9:05 PM – Here is our latest chart update for this recent breakout from our Traditional BreakOuts Watch List.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:33 PM – Adding another bank name here as shares of BCAL are trading higher from the 50 DMA this afternoon with a strong +87% increase in volume. That type of move signals institutional demand. The stock is also beginning to break out of a downtrend, which adds to the bullish case.
James’ Trader’s Tip: Volume + Trend Change = Opportunity
• Moves off the 50 DMA often signal institutional support.
• Heavy volume confirms the move is driven by real demand.
• Early entries during a trend change can offer strong upside potential.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
12:40 PM – After closing just slightly below its 10 DMA yesterday, shares continue to slide today and are now breaking below ROUND-$14 support. That combination confirms ongoing weakness and triggers a clear FINAL SELL SIGNAL.
ULTRA Trader’s Tip: Follow Through Confirms the Signal
• A close below the 10 DMA followed by continued downside confirms momentum loss.
• Breaks of round-number support levels add to selling pressure.
• Final exits protect capital when weakness continues without recovery.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:37 PM – Picking up a 1/3 position in one of the two stocks that triggered a BUY SIGNAL this afternoon. The other was UVSP, which I’m essentially calling its twin as both are setting up nearly identically.
The market was a bit calmer today, but remains very news-sensitive.
I’m treading lighter here for the time being and staying selective.
ULTRA Trader’s Tip: Stay Selective in Volatile Markets
• When markets are news-driven, position sizing becomes critical.
• Focus only on the best setups with strong technical alignment.
• Trading lighter helps manage risk while still participating in opportunity.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:32 PM – This stock is making solid gains from its 50 DMA support and is now moving above ROUND-$32 resistance, closing near session highs as volume runs slightly above normal. That combination signals a technical BUY SIGNAL.
On a slightly longer-term basis, shares have been trending higher since mid-March, maintaining solid ranks with steady-to-improving fundamentals. The group also appears to be emerging.
ULTRA Trader’s Tip: Build Positions in Emerging Leaders
• Moves off the 50 DMA often signal institutional support.
• Breakouts above resistance with strong closes show conviction.
• Stocks in emerging industry groups can provide sustained upside as leadership rotates.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:32 PM – Calling a BUY SIGNAL based on multiple bullish technical signals. Shares posted a solid up day from the 10 DMA, broke above ROUND-$35 resistance, and closed at session highs with volume running +21% above normal.
This is backed by a company with a solid fundamental history and is highly ranked by professional institutions. The group also appears to be emerging.
ULTRA Trader’s Tip: Stack the Signals
• The best setups combine price, volume, and support levels all aligning.
• Breakouts above resistance with strong closes show conviction.
• When fundamentals and technicals align, probabilities improve significantly.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
9:57 AM – Starting a 1/3 position here as the stock is breaking out of a downtrend on more than twice normal volume. That type of volume surge signals strong demand and a potential shift in trend. This is now my only holding.
James’ Trader’s Tip: Volume Drives Trend Changes
• Breakouts from downtrends require strong volume to be valid.
• Heavy volume signals institutional buying, not just short covering.
• Concentrating capital into strength can improve focus and performance.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
10:48 AM – Shares are being turned back from the 10 DMA and are now breaking below the 50 DMA. That combination signals clear technical deterioration, especially as the broader market environment continues to weaken. Calling a 3RD and FINAL SELL SIGNAL here.
ULTRA Trader’s Tip: Multiple Violations = Exit
• A turnback from the 10 DMA signals failed momentum.
• A break below the 50 DMA confirms a shift in the intermediate trend.
• When both occur together, it’s a high-probability signal to exit and protect capital.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
9:38 AM – Selling the entire LGND position here this morning as the stock has clearly broken below its 50 DMA. That violation signals a breakdown in the intermediate trend and warrants a full exit to protect capital.
James’ Trader’s Tip: Respect the 50 DMA Breakdown
• The 50 DMA is a key line for institutional support.
• Breaks below this level often lead to further downside pressure.
• Exiting decisively helps prevent losses from compounding.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:31 PM – Taking profits here on this NVT swing trade after previously booking some losses. This afternoon, shares are pulling back from their day highs while becoming extended from the 10 DMA by +7.7%. With the market remaining bearish and highly news-driven, this is a prudent time to lock in gains.
This trade is part of my Personal Portfolio, and this is a personal decision. I am still covering this stock on the site within the Traditional BreakOuts Portfolio.
ULTRA Trader’s Tip: Take Profits Into Extension
• Stocks extended too far above the 10 DMA often pull back to reset.
• Selling into strength helps lock in gains before momentum fades.
• In volatile markets, taking profits proactively improves consistency.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
1:21 PM – Calling a 1ST SELL SIGNAL here as shares are trading below the 50 DMA, signaling a shift in the intermediate trend. With the broader market remaining very bearish, this adds further downside risk and warrants reducing exposure.
ULTRA Trader’s Tip: Respect Market Pressure
• Breaks below the 50 DMA often signal deeper technical weakness.
• Weak market environments increase the probability of follow-through to the downside.
• Reducing exposure early helps protect capital when conditions deteriorate.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
9:51 AM – Shares are making new lows this morning and are not recovering from the recent sharp one-day sell-off that broke the 50 DMA. That lack of rebound signals continued weakness and confirms downside pressure. Calling a 2ND SELL SIGNAL here.
ULTRA Trader’s Tip: Lack of Recovery Is a Warning
• After a sharp sell-off, strong stocks should rebound quickly.
• Failure to recover signals continued institutional selling.
• New lows confirm weakness — scaling out helps control risk.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
4:29 PM – Calling a quick 2ND SELL SIGNAL here as shares have again been turned back from the 10 DMA, with that line is now clearly rolling over. In addition, overall market conditions continue to deteriorate, adding further pressure.
ULTRA Trader’s Tip: Follow Through Matters
• Failed rallies into the 10 DMA confirm it has become resistance.
• A rolling over 10 DMA signals weakening short-term momentum.
• In weak markets, quick follow-through to the downside warrants decisive action.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
1:43 PM – Calling a 2ND SELL SIGNAL here as shares continue to move further below the 10 DMA, confirming ongoing weakness. A break of ROUND-$25 would trigger the FINAL SELL SIGNAL.
ULTRA Trader’s Tip: Define Your Exit Levels
• Continued trading below the 10 DMA signals sustained pressure.
• Identifying key levels like ROUND-$25 prepares you for decisive action.
• Planning exits in advance removes emotion when conditions deteriorate.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
10:59 AM – Calling a 1ST SELL SIGNAL this morning as shares are slicing through the 50 DMA and breaking ROUND-$50 support. That combination signals clear technical deterioration and increasing downside pressure.
ULTRA Trader’s Tip: When Key Support Breaks
• Breaks of the 50 DMA often signal a shift in the intermediate trend.
• Round-number levels like $50 act as key psychological support.
• When both fail together, it’s a strong indication to reduce exposure quickly.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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