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, PMTC triggered long (without market support) and didn’t work:
SPRD triggered long (without market support due to opening 5 minutes) and didn’t work:
PAYX gapped over, no play.
JBLU triggered long (without market support) and didn’t get a dime in either direction, so doesn’t count:
DMND triggered long (without market support just barely) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich’s SNDK triggered long (with market support) and didn’t work:
NFLX triggered short (with market support) and worked enough for a partial:
Rich’s VXX triggered long (with market support) and worked:
GOOG triggered short (with market support) and didn’t work:
AMZN triggered short (with market support) and worked:
GS triggered long (with market support) and didn’t work:
Rich’s SINA triggered short (with market support) and didn’t work:
In total, that’s 7 trades triggering with market support, 3 of them worked, 3 did not, 1 didn’t do anything. No surprise on a day where the market was stuck.
