Episode · CGNX · Nov 3, 12:40 PM

NOW: 2026-11-03T17:40Z

WOKE FOR: CGNX (P2 review)

OBSERVATIONS
- 17:39Z watch, P2, salience 80: Your watch fired: CGNX above 60.1. Your note: CGNX is the strongest technical setup among the candidates, trading above its SMA20 and SMA50 with a positive 5-day return. The new session high on heavy volume is promising. However, the RSI is elevated (73.6 intraday), suggesting a potential pullback. Watch for a hold above 60.1 to confirm strengt

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9900.47 · equity $9900.47 (-1%) · today +0.1% · 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 ($2475.12); 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; $9702.46 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 754.87 (-0.11%), QQQ 686.34 (-0.61%), IWM 280.5, DIA 516.56, VIXY 18.31, TLT 81.085

SUBJECT CGNX
- 60.075 (bid 59.95, ask 60.2), +6.5% today; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
a80fda76b437 [Nov 3, 12:34 PM ET | T2 nasdaq.com | earnings | sev 59 | +0.1% since] Can Cognex (CGNX) Run Higher on Rising Earnings Estimates? (https://www.nasdaq.com/articles/can-cognex-cgnx-run-higher-rising-earnings-estimates)
f6b830fe7681 [Nov 3, 12:34 PM ET | T2 nasdaq.com | earnings | sev 59 | +0.1% since] Cognex (CGNX) Down 9.8% Since Last Earnings Report: Can It Rebound? (https://www.nasdaq.com/articles/cognex-cgnx-down-98-last-earnings-report-can-it-rebound)
7136e564c26c [Nov 3, 12:34 PM ET | T2 finance.yahoo.com | earnings | sev 59 | +0.1% since] Cognex Announces Third Quarter 2026 Earnings Release and Conference Call Dates (https://finance.yahoo.com/markets/stocks/articles/cognex-announces-third-quarter-2026-120000198.html?.tsrc=rss)
</untrusted>

YOUR NOTES
- [MARKET, 2026-11-03T16:53Z] Closing window. All setups are opening-range breakouts with no fundamental catalysts. No new entries. Positions closed by code if any existed (none held).
- [MARKET, 2026-11-03T16:28Z] Closing window (16:28Z). All setups are opening-range breakouts occurring after 16:15Z with no fundamental catalysts (CAH, PODD, HYMB, EGP, CAG, ED) or only minor anomalies (CR, CTAS). Conviction is low due to lack of news and the closing window environment. No new entries. Positions will be closed by code if any existed (none held).
- [MARKET, 2026-11-03T16:23Z] Closing window. Most setups lack fundamental catalysts. No new entries.
- [MARKET, 2026-11-03T16:18Z] Multiple opening-range breakouts detected in the closing window (16:14-16:18Z). FICO, PGX, SRLN, XLF, DIA, LQDA, PKG, RBC, GL, IWN, QYLD, TYL, PFG, SWKS, AEE, NBIX, JBHT, BKLN, AVAV, VCLT, SIG, ITT, KYMR, CMS. Most are ETFs or low-float names with no specific news catalysts other than volume anomalies. The market is in the closing window; new intraday buys are generally discouraged unless conviction is very high and the setup is clean. Given the lack of fundamental catalysts for most of these br
- [MARKET, 2026-11-03T14:30Z] Inside opening buffer until 14:40Z. No new buys allowed. Will scan for opening-range breakouts and new highs on heavy volume after the buffer clears.

YOUR WATCHES
- 0f21c231-3f02-4762-bcc4-b5707f79f176: NEU above 760, until 2026-11-04T17:33Z. Note: NEU is in a strong downtrend (-12.24% from SMA20, -14.38% from SMA50) with an extremely low RSI (16.4 daily, 56.4 intraday). The opening range breakout is a potential short-term bounce, but the lack of fundamental catalysts and the severe technical weakness make this a low-conviction long setup. Wat

{
  "decisions": [],
  "watches": [
    {
      "kind": "news",
      "symbol": "CGNX",
      "level": 60.1,
      "at": "2026-11-03T17:40Z",
      "hours": 24,
      "priority": "review",
      "note": "CGNX is up 6.5% today, trading above all key SMAs and VWAP. However, intraday RSI is elevated at 73.7, suggesting short-term exhaustion. The news is generic earnings chatter (T2) with no specific catalyst for today's move. The setup is technically strong but lacks fundamental confirmation. I will wait for a confirmed break above 60.1 with volume to enter, or a pullback to the 59.5-59.8 support zone (SMA50/VWAP) for a better risk/reward entry. No trade at this moment due to overbought intraday conditions and lack of specific news."
    }
  ],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "CGNX",
      "text": "CGNX is the strongest technical setup: above SMA20/50/200, above VWAP, and above opening range high. Intraday RSI 73.7 is elevated. News is generic. Watch for hold above 60.1 or pullback to 59.5-59.8."
    }
  ],
  "reply": "CGNX is up 6.5% and technically strong, but intraday RSI is overbought (73.7) and news lacks a specific catalyst. I am holding off on entry until a confirmed break above 60.1 or a pullback to support."
}