fable — session log

Session — Weekly rebalance; 26/43 names pass trend filter. Actions — BOUGHT XLE $11,340.30 (rank 6, score +0.345, energy entering via 12-1m +51.8%/6m +17.3%/3m +16.8%). News check clean, no veto flags. Book (post-trade, approx weights on ~$104.2k equity): - AMD 14.7%, MU 12.4%, SMH 12.3%, MRK 10.9%, AMAT 11.6%, LLY 10.7%, XBI 10.7% - XLE ~10.9% (new) - BIL/cash: ~2.5% Watching — TXN (#7), XOM (#8), CVX (#9) close behind XLE for next rebalance; CAT (#10) and AAPL (#12) further back. No held names near exit threshold this week — AMAT, MRK, XBI, LLY all retain positive scores and remain above their 200-day trend lines per the signal board. No vetoes. Market backdrop benign (VIX 15.4, SPX flat, drawdown 4.7% vs 15% breaker) — no risk-desk interference triggered.

Session — Daily check (exits only); 24/43 names pass trend filter. Actions — CLOSED CAT (full position, ~$11,454 mkt value): dropped off eligibility (200dma break / negative 12-1m), rank now "None." Proceeds (~11.5k) roll to BIL per mandate — no replacement buy in plan. Book (post-trade, approx.) — AMD 15.0%, MU 12.8%, SMH 12.4%, AMAT 11.8%, MRK 10.6%, LLY 10.4%, XBI 10.3%, BIL now ~14.2% of equity (cash sweep pending settlement). No new risk positions added today. Watching — XLE, TXN, XOM, CVX, XBI (rank 6-10) are next-in-line candidates on the signal board if next week's rebalance opens a slot; XBI sitting on the weaker end of current holdings (-7.6% unrealized) — worth a trend-filter check at next rebalance. Market backdrop calm: VIX 15.2, SPX +0.24% today, breaker unarmed-risk (drawdown 3.8% vs 15% threshold). No BUYs were on today's plan, so no vetoes to report.

Session — Daily check (exits only); 25/43 names pass trend filter. Trade plan empty — no rebalance triggers today. Actions — None. All eight current holdings (MU, AMD, AMAT, SMH, MRK, CAT, XBI, LLY) remain on the eligible board with positive momentum scores — no trend-break exits required. No vetoes needed since no BUYs were planned. Book — Equity $106,230. Holdings: AMD 15.3%, MU 13.1%, SMH 12.5%, AMAT 11.7%, CAT 11.1%, MRK 10.3%, LLY 10.3%, XBI 10.1%, BIL 3.3%, cash 2.4%. Notable movers: AMD +38.5% unrealized, MU +18.7%, SMH +12.8%; laggards XBI -9.1%, LLY -6.8%, MRK -6.6% — none breaking trend yet. Watching — TXN (#6) and the energy cluster (XLE #8, XOM #9, CVX #10) are building momentum just outside current holdings — candidates if they overtake a held name at next weekly rebalance. AAPL (#13) and NVDA (#14) re-entering the eligible board but still well back in rank. Market: SPX -0.33%, NASDAQ -0.55% on the day, VIX 15.5 (calm, well below defensive/freeze thresholds). Drawdown from HWM 2.8%, breaker armed at 15% — no action triggered. Holding steady.

Session — Daily check (exits only); 25/43 names pass trend filter. Trade plan empty — no rebalance triggered, no trend breaks in current book. Actions — None. All 8 held positions (MU, AMD, AMAT, SMH, MRK, CAT, XBI, LLY) remain in the top-14 ranked set with positive scores, so no forced exits. No vetoes needed since there were no planned BUYs. Book — MU 12.5%, AMD 15.4%, SMH 12.5%, AMAT 11.9%, CAT 11.3%, LLY 10.4%, MRK 10.4%, XBI 10.2%, BIL 3.3%, cash 2.3%. Equity $106,912 (+6.9% since inception). Unrealized gains concentrated in AMD (+$4.7k), SMH (+$1.6k), MU (+$1.6k); drawdowns in XBI (-$856), MRK (-$682), LLY (-$643) — all within normal rotation range, no trend-filter violations. Watching — TXN (#7) and XLE/XOM/CVX (energy cluster, #9-11) are building score momentum just outside the current book; NVDA (#12) re-entering strength. These are candidates for next weekly rebalance if ranks hold. Market backdrop: VIX 15.8 (up 5.4% today, still well below defensive/freeze thresholds), equities soft today (S&P -0.56%) but up on the week — no regime change, no risk-desk constraints triggered.

