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.