Paul J Singh

  • Quickie Trade Update

    I’m in a hurry, thus the quickie trade update. I’ll go into more detail in my next post. I exited NOV for a nice gain. I exited my index and gold plays, DDS, NEM, DBA and SSO for small to moderate gains. I exited GMCR for a loss. I took…

  • Charting National Oil Varco (NOV) and Today’s Trades

    Today I bought 400 shares of NOV at an average price of $127.23. As I noted in Sunday night’s post of last week’s top stocks, oil stocks are making a move. Therefore, I was looking to enter NOV on weakness. As we can see in the chart, the stock broke…

  • Quickie Trade Post

    I took positions in NOV, NEM and SRS (short real estate ETF). I was also stopped out of TOL for a loss. My schedule is full today so I’ll have to detail these trades tonight.

  • 15 Stocks to Watch and the Short Watchlist

    If you are still long on the market, these 15 stocks are a good place to start your quest for trading candidates. They are among the best performing stocks last week. A cursory glance tells me energy and gold are the places to be right now. As expected, I received…

  • A Reader Criticizes My Non-Technical Impulsive Trading

    A reader seemed disappointed with Friday’s “not-so-technical” trades. In that post, I said I was annoyed and pissed off by a market making non-sensical knee jerk moves. To take advantage of an emerging pattern (market is up one day and down the next), I went long the indexes on extreme…

  • A Not So Technical Trade

    I know I’m not the only one annoyed by this market. It’s not that we are in a trading range that’s pissing me off, it’s the non-sensical up and down days we are seeing. Anyway, I’m not going to let my emotions get in the way. As we all can…

  • Indicators are not the be-all and end-all!

    Lately I’ve received many e-mails and comments asking me why I made a trade when so-and-so indicator was divergent or not giving a buy or sell signal. This comment left by Rey is a good example: “It looks like I don’t see eye to eye with you sometimes regarding going…

  • Today’s Trades: RIMM and RS

    I bought 500 shares of RIMM at $82.71. This is a short term trend-pullback play. My intitial target is the high at $85, with a stop at $81. I covered the RS short, 500 shares at $54.05 (entry at $53.16) for a $445 loss (-1.6%). I am still holding GMRC,…

  • Where I Start My Research on a Negative Day

    Only 10 of the 239 Hemscott Industry Groups featured on Telechart were positive today. This is a good place to start tonight’s research. One stock that piqued my interest is SOHU:

  • I Rushed Today’s Trade: GRMN

    I sold 500 shares of GRMN at $107.04 (entry at $105.25) for a $825 gain (+1.7%). I don’t feel good about this trade. It may sound hard to believe, but I am probably more conflicted about this trade than any losing trade I’ve this past year. After reading comments and…

  • Trend-Pullback Watchlist

    The following stocks are on my “trend-pullback” watchlist: Four featured charts:

  • Today’s Trade: GRMN

    I bought 500 shares of GRMN at $105.25. I placed a buy order pre-market at the breakout point, which also marks a new high for the stock. The triangle pattern appealed to me, as well as the strong stochastic and volume readings. I will likely place my stop below the…

  • August Sector Review

    It’s a good idea to keep tabs on what’s working and what’s not, so at the end of every month I do a sector review. Here are the top and bottom twenty for August. Bottom 20 Sectors: Top 20 Sectors: Many of the top performing sectors are coming off down…

  • Why I Don’t Trust this Rally (and Bush Bashing)

    I don’t trust today’s strength, and may use the last hour of trading to initiate some small short positions. The reason for my distrust is twofold. I believe the market is overreacting to comments from Bush that do little to address the subprime problem. Unless he is willing to provide…

  • Chart: TOL

    As noted in the previous post, I took a position in TOL today. Those familiar with my trading style know I don’t tend to buy downtrending stocks. However, I noticed some mean looking divergences that lead me to believe their might be some institutional buying at the current levels. At…

  • Trades and Watchlist

    Trades (posted in comments this morning): I sold 500 FLR at $123.89 (entry at $120.20) for a $1845 gain (+3.4%). I bought 400 TOL at $21.11. I am short 400 shares NUE at $52.56. I bought 400 shares of SDS (2X short S&P 500) at $55.80. I will detail the…

  • Why Running Away Never Won Glory or a Fight

    Fight with valor,and with a sense of shame before your comrades.You are less likely to be killed with a sense of shame.Running away never won glory or a fightHomer, The Iliad Lately I’ve been hearing a lot of traders say it’s a “good time to pull out of the market”…

  • Today’s Trade: FLR

    I bought 500 shares of FLR at $120.20. The stock has been on my primary watchlist since the July breakout and has been a great trend pullback trade. I recently set an entry of $117-120, and the stocked dipped down to $119 yesterday. However, I decided to take a wait…

  • Today’s Trades: GRMN, LEH and QID

    I know I will receive alot of questions asking why I didn’t stick with my short positions longer. While I do feel like the market has more room to the downside, I don’t trust pre-holiday trading for sustained moves. Therefore, I feel it’s best to take my profits with shorter…

  • Today’s Trades: LFC and SDS

    Missing the moves in BCSI and CROX this past week allowed me to come to a conclusion about current market conditions: the small list of realy strong momentum stocks are not pulling back much in this market. My best guess as to the reasoning for this phenomena is that there…

  • Two Stocks to Watch: FLR and HOC

    It’s tough to guess which way the market will go this week, so I won’t make any big bets in either direction. While the bulls did a fine job in terms of price action, what we had was a “V-ish” move toward resistance on light volume. That’s not bullish. So…