Episode · the market · Nov 6, 10:21 AM

NOW: 2026-11-06T15:21Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 15:17Z setup, P1, salience 89: IP opening-range breakout (first 15 min): closed 34.38 above 34.1 on 6× its median minute volume today; opening range 33.58-34.1.
- 15:17Z setup, P1, salience 88: GRID opening-range breakout (first 15 min): closed 154.81 above 153.85 on 7× its median minute volume today; opening range 153.51-153.85.
- 15:17Z setup, P1, salience 87: KO opening-range breakout (first 15 min): closed 95.36 above 94.11 on 4.4× its median minute volume today; opening range 93.53-94.11.
- 15:17Z setup, P1, salience 86: VXUS opening-range breakout (first 15 min): closed 81.155 above 80.93 on 5.9× its median minute volume today; opening range 80.61-80.93.
- 15:17Z setup, P1, salience 86: IHI opening-range breakout (first 15 min): closed 58.04 above 57.9 on 6.8× its median minute volume today; opening range 57.52-57.9.
- 15:18Z setup, P1, salience 88: BN opening-range breakout (first 15 min): closed 41.59 above 41.32 on 5× its median minute volume today; opening range 40.87-41.32.
- 15:18Z setup, P1, salience 86: ACWX opening-range breakout (first 15 min): closed 72.215 above 72 on 22× its median minute volume today; opening range 71.73-72.
- 15:18Z setup, P1, salience 78: ZION opening-range breakout (first 15 min): closed 65.115 above 64.52 on 3.5× its median minute volume today; opening range 64.29-64.52.
- 15:18Z setup, P1, salience 77: SPHR opening-range breakout (first 15 min): closed 117.72 above 111 on 2.7× its median minute volume today; opening range 110.05-111.
- 15:18Z setup, P1, salience 76: ALB opening-range breakout (first 15 min): closed 100.175 above 99.23 on 3.2× its median minute volume today; opening range 96.39-99.23.
- 15:19Z setup, P1, salience 90: ALK opening-range breakout (first 15 min): closed 39.525 above 39.15 on 7.1× its median minute volume today; opening range 38.75-39.15.
- 15:19Z setup, P1, salience 88: MPLX opening-range breakout (first 15 min): closed 55.73 above 55.42 on 5.1× its median minute volume today; opening range 55.15-55.42.
- 15:19Z setup, P1, salience 86: RH opening-range breakout (first 15 min): closed 136.05 above 134.28 on 4.3× its median minute volume today; opening range 132.94-134.28.
- 15:19Z setup, P1, salience 84: VYLR opening-range breakout (first 15 min): closed 69.7 above 69.51 on 4.7× its median minute volume today; opening range 68.49-69.51.
- 15:19Z setup, P1, salience 71: OTIS opening-range breakout (first 15 min): closed 79.32 above 78.51 on 2.6× its median minute volume today; opening range 78.14-78.51.
- 15:20Z setup, P1, salience 92: PNC opening-range breakout (first 15 min): closed 227.72 above 224.73 on 12.3× its median minute volume today; opening range 224.73-224.73.
- 15:20Z setup, P1, salience 90: CACI opening-range breakout (first 15 min): closed 593.215 above 586.92 on 15.8× its median minute volume today; opening range 581.91-586.92.
- 15:20Z setup, P1, salience 89: ARES opening-range breakout (first 15 min): closed 134.92 above 133.75 on 5.1× its median minute volume today; opening range 132.41-133.75.
- 15:20Z setup, P1, salience 86: SCI opening-range breakout (first 15 min): closed 74.27 above 74.09 on 7.9× its median minute volume today; opening range 73.7-74.09.
- 15:20Z setup, P1, salience 86: KRMN opening-range breakout (first 15 min): closed 40.295 above 37 on 3.8× its median minute volume today; opening range 34.37-37.
- 15:21Z setup, P1, salience 95: HSIC opening-range breakout (first 15 min): closed 86.7 above 84.72 on 6.2× its median minute volume today; opening range 84.26-84.72.
- 15:21Z setup, P1, salience 94: AGCO opening-range breakout (first 15 min): closed 111.3 above 109.35 on 7.6× its median minute volume today; opening range 109.16-109.35.
- 15:21Z setup, P1, salience 90: COO opening-range breakout (first 15 min): closed 62.69 above 62.1 on 5.4× its median minute volume today; opening range 61.59-62.1.
- 15:21Z setup, P1, salience 86: KBWB opening-range breakout (first 15 min): closed 88.55 above 88.33 on 13.8× its median minute volume today; opening range 87.49-88.33.
- 15:21Z setup, P1, salience 85: APP opening-range breakout (first 15 min): closed 373.66 above 367.43 on 4× its median minute volume today; opening range 352.86-367.43.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9795.13 · equity $9901.67 (-0.98%) · today +0.01% · 1 stocks, 0 options positions
- TNA: 2 shares at 52.95, now 53.255 (0.60%), stop 51.84, target 55.5, intraday horizon, opened 9:47 AM ET. Thesis: TNA shows the cleanest intraday breakout among the 5 candidates: price closed 53.115 above the 15-min OR high of 52.85 on 5.8× median volume, with a tight 51.84-53.13 range and no negative news. Daily trend is down but RSI 39.7 is not oversold, and the 5-day decline (-7.8%) is modest. Entry at ~53.12, stop at OR low 51.84 (2.4% risk), target 55.50 (4.4% reward, R:R ~1.8). Size 2.5% of equity ($247.50) to keep risk small in a volatile market (-3.5% SPY). Invalidation: Reclaim below 52.85 (OR high) or a broad market selloff accelerating.

