Episode · the market · Nov 3, 1:48 PM

NOW: 2026-11-03T18:48Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 18:47Z setup, P1, salience 75: IONQ opening-range breakout (first 15 min): closed 30.065 above 29.99 on 3.6× its median minute volume today; opening range 29-29.99.

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 756.17 (+0.06%), QQQ 687.295 (-0.47%), IWM 281.1, DIA 517.87, VIXY 18.065, TLT 81.11

SUBJECT IONQ
- 30.05; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
532b69ebd8f6 [Nov 2, 6:02 PM ET | T2 zacks.com | earnings | sev 51] Quantum Stocks Plunge in October: Can Q3 Earnings Halt the Slide? (https://www.zacks.com/stock/news/3021061/quantum-stocks-plunge-in-october-can-q3-earnings-halt-the-slide?cid=CS-ZC-FT-analyst_blog|investment_ideas-3021061)
</untrusted>

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": [
    {
      "symbol": "IONQ",
      "action": "buy",
      "allocation_pct": 4.5,
      "sell_pct": 100,
      "stop_loss": 29.3,
      "take_profit": 33,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "IONQ broke above its 15-minute opening range (29.00-29.99) at 30.065 on 3.6× median volume. Price is above VWAP (29.76) and EMA9/21 (29.94/29.89), confirming intraday momentum. Daily trend is strongly bearish (-28% from high), but the breakout is clean with no major news catalyst, relying on technicals and volume. The setup is a classic opening-range breakout with strong relative volume. Stop at 29.30 (below the breakout level and near the opening range low). Target at 33.00 (near SMA20 at 33.08). Reward:risk is >1.2. Options are not preferred as the move is intraday and the stock is already volatile; shares are more direct. No fundamental catalyst from the news feed (generic earnings slide commentary), so this is a pure technical play. Size at 4.5% of equity ($445.50) to allow for a reasonable position size with a tight stop.",
      "evidence": [],
      "invalidation": "Price falls back below 29.99 (opening range high) or 29.30 (stop).",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "IONQ",
      "text": "Broke opening range 29.00-29.99 at 30.065 on heavy volume. Daily trend is bearish (SMA20 33.08, SMA50 37.65, SMA200 41.84). Intraday momentum is positive (above VWAP 29.76, EMA9/21 up). No specific news catalyst. Stop at 29.30, target at 33.00. Intraday horizon."
    }
  ],
  "reply": "IONQ broke its opening range on heavy volume with price above VWAP and EMAs. Entered a long position with a stop at 29.30 and target at 33.00. No fundamental catalyst, so this is a technical breakout play."
}