FRI 2/20: SNN – SELLING (ALL) P/L: +$500.91 +2.5%

10:31 AM – Pulling out of SNN this morning. Shares are advancing, but without meaningful volume conviction as price once again meets resistance near prior October lows. Light-volume strength into resistance is not the type of action I want to sit through. Always striving to be in stocks that are actually moving. Taking these quick gains and freeing up capital for potentially faster-moving setups such as MOV which is breaking out this morning.

MY BUYS:
2/10 (2/3) @ $35.36

MY SELLS:
2/20 (ALL) +$500.91 +2.5%

James’ Trader’s Tip: Rotate Capital Toward Momentum

• Light-volume rallies into resistance lack conviction.

• Prior lows often act as resistance levels.

• Capital tied up in slow movers has opportunity cost.

• Strong accounts are built by staying in stocks that are advancing — not stalling.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

TUE 2/10: SNN – BUYING (2/3) @ $35.36

11:51 AM – After monitoring this stock all morning, shares are now breaking above the recent high of $35.35 with volume, while also advancing from the 10 DMA — both bullish technical signals. Also, as seen on the chart below, the 10 DMA is aligned cleanly beneath price – providing defined short-term support within the current uptrend. Based on available capital and the strength of this setup, I am initiating with a 2/3 position, which is more aggressive than the standard 1/3 starter position.

MY BUYS:
2/10 (2/3) @ $35.36

James’ Trader’s Tip: When Price, Volume, and Support Align

• Breakouts above recent highs are strongest when confirmed by volume.

• A well-positioned 10 DMA beneath price provides optimum support.

• Position sizing can expand when conviction increases — but must remain controlled.

• Aggression without structure is gambling. Aggression with rules is strategy.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.