Paul J Singh

  • Shorts Outnumber Longs on the Watchlist

    My shorts list outnumbers my long list 3:1 right now. I am only considering longs that recently broke out on high volume (usually due to earnings), and have held the breakout point. WFR is a good example:

  • Trade Notes

    I exited DCO at 42 (entry at$38.10) for a $1170 gain (+10.1%) . The setup was an earnings breakout-pullback. I will re-enter on a pullback to $40. I exited 200 shares of NOV at $67.35 (entry at $63.74) for a $722 gain (+5.7%) . This was an oversold bounce play…

  • Quick Hit Market Thoughts

    In Sunday’s post, I talked about not trying to game the first bounce and playing the second bounce. The first bounce is underway. I expect that we will see a retest of the recent lows shortly. Assuming they hold, that is the bounce to play.Volume was not good today. Volume…

  • Trade Notes

    Today’s bounce may present a good short entry. I just went short VMW (89.10) as it nears resistance (former support), TOL (21.46), and took small positions in ultrashorts QID (40.85) and SDS (55.56). On the long side, oil stocks are extremely oversold. I took small long positions in NOV (63.74)…

  • High Flyers Have Lost Their Wings

    My focus list, which is mostly comprised of momentum stocks, looked ugly today. Not only was there a lot of red, but many stocks have broken major support levels. Because of this, I cannot play a bounce in these stocks. I never play bounces when support has broken. Many of…

  • Better to Play the Second Bounce

    It’s easier to play the second bounce, as opposed to trying to time the first. If you take a look at the chart above (SPY vs T2108), it is obvious that there is no sure fire method in timing the bottom of a correction. The T2108 indicator (via telechart) measures…

  • Sector Review

    This was not a great week for the market. We still don’t know if the character of this bull market has changed or it was just a natural correction. Either way, after a negative week, it pays to make note of what is working. During a week where every major…

  • Trades

    At the end of this post, there is a note that I want all of my readers to view. Yesterday, I was stopped out of 300 shares of AAPL at $179.85 (entry at $185.09) for a $1572 loss (-2.9%). Yesterday, my trailing stop on RIMM was hit at $125 (entry…

  • Hectic Week

    Sorry for the lack of posts, guys and gals. I’ve had a hectic week. Either later today, or early tomorrow, I’ll have a details on all my trades and market thoughts.

  • Quickie Trade Update

    I’ve been very busy the this week, and haven’t had a chance to post trades. I am long RIMM, CTRP, AAPL, MEE, NOV, RIG, BPHX, DCO, and DE. I am short TBSI, LEH and USO. I plan to lighten up today.

  • Trading Tips for the Part-Time Trader

    Like many of you, I trade around my full-time job. Sometimes it feels at though I have two full-time jobs. Trading successfully requires a smart, detailed approach. I wrote a guest post over at Blain Reinkensmeyer’s site, detailing five smart tips for the part-time trader. Head on over there and…

  • Sectors that are Working in this Volatile Market

    Two sectors that have withstood current volatility and selling pressure are Education Services and Aerospace/Defense. A few stocks from these sectors of particular interest are CPLA, EDU, BEAV and ATK. CPLA Chart: BEAV Chart:

  • Friday’s Breakouts

    I am looking for orderly pullbacks in the following breakout stocks:

  • 10 Rapid Fire Trading Thoughts

    1. Trading earnings breakouts has been a highly effective strategy during the 4th quarter thus far. 2. In the financial area, stick with Goldman Sachs and forget the rest. 3. I’ve been holding trades longer than usual over the past few months. This is the best way to play a…

  • Today’s Trade: FLR, VMX, MICC, DRYS, CTRP, FWLT

    I sold 300 shares of VMX at $124.25 (entry at $111.24) for a $3879 gain (+11.6%). A post earnings IPO play that has done as expected. I sold 300 shares of MICC at $111.13 (entry at $100.63) for a $3150 gain (+10.4%). This was another post earnings breakout play that…

  • Five Explosive Breakouts

    Here are five explosive breakouts that I will be watching very closely:

  • Short Candidate: Honeywell

    Due to the fact that we have been in a solid uptrend, I haven’t pointed out many short candidates over the past few months. While the market is currently in a state of flux, I am still hesitant to fire off a big batch of shorts since we are still…

  • A Blast From the Past: Criminal Minds

    A little over a year ago, I posted quotes from the hit TV show Criminal Minds that related to trading. Surprisingly, it’s been one of the site’s most popular posts. It seems a lot of civilians (aka non-traders) search Criminal Minds quotes on google. Here is the post in it’s…

  • Quickie Trade Updates: RIMM and TOL

    I bought 400 shares of RIMM at $118.91. This is a break-out pullback play. I’m short another 200 shares of TOL at $23.24. Update: I bought 300 shares of VMW at $111.24. Another breakout-pullback play.

  • Top Performing Focus List Stocks

    Here are today’s top performers from my focus list. Many are either post earnings movers (a la AKAM, GLDN, VMW, WX, ISRG, YUM) or industrial/chem/ag related stocks, which provides a clue as to what is working in the current market. I have marked a few of these as buys on…

  • Quickie Trade Note: TOL, MICC and SAY

    I bought SAY at $28.42 (earnings breakout-pullback) and short TOL at $23.05. I also took profits in MICC at $108.17. I’d like to buy more of MICC on pullback.