The Books

CATL's signal flipped to a sell after it reversed from the open high to close down 3.4% at 374.20; it is fairly valued and still 3% in profit, so the book banks half and keeps the rest on its 359.01 stop. Ops: STRONG SELL - REDUCE cv36 single print, engine Portion 96% cut to 50% (sub-65 conviction, stop unbroken, railed T12 - HS-38). Residual 400: exit next open on a close <359.01 (HS-3) OR a 2nd consecutive REDUCE print (HS-33). Market at open, no reprice clause (HS-68). · news

decided @ 374.20 · stop 359.01 · t1w 381.69 · t4w 399.15 ·

Lilly is the book's biggest winner (+36%, Gain_ATR 8.0) and its profit-take has now fired on two independent ticks: a 2nd consecutive RSI divergence (a), and conviction collapsing from a HOLD (b, valid per US-83). 2 ticks = the 50% tier; MoS -2.88 gives no bump. Bank and keep 40 on a trail raised to 1365.17. Profit-take (armed + ticks a,b). This fires the 11-10 written trigger; the tier rises % on the newly-satisfied tick (b) (US-87 principle). Ex-div 11-13 (/sh forgone on the sold shares). · news

decided @ 1437.29 · stop 1365.17 · t1w 1437.34 · t4w 1440.78 · t12w 1583.06

Lilly is the book's biggest winner (+36%, Gain_ATR 8.0) and its profit-take has now fired on two independent ticks: a 2nd consecutive RSI divergence (a), and conviction collapsing from a HOLD (b, valid per US-83). 2 ticks = the 50% tier; MoS -2.88 gives no bump. Bank and keep 40 on a trail raised to 1365.17. Profit-take (armed + ticks a,b). This fires the 11-10 written trigger; the tier rises % on the newly-satisfied tick (b) (US-87 principle). Ex-div 11-13 (/sh forgone on the sold shares). · news

decided @ 1437.29 · stop 1365.17 · t1w 1437.34 · t4w 1440.78 · t12w 1583.06

BoCom upgraded to STRONG BUY - ADD (cv82, MomentumContinuation) after three straight high-conviction holds, and China's big banks rallied on solid Q3 results (BoCom profit +10.1%). We pyramid the winner at the model's entry. Ops: fires the 11-05 re-arm pre-commit (SBA cv>=75, Est_1W 8.85 >= Entry 8.83); HF-3 clear (Est_12W 8.99 > close 8.86). 77.96% x 13,000 = 10,135 -> = HK. RSI_DIV is not armed (Gain 1.64 ATR) and does not block. Stop ratcheted 8.32 -> 8.37. Forward view is thin (+1.8% 12wk). Expires 11-12. · news

decided @ 8.83 · stop 8.37 · t1w 8.85 · t4w 8.88 · t12w 8.99

HSBC printed STRONG SELL - REDUCE (cv82, FailedBreakout_Down_20D) right after a +3.4% pop to 141.10, and HK sell signals have been this book's reliable cell. Sell half and bank +6% on the 133.00 fill. Ops: this is the 2nd consecutive non-bullish held print (NO TRADE -> SSR), which fires the 11-04 pre-commit SELL 400. The model asks 85%, but a single late-flipped print sizes at the lower tier (HF-P55 spirit), and the makes it. The Est_* path is mildly positive (+1-3%), so we keep the other lot. Residual stop 133.60 (printed, about breakeven). A 2nd SSR print -> SELL the last 400. · news

decided @ 141.10 · stop 133.60 · t1w 142.50 · t4w 143.09 · t12w 145.77

BoC flipped to AVOID (bearish FailedBreakout_Down, cv62) on its 2nd straight non-bullish print, and the forward view is flat at every horizon (Est 6.08/6.09/6.09). Trim 30% into the +2.5% bounce. Ops: this fires the 11-04 pre-commit (consecutive_non_bullish = 2) as written (HF-P22). 30% of 6,000 =. The count resets on the cut. Residual 4,000: stop 5.67; 2 more consecutive non-bullish prints -> SELL 1,000.

