Episode · the market · Nov 10, 1:17 PM

NOW: 2026-11-10T18:17Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 18:14Z setup, P1, salience 76: WAB new session high: closed 301.04 above 300.66 on 3.8× its median minute volume today; opening range 298.12-299.28.
- 18:14Z setup, P1, salience 67: IFF opening-range breakout (first 15 min): closed 83.74 above 83.38 on 2.5× its median minute volume today; opening range 83.01-83.38.
- 18:15Z setup, P1, salience 72: CAH opening-range breakout (first 15 min): closed 276.56 above 275.41 on 3.1× its median minute volume today; opening range 274.04-275.41.
- 18:17Z setup, P1, salience 83: HURN opening-range breakout (first 15 min): closed 165.395 above 158.99 on 3.6× its median minute volume today; opening range 158.99-158.99.
- 18:17Z setup, P1, salience 62: CRUS opening-range breakout (first 15 min): closed 118.8 above 118.63 on 2.1× its median minute volume today; opening range 118.63-118.63.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $3447.57 · equity $10198.69 (+1.99%) · today -0.19% · 9 stocks, 0 options positions
- MPC: 1 shares at 383.85, now 389.635 (1.41%), 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 250.36 (0.66%), 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 195.995 (0.34%), 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.
- RVMD: 2 shares at 198.96, now 191.115 (-4.06%), stop 160.43, 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 217.0% (skipping the last month), 21.8% 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).
- S: 107 shares at 23.57, now 23.245 (-1.34%), 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 746.33 (-0.17%), 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 49.23 (-7.04%), 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 141.38 (-1.64%), 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 349.59 (-0.65%), 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 ($2549.67). 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; $3243.6 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2550); 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 746.33 (-0.85%), QQQ 669.655 (-1.34%), IWM 279.54, DIA 520.23, VIXY 18.79, TLT 80.61

SUBJECT WAB
- 301.04; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
83ec2041af0a [Nov 9, 4:05 PM ET | T2 zacks.com | earnings | sev 56] ALGT Shares Rise 12.8% Since Third-Quarter 2026 Earnings Release (https://www.zacks.com/stock/news/3026691/algt-shares-rise-12-8-since-third-quarter-2026-earnings-release?cid=CS-ZC-FT-analyst_blog|earnings_article-3026691)
> machine summary of the article: Allegiant Travel reported a Q3 2026 adjusted loss of 3 cents per share, narrowing significantly from the prior year's loss, while revenues surged 71.1% to $961.6 million. The company reaffirmed its full-year 2026 adjusted EPS outlook above $6 and targets over $140 million in annual synergies by 2029. Management expects fourth-quarter adjusted earnings between $1 and $1.50 per share, with fuel costs anticipated at $4.75 per gallon.
d4b60c7cfdce [Nov 9, 4:05 PM ET | T2 zacks.com | earnings | sev 56] LYFT Shares Decline 4.2% Since Third-Quarter 2026 Earnings Rel… [cut: 10,876 characters in all]

{
  "decisions": [],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "MARKET",
      "text": "Closing window (17:00-18:00 ET) is active. No new entries allowed. Observed setups (WAB, IFF, CAH, HURN, CRUS) are late-day breakouts without confirmed catalysts (news absent or unconfirmed anomalies). Book holds 9 stocks; no exits triggered. Cash $3447.57."
    }
  ],
  "reply": "Closing window is active; no new entries allowed. All observed setups lack confirmed catalysts. Book holds 9 stocks; no exits triggered."
}