Episode · the market · Nov 6, 2:35 PM

NOW: 2026-11-06T19:35Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 19:35Z setup, P1, salience 86: FRVO new session high: closed 8.83 above 8.82 on 6.4× its median minute volume today; opening range 7.99-8.25.
- 19:35Z setup, P1, salience 85: QBTS new session high: closed 10.655 above 10.64 on 4.8× its median minute volume today; opening range 9.27-9.68.
- 19:35Z setup, P1, salience 63: BR opening-range breakout (first 15 min): closed 189.7 above 189.05 on 2.1× its median minute volume today; opening range 186.9-189.05.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9901.35 · equity $9901.35 (-0.99%) · today +0% · 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 ($2475.34); 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; $9703.32 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 737.665 (-3.79%), QQQ 658.175 (-4.84%), IWM 273.91, DIA 513.68, VIXY 20.36, TLT 82.03

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

SUBJECT QBTS
- 10.655; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
8d3e73b8c165 [Nov 5, 3:13 PM ET | T2 globenewswire.com | lawsuit | sev 39] DEADLINE ALERT for D-Wave Quantum, Inc. (QBTS) and FuelCell Energy, Inc. (FCEL): The Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions (https://www.globenewswire.com/news-release/2026/11/05/3396961/3448/en/deadline-alert-for-d-wave-quantum-inc-qbts-and-fuelcell-energy-inc-fcel-the-law-offices-of-howard-g-smith-reminds-investors-of-opportunity-to-lead-securities-fraud-class-actions.html)
b2e75c1c853f [Nov 5, 6:06 PM ET | T2 globenewswire.com | lawsuit | sev 34] D-WAVE CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. and Encourages Investors to Contact the Firm (https://www.globenewswire.com/news-release/2026/11/05/3397255/0/en/d-wave-class-action-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-and-encourages-investors-to-contact-the-firm.html)
</untrusted>

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

YOUR NOTES
- [MARKET, 2026-11-06T13:15Z] October Jobs report drops at 08:30 ET (15 min). Market is closed; new buys blocked until open. Will wait for the data release and initial volatility to settle before evaluating intraday or swing setups. Watches for VCRM and JMUB remain active.
- [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).

YOUR WATCHES
- d807beba-6ef7-48b5-bb75-5d10b262095a: USAR above 8.3, until 2026-11-07T19:25Z. Note: USAR breakout on 3.3x vol lacks a direct catalyst (news cites MP Materials, not USAR). Price trades below SMA20/50/200 with RSI 67.5. Late session (15:24 ET) limits intraday upside; overnight conviction is below the 8/10 threshold required. I will monitor for a confirmed follow-through or sector cat

{
  "decisions": [
    {
      "symbol": "FRVO",
      "action": "buy",
      "allocation_pct": 5,
      "sell_pct": 100,
      "stop_loss": 8.61,
      "take_profit": 9.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "FRVO closed at 8.83, breaking above its 8.82 threshold on 6.4x median volume. Price is above VWAP (8.53) and EMAs (8.77/8.71), with RSI at 65.9, showing strong momentum. No news catalyst, but the volume and price action are decisive. Stop at 8.61 (below VWAP and 2.5% below entry). Target 9.50 (approx 7.5% gain, R:R > 1.2).",
      "evidence": [],
      "invalidation": "Price falls below VWAP (8.53) or 8.61 stop.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "QBTS",
      "action": "buy",
      "allocation_pct": 5,
      "sell_pct": 100,
      "stop_loss": 10.39,
      "take_profit": 11.3,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "QBTS closed at 10.655, breaking above 10.64 on 4.8x volume. Price is above VWAP (10.21) and EMAs (10.58/10.51). However, two T2 lawsuit alerts (sev 39/34) filed yesterday create uncertainty. I am sizing conservatively (5%) and setting a tight stop (2.5%) to manage the news risk. Target 11.30 (approx 6% gain).",
      "evidence": [],
      "invalidation": "Price falls below VWAP (10.21) or 10.39 stop.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "FRVO",
      "text": "Broke out on 6.4x vol, no news. Entered intraday."
    },
    {
      "subject": "QBTS",
      "text": "Broke out on 4.8x vol, but T2 lawsuit alerts filed yesterday. Entered small size (5%) with tight stop."
    }
  ],
  "reply": "Bought FRVO (5%) on a high-volume breakout above 8.82. Bought QBTS (5%) on a breakout, but sized small due to recent lawsuit alerts. Both are intraday positions with stops below VWAP."
}