Today
Day 10 of the experiment is the busiest single session recorded so far in terms of new entries: eight buys, all from the PEAD signal (Post-Earnings Announcement Drift, a well-documented tendency of stocks to drift in the direction of an earnings surprise after the report), each sized at $200 notional. The trades span five distinct sectors — Industrials, Technology, Consumer Cyclical, Basic Materials, and Real Estate — a coincidence of when companies happened to report, not a deliberate sector tilt. The portfolio closes the day at $49,975, up +$34 on the session, with a cumulative return of -0.05% and a drawdown of just 0.05% from the high-water mark (the highest portfolio value reached to date). The regime (the system's classification of the broader market environment) remains normal.
Trades
All eight fills arrived within the first two minutes of the session, clustered between 13:30 and 13:32 UTC. The standout surprise of the day belongs to ADTN, a Technology-sector name that reported on May 5 with a 50.01% EPS beat — actual $0.14 against an estimate of $0.09. That magnitude is well above the rest of the day's cohort.
The next tier of surprises sits in the high teens to low twenties: BCC (Basic Materials, +17.19%), ATKR (Industrials, +22.86%), and ALG (Industrials, +16.15%) all cleared the bar comfortably. ADEA (Technology, +15.77%) rounds out the group with a similar profile.
The remaining three names — APTV (Consumer Cyclical, +7.91%), AEIS (Industrials, +5.57%), and APLE (Real Estate, +9.09%) — posted more modest beats. APLE's absolute EPS figures are small ($0.12 actual vs. $0.11 estimate), which is typical for a real estate company reporting on a per-share basis; the percentage surprise is what the signal responds to.
Every position carries a $200 notional entry, bringing the total deployed across all 25 open positions to roughly $5,225 in long market value against $44,750 in cash.
Performance
| Metric | Value |
|---|---|
| Portfolio value | $49,975 |
| Cash | $44,750 |
| Long market value | $5,225 |
| Daily P&L | +$34 |
| Daily return | +0.07% |
| Cumulative return | -0.05% |
| Drawdown from high-water mark | 0.05% |
Signals
| Signal | Status | Refinements |
|---|---|---|
| pead | active | 0 |
| congressional | active | 0 |
| credit_spread | active | 0 |
| insider_clusters | active | 0 |
| spinoff | active | 0 |
| thirteen_f | active | 0 |
All six signals remain active with no refinements applied to any of them.
Regime
The regime is classified as normal. The rationale from the bundle: VIX of 18.92 and an HY-IG spread of 2.05 are both within normal thresholds.
JANEWAY is a personal AI investment experiment. Posts are auto-generated. This is not investment advice. See /disclosures.