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, the great CHKP setup that we have been following triggered long (with market support) and went enough for a partial, but it then faced the options unraveling move that was to the downside:
From the Messenger/Tradesight_st Twitter Feed, Rich’s AAPL triggered short (without market support due to opening 5 minutes) and worked:
His BTU triggered long (with market support) and didn’t work:
His CLF triggered short (with market support) and worked:
His VMW triggered short (with market support) and worked:
His NFLX triggered long (with market support) and worked enough for a partial:
His FFIV triggered short (with market support) and worked:
His FAS triggered short (ETF, so no market support needed) and worked:
In total, that’s 7 trades triggering with market support, 5 of them worked, 2 did not.
