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Where is the Dip?
Like many traders, I’m having a hard time finding entry points. CPLA is a good example of most stocks on my focus list. The stock that is extended and just won’t quit going up. There are three logical ways to play this market: 1) Jump in now, which is probably…
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Today’s Trades: RIMM, DHI, TBSI
I added to my position in RIMM, buying 200 shares at $115.27. I went short 300 shares of DHI at $14.63. The housing stock is at the top of it’s downward trending channel. I bought 300 shares of TBSI at an average price of $45.53. Over the weekend I decided…
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5 Sectors to Watch this Week
I will be watching the following sectors closely this week: Industrial Metals recently broke out to new highs and is now consolidating gains. I am looking for low volume weakness in the sector’s strongest stocks, which include FDG, BOOM and BBL.
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Applying the Strategic Elements of Sports to Trading
Trading psychologist Brett Steenbarger wrote an excellent post relating sports psychology to trading. I highly recommend it to anybody in the trading game. This paragraph struck a cord with me: “The finding that experts in a particular sport are better than novices, not merely at physical skills but also on…
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Today’s Trades: LULU and RIMM
I bought 400 shares of LULU at $44.80. I like LULU as a developing hot momentum play to be bought on dips. I bought 300 shares of RIMM at $110.12. Strong accumulation on this trending stock leads me to believe the response to earnings is the start of a new…
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Chart: LVS
LVS has shown solid accumulation during the uptrend. If today’s hammer is confirmed by a close above $130 tomorrow, we could see another leg up.
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10 Greatest Quarterbacks Since 1980
As many of you have probably figured out, I am a sports junkie. Today at work we had a lively, bordering on heated, debate over all-time great quarterbacks. I know alot of you are football fans, so I figured I’d post my thoughts. I am ranking the top 10 quarterbacks…
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I just missed out on a $1400 gain! (and NOV trade)
This morning I placed a buy stop for 100 shares of BIDU at $305, using my “buy the weakness” strategy for the stock. As you can see from the chart below, the stock dipped to $306 before rocketing to $318. Trading can be a frustrating game. I’m going to have…
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Today’s Focus List Top 25
On days the feature broad based selling, like today, it is a good idea to keep tabs on the stocks that ignored market weakness. Today only 33 of the 120 stocks in my focus list made positive gains. Here are the top 25:
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The Bidu Trade: Luck or Skill?
KR asked the following question about my BIDU trade: “BIDU was based on luck or trading secret? Other than oversold indication at Stochastic, I did not see any reason to jump in before seeing some more weakness. What was the reason to jump in Y’day for you?” Since I started…
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Today’s Trades: BIDU, LULU, OII, NOV, AEM, NILE
I sold 70 shares of BIDU at $312.14 (entry at $284.26) for a $1951 gain (+9.8%). I believe this was the first time I have ever traded BIDU, and judging from the results, probably won’t be my last. I will likely continue to buy on weakness. I sold 400 shares…
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Chart: OII
Oceaneering Internat (OII) has consistently been a buy on pullbacks to the 20 day moving average. This is a “keep it simple, stupid” trade, which is why I did not add any indicators to this chart. Why complicate maters? I will likely enter on a low volume pullback to the…
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Watchlist and BIDU Position
I took a small position in BIDU on weakness this morning, buying 70 shares at an average price of $284.26. My initial target is the recent high at $300. Stocks I’m monitoring closely include: FCX, SLB, NOV, BHP, AEM, EWZ, DGIT, DWSN, NILE and TBSI.
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Links that Get the Market Speculator’s Seal of Approval
Trading LinksCharles Kirk does a good job of pointing out the developing double top in the S&P 500. While it’s important to watch developing patterns, it’s dangerous to make predictions before the pattern fully reveals itself. When everybody is looking at the same thing, patterns have a tendency to do…
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Strong Accumulation Pattern in NILE
One of the most important factors I look for in selecting a stock to trade is a stong accumulation pattern. NILE is a good example of a stock under accumulation. Take note of the strong volume on up days versus the low volume down days. This is our first que…
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Strategic Flexibility is a Key to Trading Success
Your strategy has to be flexible enough to change when the environment changes. The mistake most people make is they keep the same strategy all the time. They say, “Damn, the market didn’t behave the way I thought it would.” Why should it? Life and the markets just don’twork that…
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Today’s Trades: AEM, FWLT, NILE and FCX
I sold 300 shares of AEM at $50.35 (entry at $46.85) for a $1050 gain (+7.4%). I sold 200 shares of FCX at $107.50 (entry at $105.25) for a $450 gain (+2.1%). I sold 200 shares of FWLT at $133.32 (average entry $127.88) for a $1088 gain (+4.3%). Update (9:45am):…
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The Focus List Sorted by Float
Stocks with a low float (number of shares outstanding) have propensity to make explosive post breakout gains. For this reason, I like to sort my focus list by float and study these stocks very closely. Here are the stocks from my focus list with the lowest float:
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Today’s Trade: NILE
I bought 300 shares of NILE at $96.55. The stock has pulled back to the old high on light volume. My stop is at $94.55 with an upside target of $103. If I get stopped out due to a deeper correction in the stock, I would probably re-enter in the…
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Today’s Trade: AEM
I bought 300 shares of AEM at $46.85. I’ve been waiting for a pullback to support in gold and it looks like we’ve finally got one. Stochastics have reached extremely oversold levels and obv has dipped to a support level on low volume. There are a few reasons to be…
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Paul J Singh 