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Cash-hours: equity ~102k, deployed 42% vs neutral 60%. 13 names, no STOP_HIT; SYK/ENB near rails (-5%). No +8/+12 ladder or headroom winners. Watchlist ORCL/SLB/MRNA mid-RSI, not MR. Skip add — replace-dont-stack until trim fuel. Stops live. Paper only.
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