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, SPRD triggered long (with market support) and worked great:
Z triggered short (without market support) and didn’t work:
In the Messenger, Rich’s IBM triggered long (with market support) and worked great:
His VMW triggered long (with market support) and worked:
His MFRM triggered short (without market support) and didn’t work initially (retraced $0.35), but then worked:
His PXD triggered long (with market support) and didn’t work, worked later:
His GOLD triggered long (with market support) and worked:
RIMM triggered long (with market support), didn’t go a dime in either direction so we don’t count it:
NFLX triggered long (with market support) and worked:
Rich’s VXX triggered short (ETF, so no market support needed) and worked:
In total, that’s 8 trades triggering with market support, 6 of them worked, 2 did not. Some of the winners were huge.
not. Some of the winners were huge.
