MON 2/2: KLAC – CALLING A 2ND SELL SIGNAL @ $1,409.98 +12.5%

3:55 PM – Shares are not making a quick recovery from Friday’s earnings sell-off and continue to show downside pressure. With momentum failing to reassert itself, I’m calling a 2ND SELL SIGNAL here and taking some profits.

SELL SIGNALS:
12/31 (1/3) @ $1,235.87 –1.4%
2/2 (1/3) @ $1,409.98 +12.5%

OVERALL P/L: +5.6%

ULTRA Trader’s Tip: Earnings Damage Needs Fast Repair

  • Strong stocks snap back quickly after earnings sell-offs.

  • When recovery stalls, risk shifts against the position.

  • Scaling out as momentum fails protects gains already earned.

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