The position our engine keeps coming back to is pulling ahead

Today's market and our positions

All 14 CRNX positions closed today at exactly zero — not because they're flat on the year, but because the data feed shows them pinned to their entry prices. That points to either a halt or a pricing lag that hasn't caught up yet. It's not a clean read, and we're calling it out. Set those aside and the rest of the book actually tells a decent story. SPY went nowhere today, -0.01%, closing around $778. On a day where the index barely moved, the positions that were already working kept working. TEAM and HURN are doing the heavy lifting. ASST is doing the opposite.

What our open trades are doing

TEAM has three open legs — days 35, 34, and 13 — and all three are running well above +11%. The Relative Strength Engine entered these across a roughly three-week window, and the thesis has held: the stock is outpacing the index by double digits on every leg. Day 35 is now +15.7% vs SPY's +2.1% over the same stretch. That's the kind of spread you want to see when the engine keeps coming back to the same name. HURN (day 15) is up +11.0% vs SPY's +1.8% over the same window — alpha of about +9.2%. Quiet name, clean chart since entry. No drama, just consistent outperformance. RNG has two legs, days 7 and 6, both slightly green. Small alpha, but they're holding above entry and the stock isn't fighting us. HTFL is the messy one. Three legs open — days 14, 2, and 1 — and all three are slightly negative. The losses are small (-0.06% to -0.75%), but the alpha is negative across all of them, which means the stock has been lagging the index from the moment we entered. Nothing alarming yet — but if it keeps drifting below entry while SPY firms up, the engine's thesis starts to look shaky. ASST (day 5) is the problem child: -4.51% vs SPY's -0.07% over the same window. That's -4.44% of alpha gone in five days. The Relative Strength Engine entered at $28.99; the stock is now at $27.68. If it keeps fading, this one likely gets cut before it becomes a real drag on the book.

Today's closed trades, post-mortem

No trades closed today. Nothing to post-mortem. The book sits 24 positions deep — all open, all still being tracked by the Relative Strength Engine.

What could change by tomorrow's open

The CRNX pricing issue is what needs clarity by tomorrow's open. Fourteen positions pinned exactly to their entry prices isn't normal market behavior — it's either a data problem or those shares simply aren't trading. If it turns out to be a feed issue, the real P&L on those legs could look meaningfully different in either direction. We're not crediting or debiting the system until the numbers clean up. ASST is the other name to watch. A -4.5% move in five days against a nearly flat SPY is the Relative Strength Engine's thesis breaking down in real time. If it opens weak again, that's the position most likely to be closed at a loss. HTFL is on a shorter leash than the raw numbers suggest. Three legs, all slightly red, all lagging the index. The individual losses are small — but they stack.

What we're watching tomorrow

Tomorrow the engines wake up and scan fresh. The biggest single unknown sitting in the book right now is whether CRNX's pricing resolves. If those 14 positions are actually trading and actually flat, the system's alpha is real. If the prices just hadn't updated, we could be looking at a very different number in the morning — in either direction.