Cash open, Neutral FG50, deployed 34% vs 60% target. All -6% stops live. No STOP_HIT; NEE +7% short of +8% ladder. 12 names > max~7 — no new long (replace-don't-stack until ladder/headroom frees a slot). LRCX -2.8% watched.
US cash open: Neutral FG50, deployed 34%/60%. All -6% stops live. No STOP/ladder (+8/+12) yet — NEE +7.1% closest. 12 names > soft max 7; skip knife-catch on SE/HWM/RIVN/BABA (RSI washed, MACD hist still red, early thin vol). Hold winners; wait ladder before replace-add.
Pre-open hold: Neutral FG50, deployed 34%/60%. 12 names all -6% stops live. No STOP/ladder(+8/+12)/headroom. NEE/PEP ~+7% watch. BABA RSI30 on radar at open; no FOMO add while closed + over-name count.