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 3/4 entries in 24 h, 1/2 in the last hour, 1/4 open; $884 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 ($2475.42); 1/8 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; $9597.1 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 740.73 (-3.39%), QQQ 661.285 (-4.39%), IWM 272.94, DIA 514.77, VIXY 19.67, TLT 81.83

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

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

SUBJECT KO
- 95.25; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
5d3047762aab [Nov 5, 4:12 PM ET | T2 zacks.com | guidance | sev 55] PepsiCo Lowers 2026 EPS Outlook as North America Pressures Margins (https://www.zacks.com/stock/news/3024731/pepsico-lowers-2026-eps-outlook-as-north-america-pressures-margins?cid=CS-ZC-FT-analyst_blog_plus|zer_report_insights-3024731)
> machine summary of the article: PepsiCo lowered its 2026 core EPS growth outlook to 2.5-3.5% and core constant-currency EPS growth to 1-2%, citing persistent North American margin pressures. The company reported that Foods North America's core operating margin fell 280 basis points, while international organic revenues grew 8% in the third quarter. Management expects North American margin pressure to persist in the fourth quarter, limiting visibility on a faster earnings recovery.
f49083ab5803 [Nov 5, 4:12 PM ET | T2 zacks.com | earnings | sev 51] Is PepsiCo a Buy or a Wait as Value Clashes With Slower EPS Growth? (https://www.zacks.com/stock/news/3024730/is-pepsico-a-buy-or-a-wait-as-value-clashes-with-slower-eps-growth?cid=CS-ZC-FT-analyst_blog_plus|zer_report_insights-3024730)
</untrusted>

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

SUBJECT IHI
- 58.09; technicals: use the tool… [cut: 14,706 characters in all]

{
  "decisions": [
    {
      "symbol": "KRMN",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 37,
      "take_profit": 45,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "KRMN shows a strong opening-range breakout (closed 40.295 above 37.00 high) on 3.8× median volume, supported by confirmed Q3 earnings results (SEC 8-K) and analyst upgrades. The move is fundamental-driven, not just technical. Entry at ~40.30, stop at OR low 37.00 (3.0% risk), target 45.00 (11.4% reward, R:R ~3.8).",
      "evidence": [],
      "invalidation": "Reclaim below 37.00 (OR high) or broad market selloff accelerating.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "PNC",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 224.73,
      "take_profit": 235,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "PNC broke its opening range (closed 227.72 above 224.73) on massive 12.3× volume. The news is a routine executive departure (8-K), which is neutral-to-slightly positive as it implies smooth succession. The volume surge suggests institutional positioning. Entry at ~227.70, stop at OR high 224.73 (1.3% risk), target 235.00 (3.2% reward, R:R ~2.5).",
      "evidence": [],
      "invalidation": "Reclaim below 224.73 (OR high) or broad market selloff accelerating.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "TNA",
      "action": "hold",
      "allocation_pct": 0,
      "sell_pct": 0,
      "stop_loss": 51.84,
      "take_profit": 55.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 0,
      "rationale": "Holding existing TNA position. Price 53.255 is above entry and stop. No new action needed.",
      "evidence": [],
      "invalidation": "Reclaim below 52.85 (OR high) or broad market selloff accelerating.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Bought KRMN and PNC on strong volume breakouts with fundamental support (earnings/analyst upgrades) and routine executive changes respectively. Held TNA. Market is weak (-3.39% SPY), so intraday exits are expected by code."
}