Paul J Singh

  • 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…

  • Primary Watchlist

    Here is a list of ten stocks from my primary watchlist: BOOM, NOV, CROX, UA, DRYS, EWZ, RIO, SNCR, VSEC, IBN

  • Trade: UA

    I sold 400 shares of UA at $69.10 (entry at $63.65) for a $2180 gain (+8.56%). Considering the stock closed at $66.68, I can understand if someone reading this rolls their eyes at what looks to be perfect timing for exit. Please note that I left a comment regarding the…

  • The Fast Money Guys Versus The Market Speculator

    The Fast Money guys are hot on the financial sector, with Guy Adami specifically pointing to Morgan Stanley as a valuation play. I, on the other hand, am bearish on the sector and currently short Morgan Stanley. There is no way a true technician could enter MS from the long…

  • Under Armour Entry

    Here is the reasoning behind the UA trade trade I made today: It is startling just how well UA has performed in the midst of the current market conditions. What if UA had reported earnings in a good market environment? This explosive move leads me to believe the stock will…

  • Today’s Trades: MS, UA and NOV

    I bought 400 shares of UA at $63.65 I bought 300 shares of NOV at $111.10. I went short 400 shares of MS at $65.54 I will go into more detail about these trades tonight.

  • $SPX Revisited

    On Friday I brought up the idea that we *may* have had a capitulation event that marked the end of the current correction. Today’s strong move in the $SPX, back over the 200 day moving average on heavy volume, lends more credence to the bull capitulation argument. There are a…

  • Trades: MT, MS, QID, NOV

    I cleared out all of my positions that were entered on August 2nd, since they all either hit their targets or stops. I covered the MS short, 400 shares at $60 (short at $64.20) for a $1680 gain (+6.5%). I sold 400 QID at $46.55 (entry at $44.88) for a…

  • Breakouts vs Breakdowns: Capitulation or Disaster?

    Every night I scan for stocks breaking out (upward breakout) and breakout down. I mainly screen for stocks with specific price and volume movements, along with additional moving average and momentum screens. Friday had the biggest discrepancy between breakouts and breakdowns that I can remember. Only 26 stocks showed up…

  • Primary Watchlist Additions: BCSI, SNCR, AKS

    I’ve added 3 new positions to the primary long watchlist: BCSI, SNCR and AKS. All three stocks have been strong on a week market and have not violated any supports.

  • Trade: MMM

    Later in the day I bought 400 shares of MMM at $88.75. The stock shows no signs of the recent market slide. I know some of you are scratching your heads thinking “it’s dropped from $92 to $88.” I see that too, and I like it. While many stocks pulled…

  • Primary Watchlist (Longs)

    Here are the twenty stocks on my primary watchlist for longs: NVT, CROX, UA, VSEC, DRYS, TBSI, GRMN, KCI, CMG, BOOM, DW, GMCR, NOV, OII, RIO, SBUX, MT, PCZ, TOT, BTJ

  • Today’s Trades: MT, QID, MS and NOV

    Long Trades: I bought 400 shares of MT at $64.20. I bought 100 shares of NOV at $115.10. Short Trades: I am short 400 shares MS at $65.20 I bought 400 shares of QID at $44.88, which is 2X short the Nasdaq.

  • Another Strong Stock: CROX

    One of my loyal readers asked me why I keep spotlighting strong stocks when I am more apt to go short right now. Fair question. The reason is, at the moment, it is easy to find stocks to short. If I were to throw darts at a board with the…

  • FSLR Revisited

    In last night’s post, I noted that I considered entering FSLR on it’s breakout, but decided against it because volume was not as strong as I would have liked on the break. Today, the stock headed lower on earnings (although it did not violate the previous breakout support level). This…

  • EWZ Entry Strategy

    One of my favorite buy the dip plays, EWZ (Brazilian ETF), has pulled back to the 50 day moving average. There are two ways I am looking to enter this stock. I’m going to make a very small buy now, right around the support area, with a stop around $59-60.…

  • Swimming in a Sinking Market: FSLR

    FSLR is one of those stocks that handled last week’s dust up quite well, and is approaching all-time highs. I considered entry today, but volume was a little light for a higher percentage price move. I do think FSLR will continue to rise, and may consider entry in the near…

  • Building My Watchlist

    Today I had a little time to “get away” from the vacation and analyze the market. My best bet is we will see a “dead cat bounce” followed by another leg down. Of course, I could be wrong and we’ll see more resilience from the bulls. Right now I am…