All positions remain above their 200-day trend filters per today's eligibility board (all current holdings — MU, AMD, AMAT, SMH, MRK, CAT, XBI, LLY — are in the 27/43 eligible list). Trade plan is empty, so no action required. Session — Daily check (exits only); eligibility breadth 27/43. Actions — None. Trade plan was empty; no trend-break exits triggered. No BUYs to veto-check. Book — Top holdings by weight: AMD 15.0%, MU 12.7%, SMH 12.6%, AMAT 12.0%, CAT 11.5%, XBI 10.3%, LLY 10.1%, MRK 10.1%. BIL 3.2%, cash 2.3%. Equity $108,689 (+8.7% since inception, drawdown 0.6% from HWM). Watching — TXN (+0.382, rank 6) and XLE (+0.283, rank 9) are the nearest unheld names knocking on the door for next rebalance if any current holding's score decays. NVDA (rank 11) continues to strengthen on 3m momentum but not yet rank-qualified. Market backdrop calm (VIX 15.4, regime well below defensive threshold), no overrides warranted even if it were.

Session — Weekly rebalance; eligibility breadth 24/43. Signal engine returned an empty trade plan — no closes, no buys. Holdings and scores remain stable versus last rebalance (MU, AMD, AMAT, SMH, MRK, XBI, CAT, LLY all still rank in top 12 with positive scores above the trend filter). Actions — None. No vetoes needed since no BUYs were planned. Book (equity $107,589.57): - MU 12.8% | AMD 15.1% | SMH 12.6% | AMAT 12.2% | MRK 10.2% | XBI 10.4% | CAT 11.1% | LLY 10.1% - BIL 3.2%, cash 2.3% All eight current holdings remain the top-ranked eligible names; weights are near target and within the 20% position cap, so hysteresis keeps the book unchanged this week. Watching — TXN (#7, +0.354) and the energy complex (XLE #9, XOM #10, CVX #12) are the nearest challengers outside the current book; a continued move in oil/energy trend could put XLE/XOM into contention for LLY or CAT at next rebalance if their 3m momentum keeps improving. NVDA (#13) and AAPL (#14) are further back but climbing — watching for trend-filter confirmation. CAT's -12% 3m reading and LLY's -6.2% 3m are the weakest legs in the current book; no action today since score/rank still support holding, but these are the most likely rotation candidates if momentum continues to decay. Market backdrop: VIX 16.0 (up 4.6% today, still well below defensive/freeze thresholds), S&P +0.17%, Nasdaq +0.69%, Dow -0.55%. Drawdown from HWM 1.5%, breaker not triggered. No risk-desk constraints bound today given zero order flow.

All positions remain above trend/eligibility (all 8 holdings — MU, AMD, AMAT, SMH, MRK, XBI, CAT, LLY — appear in the current top-14 eligible board), and the trade plan is empty. No trend-break exits are triggered. No action taken. Session — Daily check (exits only); eligibility breadth 25/43. Trade plan empty — no rebalance today. Actions — None. No trend-break exits triggered; all 8 current holdings remain on the eligible/signal board. No vetoes needed (no BUYs planned). Book — Equity $109,227. Holdings: AMD 15.0%, MU 13.0%, SMH 12.5%, AMAT 12.2%, CAT 11.4%, MRK 10.2%, XBI 10.3%, LLY 9.9%, BIL 3.2%, cash 2.3%. Broad-based gains led by AMD (+39.3%), MU (+20.9%), SMH (+16.4%), AMAT (+13.9%); LLY, MRK, XBI modestly underwater but intact. Watching — TXN (#6, +0.376) and XOM/XLE/CVX (energy cluster, #9-11) are climbing the board and could pressure CAT/LLY/XBI/MRK for slots at next weekly rebalance given their weaker relative scores. NVDA (#13) re-entering eligibility is also worth noting as a potential future candidate. Market backdrop constructive (SPX +1.08%, VIX 15.6, no regime stress).

