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.
From the report, MCHP barely gapped over, so no play.
In the Messenger, NTAP triggered long (without market support) and worked enough for a partial:
GOOG triggered short (with market support) and worked great:
Rich’s GS triggered short (with market support) and didn’t really work:
Rich’s AAPL triggered short (with market support) and worked fine:
NTAP triggered short (with market support) and worked enough for a partial:
Rich’s JPM triggered short (with market support) and didn’t work:
In the afternoon, GOOG triggered long (with market support) and worked huge, I got six points to the final exit:
GS triggered long (with market support) and worked:
In total, that’s 7 trades triggering with market support, 5 of them worked, 2 did not.
