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.
This was an unusual session in that volume was up, but market direction flipped several times, and a lot more trades than usual triggered without market support.
From the report, MCHP triggered long (with market support) and worked enough for a partial:
CBST gapped way over, no play.
In the Messenger, Rich’s FFIV triggered short (without market support) and didn’t work:
AMGN triggered long (with market support) and didn’t work:
RIMM triggered short (without market support) and didn’t work:
Rich’s CREE triggered long (with market support) and worked enough for a partial:
His GOOG triggered short (with market support) and worked for a couple of points:
ERTS triggered long (with market support) and worked enough for a partial:
Rich’s AU triggered long (with market support) and worked:
NFLX triggered short (without market support) and worked enough:
Rich’s SLW triggered long (with market support) and worked enough:
In total, that’s 7 trades triggering with market support, 6 of them worked, 1 did not.
