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, FITB triggered (without market support) and didn’t work:
ZION triggered long (without market support due to the opening five minutes) and ended up working later in the day, but with a shaky start:
ASBC gapped over the trigger, so no play, which is unfortunate because it worked great after that.
NTES triggered short (with market support) and did not work:
CEPH triggered short (without market support due to the opening five minutes) and worked great:
The Messenger calls were much more exciting.
Rich’s VMW triggered short (without market support due to the opening five minutes, but it triggered again later with market support and worked great):
His NFLX short triggered (with market support) and worked great:
His FCX triggered short (with market support) and worked:
My GOOG triggered short (with market support) and worked great:
AMZN triggered short (with market support) and worked great:
AAPL triggered short (with market support) in the afternoon and didn’t work (market turned back up right after):
That’s seven triggers with market support. Five worked great, two didn’t work.