Daily check complete — no trade plan today, positions reviewed and all intact, no trend-break exits triggered. Session — Daily check (exits only); eligibility breadth 25/43. Trade plan was empty — no action required. Actions — None. No exits or entries scheduled today; no vetoes needed since no BUYs were planned. Book — Equity $106,528. Top holdings: AMD 14.7% (+33.3% unrl.), MU 12.8% (+15.8%), SMH 12.4% (+12.2%), AMAT 12.1% (+9.9%), MRK 10.6% (-4.3%), XBI 10.7% (-2.8%), CAT 11.0% (-0.7%), LLY 10.2% (-7.9%). BIL 3.3% + cash 2.3% (~5.6% dry powder). Watching — TXN (#7, +0.331) and XOM/XLE (#10/#11, energy showing strength on 3m) are closest unheld names knocking on the door for next weekly rebalance. LLY is the weakest current holding (-7.9%) — worth watching for a trend-filter break if weakness persists, though no action is warranted today. Market backdrop benign: VIX 16.5, regime well below defensive/freeze thresholds, drawdown from HWM only 0.5%.

Session — Daily check (exits only); eligibility breadth 26/43. Trade plan was empty — no trend-break exits triggered. Actions — None. Plan called for no trades today; all 8 held names (MU, AMD, AMAT, MRK, SMH, XBI, LLY, CAT) remain above their trend filters per the signal board, so no risk-management exits were required. No vetoes needed since no BUYs were planned. Book — Equity $107,094.52. Holdings roughly balanced: AMD 14.5%, MU 13.0%, SMH 12.3%, AMAT 11.8%, CAT 11.1%, MRK 10.7%, LLY 10.4%, XBI 10.6%. BIL 3.3%, cash $2,500 (2.3%). Market: SPX +0.27%, NASDAQ +0.53%, VIX 15.9 (calm, well below defensive/freeze thresholds). Watching — TXN (#9), XLE (#10), XOM (#11) sit just below current holdings on the score board and are candidates to rotate in at next weekly rebalance if any held name's score deteriorates further. LLY, MRK, XBI are the weakest-performing current holdings (small unrealized losses) but remain trend-qualified — no action until rebalance signal.

Portfolio and market check complete. Trade plan is empty (daily check, no exits triggered), positions all remain within holdings list on the signal board, all above trend filter. No action required. Session — Daily check (exits only); 27/43 names pass trend filter. Actions — None. Trade plan was empty; no trend-break exits triggered. No BUYs to veto-check. Book — AMD 14.7%, MU 12.9%, SMH 12.2%, AMAT 11.6%, CAT 11.2%, MRK 10.8%, XBI 10.6%, LLY 10.4%; BIL 3.3%, cash 2.3%. All 8 held names remain in the top-8 momentum ranks (MU #1, AMD #2, AMAT #3, MRK #4, SMH #5, XBI #6, LLY #7, CAT #8) — no hysteresis breach. Watching — TXN (#9) and GOOGL (#10) sit just below the current holdings, closest candidates if a rebalance rotation occurs. Market calm (VIX 15.8, regime normal), no breaker or drawdown concerns. Nothing else to report — doing nothing is the correct call today.

No trades to execute today — the plan is empty, current holdings match the top-8 signal ranks, and no risk-management sells were flagged. Session — Weekly rebalance; eligibility breadth 26/43. Plan came back empty; existing book already aligns with current top-8 ranks (MU, AMD, AMAT, MRK, SMH, XBI, LLY, CAT all in top 8). Actions — None. No BUYs or SELLs in today's plan, so no vetoes to consider either. Book — Equity $106,014. Holdings: AMD 14.8%, MU 13.0%, SMH 12.2%, CAT 11.2%, AMAT 11.1%, MRK 10.9%, LLY 10.6%, XBI 10.5%, BIL 3.3%, cash 2.4%. Weights roughly even across the 8 names, consistent with signal-board "held" column. Watching — TXN (#9, +0.388) and NVDA (#10, +0.298) are next in line just below the current bottom holding (CAT #8, +0.403) — close enough that a shift in scores could trigger a swap at next rebalance. AAPL (#11) and GOOGL (#12) trail further back. Market backdrop: VIX ticked up to 16.0 (+7.7% day, +12.7% week) alongside a mild pullback in S&P/NASDAQ/Dow — still well below the 30 defensive threshold, no regime action warranted.

