Paul J Singh

  • Can You Say "Buy the Dip"

    This charts of the Dow makes it painfully obvious that, over the past six months, dips reaching the mid bollinger band (the 20 day moving average) are to be bought. I will probably become very aggressive once we pullback again, possibly using a leveraged ETF such as DDM.

  • Weekend Links

    Trading Links: Low risk buy opportunity in SPX. Ed Seykota on trends. Linda Raschke’s random thoughts. This week’s best of Jim Cramer. I like using moving average crossovers when trading on longer time frames. Test your trading ideas. I like buying pullbacks, especially into multiple support areas. Trading is a…

  • Trade: LEH

    I bought 250 shares of LEH at $82.64. This is a speculative play along the lines of the AKAM trade. My target is the recent highs at $86, and my stop will be placed just under the 50 day moving average, around $80. The brokers have been strong over the…

  • Today’s Trades: RATE and AKS

    I bought 500 shares of RATE at $42.53. The stock spiked up over resistance on strong volume and has now pulled back on diminished volume, printing an ideal NR7 entry. I bought 500 shares of AKS at $22.08. As you guys know, I love steel right now. I picked AKS…

  • Thursday’s Watchlist

    Here are a few stocks high on my list or Thursday. They are all long setups and my buy condition is noted next to the stock AGU: pullback candidateRIO: pullback candidateSTP: pullback candidateOMG: breakout 52PCU: pullback candidateCCOI: NR7, use tight stopTTWO: pullback candidate Railroad stocks look very attractive. These are…

  • A Quick Note Before the Open

    I will be looking for weakness in steel stocks to re-enter STLD or possibly a different steel stock.

  • Today’s Trades: STLD and AKAM

    I sold all 900 shares of STLD at an average price of $39.88 for a $1577 gain (entries at $37.87 and $38.45). Currently we’ve got a long bar heading right into resistance at $40. This is a strong stock, and steel has been on fire, so I may re-enter on…

  • The Greatest Round in Heavyweight Boxing History

    After doing my nightly sector review and preparing my watchlist, I decided I would fall asleep to Sportscenter. Being the boxing junkie that I am, I was happy to see that a replay of the final fight of the classic Evander Holyfield-Riddick Bowe trilogy was playing. Has their ever been…

  • Mining Companies Getting Top Heavy?

    It may be time to pair back on mining companies: “The chief executives of the world’s three largest mining companies have decided to bow out this year, prompting speculation that they are quitting before the commodities bubble bursts.” The charts of BHP, RTP and AAUK do look top heavy. A…

  • Today’s Trades: NCTY, CHIC and STLD

    I was stopped out of the remaining 250 shares of NCTY at $36.15 for no gain. The total gain on the 500 share trade was $275. I bought 500 more shares of STLD at $37.87. I am currently in for 1000 shares of the stock, with the other 500 shares…

  • Breakout Chart: AVP

    AVP broke out on heavy volume out of a 3 month consilidation. This is what Alan Farley would call a “power spike“. Over the next few days, I’ll be watching closely for a good entry point. Being that it’s Avon, I’m getting some pressure from my wife to enter this…

  • Trade Update: NCTY and STLD

    I bought 400 shares of STLD at $38.45. I’ve been waiting for a nice pullback in this stock, and we’ve finally got one. Not as far as I’d like, but we’re dealing with a very hot sector, so I was willing to enter with more downside risk than normal. Since…

  • Today’s Trade: NCTY

    I bought 500 shares of NCTY at $36.15. This stock was originally on my “breakout” list, with $38 as the potential entry point. However, upon further review, I decided that it would make an even better pullback entry. Note that the stock has been a buy whenever it pulls back…

  • Think About Your Idol For Peak Performance

    A trick I’ve used throughout my life to ensure peak performance is to think about an idol, expert or somebody I respect when I am involved in an action. Most of us do our best when we are being watched by another person, especially if that person is an expert…

  • Chart: NVL

    NVL is setting up nicely with a high, tight flag after a breakout. An aggressive trader could enter now using a stop just under the flag formation, but I will likely wait for a breakout over $38 on high volume. ***AGLOCO pays you to surf the net! It’s a great…

  • Here’s how a stock can make it to my watchlist: sector analysis

    The most frequently asked question I receive is some variation of how I find the stocks that make it to my watchlist. My senses tell me that most of those asking these questions expect that I have some magic formula I plug in that spits out stocks that fit the…

  • Wall Street and Chicago Bears

    I like to revisit this clip whenever economic signs point to a market downturn, but Mr. Market keeps on chugging along. This is when da bears really get crushed, and it usually lasts longer than expected, as bears keep on covering their bets. Today’s installment has special meaning, as those…

  • Weekend Links

    Trading How to play Google’s bearish engulfing pattern. Spotlight on TELCO’s. February’s bearish implications. Farley’s profile of profitable trading. YAHOO’s chart, and more. Indice divergence. What happens after four days of strength? Sports Favre is back for another year. The funniest man writing about sports, Bill Simmons, spends a day…

  • Trades: USO, RIO and EWZ

    I had internet problems yesterday and was not able to post the following trades: I sold 400 shares of RIO at $34.25 (entry at $32.25) for an $800 gain (+6.2%). I sold 500 shares of EWZ at $48.00 (entry at $46.10) for a $950 gain (+4.1%). I sold 500 shares…

  • CAL’s Inverse Correlation with Energy

    Today I went short on CAL, an airline stock, and went long USO (U.S. Oil Fund). Most likely, this trade is either going to pay off handsomely or hurt badly. I don’t see much hope for any middle ground, as the stocks have had an inverse correlation over the past…

  • Today’s Trades: CAL and USO

    I re-entered a 500 share short position in CAL at $41.60. This is an aggressive play, as the stock has not yet broke the forming head and shoulders pattern. I also bought 500 shares of USO at $46.80. My target is $50, which is just under the 50 day moving…