Episode · the market · Nov 10, 3:27 PM

NOW: 2026-11-10T20:27Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 20:23Z setup, P1, salience 65: DASH opening-range breakout (first 15 min): closed 177.08 above 176.41 on 2.2× its median minute volume today; opening range 173.4-176.41.
- 20:24Z setup, P1, salience 76: LQDA new session high: closed 51.415 above 51.17 on 3.6× its median minute volume today; opening range 46.65-49.19.
- 20:24Z setup, P1, salience 65: HRB opening-range breakout (first 15 min): closed 51.06 above 50.9 on 2.3× its median minute volume today; opening range 48.93-50.9.
- 20:25Z setup, P1, salience 86: KMX opening-range breakout (first 15 min): closed 53.98 above 53.89 on 8.6× its median minute volume today; opening range 53.58-53.89.
- 20:25Z setup, P1, salience 83: STRC opening-range breakout (first 15 min): closed 99.92 above 99.82 on 4.7× its median minute volume today; opening range 99.77-99.82.
- 20:25Z setup, P1, salience 63: BKLN opening-range breakout (first 15 min): closed 20.54 above 20.52 on 2.1× its median minute volume today; opening range 20.5-20.52.
- 20:27Z setup, P1, salience 86: KMX new session high: closed 54.11 above 54.02 on 8.7× its median minute volume today; opening range 53.58-53.89.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $3829.51 · equity $10235.05 (+2.35%) · today +0.16% · 8 stocks, 0 options positions
- MPC: 1 shares at 383.85, now 388.98 (1.28%), stop 312.05, target none, LONG-TERM BOOK (rules-managed: held for months until a week closes below its 200-day average; sell it yourself only on news that breaks the long-term case), multi_day horizon, opened 10:00 AM ET. Thesis: Long-term leader: 12-month return 148.9% (skipping the last month), 25.9% above its 200-day average Invalidation: A week closing below its 200-day average (a leader also: its trailing stop, or dropping out of the top at a month's refresh).
- PSX: 2 shares at 248.78, now 249.86 (0.44%), stop 212.58, target none, LONG-TERM BOOK (rules-managed: held for months until a week closes below its 200-day average; sell it yourself only on news that breaks the long-term case), multi_day horizon, opened 10:01 AM ET. Thesis: Long-term leader: 12-month return 107.2% (skipping the last month), 21.7% above its 200-day average Invalidation: A week closing below its 200-day average (a leader also: its trailing stop, or dropping out of the top at a month's refresh).
- PTC: 7 shares at 195.33, now 196.275 (0.47%), stop 190.75, target none, TREND CORE (rules-managed: its stop trails and a close below the 50-day average sells it; sell it yourself only on news that breaks the trend), multi_day horizon, opened 10:01 AM ET. Thesis: Trend core: 16.8% above a 50-day average 12.9% over the 200-day; 6-month 33% at 1.17% daily ATR (strength 28.2); 100% of its 52-week high Invalidation: The trailing stop, or a close below the 50-day average.
- S: 107 shares at 23.57, now 23.545 (-0.06%), stop 22.66, target 25, multi_day horizon, opened 9:46 AM ET. Thesis: Strongest setup: price above SMA20/50/200, positive 5d return, heavy volume breakout. Opening range low 22.66 provides tight stop. Reward 6% vs risk 4% (R:R > 1.2). Invalidation: Price closes below 22.66.
- SPY: 1 shares at 747.67, now 749.3 (0.22%), stop none, target none, LONG-TERM BOOK (rules-managed: held for months until a week closes below its 200-day average; sell it yourself only on news that breaks the long-term case), multi_day horizon, opened 10:00 AM ET. Thesis: Long-term book: SPY at 15% of equity, held while its weekly close stays above its 200-day average: last week closed at 735.29, 0.67% vs its 200-day average 730.38. Invalidation: A week closing below its 200-day average (a leader also: its trailing stop, or dropping out of the top at a month's refresh).
- U: 2 shares at 52.97, now 49.8 (-5.97%), stop 47.67, target none, TREND CORE (rules-managed: its stop trails and a close below the 50-day average sells it; sell it yourself only on news that breaks the trend), multi_day horizon, opened 10:01 AM ET. Thesis: Trend core: 21.2% above a 50-day average 34% over the 200-day; 6-month 82.8% at 5.23% daily ATR (strength 15.84); 97% of its 52-week high Invalidation: The trailing stop, or a close below the 50-day average.
- USO: 3 shares at 143.74, now 141.51 (-1.56%), stop 115.75, target none, LONG-TERM BOOK (rules-managed: held for months until a week closes below its 200-day average; sell it yourself only on news that breaks the long-term case), multi_day horizon, opened 10:00 AM ET. Thesis: Long-term leader: 12-month return 107.8% (skipping the last month), 17.8% above its 200-day average Invalidation: A week closing below its 200-day average (a leader also: its trailing stop, or dropping out of the top at a month's refresh).
- VLO: 1 shares at 352.24, now 349.47 (-0.78%), stop 300.25, target none, LONG-TERM BOOK (rules-managed: held for months until a week closes below its 200-day average; sell it yourself only on news that breaks the long-term case), multi_day horizon, opened 10:00 AM ET. Thesis: Long-term leader: 12-month return 160.8% (skipping the last month), 19.4% above its 200-day average Invalidation: A week closing below its 200-day average (a leader also: its trailing stop, or dropping out of the top at a month's refresh).