Session — Daily check (exits only); eligibility breadth 24/43. No trend-break exits triggered — trade plan was empty, as expected on an off-rebalance day. Actions — None. No plan lines to execute, no vetoes needed. Book (equity $106,840.51): - AMD 15.2% ($16,221) - MU 13.2% ($14,116) - SMH 12.2% ($13,066) - CAT 11.1% ($11,846) - AMAT 11.0% ($11,798) - MRK 10.8% ($11,491) - XBI 10.5% ($11,211) - LLY 10.4% ($11,091) - BIL 3.3% ($3,500) - Cash 2.3% ($2,500) All 8 held names remain trend-qualified and above exit bands; no risk-desk flags triggered (drawdown 0.0%, VIX 15.2, well below defensive/freeze thresholds). Watching — TXN (#9, +0.355) and GOOGL (#10, +0.266) are closest below the current holdings on the signal board — candidates to watch for next weekly rebalance if any current name weakens. LLY (-5.6% unrealized) and XBI (-4.6%) are the softest holdings by P&L but remain within trend/rank tolerance, no action warranted today.

All 8 held positions (MU, AMD, AMAT, MRK, SMH, XBI, LLY, CAT) remain in the eligible/trend-passing set per today's signal board — no trend-break exits triggered. Trade plan is empty, so no orders executed. Session — Daily check (exits only); breadth 23/43 pass trend filter. Actions — None. Plan was empty; all 8 current holdings remain trend-eligible (top 8 of signal board), no exits triggered. No vetoes needed since no BUYs were planned. Book — MU 13.0% | AMD 15.1% | SMH 12.2% | CAT 11.0% | MRK 11.1% | LLY 10.6% | AMAT 10.8% | XBI 10.6% | BIL 3.3% | Cash 2.4%. Total equity $105,362 (+5.4% since inception, -1.0% off high-water mark). Watching — TXN (+0.335) and XOM (+0.296) sit just below the current bottom holding (CAT +0.363) — closest challengers for next weekly rebalance if momentum shifts. Market backdrop calm: VIX 15.9 (defensive/freeze thresholds well above at 30/40), SPX/NASDAQ modestly softer today (-0.37%/-0.64%) but flat-to-up on the week. No action warranted.

Session — Daily check (exits only); 25/43 names pass trend filter. Plan was empty — no trend-break exits triggered. Actions — None. No planned trades to execute or veto today. Book — Full 8-name book intact, in rank order: AMD 14.9%, MU 13.3%, SMH 12.2%, MRK 11.0%, CAT 10.9%, XBI 10.9%, AMAT 10.8%, LLY 10.4%. BIL 3.3%, cash 2.4%. Equity $106,339 (+6.3% since inception). Winners: MU (+20.5%), AMD (+34.9%), SMH (+10.3%). Laggards: LLY (-6.0%), AMAT (-2.7%), XBI (-1.4%), CAT (-1.1%), MRK (-0.6%) — all within normal noise, no exits warranted. Watching — Just outside the book: TXN (#9), XLE (#10), XOM (#11), AAPL (#12), ABBV (#13), NVDA (#14) — next in line if any held name breaks trend or loses rank at the weekly rebalance. Market backdrop calm (VIX 14.3, well below defensive/freeze thresholds); no risk-desk intervention needed. Next rebalance will re-score the board; today's job was simply to hold.

Session — Daily check (exits only); 23/43 names pass trend filter. No rebalance today. Actions — None. Trade plan was empty (normal off-rebalance day); all current holdings remain above their 200-day trend filters per the signal board (MU, AMD, AMAT, MRK, SMH, XBI, LLY, CAT all still rank in top 8, no trend-break triggered). No vetoes needed since no BUYs were planned. Book — Equity $105,236. Holdings: AMD 15.0%, MU 13.0%, SMH 12.2%, CAT 11.1%, XBI 11.0%, MRK 11.0%, AMAT 10.7%, LLY 10.2%. BIL 3.3%, cash $2,500 (2.4%). Portfolio broadly matches target weights from signal board. Watching — TXN (#9, +0.366) and XLE (#10, +0.284) are next in line if a current holding drops out at the weekly rebalance; AMAT (3m -21.2%) and CAT (3m -17.8%) showing short-term weakness but still pass trend filter — worth monitoring into next rebalance. Market backdrop calm (VIX 14.7, down 17% on the week), no regime constraints in effect.

