Paul J Singh

  • EOG . . .WOW!

    I had much confidence in the EOG trade, but even I didn’t expect the move to happen just hours after I entered. I took partial profits at my $127 target, exiting 100 shares for a $846 gain (+7.1%). I’ve moved my stop up to the entry point for the remaining…

  • Today’s Trades: EOG and DCR

    I bought 200 shares EOG at $118.54 today. The setup is a classic breakout pullback play on a stock exhibiting a strong volume pattern. Now for the speculative play I spoke of in a previous post. I bought 500 shares of DCR at $8.64. DCR is a “down oil” ETF.…

  • Today’s Trade: MON

    I took a small short position in MON today, shorting 150 shares at $108.53. As noted in my previous posts, distribution has taken over ag related sectors and MON is taking the lead in this phase. I have yet to see a strong price move coupled with strong volume, which…

  • GTLS Entry and a Speculative Play

    I entered GTLS today, 400 shares at an average price of $34.22. This is one of my favorite setups, the earnings breakout-pullback. Take a look at the awesome volume pattern. My stop is just below the breakout bar, with an initial target at $38. I wish I had time to…

  • Quick Thought: The Commodity Bounce

    Many broken commodity plays, like the ag sector, have made big bounces today (as of 11:35 AM ET). Keep an eye on volume. One of two things is going to happen: 1. A low volume bounce which will be a “dead cat” signal. If this happens I will intitiate shorts…

  • Exite Trade Updates

    CPLA: On Thursday, I went short 400 shares of CPLA at $55.68 based on a pullback from breakdown in its downtrend. I covered 150 shares on Friday at $52.66and another 150 today at $51.85 for a $1029 gain (+6.1%). I am still short 100 shares. AKS: On Thursday I bought…

  • BOOM!

    I made some good money and a few trades today. I hope to have them all updated later tonight. Most of my time was spent closing out positions, but I did manage to make a few entries, both long and short. Can you guess which way I went with BOOM?

  • The Game Plan for Shorting Agriculture

    As I previously discussed, I am no longer bullish on the ag sector. As DBA shows, the ETF is showing a distribution pattern common among tops. This weekend I analyzed the sector in search of shorts and came up with three names that head my watchlist: TRA, DE and MON.…

  • DBA Analysis Revisited

    On February 26th, I noted my skepticism about the ag sector. At the time ag ETF DBA was trading at $43. As of this posting, it is at $39.50. I received many e-mails disagreeing with my analysis. This post is not to boast, but to point out how important it…

  • Today’s Trade: GGB

    I bought 200 shares of GGB, a steel stock, at $31.30. I bought 200 shares of JOYG at $67.15. I lightened up on my DECK and CPLA shorts. I’ll get more in depth on these trades later today. I have enough longs now and will look to add shorts on…

  • The Breakout Scan is Broken

    Only 15 stocks made my breakout scan, and of those, three of them were ultrashort ETFs. Three of the stocks on the list interest me. Take a look at their charts and try to figure out the breakout plays.

  • Today’s Trade: CPLA (Short) and AKS

    I went short 400 shares of CPLA at $55.68. This was a textbook short play that took a nose dive shortly after I entered. I bought after the stock’s failure at the 200 day moving average. This is one of my go to patterns: broken momo stock, drops below 200…

  • Market Notes and a Trade

    There has been some confusion that I would like to clear up. Some of you think that I am bullish on the market because I am making long play on the S&P 500. Nothing could be further from the truth. This is a short term bounce play within a downtrending…

  • Trade Update: SPY, ICLR, DECK

    I bought 200 shares of SSO at $65.84. For those that didn’t read last night’s post, this trade is based on the oversold stochastic strategy. Not sure if I am in too early, as the read line is still above 20. However, the black line, which I focus on, is…

  • Trading SPY and Stochastics in a Bear Market

    If recent history is any indication, the next time the stochastic indicator hits an extreme oversold reading of less than 20, it will be time to buy the S&P 500. Since October the SPY has hit this level 6 times and made at least a three point gain in 5…

  • SPY and Stochastics

    I’ll have more on this tonight, but keep an eye on the SPY and the stochastic reading (set at 5,3,3). Recent history suggests that an extreme oversold reading will be an excellent short term trade.

  • Elite Traders Are Not Afraid to Fail

    I received an e-mail from a reader who has been gun shy since starting the year off with a couple of bad trades. Here is a post going back to September 2006 that hits this issue head on: I just had an IM chat with a trading buddy. After listening…

  • Today’s Trades: TWM, CREE, AKS and DECK

    I sold 400 shares of TWM at $83.64 (entry at $77.10) for a $2616 gain (+8.4%). I will likely enter again on a pullback or breakout of trading range. I was stopped out of CREE at $31.90 (entry at $33.53) for a $489 loss (-4.8%). I still like the chart…

  • Friday Watchlist

    Here are the stocks on my primary watchlist for Friday: Shorts: STX, RICK, LVS, ESRX, MBT, AXLN, PSYS, DECK, BLKB, INTU, SPY Longs: FLS, EOG, KWK, AXYS, CMED, XOP, PBR, XME, BRMN, APA, MEE

  • A Bullish Divergence in AAPL?

    Frequent e-mailer and one of my most loyal readers, Hal B., asked about a bullish divergence setup in AAPL. I don’t have annotation capabilities from my current locale, so bear with me as I explain the chart. I do see a slight divergence that might be used for an extremely…

  • Today’s Trade: PCLN

    I bought 50 shares of PCLN at $121.30. I like the chart, but it was tough finding a good entry. We’ve got support at old resistance, which is $120. However, many strong breakouts pullback to the bottom of the breakout candle. If that were to happen, the stock could pullback…