10:31 AM – Finally calling a third and FINAL SELL SIGNAL this morning as shares are clearly breaking below the 10 DMA with an increase in volume. That violation confirms a shift in short-term momentum. After a powerful advance, we now follow the rule and lock in gains as leadership begins to weaken.

SELL SIGNALS:
10/22 (1/3) @ $514.34 +3.5%
10/29 (1/3) @ $588.27 +18.4%
2/26 (1/3) @ $733.50 +47.6%

OVERALL P/L: +23.2%

ULTRA Trader’s Tip: Sell Into Rule Violations, Not Emotion

  • A break below the 10 DMA with volume is a non-negotiable SELL SIGNAL.

  • Large gains mean nothing if you ignore momentum deterioration.

  • Scaling out in thirds allows you to participate in major moves — while still exiting with discipline when character changes.

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