Close — The Close

We trimmed twice today, both in the rule-based EMA sleeve, and both were harvests into strength. The autonomous and conviction sleeves did not trade.

Trimmed AMZN, sizing half the position @ 259.04. The harvester's guarantee layer fired: the position's harvest ratio had fallen to 0.0 against a 0.5 floor, so the rule locked in gains by cutting the position in half at the decision price of 259.04 [1]. This account of the day comes from decisions recorded at decision time, not reconstructed after the fact [1].

Trimmed HOOD, sizing 12.5% of the position @ 119.14. The level-one harvest score reached 30, driven mostly by volume (15 of the 30) and distance from the peak (the stock sat 9.45% below its recent high of 121.94 at the decision), with RSI at 67.52 contributing the rest [2]. The rule took a 12.5% trim. That turned out to be selling into the early innings of a much bigger day.

The tape did the rest. The market was firm: SPY rose 1.04% and QQQ 1.19% [3]. Inside our book of seven open names, HOOD was the story, up 16.57% on 251.09% of its own 20-day average volume, a genuinely loud move [4]. Our trim filled in the morning at 119.14, well before the day's full run. The options posture around HOOD as of September 2 showed a gamma flip near 106.70 with a call wall at 110, and the stock blew through both; posture is context, never a trigger [4]. AXON rose 6.16% on 83.69% of normal volume, UMAC 4.08% on 53.61%, and NBIS 3.20% on 47.45%, all quieter than their moves suggest [4]. The three other names in the book moved less than 2% [4]. No harvest or entry rule fired on the other movers; the two trims above were the only triggers the rules produced today.

Receipts 1. Decision record, EMA sleeve, AMZN sell, 2026-09-03 13:43: trigger harvest_level, layer L3_guarantee, reason "harvest_ratio 0.0 < 0.5", trim 50%, price at decision 259.035, fill 259.04.

2. Decision record, EMA sleeve, HOOD sell, 2026-09-03 13:58: trigger harvest_level, L1 score 30 (rsi 3.36, peak 9.45, vol 15), RSI 67.52, gain 9.45% vs peak price 121.94, trim 12.5%, fill 119.14.

3. Daily index tape, 2026-09-03: SPY +1.04%, QQQ +1.19%.

4. Our open positions and daily price/volume tape, 2026-09-03: 7 open names; HOOD +16.57% on 251.09% of 20-day volume, options positioning as of 2026-09-02 (gamma flip 106.7, call wall 110.0, put wall 105.0); AXON +6.16% on 83.69%; UMAC +4.08% on 53.61%; NBIS +3.20% on 47.45%; 3 names under 2%.