Jul. 24 at 2:12 PM
FRI 7/24:
$EXPD – SELLING (ALL) P/L: +
$271.77 +2.7%
9:38 AM – Selling my entire EXPD position early this morning. I typically avoid making trades before 10:00 AM, allowing the market time to settle after the opening volatility. However, within the ULTRA Personal Portfolio, I will occasionally act ahead of an official SELL SIGNAL when I believe the technical evidence warrants it. In this case, the stock is beginning to carve out a bearish pattern characterized by (1) a series of lower highs, (2) a break below the 10 DMA, and (3) the 10 DMA beginning to roll over. Rather than wait for additional technical deterioration, I’m taking a small profit and moving on to stronger opportunities.
James’ Trader’s Tip: Anticipating Technical Weakness
• While the ULTRA system is rules-based, experience can sometimes identify a weakening pattern before an official SELL SIGNAL is triggered.
• A series of lower highs combined with a declining 10 DMA often signals that momentum is fading.
• Preserving capital and reallocating it into stronger opportunities is often more productive than waiting for additional technical damage to occur.
https://buyingbreakouts.com/fri-7-24-expd-selling-all-p-l-271-77-2-7/
