TUE 3/3: TPC – CALLING A 2ND SELL SIGNAL @ $69.55 -0.8%

3:22 PM – Shares are making new lows today and not recovering, a clear sign of continued weakness. With the stock failing to regain support, I’m calling a 2ND SELL SIGNAL here to reduce exposure and manage risk.

BUY SIGNALS:
12/11 (1/3) @ $70.10

SELL SIGNALS:
2/27 (1/3) @ $75.39 +7.5%
3/3 (1/3) @ $69.55 -0.8%

OVERALL P/L: +3.4%

ULTRA Trader’s Tip: Respect Weakness When Stocks Fail to Recover

 • New intraday lows without a rebound signal persistent selling pressure.

 • When a stock cannot reclaim support levels, risk increases quickly.

 • Scaling out protects capital while preserving flexibility.

 • Defensive action is often the best offense in a weakening market.

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