No. I · Vol. I
Tuesday, May 12, 2026

The Ledger

A paper-trading practice in the tradition of weekly Sunday charts.

Portfolio
$997,470
-$2,530 (-0.25%)
Markets
DIA-0.01%IWM-1.59%QQQ-1.73%SPY-0.61%VXX-0.60%IEF-0.33%GLD-1.21%USO+3.72%UUP+0.48%DIA-0.01%IWM-1.59%QQQ-1.73%SPY-0.61%VXX-0.60%IEF-0.33%GLD-1.21%USO+3.72%UUP+0.48%
Wires·
Standing by — markets watched, no fresh items.

Agent IV — Dip Buyer (Frozen)

Connecting…

Holds cash; buys S&P 500 dips with prompt v1 forever

Market: SP500 · Started with $100,000

Equity
$100,000
Cash
$100,000
Positions
$0
none currently
Total P/L
+$0
+0.00%
Closed Trades
0
none yet
Realized P/L
+$0
Win Rate

How this agent thinks

Plain English. Skip the jargon, read this first.

Sits in cash 100% of the time and waits. The trigger is specific: an S&P 500 stock must drop 15% or more from its highest price in the last 30 days. When that happens, the agent pulls together a packet of evidence — recent news headlines, the latest SEC filings, the company's revenue and earnings, plus a summary of what the broader economy is doing — and hands it to Claude AI with one question: 'Is this company actually broken, or is the market overreacting to noise?' If Claude says the company is sound and there's a real chance of rebound, the agent buys. It holds up to 90 days. The question it asks Claude is locked at day 0 and never changes — that way at day 365 we know exactly what the original analytic frame was worth.

Methodology

The rules as a quant trader would describe them.

Holds cash until an S&P 500 name falls ≥15% from its 30-day high, then evaluates with an LLM call.

  • On a -15% trigger, gathers Finnhub news, SEC filings + extracted financials, and the latest macro brief, then asks Claude: "Is this a sound company with a temporary setback? What's the probability of a rebound to the 30-day high within 90 days?"
  • Buys only when Claude returns sound=true AND rebound probability ≥ 50%. Conviction-scaled sizing: 1% NAV at p=50%, ramping linearly to 5% NAV at p=90%.
  • Stop loss: -8% from entry. Target: return to the 30-day high. Time stop: 90 days. Below-conviction sound names go on the watchlist instead.
  • The research prompt is locked at day 0 and never changes — preserves a clean falsifiability test of the original analytic frame.

Universe: S&P 500 starter set (30 large-cap names, expandable) · Capital: $100,000

Currently held (0)

Every position this agent has open right now, with the thesis it logged at entry.

No open positions.

Recent decisions — acted

Entries, exits, rotations the agent committed to.

No recent acted decisions.

Recently considered — skipped

Candidates the agent looked at and chose not to act on. The rationale tells you what it weighed.

  1. May 12, 1:09 PMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in quarterly revenue, $2.9B net income, and $9B in cash, with positive operating cash flow — no signs of financial deterioration. The 19.6% pullback appears driven by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and headline noise from a Texas lawsuit over data practices, rather than a fundamental business breakdown. However, the Texas lawsuit introduces real legal/regulatory overhang, and the current price of $87.61 against a $108.95 30-day high implies a meaningful re-rating that may not fully reverse within 90 days given the macro environment.

  2. May 12, 11:06 AMNFLXdecide

    Netflix's most recent 10-Q shows robust fundamentals: $10.5B in quarterly revenue, $2.9B net income, and $9B in cash, indicating no financial deterioration justifying an 18.6% pullback. The drop appears driven by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and headline noise from the Texas lawsuit, which is a regulatory nuisance rather than an existential threat. However, at $88.69 the stock's implied valuation must be checked against its earnings power — the low EPS of $0.66 on otherwise strong income suggests possible one-time charges or share-count dynamics worth monitoring, and the price-to-earnings multiple at this level may still be elevated given macro conditions.

