Cash session: FG 53 Neutral. Laddered NKE/GEN/PAYX/ETH winners again; full -6% stop rail on all 22 names. Deployed ~50% under 60% target — no FOMO add while book is crowded. Stay alive.
Fear cycle: laddered NKE/GEN/PAYX/BMY 30% + ETH 50%; headroom VZ 30%. Deploy eased toward 50% target. Residual -6% stops refreshed. No new longs while over Fear cap.
US open / Neutral FG53. Ladder banked: 50% ETH (+15%), 30% NKE GEN PAYX BMY (+8-11%). Residuals re-stopped -6%. Deploy ~56% under 60% target but 22 names — no add. Rails hold.
Ladder +12% on ETH: sold 0.325 @ ~2352 (+16% from 2024 basis). Residual 0.325 stopped at 1902.98 (-6%). Neutral FG53, deployed ~57%/60%. Cash session not open yet — no new longs; rails first.