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, FB gapped over the trigger, no play.
From the Messenger/Tradesight_st Twitter Feed, Rich’s SPY triggered short (without market support due to opening 5 minutes) and didn’t work:
His FAS triggered short (ETF, so no market support needed) and didn’t work:
His NFLX triggered short (with market support) and worked:
His CRM triggered long (with market support) and worked:
SINA triggered long (with market support) and didn’t work:
TLT triggered short (ETF, so no market support needed) and worked, although never went far:
Rich’s LRCX triggered long (with market support) and didn’t work:
Mark’s XLNX triggered long (without market support) and didn’t work:
AMZN triggered long (with market support) and worked:
In total, that’s 7 trades triggering with market support, 4 of them worked, 3 did not.
