Paul J Singh

DPS (Precison Drilling Trust) is bouncing off lows towards resistance in the $29-30 range. The weakness in the stock’s technicals leads me to believe this pullback will lead to another thrust down. However, I’ll wait to see how it handles the resistance area before entering a short position.

Wallstrip, a joint blogging venture by a bunch of muy talented traders and bloggers, launched today with an excellent round table analysis of AAPL (Apple Computer, Inc.). It’s definately worth viewing for the different takes on the stock. Here is my own take on Apple. I see a healthy uptrend…

KCP (Kenneth Cole Productions) is at the top of my “longs watchlist”. I’m waiting to see how it handles a pullback to $25.50, after an impressive breakout over resistance on heavy volume. RSI is in a nice uptrend with higher lows, and MACD has turned positive. There’s also a chance…

{Those visiting this site via TraderMike, or another link, please check out the rest of my site by clicking on “The Market Speculator” link here or above. Thanks for visiting!} Over the next few weeks I’m going to present a few of my favorite setups, which I’ve labeled in my…

I bought 600 shares of BEAS at $15.18. I like the NR7 “coiled spring” set up. I’ll go over the chart this weekend. I sold my 500 share position in FLIR at $28.50 (entry at $26.85) for an $825 gain (+7.0%). I was patient and made myself stick with this…

Take a look at the S&P 500 ($SPX) over the past 3 years. It cant’ be this easy, can it? The envelope suggests you buy at the bottom and sell at the top of the envelope. The market looks overbought and ready for a pullback. A break of 1325 might…

One stock at the top of my watchlist is SINA (sina.com). The stock is pulling back on low volume after a high volume breakout. Note that the 50 day moving average is about to cross over the 200 day MA. The last time this happened the stock gained three points…

Unfortunately I don’t have the time to post charts tonight. However, here is a list of stocks I’m watching: TIE, BOOM, HAL, CMC, GG, GLD, LEN, DHI, PMTC, BLUD, PSYS and CTXS. Long positions include: HOV, VLO, STLDShort positions include: EWZ, NVDA Off Topics:There’s something hypnotic about this clip. French…

I’ve had a ton of meeting over the past two days, hence the lack of posts. I’ve made a few trades, including a long position in VLO and an EWZ short. I’ll update my trades tonight.

I may short EWZ (Brazil iShares) if it breaks down below the 50 day MA at $38.99. Note the lower highs and volume on the decline versus the rise.

“It is dangerous to be right in matters on which the established authorities are wrong.”–Voltaire I am currently reading Hedgehogging by Barton Biggs, and a story he told made me think of this quote by the great French author and philosopher, Voltaire. During the height of the tech craze in…

Intellectually my mind is telling me to steer clear of homebuilders, but how can I ignore the charts? Almost every homebuilder is showing a nice bottoming pattern with a breakout and pullback to support. Take a look at this chart of DHI (Horton Inc. D.R.). We have a steep decline,…

Yesterday I went short 600 shares STP (Suntech Power Holdings Co.) at $25.77. The bearish engulfing pattern worked out great, so I sold 300 shares at $24.75 for a $300 gain (+4.1%). I’m still short 300 shares, although the stock is showing a little strength this morning. According to Volume…

I covered the remaining 300 shares of AMLN at $42.20 for a $495 gain (+3.7%). The total gain for the trade was $825. I covered the all 300 shares of the AAPL short at $73.75 for a $540 gain (+2.4%). AAPL is close to strong support at $72.50, so I…

I sold my remaining 150 share position in GG at an average price of $23.75 (entry at $21.71) for a $306 gain (+9.3%). The total gain on the position was $714. I went short 600 shares of AMLN at an average price of $43.85. I featured this stock’s chart in…

Although the indices are above support, I’m having a heckuva time finding long candidates. Here are some charts from my short watch list: AAPL (Apple Computer Inc.)This one’s a risky play, as AAPL is in the midst of an uptrend. However, RSI and MACD are not keeping up with the…

Many of you liked the “Completely Uncalled For” clip I posted last week. Well, the two students from Gonzaga University, BaratsandBareta, just signed a production deal with NBC. These guys are doing better stuff than anybody on Saturday Night Live, so thank god for the newfound power of YouTube. Check…

During the trading day, I am not at the computer for long stretches. Therefore, I keep a written journal in which I scribble notes. Here are today’s scribbles copied from my journal, which may not all make sense since they are notes to myself: Many energy, metal and gold stocks…

XLE has been an easy play over the past year. You buy when the stochastic hits oversold extreme levels and sell when it gets overbought.

I sold 200 shares GG at $23.75 for a $408 gain. I still own 150 shares. I am still have my long position in FLIR. We’ve all heard the media pumping the market highs crap. We as traders know that the market is not as great as they make it…

“A man must believe in himself and his judgement if he expects to make a living at this game.” -quote from legendary trader Jesse Livermore. I keep this quote, along with many others, by my desk to make sure I trust my own analysis. In the past, and even now…