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.
On a dull day in the market, most of the main triggers didn’t have a chance.
AUXL triggered short (with market support) late in the day and literally didn’t go more than a couple of cents either direction:
OVTI gapped under the trigger, no play.
QCOM triggered short (without market support due to opening five minutes) and didn’t work:
In the Messenger, Rich’s GS triggered long (with market support) and didn’t work:
SINA triggered short (with market support) and worked:
AMZN triggered short (with market support) and worked for a point:
Rich’s WFC triggered long (with market support) and didn’t work:
His AAPL triggered long (with market support) and didn’t work:
In total, that’s 5 trades triggering with market support, 2 of them worked well, 3 did not. First day under 50% winners in several months, and of course it comes on the lightest volume day of that period.
