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. ETF calls do not require market support, and are thus either winners or losers.
From the report, IMGN gapped to the trigger, no play.
URBN triggered short (without market support due to opening 5 minutes) and worked:
PETM gapped past the trigger, no play.
From the Messenger/Tradesight_st Twitter Feed, Rich’s AAPL triggered long (with market support) and worked enough for a partial although it was quick:
His GDX triggered short (ETF, so no market support needed) and didn’t work:
His NFLX triggered long (without market support due to opening 5 minutes) and didn’t work:
His MNST triggered short (without market support due to opening 5 minutes) and worked:
His APKT triggered short (with market support) and worked enough for a partial:
His IBM triggered short (with market support) and didn’t work (worked later):
GOOG triggered long (with market support) and worked:
Rich’s SINA triggered long (with market support) and didn’t work:
His SLB triggered short (with market support) and worked:
Rich’s AAPL triggered short in the afternoon (with market support) and worked:
His OIH triggered long (ETF so no market support needed) and didn’t go enough in either direction to count.
In total, that’s 8 trades triggering with market support, 5 of them worked, 3 did not, but it was a choppy day.
