11:06 AM – Calling a 3RD and FINAL SELL SIGNAL this morning after shares briefly reclaimed the 50 DMA yesterday but have now clearly lost that support. As noted yesterday, any further decline below this key level would represent an additional technical violation and trigger the final exit.
ULTRA Trader’s Tip: Failed Recoveries Often Confirm Weakness
• Reclaiming the 50 DMA is only constructive if the stock can hold above it.
• A quick reversal back below major support signals that the recovery attempt has failed.
• Completing the exit after a failed recovery helps prevent a manageable loss from becoming more damaging.
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.
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Built from 25+ years of experience, this system focuses on highly ranked, fundamentally sound stocks setting up in bullish technical bases.
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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.