10:42 AM – I’m getting all out of GILD here on the 1st SELL SIGNAL. While support was found at the upward trendline, shares have broken below the 50 DMA, which is a standard SELL SIGNAL in our system.

Part of my decision is also portfolio management — I generally see better overall gains when holding fewer positions.

If GILD breaks below this trendline support, that would trigger a 2nd and possibly a FINAL SELL SIGNAL.

For now, I’m rotating this capital into possibly stronger opportunities.

ULTRA Trader’s Tip: Fewer, Stronger Positions

• Holding too many stocks can dilute performance.

• Fewer, higher-conviction trades usually lead to stronger portfolio gains.

• Don’t be afraid to free up capital and rotate into setups with better technicals.

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

 

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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.