  3. May 12, 11:04 AMNFLXdecide

    Netflix's most recent 10-Q shows solid fundamentals: EPS of $0.66, revenue of ~$10.5B, net income of ~$2.9B, and operating cash flow of ~$2.8B with ~$9B in cash — no signs of financial deterioration. The 18.7% pullback appears driven primarily by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and headline risk from the Texas lawsuit, rather than fundamental business deterioration. However, at $88.63 the price level relative to recent history raises questions about where the stock was trading before the 30-day window, and the lawsuit combined with rising streaming cost narrative introduces non-trivial near-term overhang.

  4. May 12, 10:25 AMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in quarterly revenue, $2.89B net income, and $9.0B in cash, indicating no financial deterioration. The 21.6% pullback appears driven by macro noise (elevated inflation expectations at 1.9σ above trend), a Texas lawsuit over data collection (a legal risk but not an existential business threat), and possible sector rotation rather than any earnings miss or guidance cut. However, at $85.43 the stock has fallen sharply and the Texas litigation, rising streaming cost scrutiny, and macro headwinds introduce meaningful uncertainty about a full recovery to $108.95 within 90 days.

  5. May 12, 10:25 AMXOMdecide

    XOM's Q1 2026 financials remain solid — $83.1B revenue, $7.7B net income, $12.95B operating cash flow, and $1.76 EPS — showing no fundamental deterioration. The 15.2% pullback from the 30-day high appears driven by macro headwinds (recession fears, trade uncertainty) and oil price softness rather than company-specific issues, and the upcoming ex-dividend date provides near-term support. However, elevated 5-year inflation breakevens (T5YIE at 1.9σ above trend) create a mixed macro signal — supportive for energy via inflation but offset by demand destruction risk if recession materializes.

  6. May 12, 10:25 AMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in quarterly revenue, $2.9B net income, and $9B in cash, indicating no genuine financial deterioration. The 21.6% pullback appears driven by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and the Texas lawsuit over data collection practices, neither of which represents a structural business impairment. However, at $85.43 the stock has likely undergone a significant re-rating, and the 90-day recovery window to $108.95 is a steep ask given persistent macro pressure and potential litigation overhang.

  7. May 12, 10:25 AMXOMdecide

    XOM's Q1 2026 financials remain solid — $83.1B revenue, $7.7B net income, $13.0B operating cash flow, and $10.7B cash on hand — with no signs of fundamental deterioration. The 15.2% drop from the 30-day high appears driven by macro headwinds (recession fears, trade war uncertainty, oil price pressure from OPEC dynamics) rather than company-specific issues. However, the macro backdrop is genuinely challenging: elevated inflation expectations (T5YIE at 2.62, 1.9σ above trend) and potential demand destruction from a 2026 recession create real near-term headwinds for energy sector recovery within 90 days.

  8. May 11, 11:54 PMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in revenue, $2.9B net income, $2.8B operating cash flow, and $9B in cash — no sign of financial deterioration. The 21.6% drop from the 30-day high appears driven primarily by macro noise (elevated inflation expectations with T5YIE at 1.9σ above trend), sector rotation, and the Texas lawsuit overhang rather than any fundamental business impairment. However, the lawsuit alleging data collection violations involving children is a non-trivial regulatory risk that adds genuine uncertainty, and the price decline is steep enough to suggest either a technical breakdown or elevated pre-existing valuation that partially justified the correction.

  9. May 11, 11:54 PMXOMdecide

    XOM's Q1 2026 financials remain solid — $83.1B revenue, $7.7B net income, $13B operating cash flow, and $10.7B in cash — indicating no fundamental deterioration. The 15.2% drop appears driven by macro headwinds including recession fears, oil price softness likely tied to OPEC+ supply dynamics, and broader risk-off sentiment rather than company-specific issues. However, the 5-year breakeven inflation rate printing 1.9σ above trend is a double-edged signal: it supports energy asset values but also reflects an uncertain macro environment that could suppress oil demand and cap upside.

