MON 10/20: JPM – CALLING A FINAL SELL SIGNAL @ $302.21 -4.4%

3:34 PM – The 10 DMA ($303.23) continues to act as firm resistance even as the broader market rallies. Momentum has shifted lower. FINAL SELL SIGNAL.

SELL SIGNALS:
10/1 @ $311.66 -1.4%
10/9 @ $304.75 -3.6%
10/20 @ $302.21 -4.4%

ULTRA Trader’s Tip: The 10 DMA Rules

  • The 10 DMA is the heartbeat of our trading system.

  • A break below it is a clear SELL SIGNAL.

  • Once a stock can’t reclaim the 10 DMA, it confirms that short-term momentum has turned against you.

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

 


James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

Today, he is the developer and founder of U L T R A — a robust yet easy-to-use trading system built to identify and manage high-probability stock trades based on strict technical rules and real-time alerts.