Paul J Singh

  • 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…

  • Michael Jordan Trading Quotes

    As you may have noticed in my “inpirational photos” post, I am a big Michael Jordan fan. Not only was he one of the most talented players to ever grace the hardwood, he also was one of the most hardworking and mentally prepared. Growing up, I watched and listened to…

  • Today’s Trades: EWZ and RIO

    As discussed last night, EWZ looks attractive as a pullback candidate, so I bought 500 shares at $46.10. I bought 400 shares of RIO at $32.25. I’ve been waiting for a decent entry in a steel/metal stock for quite some time now, and finally found a decent pullback. I placed…

  • Brazil is Hot! EWZ Chart.

    EWZ is setting up for a nice pullback entry. While the solid uptrend and pullback to the 50 day moving average are nice, what really makes this stock attractive is the surge in volume this month. The big money is definitely flowing into this Brazilian ETF.

  • Some Clips

    What if a great man of the last century – Gandhi, say – had had access to the communications networks of our age when he made one of his most important speeches?” The result is ‘Telecom Italia Gandhi’, an astonishing 60-second spot that has just started airing in Italy.

  • Trade Update: CAL

    I was stopped out of CAL for no gain or loss (minus commission cost, which I don’t factor on the site). I still think many of the airline stocks are setting up for a a fall, but it looks like they are going to bounce a bit before they do.…

  • Inspirational Sports Photos From My Office

    Here are a few of the many pictures that adorn the walls of my home office. All are intended to inspire excellence.

  • Today’s Trades: CAL and BLUD

    As I noted last night, the airlines and CAL were high on today’s watchlist. I went short 500 shares of CAL at $41.65. The stock is at $40.77 as I type this, so I may move my stop up to my entry level. I came close to getting out of…

  • Market Notes, Watchlist and Resolutions Revisited

    The Market:Today was a scary day for anybody who is holding onto long positions, and it was tempting for me to jump out of my position in BLUD. However, we have to keep in mind that, over the past few months, every big sell off has been a buy the…

  • Reviewing Missed Opportunities: SINA

    One of the most important steps I’ve taken to become a better trader is to periodically review “missed opportunities”. While there is a seemingly infinite number of stocks that can be reviewed, I narrow it to stocks from my watchlist. A stock that is always on my watchlist that I…

  • Today’s Trade: BLUD and FTEK

    I was stopped out of FTEK at $26.50 (glad I used a tight trailing stop) for a $670 gain (+5.3%). I bought 500 shares of BLUD at $32.25. The stock has pulled back to breakout support on low volume, in the midst of a nice uptrend. I’m still debating how…

  • Be like FTEK

    The FTEK trade has performed nicely thus far. Below is a list of 10 stocks that have a high correlation to FTEK over the past six months, courtesy of SPDRs correlation tracker. This list is the starting point for my research tonight.

  • Be Like Water My Friend

    Empty your mindBecome formless, shapelessLike waterPut water in a cup, it becomes the cupPut water into a bottle, it becomes the bottlePut water into a teapot, it becomes the teapotNow water can flow or it can crashBe like water my friend –Bruce Lee If you guys haven’t figured it out…

  • Today’s Trade: FTEK

    I bought 500 shares of FTEK at $25.16. I did not get too complicated in my analysis on this one. The stock has been in a nice uptrend and closed strong on Friday after testing the 50 day MA. I love when stocks make a long tail and close strong…

  • False Breakout: COGN

    On Monday I pointed to a nice looking setup taking place in COGN, as it had cleanly broke through resistance. However, what happened next is what is known as a “false breakout”. The stock quickly sunk back below resistance. On the chart below, I have placed a vertical line where…

  • The Wisdom of Bruce Lee

    “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”–Bruce Lee I had an e-mail exchange yesterday with a reader that reminded me of my early days in trading. The reader has been analyzing the way I…

  • Some Ugly Looking Stocks

    I spent the morning using this correlation tracker (thanks to The Kirk Report) to find stocks that look similar to GROW, one of the ugliest looking chart patterns out there right now. Here are the eight stocks that correlate best. I think I’ve found some nice short setups!

  • Chart of Today’s Trade: GG

    GG made the downward move that I expected it would. Now that I’ve gained a full point, I will lower my stop to my short entry point, thus making this a “risk free trade.” I will either make money or break even. I usually would take partial profits on a…