Paul J Singh

  • Quick Trade Entry Update: FSLR, MON, GS, DNR, PAAS, PRXL

    I am using the bounce over the past two days to start a few more pilot short positions. I went short FSLR ($187.33), MON (114.27, GS (202.55) and DNR (26.01). I am long PAAS (35.86) and PRXL (54.80).

  • Mastercard’s Bullish Reversal

    MA (Mastercard) has been on my bearish short watchlist every since it broke down below the 50 day moving average on heavy volume. However, the stock’s technical pattern made a 180 degree reversal in one day, with today’s 28 point gain that easily put it back over the moving average…

  • Post Fed Game Plan

    It is a relief to have the fed cut out of the way. The market’s manic, ultimately negative response, lends credence to my thesis that we will at least test recent lows. I will look to unleash some shorts in the coming days, most likely in last year’s momo stocks…

  • Short Play: Deck

    DECK is one of those fad short plays I have talked about in the past. The stock looks to be forming a topping pattern that could send the stock back where it belongs (currently has a higher PE than AAPL). Let’s take a look at the chart: The first thing…

  • Short DSX

    I am short a dry shipper . . .again. DSX’s recent bounce offers a good short opportunity. The move seems to be stalling at resistance (200 day moving average), and stochastics are overbought and looks to be ready to cross down. My stop is placed just above the 200 day…

  • In Defense of Jim Cramer

    Is there anybody more loved and hated in the stock trading community than Jim Cramer? I doubt it. The guy is a lightening rod, and deservedly so. He’s opinionated and isn’t afraid to speak his mind. Anybody who takes that approach is going to make some great and not so…

  • Weekly Spy Chart

    Analysis of the weekly SPY chart leads me to believe the market still has room for a bounce before the next downturn.Key factors in support of bounce:1. Bounce at major price support2. Stochastic oversold crossover developing3. More room to move until resistance reached. Note that each time stochastic has reached…

  • Weekend Private Chats

    I have some time this weekend to do another round of private chats. For more info, check out this post.

  • Today’s Hot Sector: Agriculture

    Yesterday it was the financials and real estate, and today the hot sector was agriculture. Great move if you caught it. Now the million dollar question is whether this move was due to short covering or the start of a reversal that will resume the sector uptrend. More to the…

  • Today’s Plan

    I am looking hedge my two long index plays (DDM and UWM), with couple of shorts. I went short NOV this morning and may pull the trigger on another stocks with a broken pattern that is bouncing. The shorts are less than half the size of my index positions, which…

  • Today’s Trade: SKF

    Well, I finally gave in. It’s just too tempting. I had to short financials today. I took a hard look at MER and LEH, but decided to go with the “ultrashort” financial ETF. I still am not willing to make any big bets, so I went with a small 100…

  • Quick Trade Update

    I was stopped out of SKF and bought UWM and DDM, which are ultra long the Dow 30 and Russell 2000. Looks like this might be the capitulation bounce we’ve been waiting for. Update: A few readers have asked how I timed the DDM trade so perfectly. I should have…

  • Today’s Trades: QLD and TWM

    The only thing I am willing to do right now is make quick day trades. As I stated last night, I am only watching index and sector ETFs for trades at the moment. I placed two profitable daytrades in QLD and TWM. I will detail the trades and my strategy…

  • Game Plan

    If you read my blog, you probably already know about the carnage that hit the world and the futures markets today, and might be looking to see how I plan to trade this market. Maybe the Spec has some well thought out game plan to make loads of money tomorrow.…

  • Fibs Don’t Work For Me (Q & A Part II)

    Continuing the Q & A series of posts: Suresh asks: Do you use Fibonacci retracement levels for your break-out pull back and earning set up trade ? (I remember seeing DCO was at at 38% FR level when you pulled the trigger) Market Speculator answers: While I do trade retracements…

  • Trade Update and Short Term Trading Plan

    I covered the remainder of the GS short at $186.23 and exited my QLD position at $79. I re-entered QLD at $76.23 with a tight stop (basically using my profits from the last QLD trade to cover this one) in case we bounce in the coming days. We will eventually…

  • Another Trade Update

    I have decided to take on two more small long positions, BVN and HWAY. Both have handled the bad market well. HWAY is in the medical lab sector, which has been somewhat of a safe haven in recent times. While badly beaten stocks are usually the best short term bounce…

  • The Best Indicator is . . .

    Way back in November I asked readers to submit questions for a Q & A session. The response was much more than I anticipated, and even after setting time each week to answer questions, I still have not finished answering half of them. So, rather than answer them all in…

  • Quickie Trading Note: QLD and GS

    I took partial profits in the GS short and QLD. I have lowered my stop on QLD which will allow me to either break even or have a profit on the trade (right now break even looks more likely).

  • Trade Update: QLD

    I bought 200 shares of QLD this morning at $78.23. This is purely a short term bounce play. We are at August lows which may act as support, and Big Ben speaks today. The risk is we blow through the August lows and retest the March lows, which is a…

  • Market Notes: Are We Oversold?

    I am still finding this market tough to trade. I have no problem trading in bear markets, but my issue right now is that we are oversold, but not that oversold. So it’s tough to initiate longs or shorts. If I do decide to trade, it will most likely be…