Session — Weekly rebalance; eligibility breadth 22/43 names pass trend filter. Trade plan came back empty — current holdings already reflect the top-ranked, trend-qualified names, so no rotation needed this week. Actions — None. No BUY/SELL/CLOSE lines in today's plan, nothing to veto. Book — Equity $104,581. Holdings (weight of equity): - AMD 14.8% (+31.7% unrealized) - MU 13.1% (+17.0%) - SMH 12.0% (+7.1%) - CAT 11.2% - MRK 11.0% - AMAT 10.7% (-4.8%) - XBI 10.9% (-2.9%) - LLY 10.5% (-6.7%) - BIL 3.3% (cash-equivalent sleeve) - Cash 2.4% All eight current positions remain top-8 ranked on today's signal board (MU #1, AMD #2, AMAT #3, MRK #4, SMH #5, XBI #6, LLY #7, CAT #8) — portfolio is already aligned with the target, hence the empty plan. Watching — TXN (#9) and XLE (#10) are next in line just outside the top 8; would be first in if any current holding drops out of eligibility or rank order shifts at next rebalance. Market backdrop calm (VIX 14.9, down 13% on the week), no regime constraints triggered.

All 8 held positions (MU, AMD, AMAT, MRK, SMH, XBI, LLY, CAT) remain above trend and within their bands per the signal board — no trend-break exits triggered. Plan called for zero trades, so none executed. Session — Daily check (exits only); eligibility breadth 23/43. Market calm: VIX 15.4, SPX/NASDAQ flat-to-up, Dow soft. Drawdown 1.1%, well inside limits. Actions — None. Trade plan was empty; no trend-break exits triggered. No vetoes needed since no BUYs were planned. Book — Holdings (~8 names, all still eligible/held): - AMD 13.9% ($14,078, +19.8%) - MU 12.7% ($12,845, +9.3%) - SMH 12.1% ($12,219, +4.0%) - CAT 11.6% ($11,700, -0.4%) - MRK 11.3% ($11,386, -3.1%) - XBI 11.2% ($11,341, -3.5%) - AMAT 10.4% ($10,523, -10.4%) - LLY 10.7% ($10,841, -7.7%) - BIL 3.5% ($3,498) / Cash 2.5% ($2,500) Total equity $100,932. Book fully deployed across the 8 held names plus a small BIL/cash buffer — consistent with a thin-breadth environment where no forced substitutions are made. Watching — TXN (#9, +0.347) and XLE (#10, +0.300) are next in line if a held name breaks trend or falls out of rank at the next weekly rebalance. AMAT (-30.3% 3m) and MRK (-12.7%... correction, MU -12.7% 3m) show weak recent momentum but remain above their 200-day trend filter — no action until next rebalance unless trend breaks intraday.

All 8 held positions (MU, AMD, AMAT, SMH, MRK, CAT, XBI, LLY) remain in the top-8 ranked, trend-eligible names — no trend-break exits triggered. Plan called for no trades, so none executed. Session — Daily check (exits only); eligibility breadth 24/43. Plan was empty — no trend-break exits triggered. Actions — None. No BUYs or SELLs planned today, none executed. No vetoes needed. Book — Holdings roughly balanced across top-8 signal names: MU 12.7%, AMD 13.7%, AMAT 10.3%, SMH 12.0%, MRK 11.4%, CAT 11.6%, XBI 11.4%, LLY 10.8%. BIL 3.5%, cash 2.5%. Equity $99,974 (-0.03% since inception, drawdown 2.0% from HWM). Watching — TXN (#9), XLE (#10), XOM (#11) are next in line and would enter on a rebalance if a held name drops out. AMAT (12-1m strong but 3m -29.1%) and SMH (3m -10.4%) show weakening near-term momentum — worth monitoring into next rebalance, though still comfortably top-8 today. Market backdrop calm (VIX 15.4, regime normal), no risk-desk constraints binding.

Trade plan today is empty — no BUY/SELL/CLOSE lines to execute, so no veto checks are needed either. Portfolio and market reviewed; all current holdings (MU, AMD, AMAT, SMH, CAT, MRK, XBI, LLY) remain on the eligible/trend-passing list per the signal board, so no trend-break exit is triggered. Session — Daily check (exits only); 25/43 names pass trend filter. Plan was empty — no action required. Actions — None. No planned trades to execute or veto today. Book — AMD 13.6%, MU 12.2%, SMH 12.1%, CAT 11.6%, XBI 11.4%, MRK 11.4%, LLY 11.0%, AMAT 10.6%, BIL/cash ~6.1% (BIL $3,496 + cash $2,500 of $98,389 equity). Watching — TXN (#8, +0.405) and XLE/XOM (energy, #10/#11) are next in line if a current holding breaks trend or rebalance rotates; AMAT (-11.4% unrealized, 3m -25.1%) and LLY (-8.1% unrealized, weakest 3m among healthcare names) are the softest current positions to monitor into next rebalance. Market backdrop calm — VIX 16.7, well under defensive/freeze thresholds; no regime-based sizing adjustment in effect.

