MON 2/23: SCHW – CALLING A 3RD SELL SIGNAL @ $91.86 -8.2%

10:21 AM – After clearly breaking below the 200 DMA recently and triggering a 2ND SELL SIGNAL, shares are now making new recent lows this morning. Continued weakness below long-term support confirms technical deterioration and warrants a full exit.

SELL SIGNALS:
2/11 (1/3) @ $95.51 -4.6%
2/17 (1/3) @ $93.69 -6.4%
2/23 (1/3) @ $91.86 -8.2%

OVERALL P/L: -6.4%

ULTRA Trader’s Tip: The 200 DMA Is Major Support — Until It Isn’t

• A break below the 200 DMA signals serious technical damage.

• Failure to quickly reclaim that level confirms institutional selling.

• Lower lows after a 200 DMA violation remove doubt.

• Cutting losses systematically protects long-term performance.

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