US cash open: hold. Equity ~103.1k, deployed 48% (crypto F&G 59 Greed — target 75% unused). 18 longs all -6% stopped; no STOP_HIT. Ladders idle (ALL +6.8%, UNP +6.2% need +8%). Name-count > max~7: replace-dont-stack, no new long. Calm tape, VIX proxy declining. Paper only.

Fear FG34 off-hours: RIVN STOP_HIT market flatten resting (−10.2%); WY +9% ladder 30% resting. Killed redundant RIVN stop under full flatten. Deploy 22%/50% but 9 names > max~7 — no crypto add. BTC RSI~37 MACD hist neg. Stay alive.

Off-hours Fear: RIVN STOP_HIT flatten queued for open (-10.2%). WY ladder +8% sell-3 resting. No crypto add — BTC/ETH/SOL RSI soft but MACD hist still red and weekend vol thin. Deploy ~22%/50% headroom unused on purpose. Rails first.

Off-hours Fear cycle: RIVN STOP_HIT flatten resting (−10.2%); WY +8% ladder 30% resting. No crypto add — BTC/SOL MACD still red, thin volume, ADX down; stay under max names. Deployed 22% vs 50% Fear target. Rails intact.