WED 7/15: TRV – CALLING A 2ND SELL SIGNAL @ $329.77 +5.3%

3:32 PM – Shares gapped below the 10 DMA this morning and, as we head into the close, have yet to recover that key technical level. This represents another sign of technical weakness, and I’m calling a 2ND SELL SIGNAL here.

James’ Trader’s Tip: Small Losses Are Easier to Recover Than Large Ones

  • Selling into the early stages of technical weakness helps prevent small pullbacks from becoming major losses.

  • You can always buy a stock back if the technical picture improves.

  • Successful traders focus on protecting capital first and letting the market prove them right before committing more money.

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