QQQ$656.31

QQQ is -$1.29 (-0.09%) versus the 11:17 fill at 714.04, so rule 11's profitable test fails and the intraday position has to be closed. At 713.39 it is only 0.21% above VWAP 711.91, the 5-minute trend is flat, and the 724.31 target is $10.92 away with about 25 minutes left. Sell all 2 shares.

2 sh @ $713.41 ($1,426.82)

QQQ at 712.85 is -$2.39 (-0.17%) versus the 714.04 entry, but it is still 0.14% above VWAP 711.78 and $3.45 above the 709.40 stop, so the invalidation has not hit. The 724.31 target is unlikely in the last hour after a fade from 715.19, yet selling a 0.17% loser that is still above VWAP, the 709.54 opening-range high and a green SPY would be churn, not risk management.

QQQ at 713.58 is 0.46 under the 714.04 entry but still 0.26% above VWAP 711.64 and above the 709.54 opening-range high, so the 11:17 breakout is not invalidated. The 709.40 stop caps the loss near $9, and 724.31 is still the target even though it sits above the 715.19 day high. No new expression of the same beta: SPY and XLK are at or under their highs with flat 5m trends.

QQQ at 714.01 is essentially flat versus the 11:17 entry at 714.04 (−$0.05) but still 0.35% above VWAP 711.49 and above the 709.54 opening-range high, with the 709.40–724.31 bracket still about 2:1 from here. It is not up 1R (about 718.68), so there is no reason to raise the stop or to sell a working breakout into a flat tape.

QQQ at 713.37 is -0.09% versus the 714.04 entry but still about 0.3% above VWAP 711.35 and above the 709.54 opening-range high. Remaining room to the 709.40 stop is $3.97 versus $10.94 to the 724.31 target, and 1R at 718.68 has not printed, so exits stay unchanged. The 30-minute tape is flat, not broken.

QQQ at 713.67 is −0.05% versus the 714.04 entry, still 0.38% above VWAP 711.16 and above the 709.54 opening-range high, with the 709.40 stop 0.60% below. It is not at 1R (about 718.68), so the stop stays put rather than being yanked to a breakeven that is above the current price.

QQQ is only -$2.33 (-0.16%) and still +0.28% above VWAP 711.02 with a 5-minute uptrend, so the 11:17 breakout thesis is intact. It is not at 1R, so the 709.40 stop and 724.31 target stay put rather than being tightened into a flat tape.

QQQ's breakout is intact: 713.03 is 0.30% above VWAP 710.88, trend_5m is up, and the opening-range high at 709.54 remains cleared. The position is only -$1.97, not yet 1R, so the 709.40 stop stays and the 724.31 target is left alone rather than tightened into ordinary noise.

QQQ is only +0.11% from the 11:17 entry at 714.04, short of 1R near 718.68, so the 709.40 stop stays put rather than moving to breakeven. Price 714.82 is 0.60% above VWAP 710.48 and above the 709.54 opening-range high, with the 5-minute trend up and SPY still green at 766.82.

QQQ's morning trigger is met: the 705.65 low held above the 704.21 prior close, price cleared OR high 709.54, and at 714.37 it is only 0.64% above VWAP 709.83 with SPY green and VIXY -3.54%. A stop at 709.40 (under VWAP and the breakout) to a 724.31 target is 2.0:1, which fixes the 10:47 order that was rejected at 1.13:1. Semis are the stronger tape but they are at the highs, so QQQ is the cleaner expression and 18% matches a 7 conviction.

2 sh @ $714.03 ($1,428.07) · stop $709.40 · target $724.31

QQQ is the cleaner relative-strength breakout: 710.30 is above VWAP 708.34 and opening-range high 709.54, with SPY also green and VIXY down 2.98%. Stop sits under the 705.65 day low; 719.90 is inside one daily ATR (12.05) and gives 2:1. Intraday only because research flags Tuesday FOMC and the 1:00 PM auction.