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, CRUS and CELG gapped over, no official plays, although CRUS worked after:
From the Messenger/Tradesight_st Twitter Feed, Rich’s TBT triggered long (ETF, so no market support needed) by a penny and didn’t work:
His SLB triggered short (with market support) and didn’t work:
His FAS triggered short (ETF, so no market support needed) and worked:
His NEM triggered short (barely with market support) and didn’t work:
In total, that’s 4 trades triggering with market support, 1 of them worked, 3 did not.