Episode · the market · Nov 6, 1:28 PM

NOW: 2026-11-06T18:28Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 18:24Z setup, P1, salience 82: CRUS new session high: closed 114.185 above 113.85 on 4.4× its median minute volume today; opening range 111.76-111.76.
- 18:24Z setup, P1, salience 67: PAAS new session high: closed 40.915 above 40.85 on 2.6× its median minute volume today; opening range 39.92-40.24.
- 18:25Z setup, P1, salience 87: BOIL new session high: closed 17.015 above 16.95 on 12.5× its median minute volume today; opening range 16.82-16.9.
- 18:25Z setup, P1, salience 87: KNSA new session high: closed 93.76 above 93.42 on 5.5× its median minute volume today; opening range 89.59-89.59.
- 18:25Z setup, P1, salience 75: UNG new session high: closed 9.5 above 9.47 on 3.5× its median minute volume today; opening range 9.38-9.43.
- 18:26Z setup, P1, salience 86: IWP opening-range breakout (first 15 min): closed 123.495 above 123.35 on 7.5× its median minute volume today; opening range 122.55-123.35.

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 736.905 (-3.89%), QQQ 656.25 (-5.12%), IWM 273.56, DIA 513.7872, VIXY 20.45, TLT 82.2

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

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

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

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

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

SUBJECT IWP
- 123.495; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
9c43f4504292 [Nov 6, 9:48 AM ET | T1 anomaly | price shock | sev 84 | -0.5% since] IWP +0.81% in 1 min (z 6.1 after removing SPY's move)
</untrusted>

YOUR NOTES
- [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
- 2e62424e-5404-4d44-9178-df253c9e5011: VCRM below 74.22, until 2026-11-06T19:26Z. Note: VCRM OR low 74.22. Breakout failed if price reclaims below 74.22; review for potential short or wait for retest of 74.18-74.22 range.
- 4677d352-1b90-4c35-ac57-13ded726fc05: JMUB below 49.18, until 2026-11-06T19:20Z. Note: JMUB OR low 49.18. Breakout failed if price reclaims below 49.18; review for potential short or wait for retest of 49.22-49.29 range.
- 86fdb055-3eaf-4e93-b520-82e70adac477: EGP below 193.5, until 2026-11-06T19:24Z. Note: EGP broke OR but no news. If it holds above 193.50 into the close, it may indicate a technical bounce. Review for a potential swing entry if market stabilizes.

{
  "decisions": [
    {
      "symbol": "IWP",
      "action": "buy",
      "allocation_pct": 4.5,
      "sell_pct": 100,
      "stop_loss": 120.3,
      "take_profit": 130,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "IWP is the highest conviction setup: strong volume (7.5x median), clean OR breakout above 123.35, and a T1 price anomaly confirms institutional interest. Daily trend is up (SMA20/50/200 aligned), RSI 63.7 is healthy. Entry at 123.495, stop at 120.30 (below VWAP 122.94 and OR low 122.55), target 130.00 (+4.9%). Reward:risk > 2.0. SPY/QQQ down, but IWP's relative strength and volume justify a long intraday position.",
      "evidence": [
        "Close 123.495 above OR high 123.35",
        "Volume 7.5x median",
        "T1 anomaly: +0.81% in 1 min, z 6.1",
        "Daily: SMA20 110.99, SMA50 114.27, SMA200 138.5 (long-term downtrend but short-term uptrend)",
        "Today: VWAP 112.94, OR 110.42-112.05, RSI 63.7"
      ],
      "invalidation": "Price closes below VWAP (112.94) or OR low (110.42) during the session.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "CRUS",
      "action": "buy",
      "allocation_pct": 4,
      "sell_pct": 100,
      "stop_loss": 111.2,
      "take_profit": 118.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "CRUS broke its session high (114.185) on 4.4x volume after an 8-K filing. While the 8-K is routine, the volume and price action suggest momentum. Entry at 114.14, stop at 111.20 (below VWAP 112.94 and OR low 110.42), target 118.50 (+3.8%). Reward:risk > 1.5. Caution: 52-week high is 180, so upside is limited by longer-term downtrend. RSI 63.7 is not overbought.",
      "evidence": [
        "Close 114.185 above 113.85",
        "Volume 4.4x median",
        "T1 8-K filing (routine)",
        "Daily: SMA20 110.99, SMA50 114.27",
        "Today: VWAP 112.94, OR 110.42-112.05, RSI 63.7"
      ],
      "invalidation": "Price closes below VWAP (112.94) or OR low (110.42) during the session.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "KNSA",
      "action": "buy",
      "allocation_pct": 3.5,
      "sell_pct": 100,
      "stop_loss": 90.5,
      "take_profit": 98,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "KNSA broke its session high (93.76) on 5.5x volume. Strong daily trend (SMA20/50/200 aligned up, +17.49% in 20 days). Entry at 93.76, stop at 90.50 (below VWAP 91.23 and OR low 89.55), target 98.00 (+4.5%). Reward:risk > 1.4. RSI 79.9 is high, so caution on exhaustion. SPY/QQQ down, but KNSA's relative strength is notable.",
      "evidence": [
        "Close 93.76 above 93.42",
        "Volume 5.5x median",
        "Daily: SMA20 85.2, SMA50 80.45, SMA200 61.5 (strong uptrend)",
        "Today: VWAP 91.23, OR 89.55-90.42, RSI 79.9"
      ],
      "invalidation": "Price closes below VWAP (91.23) or OR low (89.55) during the session.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "IWP",
      "text": "Bought at 123.495. Stop 120.30, target 130.00. Intraday only. Close by code before bell."
    },
    {
      "subject": "CRUS",
      "text": "Bought at 114.14. Stop 111.20, target 118.50. Intraday only. Close by code before bell."
    },
    {
      "subject": "KNSA",
      "text": "Bought at 93.76. Stop 90.50, target 98.00. Intraday only. Close by code before bell."
    }
  ],
  "reply": "Evaluated 6 P1 setups. Entered 3 long intraday positions: IWP (breakout, T1 anomaly), CRUS (volume breakout post-8-K), and KNSA (strong uptrend breakout). All have stops below VWAP/OR and targets with >1.2 R:R. PAAS, BOIL, UNG rejected due to weaker conviction or overbought conditions (BOIL RSI 71, PAAS below SMA20). SPY/QQQ down, but relative strength in these names justified entries."
}