Pretty boring day.
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, NXPI triggered long (without market support due to opening five minutes) and didn’t work. Worked later, but we’ll just count the initial:
SHOO triggered long (with market support) and worked eventually:
MENT short gapped under the trigger, no play.
In the Messenger, Rich’s WFC triggered short (without market support) and worked enough to fill the gap:
Rich’s AMGN triggered long (with market support) and worked:
His BIIB triggered long (with market support) and didn’t work:
ERTS triggered long (with market support) and didn’t work:
GOOG triggered long (with market support) and didn’t work:
In total, that’s 5 trades triggering with market support, 2 of them worked, 3 did not.
