MON 2/23: CMC – CALLING A 3RD SELL SIGNAL @ $74.56 -0.4%

10:21 AM – Shares are now breaking below the 50 DMA while the 10 DMA has already clearly rolled over. That combination confirms a deterioration in both short-term momentum and intermediate support. Calling a 3RD and FINAL SELL SIGNAL here.

SELL SIGNALS:
2/17 (1/3) @ $78.24 +4.6%
2/19 (1/3) @ $77.63 +3.7%
2/23 (1/3) @ $74.56 -0.4%

OVERALL P/L: +2.6%

ULTRA Trader’s Tip: When the 10 DMA Rolls Over and the 50 DMA Breaks

• A rolling-over 10 DMA signals weakening momentum.

• A break below the 50 DMA confirms broader technical damage.

• Multiple sell signals remove uncertainty.

• Protecting capital is always more important than squeezing out the last percent.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

THU 2/19: CMC – CALLING A 2ND SELL SIGNAL @ $77.63 +3.7%

3:50 PM – Shares continue to get turned back from the 10 DMA as that line rolls over, signaling weakening short-term momentum. Repeated rejections at the 10 DMA are bearish technical signals that warrant attention. Trimming another 1/3 here and locking in a +3.7% gain.

SELL SIGNALS:
2/17 (1/3) @ $78.24 +4.6%
2/19 (1/3) @ $77.63 +3.7%

OVERALL P/L (ON SOLD SHARES): +4.2%

ULTRA Trader’s Tip: Respect Repeated 10 DMA Rejections

• When price repeatedly fails at the 10 DMA, momentum is shifting.

• A rolling-over 10 DMA often precedes deeper pullbacks.

• Trimming early keeps small gains from evaporating.

• Manage weakness before it manages you.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

TUE 2/17: CMC – CALLING A 1ST SELL SIGNAL @ $78.24 +4.6%

9:53 AM – After Friday’s sharp dip, shares remain below the 10 DMA, and that line is now starting to roll over. In addition, the stock is facing resistance at the ROUND-$80 level. That combination — weakening short-term momentum, nearby overhead resistance, and continued softness in the broader market — supports a prudent trim here of 1/3 at +4.6%.

SELL SIGNALS:
2/17 (1/3) @ $78.24 +4.6%

ULTRA Trader’s Tip: Trim When Momentum Shifts

• When price remains below the 10 DMA and that line rolls over, short-term momentum has shifted.

• Nearby round-number resistance often limits upside follow-through.

• Partial profit-taking reduces exposure while allowing flexibility.

• Discipline is about reacting early — not late.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

WED 1/14: CMC – CALLING A BUY SIGNAL (1/3) @ $74.83

10:03 AM – Shares are breaking above prior highs near $75.00 with an increase in volume, confirming a breakout and signaling renewed institutional demand.

BUY SIGNALS:
1/14 (1/3) @ $74.83

ULTRA Trader’s Tip: Clear the Highs

  • Moves above prior highs remove overhead resistance.

  • Volume expansion confirms the breakout is being sponsored, not chased.

  • Buying strength as resistance clears keeps you aligned with momentum, not anticipation.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.