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.
Our usual rule for Fed announcement days is to do little trading and wait for the Fed. We added some intraday calls today because of the gap on the news out of Turkey but would have been much better sitting. It’s just not worth trading the Fed meeting sessions heavily.
From the report, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich’s MDVN triggered short (with market support) and worked enough for a partial:
His FDX triggered short (with market support) and didn’t work:
His GDX triggered long (ETF, so no market support needed) and didn’t work:
AAPL triggered short (without market support) and worked:
CELG triggered long (with market support) and didn’t work:
Rich’s NKE triggered short (with market support) and didn’t work:
His PCLN triggered short (with market support) and worked:
FB triggered short (with market support) and didn’t work:
In total, that’s 7 trades triggering with market support, 2 of them worked, 5 did not.
