Paul J Singh

  • Quicke Trade Update

    Quick note that I am long MA ($181.04) and QLD, leveraged long Nasdaq ($99.63) and closed out QID, leveraged short Nasdaq ($40.80). I am using weakness today in anticipation of a bounce based on oversold conditions and the holiday tendencies. I picked MA because it has held up well at…

  • Sector Review: Where Have the Momentum Sectors Gone?

    As usual, I went over the this past week’s top and bottom peforming sectors. Most of the sectors that performed well do not look good as longs. This is not a good sign for the market. At best, it signals new leaders are emerging. Worst case scenario is that most…

  • Q & A Session

    Taking a que from Charles Kirk, I am going to entertain questions on any topic that is stock, trading psychology, time management, sports or entertainment related. Basically, stuff I’ve blogged about or that is on your mind. You can send your questions to SinghJD1@aol.com. The best question will receive a…

  • Another Long Setup: IVGN

    Another one of the few longs on my watchlist. IVGN is a biotech company that has held it’s breakout point and acted well during market weakness. This is not a buy recommendation and I have yet to take a position.

  • 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…