10:04 AM – Calling a 2ND and FINAL SELL SIGNAL this morning as shares break below the 50 DMA. That loss of a major technical support level is a standard SELL SIGNAL under our rules and warrants fully closing out this selection.
ULTRA Trader’s Tip: Major Support Breaks End the Debate
• The 50 DMA is one of the most important intermediate-term support levels we track.
• A clear break below that line confirms that technical weakness has progressed beyond a short-term pullback.
• When a major support level fails, follow the rule and move on.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Most traders fail because they rely on:
❌ Opinions
❌ News headlines
❌ Lagging indicators
❌ Emotion
I focus on:
✔ Price
✔ Volume
✔ Support & Resistance
✔ Proven technical rules
That’s it.
Simple.
Timely.
Actionable.
Built from 25+ years of experience, this system focuses on highly ranked, fundamentally sound stocks setting up in bullish technical bases.
No theory. Just execution.
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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 — his most refined and accessible trading system to date.