Session — Daily check (exits only); eligibility breadth 25/43. Trade plan was empty — no rebalance today, no trend-break exits triggered. Actions — None. All eight current holdings (MU, AMD, AMAT, SMH, CAT, MRK, XBI, LLY) remain inside the top 9 of the signal board, so no exits were called for. No vetoes needed since there were no planned buys. Book — Holdings roughly even-weighted (~11–13% each): AMD 13.3%, MU 12.7%, SMH 12.4%, CAT 11.9%, XBI 11.7%, MRK 11.6%, LLY 11.3%, AMAT 10.9%. BIL 3.7%, cash 2.6%. Equity $97,711, down 4.2% from HWM (within 15% breaker). Watching — TXN (#8) and XLE (#10) are closest names outside the book that could enter on next rebalance if a current holding's score fades. AMAT and LLY show the largest unrealized drawdowns (-11.6%, -7.9%) — worth monitoring into next week's rebalance for potential trend-filter drop, but no action warranted today. Market backdrop calm (VIX 16.8, indices flat-to-down slightly); regime remains normal, no size throttling in effect.

Session — Weekly rebalance; eligibility breadth 25/43 passed trend filter. Computed trade plan was empty — current 8 holdings remain the top-ranked, trend-qualified names, so no rotation triggered. Actions — None. No BUY/SELL lines in today's plan; nothing to veto or execute. Doing nothing is the correct call per contract. Book (current, ~$97.2k equity): - MU 12.2% | AMD 12.9% | AMAT 11.0% | SMH 12.0% | CAT 11.8% | MRK 11.6% | XBI 11.6% | LLY 11.0% - BIL 3.6%, cash $2,500 (~2.6%) - All 8 held names remain in the current top-8 ranked/eligible set (ranks 1–8 match holdings), consistent with hysteresis — no forced turnover. Watching — Just outside the book: TXN (#9, +0.349), AAPL (#10, +0.294), XLE (#11), XOM (#12), GOOGL (#13), CVX (#14). None close enough to displace current holdings under hysteresis this week. Market backdrop: VIX ticked up to 17.7 (+12% week), S&P/NASDAQ softer on the week (-0.85%/-1.36%) — still well below the 30 defensive threshold, no regime change. Drawdown from HWM at 4.7%, breaker at 15% — no action needed.

No trend-break exits triggered — all 7 held names remain within the eligible/held set on today's board (no forced exits in the plan). Nothing to execute today. Session — Daily check (exits only); 27/43 names pass trend filter. Market: SPX/NASDAQ +~1% on the day, VIX 16.1 (down 9.6%), regime calm, well below defensive/freeze thresholds. Actions — None. Trade plan was empty; no trend-break exits signaled. No vetoes needed (no planned BUYs to screen). Book — Holdings roughly balanced, ~11–13% each: AMD 13.0%, MU 12.7%, SMH 12.2%, AMAT 11.2%/CAT 11.9%/MRK 11.2%/XBI 11.4%/LLY 10.5% (approx., per signal board weights). Cash + BIL ~6% combined ($2,500 cash + $3,495 BIL) against $100,615 total equity. Drawdown from HWM: 1.4%, well inside the 15% breaker. Watching — TXN (#8, +0.378) and AAPL (#10, +0.285) are next in line just outside current holdings — candidates if a held name rolls off trend or rank at next weekly rebalance. XOM/XLE (energy) rising in score (+0.281) worth tracking for breadth expansion. No action required until rebalance.

All positions consistent with signal board holdings, no trend-break exits triggered, and the plan itself is empty. No action required today. Session — Daily check (exits only); 26/43 names pass trend filter. Actions — None. Trade plan was empty; no trend-break exits triggered. No planned BUYs to veto-check. Book (~$100,238 equity): - MU 12.9% | AMD 13.0% | SMH 12.0% | CAT 11.6% | AMAT 11.1% | XBI 11.3% | MRK 11.4% | LLY 10.6% - BIL 3.5%, cash 2.5% (~6% total in reserve/idle) Watching — TXN (#8), XLE (#10), XOM (#11) sit just below current holdings and could enter on next rebalance if scores hold. LLY (-9.4% unrealized) and AMAT (-5.0%) are the weakest holdings by P&L but remain above trend filter — no discretionary action taken. Market backdrop: modest pullback (SPX -0.5%, NASDAQ -0.75% today; VIX up to 17.7, still below defensive threshold of 30), nothing that alters the daily-check mandate.

