Paul J Singh

  • Eleven Articles that Educated or Entertained Me

    Here are eleven articles that either educated or entertained me: Chris Perruna makes the case for the best home-builder stock (Stocks). Organize by urgency vs importance (Time Management). The Sports Guy is always an entertaining read (Sports/Comedy). James Brown being crazy on the news (Entertainment/Comedy). Mark Cuban on Metcalfe’s Law…

  • Chart: IDXX

    Last night I was scanning sectors that had outperfomed the market over the past month. Number one on the list was Diagnostics, a sub-industry in the Healthcare sector. A stock that caught my eye that had not been showing up on my nightly scans and focus lists was IDXX. Most…

  • Shorting Momentum Stocks: the GRMN Trade

    Those of you familiar with my trading style know I rarely short high flying stocks. While it seems logical to go against a stock that is overextended, this type of trade generally takes on too much risk. Stocks tend to trend longer than they “should” due to market psychology and…

  • Trades: UA, CROX, NOV, GRMN, STLD, GMRC, LEH, SDS

    As noted in yesterday’s post and comments, I took positions early in the day yesterday and exited early today. While I am still very bullish on the 4 stocks I bought, today’s strength was not confirmed by volume, and all of the stocks are nearing resitance levels. Therefore, I decided…

  • SGR Lookin’ Like a Dead Cat

    Shaw Group Inc. (SGR) is a former high flying stock that seems to have lost its mojo. In July, the stock gapped up after a long uptrend, but could not hold the gap level. It now looks like the gap was an “exhaustion gap“, which usually comes at the end…

  • Today’s Trades: GRMN, UA, CROX, NOV LEH, STLD AND SDS

    A quick note that today I went long GRMN, UA, CROX, NOV I am short LEH and STLD. I also initiated a position in SDS, which is a leveraged ETF short the S&P . I’m off to a meeting and hope to post more detailed info shortly.

  • Stock From the Watchlist: BCSI

    BCSI has been a big winner over the past six months. Let’s take a look at the chart: The Good:Strong trend; breakout over resistance; accumulation, strong obv The Bad:Breakout not on above average volume; negative RSI divergence (RSI lower on breakout than previous high) The Verdict:I wouldn’t be suprised to…

  • My Narrowed Focus List

    With the market giving conflicting signals, I’ve substantially narrowed my primary watchlists. Here is my current list, exactly as it appears in my notes: Potential Longs:OMTR, NVDA, CMG, UA, NOV, GMCR, BCSI, GRMN, DNR, OII, LVS, CROX, WYNN, PCLN. Stocks of interest, but need a “tell” for direction:EWZ, VLO, TOT,…

  • The Housing Stock Conundrum: Analyzing TOL

    Housing stocks have made a windfall for those bright minded speculators who have traded the obvious short entry signals over the past year (I am not in that prestigious group). While the trend is still negative, there are signs that we may see a bottom forming. Today I analyze Toll…

  • The "Throw Up" Trade Produces My Greatest Trading Day

    When things were at there worst yesterday, besided feeling like throwing up, I felt the markets were extremely oversold and ready for a bounce. I entered seven short term positions which I sold into today’s strength (please note that I posted tickers of my entries yesterday). The only thing that…

  • If You Feel Like Throwing up, Go Against Your Better Judgment

    I subscribe to the theory that when things are at their worst, when you have that knot in your stomach that makes you want to throw up, and you feel like there’s nothing but gloom ahead, that is the time to do the opposite of what your emotions are telling…

  • Distribution is Taking Over

    Lately I have advised that market the volatility is just noise within a range and it is too early to make predictions in either direction. Things are becoming clearer now, and the news is not good for bulls. The SPY (S&P 500 ETF) has broke down below both price and…

  • Today’s Trades: NOV (and Steel comment)

    I bought 300 shares of NOV at $114.35. Buying this stock on pullbacks has become a go to move for me, like Allen Iverson’s crossover. This is one of those “keep doing it until it ceases to work” trades, akin to feeding a hot three point shooter. Okay, that’s it…

  • Four Reasons to Sell Steel

    The steel sector, which has been one of my favorites over the past year, has undergone a change in character that now puts it on my “short watchlist.” Four elements make it an attractive short: 1. Signs of distribution, with high volume down days accompanied by low volume updays. 2.…

  • Primary Watchlist

    The following stocks are on my Primary Watchlist as long setups: CROX, MOS, WYNN, SWHC, CMG, GME, NOV, BCSI, OII, POT, LVS, UA, GRMN, DRYS, and TBSI All of these stocks are trend pullback plays that have held up over the past two weeks.

  • Five Things You Need to Know About the Market

    I often get asked by my readers where I think the market is headed. To the surprise of many, I never make a prediction, and quite frankly, am not good at making arbitrary market calls. However, once I get the correct signals, I have a good feel for when it…

  • Trades: AAPL and NOV

    I sold 150 shares of AAPL at $125.84 (entry at $121.75) for a $613.50 gain (+3.3%). I noted the exit in the comments section of my last post. At the close, I sold 200 shares of NOV at $116.11 (entry at $109.64) for a $1294 gain (+6.0%). Both trades were…

  • Trades: MS, AAPL, NOV and CROX

    I covered my entire 800 share MS short, half yesterday at $63.05 and half today at my target, $60.10 (average entry price was $65.89). That comes out to a $3455 gain (+6.4%). I have not unloaded CROX yet, despite currenly being about 5 points down (-$2000). I’ve decided to use…

  • Chart: ZUMZ

    When the market tumbles, the first thing I do is scan for stocks that performed as if in a bull market. ZUMZ was up over 4 percent today, and broke out over major price resistance on heavy volume.

  • Market Notes and SPY

    Talk about a brutal day. After all the talk of a market comeback yesterday, I was expecting weakness today, but nothing like this. In fact, I was so confident that the morning dip would be the low point, I bought CROX and covered my MS short (I’ll post the trades…

  • Reader Trade Request

    I’ve found that the best way to grow as a trader is to observe how others trade. This can be done by reading blogs, sites, books, talking to friends, and if you are a blog author, via communications with your readers. I don’t think I could ever quantify how much…