  10. May 11, 5:39 PMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in revenue, $2.9B net income, $2.8B operating cash flow, and $9B in cash — no signs of financial deterioration. The 21.6% pullback appears driven by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend suggesting rate pressure on growth equities) and headline risk from the Texas data-privacy lawsuit, rather than fundamental business deterioration. However, the lawsuit introduces genuine legal uncertainty, the stock's current price of $85.43 is extremely low relative to its demonstrated earnings power which raises questions about whether this reflects a broader re-rating, and the 90-day window is tight for legal overhangs to resolve.

  11. May 11, 5:39 PMXOMdecide

    XOM's Q1 2026 financials remain robust — $83.1B revenue, $7.7B net income, $13.0B operating cash flow, and $10.7B cash on hand — showing no fundamental deterioration that would justify a 15.2% decline from the 30-day high. The drop appears driven by macro headwinds including recession fears, tariff-related demand uncertainty, and oil price pressure (OPEC+ supply dynamics), rather than company-specific issues. An upcoming ex-dividend date and continued Guyana development activity provide modest positive catalysts, but the 5-year breakeven inflation at 1.9σ above trend signals persistent macro volatility that could suppress energy sector multiples throughout the 90-day window.

  12. May 11, 5:38 PMNFLXdecide

    Netflix's most recent 10-Q shows robust fundamentals: EPS of $0.66, revenue of ~$10.5B, net income of ~$2.9B, and strong operating cash flow of ~$2.8B with ~$9B in cash — no signs of financial deterioration. The 21.6% drop from the 30-day high appears driven by macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and the Texas lawsuit over data collection, rather than a fundamental business breakdown. However, at $85.43, the price implies a meaningful re-rating has already occurred, and the litigation risk plus macro environment create real uncertainty about a full rebound to $108.95 within 90 days.

  13. May 11, 5:38 PMXOMdecide

    XOM's Q1 2026 financials remain solid — $7.7B net income, $13B operating cash flow, and $10.7B cash on hand — indicating no fundamental deterioration. The 15.2% drop from its 30-day high appears driven by macro headwinds (recession fears, trade uncertainty, oil price softness from OPEC+ supply dynamics) rather than company-specific issues. However, the macro overhang is real: elevated 5-year inflation expectations (T5YIE at 2.62, 1.9σ above trend) combined with recession risk and potential OPEC+ supply increases create a challenging near-term environment for oil prices that limits upside conviction.

  14. May 11, 3:13 PMNFLXdecide

    Netflix's most recent 10-Q shows strong fundamentals: $10.5B in quarterly revenue, $2.89B net income, $2.79B operating cash flow, and $9B in cash — no signs of financial deterioration. The 21.6% drop from the 30-day high appears driven by a combination of macro headwinds (elevated 5-year inflation expectations at 1.9σ above trend pressuring growth multiples) and a new Texas lawsuit over data collection, which adds legal uncertainty but is unlikely to be existential. However, at $85.43, NFLX appears to have experienced a significant re-rating; the Texas litigation, rising streaming cost concerns flagged by Trump's NFL comments, and a competitive environment with Comcast as a 'dip buy' comparison suggest the pressure may persist beyond a 90-day window.

  15. May 11, 3:13 PMXOMdecide

    XOM's Q1 2026 financials remain solid — EPS of $1.76, operating cash flow of ~$13B, and $10.7B in cash — showing no fundamental deterioration to justify a 15.2% drawdown. The drop appears driven by macro headwinds (oil price weakness, recession fears, OPEC supply dynamics) and sector rotation rather than company-specific deterioration. However, the 90-day rebound to $176.41 faces meaningful headwinds: elevated 5Y inflation breakevens (T5YIE at 2.62, 1.9σ above trend) signal macro uncertainty, and the broader energy sector is under pressure from demand concerns and potential windfall taxes.

Watching (0)

Names this agent is tracking but hasn't entered.

Nothing on the watchlist right now.

Relevant news

Recent headlines on the tickers this agent holds, watches, or has evaluated.

  1. May 11, 12:11 PMNFLXvia finnhub

    Texas sues Netflix over data collection; shares edge lower

  2. May 11, 10:41 AMXOMvia finnhub

    Trump Says Xi Will Give Him A 'Big, Fat Hug' In China, But What Do Prediction Markets Expect?

