Episode · the market · Nov 5, 10:31 AM

NOW: 2026-11-05T15:31Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 15:27Z setup, P1, salience 86: IEI opening-range breakout (first 15 min): closed 115.23 above 115.06 on 5.3× its median minute volume today; opening range 114.96-115.06.
- 15:27Z setup, P1, salience 70: RSG opening-range breakout (first 15 min): closed 252.375 above 247.86 on 2× its median minute volume today; opening range 247.86-247.86.
- 15:27Z setup, P1, salience 66: APP opening-range breakout (first 15 min): closed 358.04 above 356.34 on 2.4× its median minute volume today; opening range 341.4-356.34.
- 15:27Z setup, P1, salience 64: SJM opening-range breakout (first 15 min): closed 134.25 above 134.05 on 2.3× its median minute volume today; opening range 133.93-134.05.
- 15:28Z setup, P1, salience 65: ACN opening-range breakout (first 15 min): closed 270.04 above 269.44 on 2.3× its median minute volume today; opening range 266.38-269.44.
- 15:30Z setup, P1, salience 83: WEX opening-range breakout (first 15 min): closed 186.25 above 183.97 on 3.9× its median minute volume today; opening range 182.54-183.97.
- 15:30Z setup, P1, salience 67: LHX opening-range breakout (first 15 min): closed 261.93 above 261.04 on 2.6× its median minute volume today; opening range 257.32-261.04.
- 15:31Z setup, P1, salience 87: KOLD opening-range breakout (first 15 min): closed 32.71 above 32.59 on 5× its median minute volume today; opening range 32.52-32.59.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9896.37 · equity $9896.37 (-1.04%) · today +0% · 0 stocks, 0 options positions
- no stock positions

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 1/4 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 ($2474.09); 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; $9698.44 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2474); 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 748.04 (-1.02%), QQQ 660.33 (-4.37%), IWM 278.13, DIA 525.2, VIXY 19.2402, TLT 81.735

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

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

SUBJECT APP
- 358.71; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
e3ae05b07740 [Nov 4, 4:09 PM ET | T1 sec.gov | earnings | sev 60 | +15.4% since] APP 8-K: 2.02 Results of Operations and Financial Condition; 5.07 Submission of Matters to a Vote of Security Holders (https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/0001751008-26-000068-index.htm)
448f8caa0484 [Nov 5, 9:06 AM ET | T2 newsfilecorp.com | offering | sev 55] Global Compliance Applications Corp. Provides Corporate Update and Closes Private Placement (https://www.newsfilecorp.com/release/322427/Global-Compliance-Applications-Corp.-Corporate-Update-on-Strategic-Initiatives-Partnerships-Product-Development-Closes-2nd-Tranche-of-Private-Placement-and-Announces-New-Financing)
> machine summary of the article: Global Compliance Applications Corp. (GCAC) reported closing the second tranche of its private placement and announced new financing. The company outlined strategic discussions with RevoluGROUP Canada Inc. and progress on a digital bond initiative with CTG, while advancing an MOU with Instacash for coupon technology integration. Additionally, GCAC is developing blockchain-based e-waste management solutions and evaluating potential acquisitions to support its financial technology network.
f2a76aeeb296 [Nov 5, 6:31 AM ET | T2 benzinga.com | guidance | sev 55] AppLovin Rallies 16% After Earnings, Revenue Beat and Strong Guidance (https://www.benzinga.com/trading-ideas/movers/26/11/62908812/applovin-rallies-16-after-earnings-revenue-beat-and-strong-guidance)
</untrusted>

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

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

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

SUBJECT LHX
- 261.93; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
c34a18abe369 [Nov 4, 4:22 PM ET | T1 sec.gov | offering | sev 65] LHX 424B5: L3HARRIS TECHNOLOGIES, INC. /DE/ (https://www.sec.gov/Archives/edgar/data/202058/000110465926122699/0001104659-26-122699-index.htm)
</untrusted>

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

YOUR NOTES
- [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).
- [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).

YOUR WATCHES
- 170ab534-33c4-4c09-b640-12157bc87bb6: MCD below 280.19, until 2026-11-06T15:07Z. Note: MCD breakout setup. Watch for retest of 280.19 (OR high) or further upside. No news catalyst found in last 24h.
- 3660af25-b700-4bd3-b441-bd87fc7128b8: NVD below 4.89, until 2026-11-06T15:07Z. Note: NVD breakout setup. Watch for retest of 4.89 (OR high). No news catalyst found in last 24h.
- 4df43c6f-1ba5-489a-8a55-70cd6675cc83: PAYC below 255.03, until 2026-11-06T15:07Z. Note: PAYC breakout setup. Watch for retest of 255.03 (OR high). Earnings reported Nov 4, 8-K filed. Anomaly noted.

{
  "decisions": [
    {
      "symbol": "IEI",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 112.35,
      "take_profit": 118,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "IEI broke above its 15-minute opening range (114.96-115.06) on 5.3× median volume, closing at 115.23. Price is above SMA20 (114.39) and SMA50 (114.44), with RSI at 61.9, indicating healthy momentum without being overextended. The 20-day range (113.03-115.35) shows this is a new short-term high. No news catalyst, but the volume and clean breakout above the OR high justify a long-only intraday entry. Stop at 112.35 (2.5% below entry) protects against a false breakout. Target at 118.00 offers a 1:1.2 reward:risk.",
      "evidence": [],
      "invalidation": "A close below the opening range low of 114.96 would invalidate the breakout thesis.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "WEX",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 181.5,
      "take_profit": 191.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "WEX broke above its 15-minute opening range (182.29-185.20) on 3.9× median volume, closing at 186.25. Price is above SMA20 (183.95) and SMA50 (184.74), with RSI at 52.9, suggesting room for upside. The 20-day range (170.80-198.35) shows this is a new short-term high. No news catalyst, but the strong volume and clean breakout justify a long-only intraday entry. Stop at 181.50 (2.5% below entry) protects against a false breakout. Target at 191.50 offers a 1:1.2 reward:risk.",
      "evidence": [],
      "invalidation": "A close below the opening range low of 182.29 would invalidate the breakout thesis.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Evaluated 8 opening-range breakouts. IEI and WEX showed the strongest volume (5.3× and 3.9× median) and clean breakouts above their OR highs with healthy RSI levels. Bought IEI and WEX intraday. KOLD and APP were rejected due to lack of catalyst (KOLD) and overbought RSI (72.2) despite earnings (APP)."
}