Futures Calls Recap for 10/13/20

The markets gapped mixed, drifted lower early, went flat for over half of the day, then dipped coming out of lunch and popped back up to the midpoint/VWAP area on 3.5 billion NASDAQ shares.

Net ticks: +4 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES and NQ Opening and Institutional Range Plays:

ES Opening Range Play triggered short at A and worked enough for a partial:

NQ Opening Range Play triggered short at A but too far out of range to take:

ES Tradesight Institutional Range Play:

NQ Tradesight Institutional Range Play:

ES:


Stock Picks Recap for 10/13/20

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, FOLD triggered long (with market support) and worked:

From the Messenger/Tradesight_st Twitter Feed, Rich’s QCOM triggered short (with market support) and worked:

Rich’s ROKU triggered long (with market support) and worked:

Mark’s SGEN triggered long (with market support) and worked:

In total, that’s 4 trades triggering with market support, all of them worked.