Episode · the market · Nov 5, 10:01 AM

NOW: 2026-11-05T15:01Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 14:57Z setup, P1, salience 88: CP opening-range breakout (first 15 min): closed 95.27 above 94.62 on 8.7× its median minute volume today; opening range 94.04-94.62.
- 14:57Z setup, P1, salience 86: ADC opening-range breakout (first 15 min): closed 70.705 above 70.62 on 9× its median minute volume today; opening range 70.39-70.62.
- 14:57Z setup, P1, salience 79: AMH opening-range breakout (first 15 min): closed 33.45 above 33.27 on 3.9× its median minute volume today; opening range 33.03-33.27.
- 14:57Z setup, P1, salience 77: NNN opening-range breakout (first 15 min): closed 42.33 above 42.2 on 3.8× its median minute volume today; opening range 42.12-42.2.
- 14:57Z setup, P1, salience 73: HCA opening-range breakout (first 15 min): closed 520 above 518.67 on 3.3× its median minute volume today; opening range 515.02-518.67.
- 14:58Z setup, P1, salience 86: SCHP opening-range breakout (first 15 min): closed 25.58 above 25.55 on 35.5× its median minute volume today; opening range 25.53-25.55.
- 14:58Z setup, P1, salience 86: ODFL opening-range breakout (first 15 min): closed 181.65 above 181.44 on 17.3× its median minute volume today; opening range 180.08-181.44.
- 14:58Z setup, P1, salience 86: CTVA opening-range breakout (first 15 min): closed 12.6 above 12.59 on 8.8× its median minute volume today; opening range 12.42-12.59.
- 14:58Z setup, P1, salience 79: TYL opening-range breakout (first 15 min): closed 435.24 above 433.15 on 3.9× its median minute volume today; opening range 429.26-433.15.
- 14:58Z setup, P1, salience 71: HESM opening-range breakout (first 15 min): closed 31.49 above 31.33 on 2.9× its median minute volume today; opening range 31.21-31.33.
- 14:59Z setup, P1, salience 87: GD opening-range breakout (first 15 min): closed 369.87 above 368.46 on 9.7× its median minute volume today; opening range 363-368.46.
- 14:59Z setup, P1, salience 86: SPTI opening-range breakout (first 15 min): closed 27.77 above 27.74 on 43.2× its median minute volume today; opening range 27.7-27.74.
- 14:59Z setup, P1, salience 86: CBOE opening-range breakout (first 15 min): closed 354.19 above 351.25 on 4.6× its median minute volume today; opening range 347.77-351.25.
- 14:59Z setup, P1, salience 80: MRSH opening-range breakout (first 15 min): closed 213.32 above 212.82 on 4.2× its median minute volume today; opening range 211.67-212.82.
- 14:59Z setup, P1, salience 74: TSLQ opening-range breakout (first 15 min): closed 18.975 above 18.45 on 2.4× its median minute volume today; opening range 16.85-18.45.
- 15:00Z setup, P1, salience 86: EW opening-range breakout (first 15 min): closed 104.04 above 103.83 on 7.9× its median minute volume today; opening range 102.67-103.83.
- 15:00Z setup, P1, salience 82: ALKS opening-range breakout (first 15 min): closed 46.305 above 46.09 on 4.4× its median minute volume today; opening range 45.77-46.09.
- 15:00Z setup, P1, salience 78: EDV opening-range breakout (first 15 min): closed 59.61 above 59.49 on 4× its median minute volume today; opening range 59.32-59.49.
- 15:00Z setup, P1, salience 73: NRIX opening-range breakout (first 15 min): closed 15.91 above 15.8 on 3.1× its median minute volume today; opening range 15.42-15.8.
- 15:00Z setup, P1, salience 71: VLTO opening-range breakout (first 15 min): closed 118.82 above 118.55 on 3.1× its median minute volume today; opening range 117.58-118.55.
- 15:01Z setup, P1, salience 88: ET opening-range breakout (first 15 min): closed 19.86 above 19.74 on 9.4× its median minute volume today; opening range 19.6-19.74.
- 15:01Z setup, P1, salience 87: PEGA opening-range breakout (first 15 min): closed 34.535 above 34.4 on 12.4× its median minute volume today; opening range 33.85-34.4.
- 15:01Z setup, P1, salience 86: TTE opening-range breakout (first 15 min): closed 91.24 above 91.11 on 8.5× its median minute volume today; opening range 90.64-91.11.
- 15:01Z setup, P1, salience 86: BKH opening-range breakout (first 15 min): closed 86.23 above 86.04 on 5.9× its median minute volume today; opening range 84.55-86.04.
- 15:01Z setup, P1, salience 81: KDP opening-range breakout (first 15 min): closed 37.365 above 37.31 on 4.5× its median minute volume today; opening range 36.98-37.31.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9896.37 · equity $9896.37 (-1.04%) · today +0% · 0 stocks, 0 options positions
- no stock positions

