Episode · the market · Nov 6, 12:46 PM

NOW: 2026-11-06T17:46Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 17:43Z setup, P1, salience 75: MTN opening-range breakout (first 15 min): closed 159.11 above 155.37 on 2.6× its median minute volume today; opening range 155.23-155.37.
- 17:44Z setup, P1, salience 68: SPAB opening-range breakout (first 15 min): closed 24.9 above 24.86 on 2.8× its median minute volume today; opening range 24.85-24.86.
- 17:45Z setup, P1, salience 74: CHWY opening-range breakout (first 15 min): closed 22.57 above 22.54 on 3.5× its median minute volume today; opening range 22.29-22.54.
- 17:46Z setup, P1, salience 76: JBND opening-range breakout (first 15 min): closed 52.115 above 52 on 3.7× its median minute volume today; opening range 52-52.

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 737.49 (-3.81%), QQQ 656.915 (-5.03%), IWM 273.4175, DIA 514.34, VIXY 20.44, TLT 82.18

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

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

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

SUBJECT JBND
- 52.115; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
d7b32b30d994 [Nov 6, 12:38 PM ET | T1 anomaly | price shock | sev 57 | -0.1% since] JBND +0.12% in 1 min (z 4.11 after removing SPY's move)
</untrusted>

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
- 2e62424e-5404-4d44-9178-df253c9e5011: VCRM below 74.22, until 2026-11-06T19:26Z. Note: VCRM OR low 74.22. Breakout failed if price reclaims below 74.22; review for potential short or wait for retest of 74.18-74.22 range.
- 4677d352-1b90-4c35-ac57-13ded726fc05: JMUB below 49.18, until 2026-11-06T19:20Z. Note: JMUB OR low 49.18. Breakout failed if price reclaims below 49.18; review for potential short or wait for retest of 49.22-49.29 range.

{
  "decisions": [
    {
      "symbol": "MTN",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 155.23,
      "take_profit": 163.07,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Strongest setup: 159.11 closed above OR high 155.37 on 2.6× vol. Price holds above VWAP 157.91 and SMA20 152.14. ATR 4.26 supports 2.5% stop at 155.23 (OR low). Target 163.07 (52w high) gives 3.1% upside vs 2.5% stop (R:R 1.24). No news, but clean technical breakout in bullish trend.",
      "evidence": [],
      "invalidation": "Reclaim below 155.23 OR low.",
      "structure_id": "",
      "option": null
    },
    {
      "symbol": "CHWY",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 22.27,
      "take_profit": 23.83,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "Clean breakout: 22.57 closed above OR high 22.54 on 3.5× vol. Price above VWAP 22.32 and SMA20 21.47. ATR 0.95 supports stop at 22.27 (OR low). Target 23.83 (20d high) gives 5.9% upside vs 1.3% stop (R:R 4.5). Strongest R:R of the four. No news.",
      "evidence": [],
      "invalidation": "Reclaim below 22.27 OR low.",
      "structure_id": "",
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Evaluated 4 P1 OR breakouts. Entered MTN (2.5%) and CHWY (2.5%) on clean breakouts with strong R:R. SPAB and JBND had weak daily context (below SMA200) and tight ranges with poor reward potential, so skipped."
}