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, MRVL triggered long (without market support) and worked great:
RIMM triggered long (without market support due to opening five minutes) and worked great, my big winner for the session:
GILD triggered long (without market support due to opening five minutes) and worked:
VCLK triggered short (with market support) and worked enough for a partial:
In the Messenger, Rich’s POT triggered long (with market support) and didn’t work initially, worked later:
His LULU triggered short (with market support) and worked enough for a partial:
His NVDA triggered short (with market support) and worked enough for a partial:
His FCX triggered short (with market support) and worked enough for a partial, worked even better later in the day:
GS triggered long (with market support) and didn’t work:
Rich’s NVDA triggered long (with market support) and didn’t work:
His JPM triggered short (with market support) and worked enough:
In total, that’s 8 trades triggering with market support, 5 of them worked, 3 did not. In this case, I did better off the picks on the report, two of which triggered out of the gate.
