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, LRCX (top pick for several days) finally triggered long (without market support) and worked. No surprise that this big long 8-month cup and handle that we have been waiting for ran big once it triggered:
AMAT triggered long (without market support) and worked:
SPLS triggered long (without market support due to opening 5 minutes) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich’s HLF triggered short (with market support) and worked:
NFLX triggered short (with market support) and didn’t work, worked later:
Rich’s GOOG triggered short (without market support) and didn’t work:
TLT triggered long (ETF, so no market support needed) and didn’t work:
Rich’s SHLD triggered long (with market support) and didn’t work:
BIIB triggered long (with market support) and didn’t work (worked later):
FB triggered long (with market support) and didn’t work:
AMZN triggered long (with market support) and didn’t work:
In total, that’s 6 trades triggering with market support, 1 of them worked, 5 did not. Again, the ratio is down during earnings season, although NFLX and LRCX should have been taken.
