MON 2/2: NEM – CALLING A FINAL SELL SIGNAL @ $112.30 +19.4%

3:55 PM – Calling a FINAL SELL SIGNAL as shares have clearly lost 10 DMA support and are not recovering from Friday’s sharp sell-off, confirming a loss of short-term momentum. Closing out the call and locking in profits.

SELL SIGNALS:
1/2 (1/3) @ $99.30 +5.5%
1/7 (1/3) @ $104.72 +11.3%
2/2 (1/3) @ $112.30 +19.4% FINAL

OVERALL P/L: +12.1%

ULTRA Trader’s Tip: Failed Recoveries Are Tells

  • Strong stocks reclaim key averages quickly after sell-offs.

  • Failure to regain the 10 DMA signals momentum has shifted.

  • Taking profits as recovery stalls keeps gains realized, not exposed.

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