought BBD and CAT. Took partial profit in MTL, SWN and NFLX (short). I’ll have more details later. I am looking to go long energy and steel on a decent sized pullback, and short any of my bearish candidates on strength.

  • Trade: MTL

    I bought 200 shares of MTL at $147.85. Setup: Trend Pullback. The stock pulled back to the 50 day moving average and seems to have confirmed that it will hold. I like the volume pattern and obv looks strong. Risk: My initial target is the old high around $160. I…

  • DIG Confirmation

    DIG confirmed the bullish tail candle at support. I may add positions tomorrow if there is a slight pullback. I am already holding SWN.

  • Trade: MDP

    I am short 300 shares of MDP at $33.95. This is a bear flag setup. Volume and OBV stink (which is what I want for a short) and stochastics are overbought. There are a couple of good places to place a stop. The two I agonized over were the top…

  • Time Saving Tip: Weekly Focus List

    As a part-time trader, time management is as vital to success as picking stocks or managing my portfolio. Over the years I have developed tricks to streamline what used to take me up to 4 hours a night, down to about 45 minutes. Over the next week I will share…

  • My Daily Prep Notes

    Here are my daily prep notes, copied directly from my prep journal: Today’s big move could have been just a post fed reaction or the start of a leg up. Commodities that have been leaders were crushed today, although many closed nicely with long tails and still are just above…

  • Trade Entry: SWN

    Trade Entered: 300 SWN at $39.77 Trade Setup: I entered based on the earnings-breakout-pullback setup. The stock, reacting to earnings, broke to new highs on heavy volume last Friday. The stock and it’s sector have been in an uptrend with strong volume patterns. I bought on a pullback to the…

  • Quick Trade Note

    I bought 100 shares of SKF (short financials) at $96.53. I bought 300 shares of SWN at $39.77 I was stopped out of ANR at $47.40 for a loss. I went short 200 shares of GRMN at $42.67 I will detail these trades later today.

  • Thesis for Fed Day

    Everybody is gearing up for Fed day. There will likely be volatility and an overreaction to the decision. Even if the Street gets what it wants, a positive price move will likely be short lived. As Rob at Quantifiable Edges points out, positive reactons to the fed tend to fade…

  • MOS Chart

    Long time readers know one of my mantras is to keep on doing it until it ceases to work. Once I see a pattern emerge, I will continually go after it. Let’s take a look at the MOS chart to illustrate this point. Over the past 6 months, buying the…