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.
Not much off of the calls in the report given the day’s flatness and malaise ahead of the Fed.
From the report, WFMI triggered long (without market support); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES and didn’t work:
In the Messenger, Rich’s OPEN short (without market support as it was in the opening 5 minutes) worked:
AMZN triggered short twice (both with market support); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES didn’t work the first time (what we call a “sweep”) and worked the second:
Meanwhile, Rich’s AMZN long idea later in the day (with market support) worked great, very clean after Fed:
His MGM triggered long (without market support) right at the Fed and didn’t work:
In total, only three triggers with market support, and two of them worked.