decided @ 6.09 · stop 5.67 · t1w 6.08 · t4w 6.09 · t12w 6.09

HKEX printed a STRONG BUY breakout (cv85) on a +2.8% close. The model's own entry sits 1.1 ATR below the market, so we bid there rather than chase. Valuation is only mildly rich (MoS -0.77) and the quality gate passes. Ops: adj 85-4(val)-10(BreakoutUp_20D|buy bias, 0/6 hit) = 71, which clears the floor. HF-3: Est_12W 385.99 is below the close but equal to the entry, so the order is a queue-at-pullback, not a chase. HF-4 is clear (Est_1W 399.34 >= entry). Sizing 0.904 x HK x 20% = HK -> = HK. Q3 results are due ~11-06 (Yahoo), inside the queue window; a fill on a results dip is a pullback fill, and the stop is 366.39. Expires 11-10. · news

decided @ 385.97 · stop 366.39 · t1w 399.34 · t4w 399.02 · t12w 385.99

CCB upgraded to STRONG BUY - ADD at conviction 90 (MomentumContinuation, from HOLD 72) on a fresh high close, so we pyramid the winner. Ops: the model's buy-stop is 10.56, but Est_1W 10.49 < 10.56, so HF-4 demotes it to a pullback limit at entry - 0.25 ATR (10.49). 77.96% x 13,000 = 10,135 -> = HK. HF-3 is clear (Est_12W 10.60 > close). PROFIT_ARMED is the T12 artifact (true progress 84%, Gain 2.14 ATR < 3), so it is not armed. Stop ratcheted 9.87 -> 9.96. Expires 11-10.

decided @ 10.49 · stop 9.96 · t1w 10.49 · t4w 10.53 · t12w 10.60

Bank of China closed below its stop for the first time (5.85 vs 5.86) and printed a second straight NO TRADE ('Consensus conflict + low conviction'), so the written pre-commit fires: sell at the next open. It is a first-step trim, not a full exit, because the 12-week estimate (5.89) is still above the close, so L2's negative-12wk leg is not met. Both 11-02 triggers fired at once and execute as ONE order (no stacking). The breach is marginal (0.17%, 0.06 ATR) but the comparator is strict per HF-P22. NoTrade|sell bias -8 not applied (HF-P28/P52/P63 phantom-grade caveat). Remaining 6,000 get a 5.67 stop (close - 1.0 ATR). Sector context: Q3 bank profits beat, the post-print rally reversed, and no source explains the BoC weakness. Valuation NA_CCY, so val_adj 0. · news

decided @ 5.85 · stop 5.86 · t1w 5.86 · t4w 5.86 · t12w 5.89

HSBC prints a fresh BUY at conviction 73 and Buy_Rank 1. It is an oversold bounce at RSI 28.8 after a two-week slide from ~163, and both the 1-week (135.66) and 12-week (136.25) estimates sit above the 134.10 entry, so this is not a falling knife. We buy at the printed entry with a 128.98 stop (-3.8%, 1.65 ATR). Gates: HF-3 non-inverted 12wk MET (+1.6% vs close); HF-4 Est_1W >= Entry MET (+1.2%); quality gate OFF on an NA_CCY row (gate passes NA_*, precedent 08-17/09-04); no cell for OversoldBounce_Up|buy, so bias 0; Entry_Distance 0.0 and close near the session low, so no chase. Size 26.5% x HKx 20% = HK / 134.10 =, x1.0 (NA). Limit at the printed entry per HF-P13. Third-interim ex-dividend ~11-05 per hk horizon (advisory). Single print: one signal only, so stability is low. Reprice per L8 on a >1.5% gap. · news

decided @ 134.10 · stop 128.98 · t1w 135.66 · t4w 137.89 · t12w 136.25

CATL printed a second consecutive oversold-bounce buy and closed up on a broad down day, meeting the book's written re-arm. It is fairly valued and passes the quality screen. Ops: market at 11-04 open, reprice/skip if gap >1.5% (>=366.40, midterms priced same open); 67.43% x 2,282,370 x 20% -> (lot 100), risk HK = 1.74% (HS-13); R:R 0.77 and L1 discount noted; 12wk railed (HS-38). · news

decided @ 361.00 · stop 311.32 · t1w 372.45 · t4w 399.15 · t12w 205.77

CCB held its STRONG BUY-ADD on a second straight breakout close (10.26, conviction 82), but the 1-week estimate of 10.21 sits below the printed 10.29 entry, so the add is repriced to a half-size limit at 10.24 rather than bought through the trigger ahead of Q3 results. Supersedes the unfilled 10-@10.09 limit (low 10.10, missed by 0.01), which is outside the live provenance band 10.24-10.34; this replaces it, it does not stack. HF-4 material (Est_1W -0.78% vs Entry) -> demote, not veto (HF-P67), half size (HF-P35); 10.24 is the provenance-band floor because Est_1W 10.21 is outside it. Size 77.96% x 9,000 = 7,016 x 0.5 =. Stop raised 9.66 -> 9.87 (printed; 1.84 ATR cushion). HF-3 clears (10.41 > 10.26). Reprice per L8 on a >1.5% gap. · news

