Episode · the market · Nov 3, 2:28 PM

NOW: 2026-11-03T19:28Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 19:24Z setup, P1, salience 88: PURR opening-range breakout (first 15 min): closed 10.415 above 10.36 on 18.3× its median minute volume today; opening range 9.97-10.36.
- 19:25Z setup, P1, salience 87: PURR new session high: closed 10.45 above 10.42 on 12.1× its median minute volume today; opening range 9.97-10.36.
- 19:25Z setup, P1, salience 62: TRI opening-range breakout (first 15 min): closed 114.07 above 113.85 on 2× its median minute volume today; opening range 107.78-113.85.
- 19:27Z setup, P1, salience 86: CRL new session high: closed 355.915 above 355.24 on 10.9× its median minute volume today; opening range 340.58-345.77.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9900.47 · equity $9900.47 (-1%) · today +0.1% · 0 stocks, 0 options positions
- no stock positions

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, 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 ($2475.12); 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; $9702.46 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 755.485 (-0.03%), QQQ 686.25 (-0.62%), IWM 280.725, DIA 517.65, VIXY 18.155, TLT 81.19

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

SUBJECT TRI
- 114.07; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
223c8e0fb17f [Nov 3, 11:11 AM ET | T2 zacks.com | earnings | sev 56] Thomson Reuters (TRI) Q3 Earnings and Revenues Lag Estimates (https://www.zacks.com/stock/news/3021448/thomson-reuters-tri-q3-earnings-and-revenues-lag-estimates?cid=CS-ZC-FT-fundamental_analysis|yseop_template_4-3021448)
> machine summary of the article: Thomson Reuters reported Q3 earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.89, with revenues of $1.83 billion, missing estimates by 3.94%. The company holds a Zacks Rank #3 (Hold), and shares are expected to perform in line with the market. Analysts note that future price movements will depend on management's commentary. The current consensus EPS estimate is $1.28 for the coming quarter.
13b74bae6d01 [Nov 3, 10:04 AM ET | T2 benzinga.com | earnings | sev 56 | +1.9% since] Thomson Reuters Q3 2026 Earnings Call Transcript (https://www.benzinga.com/news/26/11/62824584/thomson-reuters-q3-2026-earnings-call-transcript)
ebe1947f3764 [Nov 3, 7:59 AM ET | T2 benzinga.com | guidance | sev 55] Thomson Reuters Raises 2026 Outlook As AI Gains Momentum (https://www.benzinga.com/markets/earnings/26/11/62816091/thomson-reuters-raises-2026-outlook-as-ai-gains-momentum)
</untrusted>

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

YOUR NOTES
- [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).
- [MARKET, 2026-11-03T16:23Z] Closing window. Most setups lack fundamental catalysts. No new entries.
- [MARKET, 2026-11-03T16:18Z] Multiple opening-range breakouts detected in the closing window (16:14-16:18Z). FICO, PGX, SRLN, XLF, DIA, LQDA, PKG, RBC, GL, IWN, QYLD, TYL, PFG, SWKS, AEE, NBIX, JBHT, BKLN, AVAV, VCLT, SIG, ITT, KYMR, CMS. Most are ETFs or low-float names with no specific news catalysts other than volume anomalies. The market is in the closing window; new intraday buys are generally discouraged unless conviction is very high and the setup is clean. Given the lack of fundamental catalysts for most of these br
- [MARKET, 2026-11-03T14:30Z] Inside opening buffer until 14:40Z. No new buys allowed. Will scan for opening-range breakouts and new highs on heavy volume after the buffer clears.

YOUR WATCHES
- 727531d9-a4cc-41ef-8df3-d35566505a3c: news on CGNX at severity 60+, until 2026-11-04T17:41Z. Note: CGNX is up 6.5% today, trading above all key SMAs and VWAP. However, intraday RSI is elevated at 73.7, suggesting short-term exhaustion. The news is generic earnings chatter (T2) with no specific catalyst for today's move. The setup is technically strong but lacks fundamental confirmation. I will wa
- 3a53e53f-3d30-4f2f-a074-ac871e155438: MYRG above 292.4, until 2026-11-04T17:52Z. Note: MYRG broke above its opening range but is below VWAP (289.24) and SMA20 (284.98). The T1 anomaly is unconfirmed. Wait for a retest of the breakout level or a move above VWAP with volume. No entry yet.

{
  "decisions": [],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "PURR",
      "text": "Opening-range breakout (10.415 above 10.36) and new session high (10.45 above 10.42) on massive volume (18.3x median). No news catalyst. RSI 60.2, price above VWAP (10.21) and EMA9/21. Bullish technicals but lack of fundamental confirmation and no news makes this a low-conviction setup. Closing window (19:28Z) further reduces appeal for new intraday entries. Will monitor for continuation but no entry."
    },
    {
      "subject": "TRI",
      "text": "Opening-range breakout (114.07 above 113.85) on 2x median volume. Q3 earnings missed (EPS $0.81 vs $0.89 est, Rev $1.83B vs est), but 2026 outlook raised due to AI momentum. Price above VWAP (112.47) and EMA9/21. Mixed fundamentals (miss vs raised outlook) with technical breakout. No entry due to earnings miss and closing window."
    },
    {
      "subject": "CRL",
      "text": "New session high (355.915 above 355.24) on 10.9x median volume. No news catalyst. Price well above VWAP (350.45) and EMA9/21. Strong technicals but no fundamental driver. Closing window reduces conviction. Will monitor but no entry."
    }
  ],
  "reply": "All three setups (PURR, TRI, CRL) show strong technical breakouts on heavy volume, but occur in the closing window with no fundamental catalysts (PURR, CRL) or mixed/missed earnings (TRI). No new entries are justified given the lack of conviction and session timing. Positions remain at 0 stocks, 0 options."
}