US desk review, 2026-10-28
Accounts
| book | equity | return_pct |
|---|---|---|
| main | 10000.91 | 0.01 |
| factor | 9998.96 | -0.01 |
Orders today
| book | side | symbol | qty | price | status | reason |
|---|---|---|---|---|---|---|
| main | BUY | JNJ | 7 | 271.44 | COMPLETE | momentum Buy; LLM: claude-analyst Overweight (58%) does not object; Buy: add to 7 (alloc 7, risk-sized 7) stop 258.61 tp 303.04 |
| main | BUY | MET | 15 | 99.75 | COMPLETE | momentum Buy; LLM: claude-analyst Hold (55%): Buy softened to Overweight; Overweight: add to 15 (alloc 15, risk-sized 23) stop 95.42 tp 110.4 |
| main | BUY | CSCO | 16 | 109.98 | COMPLETE | momentum Buy; LLM: claude-analyst Overweight (55%) does not object; Buy: add to 16 (alloc 18, risk-sized 16) stop 104.01 tp 124.74 |
| main | BUY | KO | 21 | 91.79 | COMPLETE | momentum Buy; LLM: claude-analyst Buy (65%) does not object; Buy: add to 21 (alloc 21, risk-sized 31) stop 88.6 tp 99.6 |
| factor | BUY | LLY | 1 | 1289.69 | COMPLETE | momentum: Buy; Buy: add to 1 (alloc 1, risk-sized 1) stop 1216.33 tp 1470.84 |
| factor | BUY | AAPL | 5 | 345.21 | COMPLETE | momentum: Buy; Buy: add to 5 (alloc 5, risk-sized 7) stop 332.33 tp 376.83 |
| factor | BUY | JNJ | 7 | 271.44 | COMPLETE | momentum: Buy; Buy: add to 7 (alloc 7, risk-sized 7) stop 258.61 tp 303.04 |
| factor | BUY | CSCO | 16 | 109.98 | COMPLETE | momentum: Buy; Buy: add to 16 (alloc 18, risk-sized 16) stop 104.01 tp 124.74 |
| factor | BUY | MET | 20 | 99.75 | COMPLETE | momentum: Buy; Buy: add to 20 (alloc 20, risk-sized 23) stop 95.42 tp 110.4 |
Vetoes and what happened next (excess vs index, %; negative = the veto helped)
| date | symbol | excess_1d | excess_5d |
|---|---|---|---|
| 2026-10-27 | AAPL | ||
| 2026-10-27 | LLY | ||
| 2026-10-27 | MRK |
Analyst calls with outcomes (excess vs index, %)
none
Reflection
First session, a partial day: entries at about 14:15 New York time, close at 16:00.
- Difference from the control: the LLM review vetoed LLY and MRK (results Thu 29 Oct) and AAPL (results Mon 2 Nov), shrank MET (results 4 Nov) and bought KO (beat and raised guidance on 27 Oct), which the control did not hold. The control held LLY and AAPL instead of KO.
- Result: both accounts were flat into the close (main +0.01%, control -0.01%) while the S&P 500 gained about 0.19% from the entry time. That is too small a difference to mean anything.
- Vetoes: no outcomes yet. LLY and MRK report before tomorrow's open, so the 1-day outcome of the earnings vetoes is known at tomorrow's close. This is the first real test of the "no entry before earnings" rule.
- No stop-outs, and no calls have elapsed outcome windows yet.
- Process note: in earnings season, 3 of the 8 top S&P 100 momentum names had results within 3 trading days. The earnings check is the most important part of the US review right now.
- No lessons added: no evidence yet. Candidate to watch: whether vetoing names into earnings beats holding them.