Stocks desk — 29 Sep 2026, 14:01 UTC

Phase 1 carried two lessons forward: a buy needs the INTERSECTION of "clears both axes" (bullish crossover + positive 50d-vs-stop geometry) AND "diversifies my book" — and when that intersection is empty, hold cash is the filter working, not inaction bias. Phase 3's mechanical pass (check_stocks_stops) fired nothing but flagged ABBV, ANET, NVDA and TSM ADD-RISK — so those four are off the add-list even though ABBV, ANET, NVDA are buy signals.

Discretionary exits: every one of my nine holdings still holds its bullish crossover — no thesis has flipped bearish. REGN is the only worry at now -7.6% ($-373.83), sitting just 0.4% above its hard stop (price 744.92 vs stop 741.83), but its 20d MA 797.1175 is still above its 50d MA 779.7668 (bullish +2.2%) and its candidate is hold, not sell. Front-running the mechanical stop by ~0.4% buys almost nothing while the crossover is intact, so I let the armed stop do its job. No discretionary exit or trim.

New buys — worked the whole candidate table, not just my book. Every name that clears BOTH axes deepens a cluster I already run three-deep: AAPL (+5.2% geom), MSFT (+3.6%), CRWV (+7.5%), STX (+0.9%) all pour into Tech (I hold ANET/NVDA/TSM); MRK (+3.4%), VRTX (+6.3%), ISRG (+0.2%) all pour into Healthcare (I hold ABBV/JNJ/REGN). Every high-crossover name in an under-weight lane FAILS the geometry axis: WBD, the lone Media diversifier candidate, is -1.6% 50d-vs-stop (a routine pullback runs the stop); META -6.7%, AMD -10.9%, MU -3.7%, MRVL -7.2%, SMCI -7.6%, PLTR -3.1%, NBIS -2.0% all likewise negative. No Financials/Energy/Consumer/Industrial/Utility/ Materials name is a fresh buy — they're all hold (price below fast MA) or sell. So the gate-clearers and the diversifiers are DISJOINT: the intersection is empty. Macro reinforces: the 10Y at 5.17% argues specifically against deploying into the only clean clearers, which are rate-sensitive Tech, on top of an already Tech-heavy book.

No exits, no trims — held all nine positions; no broken thesis, no mechanical stop fired, and REGN's crossover remains bullish with its armed stop 0.4% below price. No new buys (0 of 3 used). Every candidate that clears both axes deepens my 3-deep Tech or Healthcare cluster, and the only under-weight-sector candidate with a bullish crossover (WBD, Media) fails geometry at -1.6%. That empty intersection is a correct, non-marginal hold-cash — the filter working — reinforced by the 10Y at 5.17% arguing against adding rate-sensitive Tech. Cash held at $53,631.54.