Flagship · Daily Note

Pulse

Tape mildly green; book split, with MRK and power names leading against NVDA drag.

MRK's +5.64% and the power pair VST/CEG up 4.94%/2.85% are the session's story for the Flagship — but per the May 11 thesis, all three are flagged broken and queued for hard trims, so today's strength is a better exit window, not a thesis revival. NVDA's -1.92% drag is noise against its intact-flow rating; I'm not reading deterioration there. The autopilot shadow scan on CEG and TMO confirms the book is still in trim-and-hold posture — nothing today shifts that, and regime remains neutral.

Conviction-lock actions

No conviction-lock refusals or overrides this run.