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 1/4 entries in 24 h, 0/2 in the last hour, 0/4 open; $990 more can be committed this hour; an entry is 50% of what the risk checks allow; one action per ticker per 30 min; no re-entry for 24 h after a stop-out or 6 h after an exit.
- Risk checks: at most 25% of equity per position ($2474.09); 0/8 positions; conviction ≥ 6/10 (≥ 8 for an overnight buy in the closing window, and none intraday then); price ≥ $5; stop 0.4-10% below the price (default 2.5%); reward:risk ≥ 1.2; no rebuy within 15 min of a sale; $9698.44 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2474); at most 4% of equity per position; 0/6 positions; conviction ≥ 7; long calls and puts, call and put debit spreads; buy |delta| 0.25-0.7, 7-45 days to expiration; contracts only from an option_menu result in this episode; exits default to -60% / +150% of the position's value, and code closes positions before expiration.
- Intraday stock positions are closed by code in the last minutes of the session; stops and targets rest at the broker as bracket or OCO orders.

MARKET
- SPY 752.72 (-0.4%), QQQ 664.625 (-3.75%), IWM 280.55, DIA 528.99, VIXY 18.01, TLT 81.87

SUBJECT CP
- 95.18; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT ADC
- 70.56; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
5e922a198fab [Nov 4, 10:11 AM ET | T1 anomaly | price shock | sev 88 | +2.3% since] ADC -0.50% in 1 min (z -6.71 after removing SPY's move)
1ad64b30ab87 [Nov 4, 10:59 AM ET | T1 anomaly | price shock | sev 75 | +1.2% since] ADC +0.49% in 1 min (z 5.42 after removing SPY's move)
</untrusted>

SUBJECT AMH
- 33.38; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
be8217b0052c [Nov 4, 4:12 PM ET | T1 sec.gov | earnings | sev 60] AMH 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1562401/000156240126000055/0001562401-26-000055-index.htm)
</untrusted>

SUBJECT NNN
- 42.29; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
aa8cb6884c22 [Nov 4, 3:14 PM ET | T1 anomaly | price shock | sev 88 | +1.9% since] NNN -0.67% in 1 min (z -7.23 after removing SPY's move)
50e12f5e8d2e [Nov 4, 10:17 AM ET | T1 anomaly | price shock | sev 66 | +1.8% since] NNN +0.43% in 1 min (z 4.77 after removing SPY's move)
5f8c18abebaf [Nov 4, 11:56 AM ET | T1 anomaly | price shock | sev 56 | +1.6% since] NNN -0.41% in 1 min (z -4.04 after removing SPY's move)
</untrusted>

SUBJECT HCA
- 520.17; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT SCHP
- 25.56; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT ODFL
- 181.33; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT CTVA
- 12.665; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
34884a2417e5 [Nov 4, 1:11 PM ET | T2 zacks.com | earnings | sev 51 | +5.0% since] Corteva, Inc. (CTVA) Reports Next Week: Wall Street Expects Earnings Growth (https://www.zacks.com/stock/news/3023073/corteva-inc-ctva-reports-next-week-wall-street-expects-earnings-growth?cid=CS-ZC-FT-fundamental_analysis|yseop_template_9-3023073)
</untrus… [cut: 14,020 characters in all]

{
  "decisions": [
    {
      "symbol": "CP",
      "action": "buy",
      "allocation_pct": 4.9,
      "sell_pct": 100,
      "stop_loss": 92.87,
      "take_profit": 100,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "CP broke its 15-min opening range (94.62) on 8.7x volume, closing at 95.27. Price is well above SMA20/50/200 and 52-week high, indicating strong momentum. No news catalyst, but the volume and breakout are clean. Stop at 92.87 (-2.5%) below the breakout level. Target 100.0 (+5.1%). Reward:risk > 2.",
      "evidence": [
        "Closed 95.27 above OR 94.62 on 8.7x median volume.",
        "Daily: SMA20 88.96, SMA50 88.57, SMA200 86.46. RSI 70.1.",
        "No news in last 24h."
      ],
      "invalidation": "Close below 94.04 (OR low) or 92.87 (stop).",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "ADC",
      "action": "buy",
      "allocation_pct": 4.9,
      "sell_pct": 100,
      "stop_loss": 68.8,
      "take_profit": 75,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "ADC broke its 15-min opening range (70.62) on 9x volume, closing at 70.705. However, it is below SMA200 (-5.24%) and VWAP (70.63), suggesting some resistance. Anomaly news from yesterday but no fresh catalyst. Lower conviction than CP due to technical headwinds. Stop at 68.80 (-2.5%). Target 75.0 (+6.1%).",
      "evidence": [
        "Closed 70.705 above OR 70.62 on 9x median volume.",
        "Daily: SMA20 67.06, SMA50 68.32, SMA200 74.46. RSI 63.2.",
        "VWAP 70.63. Price slightly above VWAP."
      ],
      "invalidation": "Close below 70.39 (OR low) or 68.80 (stop).",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Bought CP and ADC on their opening-range breakouts. CP has strong momentum above all SMAs and no news, while ADC has some resistance below SMA200 despite the breakout. Both are intraday positions with stops below the opening range lows."
}