  3. May 11, 10:20 AMNFLXvia finnhub

    'Little House on the Prairie' teaser introduces Independence

  4. May 11, 10:15 AMXOMvia finnhub

    Shell Post Q1 Earnings: Is the Stock Worth Betting on Now?

  5. May 11, 10:07 AMXOMvia finnhub

    BP Just Got a Wall Street Double Upgrade: Argus, RBC Both Turn Bullish on Recovery Story

  6. May 11, 10:05 AMNFLXvia finnhub

    Comcast vs Netflix: Which Is the Better Dip Buy Now?

  7. May 11, 9:13 AMXOMvia finnhub

    Will There Be a Recession in 2026?

  8. May 11, 8:56 AMNFLXvia finnhub

    'Sweet Magnolias' trio chase their dreams in Season 5 trailer

  9. May 11, 7:57 AMNFLXvia finnhub

    Is Wall Street Bullish or Bearish on Netflix Stock?

  10. May 11, 7:57 AMXOMvia finnhub

    The Zacks Analyst Blog Micron, Exxon and RWE AG

  11. May 11, 7:54 AMNFLXvia finnhub

    Netflix sued by Texas for allegedly spying on children, addicting users

  12. May 11, 7:29 AMNFLXvia finnhub

    Netflix sued by Texas for allegedly spying on consumers

  13. May 11, 7:00 AMXOMvia finnhub

    Oil giants burnt by Chavez eye Venezuela’s new black gold rush

  14. May 11, 6:53 AMXOMvia finnhub

    Forget The Trump TACO Trade—The NACHO Trade Has Diesel Knocking On $6

  15. May 11, 6:21 AMXOMvia finnhub

    Income Investors Should Know That Exxon Mobil Corporation (NYSE:XOM) Goes Ex-Dividend Soon

  16. May 11, 6:00 AMXOMvia finnhub

    Soaring energy profits reignite calls for windfall tax across Europe

  17. May 11, 3:30 AMNFLXvia finnhub

    Warner Bros. Discovery: Actually Soft, Not Strong, Earnings; But The Merger Would Cure All, Will It Close?

  18. May 11, 3:11 AMNFLXvia finnhub

    Trump rejects Iran's proposal, Alphabet's rally, Target 'baby boutiques' and more in Morning Squawk

  19. May 11, 3:11 AMNFLXvia finnhub

    At TV upfronts, AI is in and corporate shuffles are reshaping the lineup

  20. May 11, 1:38 AMNFLXvia finnhub

    Trump Warns NFL Could Be 'Killing The Golden Goose' With Rising Streaming Costs

  21. May 10, 10:50 PMXOMvia finnhub

    TotalEnergies calls Guyana-Suriname basin among world's most active as low-cost output grows

  22. May 10, 10:40 PMXOMvia finnhub

    ExxonMobil pitches Guyana as investment hub for northern Brazil and Caribbean

  23. May 10, 10:10 PMXOMvia finnhub

    Guyana court overturns ruling forcing ExxonMobil to provide unlimited spill guarantee

  24. May 10, 9:35 PMXOMvia finnhub

    The World Is Burning Through Oil With No Resupply in Sight. Is SHEL Stock a Buy Before the Squeeze Gets Worse?

  25. May 10, 5:08 PMNFLXvia finnhub

    Tracking Baillie Gifford's 13F Portfolio - Q1 2026 Update

  26. May 10, 9:02 AMXOMvia finnhub

    What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market

  27. May 10, 6:59 AMXOMvia finnhub

    Structure Therapeutics Stock Is Up 47%, but One Fund Just Fully Exited a $2.6 Million Position

  28. May 10, 4:53 AMXOMvia finnhub

    Why One Fund’s $4 Million Alumis Buy Looks Like a Bet on a Breakthrough Autoimmune Drug

  29. May 10, 4:00 AMNFLXvia finnhub

    With Netflix new ad-free standard plan at $20, streaming's tipping point into old TV is getting closer

  30. May 10, 4:00 AMNFLXvia finnhub

    Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels

Macro & geopolitical context

High-severity world events that touch this agent's universe or asset class.

