Episode · the market · Nov 11, 12:45 PM

NOW: 2026-11-11T17:45Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 17:45Z setup, P1, salience 86: KRMN new session high: closed 44.03 above 43.94 on 6.5× its median minute volume today; opening range 43.39-43.74.
- 17:45Z setup, P1, salience 72: TENB new session high: closed 43.85 above 43.73 on 3.2× its median minute volume today; opening range 42.92-43.61.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $2889.54 · equity $10454.73 (+4.55%) · today +2.21% · 10 stocks, 0 options positions
- KORU: 4 shares at 8.36, now 8.895 (6.40%), stop 8.77, target 9.5, multi_day horizon, opened 10:01 AM ET. Thesis: KORU is the only setup with a clear, recent catalyst: raised 2026 revenue outlook to $48.0M-$48.5M and beat Q3 EPS/revenue estimates. Price broke above the 15-min opening range high (8.32) on 4.4× median volume. Technically, it is in a strong uptrend (above SMA20/50/200) with a 5-day return of +15.3% following the earnings beat. The opening range low of 8.19 provides a natural, tight stop. The move is supported by strong volume and a clear fundamental catalyst. Invalidation: Price closes below 8.61 (trailing stop).
- MPC: 1 shares at 383.85, now 395.12 (2.93%), stop 318.72, 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 254.9 (2.45%), 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 195.93 (0.30%), 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.
- SCHE: 28 shares at 35.22, now 35.285 (0.18%), stop 34.5, target 38, multi_day horizon, opened 10:52 AM ET. Thesis: SCHE broke above its 15-min opening range high (35.15) on 15.5× median volume, closing at 35.21. This is a strong technical breakout with heavy volume. No recent news in our feeds, so the move is purely technical/flow-driven. The setup is strong enough to warrant a trade based on momentum and volume. Entry: 35.21. Stop: 34.50 (below the opening range low of 35.09 and providing a ~2% risk). Target: 38.00 (approx 8% upside, R:R ~4:1). Invalidation: Price closes below 34.50 (opening range low area).
- SPY: 1 shares at 747.67, now 761.195 (1.81%), 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 50.29 (-5.06%), 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 141.93 (-1.30%), 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).
- VG: 207 shares at 12.50, now 12.655 (1.24%), stop 12.07, target 14, multi_day horizon, opened 9:52 AM ET. Thesis: VG Q3 earnings and revenues beat estimates, and management raised 2026 profit outlook citing AI power demand. Price broke above the 15-min opening range high (12.49) on 10.6× median volume. Technically, it is above SMA200 (12.82) and SMA50 (13.48) is nearby; 5-day return is +4.13%. The move is supported by a T2 analyst upgrade (Deutsche Bank) and strong volume. Invalidation: Price closes below the opening range low of 12.07. Invalidation: Price closes below 12.07 (opening range low).
- VLO: 1 shares at 352.24, now 358.295 (1.72%), 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: 4/8 entries in 24 h, 0/3 in the last hour, 3/4 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 ($2613.68). A closer stop means more shares; leave allocation_pct null.
- Risk checks: 5/8 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; $2680.45 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2614); 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 761.195 (+1.13%), QQQ 694.195 (+2.27%), IWM 283.53, DIA 523.48, VIXY 17.21, TLT 80.89

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

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

YOUR NOTES
- [MARKET, 2026-11-11T14:40Z] P2 review: Market is up (SPY +0.55%, QQQ +1.25%). No new setups presented in this brief. Holdings are stable. S is approaching its $25 target. No news triggers for long-term book positions. No action needed at this time.
- [MARKET, 2026-11-10T20:35Z] Closing window (17:00-18:00 ET) is ac… [cut: 8,977 characters in all]

{
  "decisions": [
    {
      "symbol": "KRMN",
      "action": "buy",
      "allocation_pct": null,
      "sell_pct": null,
      "stop_loss": 43.39,
      "take_profit": 48,
      "horizon": "multi_day",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "KRMN closed at 44.03, breaking above its 15-min opening range high of 43.74 on 6.5× median volume. Technically, it is in a strong short-term uptrend (above SMA20/50) with a 5-day return of +28.87% and RSI 60.6. The move is supported by heavy volume and a clear technical breakout. Invalidation: Price closes below the opening range low of 43.39.",
      "evidence": [
        "Price 44.03, OR high 43.74, OR low 43.39",
        "Volume 6.5× median",
        "SMA20 38.16, SMA50 36.01",
        "5-day return +28.87%",
        "RSI 60.6"
      ],
      "invalidation": "Price closes below 43.39 (opening range low)",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "TENB",
      "action": "buy",
      "allocation_pct": null,
      "sell_pct": null,
      "stop_loss": 42.41,
      "take_profit": 47,
      "horizon": "multi_day",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "TENB closed at 43.85, breaking above its 15-min opening range high of 43.61 on 3.2× median volume. Technically, it is above SMA50 (39.5) and SMA200 (29.65), with a 20-day return of +15%. The move is supported by heavy volume and a clear technical breakout. Invalidation: Price closes below the opening range low of 42.41.",
      "evidence": [
        "Price 43.85, OR high 43.61, OR low 42.41",
        "Volume 3.2× median",
        "SMA50 39.5, SMA200 29.65",
        "20-day return +15%",
        "RSI 51.8"
      ],
      "invalidation": "Price closes below 42.41 (opening range low)",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Bought KRMN and TENB on breakout setups with strong volume and clear technical invalidation levels. No news catalysts, so trades are purely technical/momentum-driven with tight stops below opening range lows."
}