Paul J Singh

I bought 500 shares of GLD at $61.40. In all honesty, the stock is a mixed bag technically. On the positive side, we have the 50 day crossing the 200 day moving average, MACD is improving and the stock held up at it’s gap point. Negatives include a power spike…

The Donald had a bad day today, as his stock, TRMP (Trump Entertainment Resorts, Inc.) took a big hit on heavy volume that broke a nice looking trendline and the 50 day MA. I might be tempted to short this stock off of a “dead cat bounce” towards the moving…

As usual, tonight I took a look at the top 10-20 sectors over the past 30 days. Did anybody know the “meat” sector was in the top 10? Maybe that’s why my holiday prime rib cost me 66 bucks. Yikes! As my surprise about the meat sector shows, this is…

I bought 500 shares PENN (Penn National Gaming, Inc.) at $41.06. I usually like to wait for stocks to pullback after breakouts over resistance, but the volume was so strong towards the end of the day that I suspect we could see more upside without a pullback. Even if the…

Uranium stocks have been on fire of late, bottoming in November and soaring towards intermediate highs. Two stocks that are on my watchlist are CCJ (Cameco Corp.) and RTP (Rio Tinto PLC). While RTP seems stronger, as the 50 day MA is pointing up and has crossed over the 200…

I like to play this clip whenever the bears are getting crushed, and this is one of those times. Watch this clip bears, but don’t let it get you down. One of these days the market will do what it is supposed to do, and you guys will start to…

AAPL (Apple Computer, Inc) has been on my “shorts watchlist” every since it broke down below $90, and I made a tidy profit shorting it earlier in the week. While the stock has bounced off the week’s low, it has not been able to mount the $90 area. The fact…

I noticed that GG was bouncing off the 200 day MA, which also is at a nice price support area, so I bought 500 shares at $28.41. Unfortunately my cold has turned into a nasty infection, so I likely won’t be able to update my trades for another few days.…

I’ve been feeling like crap since late last week, so I have not been able to post my trades lately. A few positions I’ve taken over the past few days include: short AAPL, short RIMM, long USO, long SVVS, long FTO and long STLD. I hope to update the specifics…

USO (United States Oil Fund) may be in the midst of printing a bottom here. The stock has been in free fall since the late August double top breakdown. However, this past week the stock pushed past 50 day moving average with an extremely strong RSI reading. A bullish flag…

RIMM broke down below its mid-November gap level and looks ready for another leg down. If the stock holds below the $130 level, I will likely enter on the short side.

I bought 500 shares REDF at $20.11. The stock had been setting up nicely and it made my watchlist last night with entry on a breakout of $20. Technically, the MACD has turned up and the 50 day moving average is pointing up and look ready to cross the 200…

Here is an update of trades I’ve made since Friday: I bought 500 shares STLD at $32.50 yesterday, and sold today at $34.25 for an $875 gain (+5.3%). I bought 500 shares of GROW as it broke $52.50 and sold at $54.30 for a $900 gain (+3.4%). I bought 500…

While today’s action has made me take a step back and slow down on my “short tech and semi’s thesis”, I still think it’s valid. While there were gains today, the volume just wasn’t there for a lot of the stocks that I follow. For example, let’s take a look…

Today I was going over my my journal notes over the past twelve months. One of the things I always note when I log my trades is whether my trade went against the market and sector trends, and if the market is trending or range bound. Surprisingly,whether I traded with…

Studies show that reading everyday keeps the brain and memory sharp. Just like a muscle, if you don’t use it, you lose it. For the past few years, I’ve made it a point to read a book for at least 45 minutes everyday. It might not sound like much, but…

I sold half my position in GG at $31.05 (entry $29.07) for a $396 gain (+6.8%). I’ll let the remaining shares ride until they hit my stop, and may add more if the stock pulls back to support. I sold half of my HAL position at $33.95 for a $397.50…

I went long 400 shares of GG at $29.07. The stock broke out over a 3 month cup and handle pattern and recently crossed over it’s 200 day moving average. While I don’t like to trade long stocks that have a 200 day MA that is above the 50 day…

Today I sold the remaining 200 shares of JOYG at $44.25 (entry at $42.73) for a $304 gain (+3.5%). The total gain on the trade was $758 (5.0%). I may consider re-entering on a breakout over $46. A breakdown below $42 would make for a good short entry. Yesterday I…

I will be watching Broker Dealer, Internet, Semis and Homebuilders very closely this week. Each of these sectors took big hits today and many stocks are near breakdown of either trendlines or moving averages. We must also keep a close eye on gold and energy stocks. Will the “smart money”…

My vacation is over and I’ll be spending most of Monday catching up at work. Expect my first new post on Tuesday, when I plan to resume my “early rising” experiment.