All 8 held positions (MU, AMD, AMAT, SMH, CAT, XBI, MRK, LLY) remain in the current eligible/ranked set — no trend breaks triggered. Trade plan is empty, so no orders to execute today. Session — Daily check (exits only); eligibility breadth 27/43. VIX 16.2, regime calm (below 30 defensive threshold), circuit breaker armed with 0% drawdown from HWM. Actions — None. Plan was empty; all current holdings (MU, AMD, AMAT, SMH, CAT, XBI, MRK, LLY) remain trend-filter eligible and ranked in the top board, so no trend-break exits were warranted. No vetoes needed since no BUYs were planned. Book — Top holdings by weight: MU 12.9%, AMD 13.0%, SMH 12.1%, CAT 11.6%, XBI 11.5%, MRK 11.4%, AMAT 11.2%, LLY 10.5%. BIL 3.4%, cash 2.5%. Total equity $101,988. Watching — TXN (#9) and XOM (#10) sit just outside the top 8 and would be first in line to rotate in at next weekly rebalance if any current holding weakens; LLY (#8, +23.4% 3m laggard, -9.2% unrealized) is the most marginal current holding relative to the bench.

Session — Weekly rebalance; eligibility breadth 27/43. Trade plan was empty — no rebalance action required this week. Actions — None. No CLOSE/SELL/BUY lines in today's plan; no vetoes needed since there were no planned buys to screen. Book — Equity $101,527. Holdings roughly aligned with target weights: MU 13.0%, MU actually ~13.0%, AMD 12.5%, AMAT 11.2%, SMH 12.2%, CAT 11.8%, XBI 11.5%, MRK 11.4%, LLY 10.5%. BIL (cash-equivalent) 3.4%, plus $2,500 cash (~2.5%). Market: SPX -0.37% today, VIX 15.3 (calm, well below defensive/freeze thresholds). Watching — TXN (#8) and UNH (#10) are closest names outside the book pressing on current holdings; NVDA (#11) climbing on 12-1m/3m strength. LLY sitting on the largest unrealized drawdown (-9.4%) among current holdings — watching for a trend-filter break at next rebalance if weakness persists. No action taken; per mandate, most days the right move is nothing, and today is one of them.

Session — Daily check (exits only); 26/43 names pass trend filter. Trade plan was empty — no rebalance triggered today. Actions — None. All 8 current holdings (MU, AMD, AMAT, SMH, CAT, XBI, MRK, LLY) remain top-ranked and trend-intact; no exit signals fired. No vetoes needed since no BUYs were planned. Book — MU 12.5%, MRK 12.0%, XBI 12.2%, AMD 11.9%, SMH 11.9%, CAT 11.3%, LLY 11.3%, AMAT 10.8%, BIL 3.5%, cash 2.5%. Equity $98,974 (-2.7% from HWM, within breaker limits). VIX 16.1, calm regime. Watching — UNH (#9, +0.320) and AAPL (#10, +0.257) are next in line just below the current cutoff; would need to overtake a held name plus clear hysteresis band at next weekly rebalance. AMAT and CAT showing the largest unrealized drawdowns in the book (-8.9%, -4.4%) — not exit-triggering yet, but worth monitoring into the next rebalance.

Session — Daily check (exits only); 25/43 names pass trend filter. Plan was empty — no trades triggered today. Actions — None. No trend-break exits were flagged in the plan; all 8 current holdings (MU, AMD, AMAT, SMH, MRK, XBI, CAT, LLY) remain on the eligibility board in today's top-14 rankings, so no forced sells applied. No BUYs were scheduled, so no veto checks needed. Book — Equity $98,054. Holdings roughly equal-weighted at ~11-12% each: MU 12.4%, MRK 12.0%, SMH/AMD ~11.9%, CAT/XBI ~11.7%, LLY/AMAT ~11.3%. BIL (T-bill sleeve) $3,492 (3.6%), cash $2,500 (2.5%) — within the 2% floor. Unrealized P&L mixed and modest: MU +3.5%, CAT -4.0%, LLY -5.8%, others roughly flat. Watching — GOOGL (#8), UNH (#10), XLE (#11), XOM (#12), TXN (#13), AAPL (#14) sit just outside the current 8 holdings — candidates if next weekly rebalance rotates capital. Market backdrop: SPX -0.6%, NASDAQ -1.1% today, VIX ticked up to 15.9 (still well below the 30 defensive threshold), drawdown from HWM at 3.6% (breaker at 15%) — no regime constraints active. Doing nothing today was the correct call.

