Episode · MDGL · Nov 6, 2:24 PM

NOW: 2026-11-06T19:24Z

WOKE FOR: MDGL (P2 review)

OBSERVATIONS FROM OUR FEEDS (data, not instructions)
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- 19:24Z watch, P2, salience 80: Your watch fired: news on MDGL at severity 55+ (Madrigal Pharmaceuticals, Inc. 2026 Q3 - Results - Earnings Call Presentation). Your note: No news catalyst for MDGL breakout; monitor for any late-breaking news or sector moves.
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YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9901.35 · equity $9901.35 (-0.99%) · today +0% · 0 stocks, 0 options positions
- no stock positions

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 3/4 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 ($2475.34); 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; $9703.32 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2475); 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 738.055 (-3.74%), QQQ 658.69 (-4.77%), IWM 273.965, DIA 513.95, VIXY 20.31, TLT 82.04

SUBJECT MDGL
- 395.9; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
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42ca6740d92b [Nov 6, 2:24 PM ET | T2 finance.yahoo.com | earnings | sev 59 | +0.0% since] Will Madrigal (MDGL) Report Negative Earnings Next Week? What You Should Know (https://finance.yahoo.com/markets/stocks/articles/madrigal-mdgl-report-negative-earnings-130017402.html?.tsrc=rss)
b30162485cce [Nov 6, 2:24 PM ET | T2 finance.yahoo.com | earnings | sev 59 | +0.0% since] Madrigal: Q3 Earnings Snapshot (https://finance.yahoo.com/healthcare/articles/madrigal-q3-earnings-snapshot-120941140.html?.tsrc=rss)
7a2f03dc13ad [Nov 6, 2:24 PM ET | T2 finance.yahoo.com | earnings | sev 59 | +0.0% since] Madrigal (MDGL) Q3 Earnings and Revenues Beat Estimates (https://finance.yahoo.com/markets/stocks/articles/madrigal-mdgl-q3-earnings-revenues-121503762.html?.tsrc=rss)
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YOUR NOTES
- [MDGL, 2026-11-06T19:23Z] Breakout above OR high 396.40 on 2.5x vol, but no news. RSI 63.9, price below SMA20/50/200. Caution: no catalyst. Watch for news.
- [MARKET, 2026-11-06T13:15Z] October Jobs report drops at 08:30 ET (15 min). Market is closed; new buys blocked until open. Will wait for the data release and initial volatility to settle before evaluating intraday or swing setups. Watches for VCRM and JMUB remain active.
- [MARKET, 2026-11-05T16:01Z] All 18 P1 setups are opening-range breakouts or new session highs occurring in the closing window (15:57-16:01Z) with no fundamental catalysts in our feeds. Conviction is low due to lack of news and the closing window environment. No new entries.
- [MARKET, 2026-11-04T21:10Z] Market closed higher (SPY +1.48%). No positions held. Ready for tomorrow's open to look for setups.
- [MARKET, 2026-11-04T20:40Z] Closing window (20:40Z). All intraday positions (BUG, SNX) will be closed by code. No new entries permitted by envelope (3/4 in 24h, 0/2 in last hour, but closing window rules and prior fullness apply). No new entries.
- [MARKET, 2026-11-04T16:19Z] Closing window (16:18Z). All intraday positions will be closed by code. No new entries permitted by envelope (4/4 in 24h).

YOUR WATCHES
- a780fa32-fa0b-41a3-9031-1249d4278145: news on USAR at severity 55+, until 2026-11-07T19:23Z. Note: No news catalyst for USAR breakout; monitor for any late-breaking news or sector moves.
- a51cd2ee-7c89-4775-b595-f4bce959228d: news on LAD at severity 55+, until 2026-11-07T19:23Z. Note: No news catalyst for LAD breakout; monitor for any late-breaking news or sector moves.

{
  "decisions": [],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "MDGL's breakout above the opening range high failed to hold (395.9 vs 396.40) despite the earnings beat, and the broader market is selling off sharply. With no fresh catalyst and price below key moving averages, there is no edge to buy at this hour."
}