Episode · the market · Nov 4, 3:25 PM

NOW: 2026-11-04T20:25Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 20:21Z setup, P1, salience 76: CMG new session high: closed 35.025 above 34.99 on 3.8× its median minute volume today; opening range 34.28-34.8.
- 20:21Z setup, P1, salience 71: RPRX opening-range breakout (first 15 min): closed 67.26 above 67.02 on 3× its median minute volume today; opening range 66.13-67.02.
- 20:21Z setup, P1, salience 68: XBI opening-range breakout (first 15 min): closed 157.895 above 157.73 on 2.8× its median minute volume today; opening range 156.83-157.73.
- 20:22Z setup, P1, salience 85: CNC new session high: closed 76.52 above 76.24 on 4.8× its median minute volume today; opening range 70.61-72.27.
- 20:22Z setup, P1, salience 63: MOH new session high: closed 230.74 above 230.36 on 2.1× its median minute volume today; opening range 219.05-221.17.
- 20:23Z setup, P1, salience 64: AMGN new session high: closed 480.93 above 480.14 on 2.3× its median minute volume today; opening range 469.5-476.9.
- 20:24Z setup, P1, salience 86: ATO new session high: closed 175.35 above 175.1 on 12.5× its median minute volume today; opening range 174.43-174.43.
- 20:24Z setup, P1, salience 80: BBIO new session high: closed 77.27 above 77.19 on 4.4× its median minute volume today; opening range 75.05-75.35.
- 20:24Z setup, P1, salience 79: IBRX new session high: closed 8.6 above 8.59 on 4.2× its median minute volume today; opening range 8.35-8.53.
- 20:24Z setup, P1, salience 67: ASND new session high: closed 256.4 above 255.49 on 2.5× its median minute volume today; opening range 252.7-252.7.
- 20:24Z setup, P1, salience 67: MOS new session high: closed 21.445 above 21.41 on 2.6× its median minute volume today; opening range 18.45-19.28.
- 20:25Z setup, P1, salience 86: BMY opening-range breakout (first 15 min): closed 63.77 above 63.62 on 17.3× its median minute volume today; opening range 63.17-63.62.
- 20:25Z setup, P1, salience 63: EXEL new session high: closed 73.2 above 73.12 on 2.1× its median minute volume today; opening range 72-72.81.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $8966.89 · equity $9899.13 (-1.01%) · today -0.01% · 2 stocks, 0 options positions
- BUG: 10 shares at 47.15, now 47.215 (0.13%), stop 45.85, target 50.5, intraday horizon, opened 9:54 AM ET. Thesis: BUG shows the cleanest technical breakout: price 47.385 closed above OR high 46.74 on 8.1× median volume. Daily trend is constructive (SMA50 > SMA20, price above SMA200), RSI 48.1 is neutral, and ATR 1.99 allows a tight stop. No negative news; the move is volume-driven. Intraday horizon with stop at 45.85 (-3.2%) and target at 50.50 (+7.1%) gives >2:1 R:R. Invalidation: Price closes below VWAP 47.01 or breaks below 46.00 (OR low).
- SNX: 2 shares at 230.18, now 230.03 (-0.05%), stop 222, target 245, intraday horizon, opened 9:54 AM ET. Thesis: SNX broke its 15-min OR high 228.91 on massive 15.2× volume, signaling strong institutional interest. Price 229.49 is above VWAP 228.71. However, daily trend is weak (below SMA20/50, RSI 35.1), making this a reversal play. Stop at 222.00 (-3.2%) and target at 245.00 (+6.7%) offer >2:1 R:R. High volume suggests follow-through, but weak daily trend limits conviction. Invalidation: Price closes below 225.12 (OR low) or VWAP 228.71.

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, 2/4 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 ($2474.78); 2/8 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; $8768.91 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 767.685 (+1.58%), QQQ 692.595 (+0.3%), IWM 283.55, DIA 533.38, VIXY 16.335, TLT 81.64

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

SUBJECT RPRX
- 67.34; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
c7fa69f4d755 [Nov 4, 7:39 AM ET | T1 sec.gov | earnings | sev 60] RPRX 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1802768/000180276826000026/0001802768-26-000026-index.htm)
7c81bf8b0365 [Nov 4, 9:42 AM ET | T1 anomaly | price shock | sev 56 | +1.4% since] RPRX -0.91% in 1 min (z -4.04 after removing SPY's move)
</untrusted>

