10:30 AM – Calling a FINAL SELL SIGNAL here this morning as shares sell off sharply and break decisively below the 50 DMA while volume is currently running 163% above average. That combination of a major support violation and extremely heavy selling volume is a significant bearish technical development and completes the SELL process on this selection.
ULTRA Trader’s Tip: Heavy Volume Makes a Major Support Break More Significant
• A decisive break below the 50 DMA is a major technical violation.
• Volume running 163% above average shows that the selling pressure is unusually strong.
• When major support fails on extremely heavy volume, respect the signal 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:
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I focus on:
✔ Price
✔ Volume
✔ Support & Resistance
✔ Proven technical rules
That’s it.
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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.