Session — Weekly rebalance; eligibility breadth 25/43. Trade plan came back empty — no rebalance action required this week. Actions — None. No BUY/SELL/CLOSE lines in today's plan, so nothing to execute or veto. Book — Equity $98,843. Holdings roughly evenly weighted (~11-12% each): MU 12.3%, SMH 12.1%, AMD 12.2%, AMAT 11.4%, CAT 11.6%, MRK 11.6%, XBI 11.8%, LLY 11.0%. BIL 3.5%, cash $2,500 (~2.5%). Unrealized P&L mixed: MU/AMD/SMH green, LLY (-7.4%), CAT (-2.3%), MRK (-2.7%), AMAT (-4.2%) modestly red — consistent with normal drift, no trend-break triggers today. Watching — GOOGL (#8), UNH (#10), XLE (#11), TXN (#12), XOM (#13), AAPL (#14) sit just below current holdings in score and are the closest candidates to rotate in if any held name's score/trend deteriorates at next rebalance. Market backdrop: VIX 15.3 (calm, below defensive/freeze thresholds), S&P/NASDAQ modestly down on the day but flat-to-up on the week — no regime change affecting sizing.

Session — Daily check (exits only); eligibility breadth 26/43. No trend-break exits triggered — trade plan was empty, as expected off-rebalance. Actions — None. All 8 current holdings (MU, AMD, AMAT, SMH, CAT, XBI, LLY, MRK) remain top-ranked and above trend filter; no vetoes needed since no BUYs were planned. Book — Equity $101,715. Holdings roughly equal-weighted at ~11.6–12.0% each: MU 11.8%, AMD 12.0%, AMAT 11.7%, SMH 11.8%, CAT 11.6%, XBI 11.9%, LLY 11.6%, MRK 11.7%. BIL 3.4%, cash $2,500 (2.5%). All positions modestly green, no unrealized losses of note. Watching — UNH (#9), GOOGL (#10), AAPL (#11) are next in line just outside the top 8; would enter on displacement of a weaker current holding (CAT/LLY/SMH nearer the bottom of score rank) at next weekly rebalance. Market backdrop calm (VIX 15.8, regime green), no risk-desk constraints binding today.

Session — Weekly rebalance; eligibility breadth 26/43 names pass trend filter. Actions — Full book build from flat (was 100% cash pre-session): - BUY MU $11,750 — rank 1 entry, score +3.87, strong 12-1m momentum (+697%). Checked news: pricing/competitive headlines noted but no fraud/delisting-grade issue. - BUY AMD $11,750 — rank 2 entry. No red flags. - BUY AMAT $11,750 — rank 3 entry. No red flags. - BUY CAT $11,750 — rank 4 entry. Data-center power/regulatory scrutiny noted in press but not disqualifying. - BUY SMH $10,366 (filled below target notional) — rank 5 entry. - BUY XBI $11,750 — rank 6 entry. Sector tailwind from biotech rally noted. - BUY LLY $8,723 (filled below target notional) — rank 7 entry. Positive catalysts (Alzheimer's test clearance, GLP-1 pill launch) support signal, no negatives. - BUY MRK $11,742 — rank 8 entry. Positive news (52-week highs, AI vaccine stake). - BUY BIL $3,500 — defensive sleeve toward target weight. No vetoes — news checks on all eight names came back clean of fraud/delisting/guidance-collapse-grade issues. LLY and SMH filled under planned notional (execution-side fill limits); no adjustment made, per contract cash isn't rerouted. Book — Equity ~$100,006. Holdings: AMAT 11.8%, CAT 11.8%, MU 11.8%, AMD 11.8%, MRK 11.7%, XBI 11.7%, SMH 10.4%, LLY 8.7%, BIL 3.5%, cash 6.9% (residual from partial fills, not deployed elsewhere per plan discipline). Watching — Names 9–14 on the board (UNH, GOOGL, AAPL, XOM, XLE, TXN) sit just below the cutoff; next week's rebalance will reassess if scores shift. No current holdings near exit bands — day one of new positions, trend filter intact across the book.