  1. May 12, 12:40 PMgeopolitical · severity 3/5

    Stock market rallies despite U.S.-Iran conflict entering third month.

  2. May 12, 12:21 PMpolicy · severity 4/5

    US Appeals court temporarily pauses ruling against Trump's proposed 10% tariffs.

  3. May 12, 11:39 AMgeopolitical · severity 3/5

    Iran conflict disrupts shipping, driving freight costs higher and threatening Zimbabwe agricultural exports.

  4. May 12, 9:33 AMpolicy · severity 3/5

    Bitcoin volatility spikes as US CPI hits multiyear highs from oil prices amid geopolitical tensions.

  5. May 12, 9:08 AMpolicy · severity 3/5

    Trump highlights increased oil exports from Texas and Louisiana ports supporting US producers.

    Tickers:XOMCVX
  6. May 12, 9:00 AMgeopolitical · severity 4/5

    North Korea-linked hackers stole $2.06B in 2025 crypto thefts using advanced infiltration tactics.

  7. May 12, 8:38 AMgeopolitical · severity 4/5

    Pentagon reports $29 billion cumulative costs from US military operations in Iran.

  8. May 12, 8:25 AMgeopolitical · severity 4/5

    Gulf markets decline amid escalating Iran tensions and reduced peace resolution prospects.

    Tickers:XOMCVX
  9. May 12, 8:20 AMgeopolitical · severity 4/5

    Iran conflict creates economic and political risks during Trump's China diplomatic engagement.

  10. May 12, 5:56 AMgeopolitical · severity 3/5

    China's record US ethane imports surge as Iran conflict disrupts alternative feedstock.

    Tickers:XOMCVX
  11. May 12, 5:42 AMgeopolitical · severity 3/5

    Middle East ceasefire negotiations remain fragile amid ongoing regional tensions.

  12. May 12, 5:10 AMgeopolitical · severity 4/5

    Iran redefines Strait of Hormuz boundaries, escalating regional maritime control tensions.

    Tickers:XOMCVX
  13. May 12, 4:40 AMgeopolitical · severity 3/5

    Escalating drone warfare in Lebanon complicates prospects for Iran diplomatic resolution.

  14. May 12, 4:28 AMgeopolitical · severity 4/5

    Iran lawmaker warns of weapons-grade uranium enrichment if military attack occurs.

  15. May 12, 3:36 AMgeopolitical · severity 3/5

    Asian markets shift to coal as Iran conflict constrains global LNG supply availability.

    Tickers:XOMCVX

Closed trades (0)

Every position this agent has closed, win or lose.

No closed trades yet.

Recent runs

Every scheduled run for this agent. Most are no-op; the interesting ones show what changed.

  1. May 12, 1:09 PM1 trigger(s), 0 bought, 1 skipped, 0 analyze failures, 1 watch-listed. Exits: 0.
  2. May 12, 11:06 AM1 trigger(s), 0 bought, 1 skipped, 0 analyze failures, 1 watch-listed. Exits: 0.
  3. May 12, 11:04 AM1 trigger(s), 0 bought, 1 skipped, 0 analyze failures, 1 watch-listed. Exits: 0.
  4. May 12, 10:25 AM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  5. May 12, 10:25 AM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  6. May 11, 11:54 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  7. May 11, 5:38 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  8. May 11, 5:38 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  9. May 11, 3:13 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  10. May 11, 3:08 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures, 2 watch-listed. Exits: 0.
  11. May 11, 2:03 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  12. May 11, 2:01 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  13. May 11, 1:35 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  14. May 11, 1:32 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  15. May 11, 1:31 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  16. May 11, 1:09 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  17. May 11, 12:55 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  18. May 11, 12:34 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  19. May 11, 12:32 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.
  20. May 11, 12:31 PM2 trigger(s), 0 bought, 2 skipped, 0 analyze failures. Exits: 0.