Paul J Singh

  • Today’s Trade: PAAS

    I bought 400 shares of PAAS at $30.46. The stock has pulled back to prior resistance and is holding up well. My stop will be placed at $29.10, just under the 50 day moving average.

  • Metals and Shorts Watchlist

    Here are snapshots of stocks I’m watching in the metals sector, along with some shorts: Metals: Shorts:

  • Breakout Chart: XOM

    Exxon Mobil Corp. (XOM) broke out to new highs on above average volume. A low volume pullback to the prior highs, just under $79, would normally provide a good entry point. While the breakout is bullish, there are some concerns for this stock. Notice the negative divergences in both RSI…

  • ZUMZ Bullish Englulfing Pattern, Steel, Energy and the UFC

    I entered ZUMZ yesterday on a pullback to support, and today it looks as though we have confirmation that the stock is going to bounce. ZUMZ printed a bullish engulfing pattern where three areas of support converged (the 50 day moving average, price and gap support). I could not have…

  • Today’s Trade: GROW

    I bought 400 shares of GROW at $29.45. It’s back at the bottom of it’s trading range on low volume, so I’ve entered again. I’ll keep working this range until the strategy stops working. My target is $32-33, and my stop will be in the $27.50-28 range.

  • Breakout-Pullback Charts: BA and AMZN

    BA and AMZN look to be setting up for breakout-pullback plays. Here is a quick summary of what I like to see on the breakout: Price breaks out over established resistance on above average volume Stock closes near the high of the day, printing a long range bar Evidence of…

  • Today’s Trade: ZUMZ

    I bought 500 shares of ZUMZ at $38.83. The stock has pulled back to the early March breakout point on low volume, has a strong OBV reading and is oversold. When trading this “breakout-pullback” setup, I would normally wait until the stock moved out of oversold territory. Due to the…

  • Today’s Trades: TZOO, GROW, MVIS, FUL, VLO

    I sold 500 shares of TZOO at $39.85 (entry at 37.72) for a $1065 gain (+5.6%). This stock was a textbook breakout-pullback play. I bought on a pullback to support after the mid-March breakout, and sold on the new breakout. In the meantime, I was also able to make a…

  • Watchlist and Entry Point Question and Answer

    FPIC broke out of a three month triangle formation. Volume and the OBV indicator (a measure of volume at the close) show increased accumulation during the formation of the triangle, suggesting this breakout is for real and any pullback will be met with more buying. I will enter on a…

  • What I’m Reading

    I took my daughter to Barnes and Noble today. Of course, I had to sneak over to the investing section. I picked up Steve Nison’s Japanese Candlestick Charting Techniques, Second Edition and Pring on Price Patterns : The Definitive Guide to Price Pattern Analysis and Intrepretation Steve Nison is considered…

  • Friday’s Additions to Watchlist and Quote of the Day

    Watchlist:Here are some new additions to the watchlist with notes: HCR: pb 60 (breakout-pullback setup)JASO: pb 20-21 (b-o setup)WOOF: pb 39CSX: pb 42-42.50 (thanks to Buffet and takeover speculation)MEDI: pb 41-42 (bo-pb)RRD: pb 38.50-39AAPL: hammer confirmation?CCOI: pb 25 (bo-pb)SU: bo 82GROW: multiple entriesCCJ: just watch for now (need deeper pb…

  • Today’s Trades: HES, VDSI and AAPL

    I sold 300 shares of HES at $57.55 (entry at $55.91) for a $492 gain (+2.9%). I bought 200 shares AAPL at $$91.05. I had been looking to see how AAPL would handle a pullback to the peak of the double bottom formation it recently broke out from. The hammer…

  • "Pump Up" Books

    {Thursday’s Watchlist} Once I find something that I am passionate about, I tend to relentlessly pursue that endeavor. My closest friends and family would say I do so to the point of obsession. While some may see this as a negative, I see it as a positive. It’s the only…

  • Thursday’s Watchlist

    Today’s weakness finally gave me some decent pullbacks in stocks on my watchlist. While most of them are still overbought, there is a high probability that I will take a position in at least one of these ten stocks tomorrow: BWLD, DGIT, VDSI, EWZ, FUL, GES, OEH, TTWO, XOM and…

  • Today’s Trades: GROW, MVIS, QID, EWZ, HOKU

    I sold 600 shares of EWZ at $51.80 (entry at $50.43) for an $822 gain (+2.7%). I suspect that it will retest support at $50, which could provide another entry. I sold 1000 shares of HOKU at $6.44 (entry at $6.11) for a $660 gain (+5.4%). There is not enough…

  • Wednesday Watchlist

    Here is my primary watchlist for the rest of the week. Of course, I’ll add to it as the week goes on. XOM: pb 76CVX: pb 76HES: pb 54-54.50RIG: bo 84 or pb 80VLO: bo 70PXD: pb 44-45HOKU: bpt 5.90-6.15MVIS: pb 3.80-4.10OSIR: 17-17.50TZOO: 36-36.50ALXN: bo 45EWZ: pb 48-50FUL: pb 26.60-27.10GES:…

  • Deja Vu

    EWO, an Austrian ETF, is looking eerily similar to the way it looked at this time last year. The stock had broke out of a base in late ’05, pulled back to the breakout point, and made a move in early ’06 that measured 6 points from breakout. A negative…

  • Potential Breakout-Pullback Candidate

    JAH (Jarden Corp.) has most of the characteristics I look for in a breakout-pullback stock: Price breaks out over established resistance on above average volume Stock closes near the high of the day, printing a long range bar Evidence of accumulation prior to breakout RSI is at a higher level…

  • Monday’s Watchlist

    Here are the stocks on my primary list for Monday: SMSC: pb 33-33.50IVAN: nowWEBM: pb 8.50HOKU: 5.90-6.10BWLD: pb 60-61GROW: pb 29-30EWZ: pbJAH: pb 39-39.50PRFT: pb 21.50NUAN: pb 15-15.25FLIR: pb 36COF: reversal hammer?FWLT: pb 60RIO: pbSTLD: pbSSRI: pbXOM: bo 78E: bo 68TOT: bo 73 Shorts:MNSTIFOXRACKGPNAKAM

  • Links: What I’m Reading

    Here is a collection of links I’ve found noteworthy over the past week or so: Revisiting Jack Tatum’s hit on Darryl Stingly. My trading journal. Eight nice looking charts.Dice-K’s first start for the Sox was a doozy. Seize the day with sector ETFs. Chart setups for Telecharts. Is it time…

  • New Blog to Review My Trades

    I’ve been meaning to start an in-depth review of all of my trades this year, and the response to my “trade review” post last night was positive, so I’ve started a new blog that will compliment this one. Please head over to www.reviewmytrades.blogspot.com and take a look at my first…