MON 8/24: QGEN – SELLING (1/2) @ $42.12 P/L: -$266.06 -5.3%

3:27 PM – Selling half my QGEN position here as shares break below the 10 DMA while volume runs 177% above average. That combination of a key support violation and extremely heavy selling volume represents bearish technical action I cannot ignore, so I’m reducing the position here.

James’ Trader’s Tip: Heavy Volume Makes Weakness More Meaningful

  • A break below the 10 DMA is already a technical warning.

  • When that break occurs on dramatically increased volume, it suggests much stronger selling pressure.

  • Reducing exposure quickly when price and volume both turn bearish helps keep risk under control.

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

MON 8/24: OKE – CALLING A 1ST SELL SIGNAL @ $93.33 -6.2%

3:17 PM – Calling a 1ST SELL SIGNAL as the stock has clearly broken below its 10 DMA. That loss of our key short-term support level is a technical violation and a default SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Follow the Rule, Not the Emotion

  • The 10 DMA is one of our primary technical guideposts.

  • A clear break below that line tells us the technical condition has changed.

  • Predetermined SELL rules eliminate guesswork—when the violation occurs, respect the signal.

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MON 8/24: AIT – CALLING A 3RD SELL SIGNAL @ $338.39 +1.1%

3:14 PM – Calling a 3RD and FINAL SELL SIGNAL here before the close as shares dip into their 50 DMA support after already showing several bearish technical signs. With weakness continuing to build and major support now being tested, I’m closing out this selection under our rules.

ULTRA Trader’s Tip: Multiple Weakness Signals Add Up

  • One bearish sign may be manageable, but several technical violations together deserve more attention.

  • A test of the 50 DMA becomes more significant when the stock has already been showing ongoing weakness.

  • When bearish evidence continues to stack up, follow the rules and reduce exposure.

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