Episode · the market · Nov 3, 2:13 PM

NOW: 2026-11-03T19:13Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 19:09Z setup, P1, salience 70: FDXF opening-range breakout (first 15 min): closed 131.56 above 131.37 on 3× its median minute volume today; opening range 126.77-131.37.
- 19:10Z setup, P1, salience 85: TYL new session high: closed 409.805 above 409.33 on 4.9× its median minute volume today; opening range 394.3-397.26.
- 19:10Z setup, P1, salience 72: INTU new session high: closed 350.32 above 349.92 on 3.3× its median minute volume today; opening range 340.75-346.89.
- 19:13Z setup, P1, salience 66: DPZ opening-range breakout (first 15 min): closed 323.85 above 322.21 on 2.3× its median minute volume today; opening range 318.4-322.21.
- 19:13Z setup, P1, salience 63: PNW new session high: closed 108.09 above 107.79 on 2.1× its median minute volume today; opening range 105.29-106.4.

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 755.38 (-0.04%), QQQ 686.14 (-0.64%), IWM 280.725, DIA 517.66, VIXY 18.22, TLT 81.12

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

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

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

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

SUBJECT PNW
- 108.09; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
4b5e84c28501 [Nov 3, 8:17 AM ET | T1 sec.gov | earnings | sev 60] PNW 8-K: 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure (https://www.sec.gov/Archives/edgar/data/764622/000076462226000051/0000764622-26-000051-index.htm)
d23569476e94 [Nov 3, 11:54 AM ET | T2 benzinga.com | earnings | sev 51 | +0.7% since] Pinnacle West Capital Q3 2026 Earnings Call Transcript (https://www.benzinga.com/news/26/11/62830984/pinnacle-west-capital-q3-2026-earnings-call-transcript)
</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": "TYL",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 399.39,
      "take_profit": 424.39,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "TYL broke above its opening range (393.97-402.32) and new session high (409.33) on 4.9x median volume. Price is above VWAP (404.82) and EMAs. RSI 69.8 is strong but not exhausted. No news catalyst, but the volume and price action are compelling. Stop at 399.39 (below VWAP and opening range high). Target 424.39 (+3.6%). Reward:risk > 1.2. Conviction 7 due to strong volume and technicals, but no fundamental catalyst.",
      "evidence": [
        "Price 409.39, OR 393.97-402.32",
        "Volume 4.9x median",
        "VWAP 404.82",
        "RSI 69.8",
        "No news in 24h"
      ],
      "invalidation": "Price closes below VWAP (404.82) or opening range high (402.32).",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "FDXF",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 127.56,
      "take_profit": 136.56,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "FDXF broke above its opening range (126.25-131.37) on 3x median volume. Price is above VWAP (128.95) and EMAs. RSI 71.1 is elevated but acceptable for a breakout. No news catalyst. Stop at 127.56 (below VWAP). Target 136.56 (+3.8%). Reward:risk > 1.2. Conviction 6 due to lack of catalyst and elevated RSI.",
      "evidence": [
        "Price 131.56, OR 126.25-131.37",
        "Volume 3x median",
        "VWAP 128.95",
        "RSI 71.1",
        "No news in 24h"
      ],
      "invalidation": "Price closes below VWAP (128.95) or opening range high (131.37).",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Evaluated 5 setups. Entered TYL and FDXF on opening-range breakouts with heavy volume. Both lack fundamental catalysts, so conviction is moderate (7 and 6). Stops are set below VWAP and opening range highs. Targets are set for 3-4% moves. Closed positions will be flat by the close."
}