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 2/8 entries in 24 h, 0/3 in the last hour, 1/4 open; one action per ticker per 30 min; no re-entry for 6 h after a stop-out or 2 h after an exit.
- Sizing is code's: a buy risks 1% of equity at its stop (×0.75 at conviction 6, up to ×1.25 at 10), up to 25% of equity per position ($2558.76). A closer stop means more shares; leave allocation_pct null.
- Risk checks: 3/8 positions; conviction ≥ 6/10 (no intraday buys in the closing window); price ≥ $5; stop 0.4-10% below the price (default 2.5%); reward:risk ≥ 1.2; no rebuy within 15 min of a sale; $3624.81 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2559); 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; overnight and multi-day ones stay. Stops and targets rest at the broker as bracket or OCO orders, and once a position is up by its stop distance code trails its stop at that distance behind the price.

MARKET
- SPY 749.3 (-0.45%), QQQ 673.95 (-0.71%), IWM 280.25, DIA 521.46, VIXY 18.3401, TLT 80.88

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

SUBJECT LQDA
- 51.19; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
de50c030e818 [Nov 10, 7:01 AM ET | T1 sec.gov | earnings | sev 60] LQDA 8-K: 2.02 Results of Operations and Financial Condition; 8.01 Other Events (https://www.sec.gov/Archives/edgar/data/1819576/000110465926124770/0001104659-26-124770-index.htm)
4d2a85af357b [Nov 10, 9:44 AM ET | T2 benzinga.com | earnings | sev 51 | +6.3% since] Liquidia Q3 2026 Earnings Call Transcript (https://www.benzinga.com/news/26/11/63091511/liquidia-q3-2026-earnings-call-transcript)
c650d447f023 [Nov 9, 10:09 PM ET | T2 zacks.com | earnings | sev 51] Zymeworks Inc. (ZYME) Misses Q3 Earnings Estimates (https://www.zacks.com/stock/news/3026800/zymeworks-inc-zyme-misses-q3-earnings-estimates?cid=CS-ZC-FT-fundamental_analysis|yseop_template_4-3026800)
</untrusted>

SUBJECT HRB
- 51.14; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
4a6933827730 [Nov 9, 3:33 PM ET | T1 anomaly | price shock | sev 84 | -0.3% since] HRB -0.98% in 1 min (z -6.11 after removing SPY's m… [cut: 10,340 characters in all]

{
  "decisions": [],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "The session is closed (20:27Z). No new entries are allowed in the closing window or after hours. All observed setups (DASH, LQDA, HRB, KMX, STRC, BKLN) are ignored as they occurred during the regular session and no new trades can be initiated now. Book positions remain unchanged."
}