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.
Off the report, SPMD triggered long (with market support) and worked great:
LEAP triggered long (with market support) and worked great:
TQNT triggered long (with market support) and worked great:
SYNA triggered long (with market support) and worked great:
ROST triggered short (without market support due to opening five minutes) and actually worked for a point, but had to be quick:
BMRN gapped under the short trigger, no play.
In the Messenger, GS triggered long (with market support) and we’ll say it didn’t work because it pulled back $0.50 before working later:
Rich’s POT triggered long (with market support) and didn’t work:
RIMM triggered long (with market support) and worked great:
Big day overall. In total, that’s 7 trades triggering with market support, 5 of them worked, 2 did not.