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

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

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

SUBJECT AMGN
- 481.69; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
fdfe36348f2f [Nov 4, 9:45 AM ET | T1 anomaly | price shock | sev 60 | +2.2% since] AMGN +4.90% in 15 min (z 4.38 after removing SPY's move)
c81b7ee29478 [Nov 3, 4:06 PM ET | T1 sec.gov | earnings | sev 60] AMGN 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/318154/000031815426000153/0000318154-26-000153-index.htm)
c4f227125801 [Nov 4, 2:08 PM ET | T2 zacks.com | earnings | sev 56] Teva Q3 Earnings Beat Estimates, 2026 Revenue View Raised, Stock Up (https://www.zacks.com/stock/news/3023166/teva-q3-earnings-beat-estimates-2026-revenue-view-raised-stock-up?cid=CS-ZC-FT-analyst_blog|earnings_article-3023166)
> machine summary of the article: Teva reported Q3 2026 adjusted EPS of 86 cents and revenues of $4.40 billion, beating estimates. The company raised its 2026 revenue guidance to $16.7-$17.0 billion and increased forecasts for key branded drugs like Austedo and Ajovy. Shares rose 3% following the results, with year-to-date gains of 34.3%.
</untrusted>

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

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

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

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

SUBJECT MOS
- 21.425; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
79395b51f5b9 [Nov 3, 4:34 PM ET | T1 sec.gov | earnings | sev 60] MOS 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1285785/000128578526000139/0001285785-26-000139-index.htm)
eec794551bd6 [Nov 4, 12:10 PM ET | T2 benzinga.com | earnings | sev 56 | +5.9% since] Mosaic Q3 2026 Earnings Call Transcript (https://www.benzinga.com/news/26/11/62876675/mosaic-q3-2026-earnings-call-transcript)
</untrusted>

SUBJECT BMY
- 63.77; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
c4f227125801 [Nov 4, 2:08 PM ET | T2 zacks.com | earnings | sev 56] Teva Q3 Earnings Beat Estimates, 2026 Revenue View Raised, Stock Up (https://www.zacks.com/stock/news/3023166/teva-q3-earnings… [cut: 9,886 characters in all]

{
  "decisions": [
    {
      "symbol": "CNC",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 74.5,
      "take_profit": 80,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "CNC is at a new session high (76.62) on 4.8× median volume, breaking above its opening range (70.61-72.27). Daily trend is strongly constructive (price above SMA20/50/200, SMA50>SMA20). RSI 69 is strong but not yet overbought on the daily. ATR 3.16 allows a stop at 74.50 (-2.8%) with a target at 80.00 (+4.4%), offering >1.5:1 R:R. No news, but the volume and price action are decisive.",
      "evidence": [
        "Price 76.62 above OR high 72.27",
        "Volume 4.8× median",
        "Daily SMA20 68.92, SMA50 66.41, SMA200 55.71",
        "RSI 69.1, ATR 3.16"
      ],
      "invalidation": "Price closes below VWAP 73.91 or breaks below 72.27 (OR low).",
      "structure_id": "CNC_BUY_1104_2026",
      "option": null
    },
    {
      "symbol": "BMY",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 62,
      "take_profit": 66,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "BMY broke its 15-min OR high (63.62) on massive 17.3× volume, closing at 63.77. Daily trend is positive (price above SMA20/50/200). RSI 58 is healthy. ATR 1.63 allows a stop at 62.00 (-2.8%) with a target at 66.00 (+3.5%), offering >1.2:1 R:R. The Teva news in the feed is likely a misattribution or unrelated, as BMY is a large cap pharma with no specific catalyst reported. The volume-driven breakout is the primary signal.",
      "evidence": [
        "Price 63.77 above OR high 63.62",
        "Volume 17.3× median",
        "Daily SMA20 60.75, SMA50 62.53, SMA200 60.06",
        "RSI 58, ATR 1.63"
      ],
      "invalidation": "Price closes below VWAP 63.18 or breaks below 63.17 (OR low).",
      "structure_id": "BMY_BUY_1104_2026",
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "CNC",
      "text": "Bought at 76.62. Stop 74.50, Target 80.00. Intraday. Watch for follow-through after 4.8× volume breakout."
    },
    {
      "subject": "BMY",
      "text": "Bought at 63.77. Stop 62.00, Target 66.00. Intraday. Watch for follow-through after 17.3× volume breakout."
    }
  ],
  "reply": "Bought CNC (2.5% allocation) on a high-volume session high breakout with strong daily trend. Bought BMY (2.5% allocation) on a massive volume OR breakout. Both are intraday positions with tight stops and targets. Existing positions BUG and SNX are held."
}