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, URBN gapped under the trigger, so no play, although it did trigger later and worked a little.
SFSF triggered short (without market support due to opening five minutes) and worked:
In the Messenger, BIDU triggered long (without market support due to opening five minutes) and worked huge. This is a reciprocal range play for those that have taken the course and a real easy call:
Rich’s VMW triggered long (with market support) and worked enough for an easy partial:
AMGN triggered short (with market support) and didn’t work:
In total, that’s 2 trades triggering with market support, 1 of them worked, 1 did not.
