Episode · the market · Nov 5, 2:15 PM

NOW: 2026-11-05T19:15Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 19:15Z setup, P1, salience 66: QCOM opening-range breakout (first 15 min): closed 158.17 above 157 on 2.2× its median minute volume today; opening range 152.31-157.

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: 0/4 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 738.42 (-2.29%), QQQ 654.99 (-5.15%), IWM 272.27, DIA 517.63, VIXY 20.27, TLT 82.06

SUBJECT QCOM
- 158.17; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
3d2fbd2811f5 [Nov 5, 10:06 AM ET | T1 anomaly | price shock | sev 62 | -0.4% since] QCOM -1.49% in 1 min (z -4.49 after removing SPY's move)
d93ca1d5ef4a [Nov 4, 4:04 PM ET | T1 sec.gov | earnings | sev 60 | -5.9% since] QCOM 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/804328/000080432826000127/0000804328-26-000127-index.htm)
fc427803a6d0 [Nov 5, 2:09 PM ET | T2 zacks.com | earnings | sev 51] QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth (https://www.zacks.com/stock/news/3024519/qcom-q4-earnings-beat-estimates-on-robust-automotive-growth?cid=CS-ZC-FT-analyst_blog|earnings_article-3024519)
</untrusted>

YOUR NOTES
- [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).
- [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).

YOUR WATCHES
- 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.
- d484b6a5-1ef2-4fc3-937c-9d1ee67ec740: RIOT below 14.37, until 2026-11-06T18:47Z. Note: OR low 14.37. Breakout failed if price reclaims below 14.37; review for potential short or wait for retest of 14.91-15.03 range.

{
  "decisions": [],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "QCOM",
      "text": "QCOM broke above its 15-min opening range (149.30-158.26) on heavy volume, closing at 158.17. Earnings beat was driven by +89% automotive growth and data center expansion, but handset revenues plunged 26.2%. Analyst Baird cut PT from $400 to $320. Price is below SMA20 (174.05) and SMA50 (178.14), indicating a longer-term downtrend. RSI 71.2 on 5-min chart suggests short-term overbought. The breakout lacks strong confirmation beyond the earnings beat itself, and the stock is still significantly below its 52-week high. Given the lack of strong bullish confirmation and the technical setup being a bounce in a downtrend, I will not enter. I will watch for a retest of the opening range high (158.26) as support or a break below the opening range low (149.30) for further downside."
    }
  ],
  "reply": "QCOM broke its opening range on earnings, but the move is a bounce in a downtrend with mixed catalysts (auto growth vs. handset plunge) and an analyst PT cut. No entry; watching for retest of 158.26."
}