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, CDNS, SOHU, MOLX, and CTSH gapped under their short triggers, no plays.
Strange day with the gaps and light volume. Very few trades triggered with market support.
CROX triggered short (without market support due to opening five minutes) and worked enough for a partial:
ORCL triggered short (without market support) and didn’t work:
In the Messenger, Rich’s IBM triggered short (without market support) and didn’t work:
EBAY triggered long (with market support) and didn’t work, although it worked later:
FFIV triggered long (with market support) and worked enough for a partial:
Rich’s GMCR triggered short (without market support) and worked enough for a partial:
AMGN triggered long (with market support) and didn’t work.
In total, that’s 3 trades triggering with market support, 1 of them worked, 2 did not.