decided @ 10.24 · stop 9.87 · t1w 10.21 · t4w 10.25 · t12w 10.41

China Merchants Bank printed the book's top signal, a STRONG BUY at conviction 100 on a 20-day breakout to a 52-week closing high, so reopen the line at half size at the printed 54.57. Half size because the 12-week estimate of 54.87 is only +0.5% above entry and Q3 results are not yet out. Written 3968 re-arm: cv>=65 MET, Est_1W 54.58 >= Entry MET, Est_12W >= 1.01 x Entry (55.12) MISSED by 0.25 (0.45%, 0.18 ATR), which is above the HF-P14 de-minimis band, so HF-P35's small-shortfall disposition applies (half size, limit). Size 90.4% x HKx 20% = HK x 0.5 =. gtc_limit rather than the printed buy-stop so an unseen Q3 gap-up cannot fill it (L6). Val NA (FV_Flag jump): val_adj 0, gate off. BreakoutUp_20D|buy 0/3 is report-only. Top-up re-arm in state. Reprice per L8 on a >1.5% gap. · news

decided @ 54.57 · stop 50.99 · t1w 54.58 · t4w 55.08 · t12w 54.87

Q ended 2026-06-30 (pub 2026-07-23): rev +24.2% YoY; margin elevated by one-time gains. No sustainable catalyst to add. Hold. The fund holds Alphabet at a 6.59% weight. After the -12.6% fall on the Q3 EPS miss the position has drifted to 5.45%, so holding at weight means buying back to target. Target Book 6.59% vs held 5.45% (gap +1.14pp). Under-weight by 1.14pp: market at next open. Technicals agree on direction (ReversalUp_Oversold conv 90, RSI 22). The 12wk projection 197.41 is a gap-extrapolation and the valuation is GROWTH_PRICED_IN; both are annotation only, and doctrine buys to target. The post-earnings gap is DOWN, so this is not an L6 chase. Per L8, reprice if the 10-30 open gaps >~1.5% from 283.82. GOOG (+0.38pp under) is sub-threshold: no card. · news

decided @ 283.82 · stop 254.37 · t1w 297.86 · t4w 330.62 · t12w 197.41

BoCom graduated from three rising WATCH prints -> 55) to a BUY at cv72 (Buy_Rank 3), with every model horizon at or above the 8.48 entry and a tight 8.32 stop (-1.9%), so open a starter position at the printed entry. HF-3 clears (Est_12W 8.63 > close 8.485); HF-4 clears (Est_1W 8.50 >= 8.48). The quality gate is off because the row is NA_CCY (HF-P32). Size 26.5% x HK x 20% = HK ->, ~HK. FailedBreakdown_Up_20D|buy +7 bias NOT applied (HF-P28/P63: phantom-contaminated cell); raw cv72 clears the floor unaided. Reprice per L8 if the open gaps >1.5%.

decided @ 8.48 · stop 8.32 · t1w 8.50 · t4w 8.55 · t12w 8.63

Bank of China flipped from HOLD 47 to STRONG BUY-ADD cv82 on a VWAP pullback-buy, the book's L1-favoured entry shape, with 1-week, 4-week and 12-week estimates (6.14 / 6.18 / 6.37) all above the 6.10 entry, so add at the printed level. Entry_Distance -0.25 ATR sits at the no-chase threshold, so it is queued at the printed Entry (gtc_limit), not bought at the close. Size 77.96% x 5,000 =. Carried stop 5.86 kept (printed 5.82 is lower; ratchet). Single print after HOLD: not a direction reversal (HF-P54/55 discount not triggered); HF-Q14 is PROPOSED/inert. PullbackBuy_VWAP|buy n=4 is report-only.

decided @ 6.10 · stop 5.86 · t1w 6.14 · t4w 6.18 · t12w 6.37

The 2x SK Hynix ETF printed STRONG SELL-REDUCE on every scan today in a trusted sell family; trim half per the leveraged-ETF rule rather than exiting fully. OPS: conv 75 >= 70 but close 18.90 above state stop 14.18 -> 50% trim; SK Hynix Q3 10-28; residual 900 stop 14.18. · news

decided @ 18.90 · stop 14.18 · t1w 19.98 · t4w 20.51 · t12w 24.00