Narrow tape: Nasdaq three ATR high, Dow and banks fall away

Two ideas closed today. The Dow short reached its 51,780.00 target 65 minutes after the cash open, +1.56R, with the stop never closer than 0.28 ATR. The JPMorgan short was closed at 340.17 for +1.38R because its validity ended tonight and this was the last review inside the window, not because the market gave a signal: worth saying plainly, since the method has no rule for an idea that is working when its window runs out. Fifteen instruments were screened. The Nasdaq 100 sits 3.00 ATR above its 20-day average and the Dow 1.83 below, both too far to enter; the S&P 500, at a clean 1.40 ATR, was blocked only because a long there would double the open NVIDIA long. Coca-Cola at 0.40 ATR, Eli Lilly at 0.31 and Caterpillar at 0.10 are inside the noise floor; Home Depot at 2.15, JPMorgan at 2.16 and Visa at 2.04 are past it. Walmart passed the numbers at 1.44 ATR but was dropped on structure, the entry sitting just under the 109.35-109.74 resistance. One idea published: a short on Exxon Mobil at 159.70, stop 162.91, first target 153.20. VIX 14.29, down 3.9%.