Episode · the market · Nov 3, 2:44 PM

NOW: 2026-11-03T19:44Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 19:40Z setup, P1, salience 86: FPS new session high: closed 27.02 above 26.96 on 5.7× its median minute volume today; opening range 25.34-26.38.
- 19:41Z setup, P1, salience 79: RDAC new session high: closed 11.52 above 11.3 on 3× its median minute volume today; opening range 10.95-10.95.
- 19:41Z setup, P1, salience 62: VONV opening-range breakout (first 15 min): closed 113.53 above 113.21 on 2× its median minute volume today; opening range 113.16-113.21.

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 754.93 (-0.1%), QQQ 685.515 (-0.73%), IWM 280.455, DIA 517.45, VIXY 18.185, TLT 81.16

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

SUBJECT RDAC
- 11.56; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
7326b25fb238 [Nov 3, 9:31 AM ET | T1 movers | price shock | sev 70] RDAC +117.5% today at $11.09 (top gainer)
</untrusted>

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

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": "VONV",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 112,
      "take_profit": 116.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "VONV is in a strong daily uptrend (price above SMA20/50/200) and broke its opening range high (113.21) on 2x median volume. The move is clean with no news, suggesting a technical breakout. Entry at 113.53, stop at 112.00 (below OR low and recent support), target at 116.50 (approx 2.5% move). Reward:Risk > 1.2.",
      "evidence": [
        "Price 113.53, OR high 113.21.",
        "Daily: SMA20 112.53, SMA50 111.8, SMA200 104.7.",
        "Volume 2x median.",
        "No news catalyst."
      ],
      "invalidation": "Price closes below 113.16 (OR low) or drops below 112.00 stop.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "FPS",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 26.3,
      "take_profit": 27.8,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "FPS broke its session high (26.96) on 5.7x median volume. However, it is in a strong daily downtrend (-12.95% from SMA20) and has no news catalyst. The move is likely a short squeeze or technical bounce. Entry at 27.02, stop at 26.30 (below VWAP 26.57 and OR low 26.38), target at 27.80. Lower conviction due to lack of catalyst and downtrend.",
      "evidence": [
        "Price 27.02, session high 26.96.",
        "Daily: SMA20 31.02, SMA50 33.16.",
        "Volume 5.7x median.",
        "No news catalyst."
      ],
      "invalidation": "Price drops below 26.30 stop or closes below VWAP 26.57.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "VONV",
      "text": "Bought breakout at 113.53. Stop 112.00. Target 116.50. No news catalyst, purely technical."
    },
    {
      "subject": "FPS",
      "text": "Bought breakout at 27.02. Stop 26.30. Target 27.80. Downtrend, no catalyst, lower conviction."
    },
    {
      "subject": "RDAC",
      "text": "Skipped. +117% move on T1 news, but RSI 90 daily/70 intraday. Extreme overextension. Risk of sharp pullback. Wait for consolidation or pullback to VWAP (11.18) or SMA20 (5.66 - too far). Not a good risk/reward entry here."
    }
  ],
  "reply": "Bought VONV (breakout, technical) and FPS (breakout, technical bounce). Skipped RDAC due to extreme overextension (RSI 90) and lack of clear risk/reward after a +117% move."
}