With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
From the report, SPRD triggered long (with market support) and didn’t work:
ULTA gapped over the trigger, no play.
In the Messenger, BIDU triggered long (with market support) and didn’t work:
RIMM triggered long (with market support) and worked enough for a partial:
GOOG triggered short (with market support) and worked great:
Rich’s ARBA triggered long (with market support) and didn’t work:
NFLX triggered short (with market support) and didn’t work initially, though it worked later:
NTAP triggered short (with market support) and didn’t work:
BIDU triggered short (with market support) and worked enough for a partial:
In total, that’s 8 trades triggering with market support, 3 of them worked, 5 did not. First day with less than 50% winners in three months.
