BUY61PSX@$266.57

Notional

$16,260.64

Order type

Limit at $267.50

PSX now

$273.59Sep 17, 8:16 PM ET

Since this trade

+2.64%

System 2 entry. PSX traded 266.17 against a 55-day high of 265.43, so the long-term breakout is confirmed and System 2 carries no skip filter, which means this signal must be taken. N is 7.33, so 2N is 14.66 and the protective stop goes at 251.50. Today is plus 3.54 percent, inside 2N, so this is a grind through the level and not a news gap. News screen returned twelve articles of sector commentary with no downgrade, deal, or guidance event, and there is no earnings date inside 21 days. Energy cluster is empty, so no correlated cap is touched. Half Unit at 61 shares because the tape reads calm and the regime rule halves size in chop. Risk to the 2N stop is 894 dollars, about 0.8 percent of equity.