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.
From the report, HGSI gapped up and opened right at the trigger, which is never really an ideal trigger, worked a little and then came back (gaps tend to fill):
APKT triggered short (with market support) and worked enough for a partial, not much else:
In the Messenger, Rich’s BIDU triggered short (with market support) and worked:
His SINA triggered short (with market support) and worked:
His FSLR triggered short (with market support) and worked:
TEVA triggered short (with market support) and worked:
Rich’s VMW triggered long in the last few minutes, didn’t have enough time to do anything:
His SHLD triggered short (with market support) and worked:
His CAT triggered short (with market support) and didn’t work:
In total, that’s 7 trades triggering with market support, 6 of them worked, 1 did not.
