3:54 PM – Selling my entire APD position here as we head into the close. The stock has been making a series of lower highs and posted a negative reversal today. In addition, the 10 DMA is now rolling over, while the next meaningful support at the 50 DMA remains approximately another 2% below the current share price.

I am responding to these increasingly bearish technical signals while also reducing margin exposure—particularly among technically weaker holdings—in the current market environment.

James’ Trader’s Tip: Reduce Exposure in the Weaker Names

  • Lower highs and a negative reversal indicate that buying momentum is deteriorating.

  • A rolling-over 10 DMA increases the risk of further weakness toward the 50 DMA.

  • When reducing margin, prioritize technically weaker holdings rather than selling your strongest stocks indiscriminately.

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