Trade Execution — Buys | SECT Capital Quant Research

Redacted — proprietary method withheld. The space is kept so you can see where detail exists.

Execution summary

I filled 10 market orders at Monday's open for the week of July 27, 2026. I show the ATR-scaled stop and the conviction I carried in; the position weightings stay proprietary.

Ticker	Fill	Shares	Value $	Stop	Composite	Exp. return
SXT	126.61	60.6038	7673.05	GTC ATR stop	n/a	n/a
CFR	164.00	46.7869	7673.05	GTC ATR stop	n/a	n/a
PII	74.01	103.6759	7673.05	GTC ATR stop	n/a	n/a
GD	390.07	19.6710	7673.05	GTC ATR stop	n/a	n/a
BOX	30.66	250.2626	7673.05	GTC ATR stop	n/a	n/a
IQV	211.42	36.2929	7673.05	GTC ATR stop	n/a	n/a
FAF	76.37	100.4720	7673.05	GTC ATR stop	n/a	n/a
BURL	354.25	21.6600	7673.05	GTC ATR stop	n/a	n/a
SEIC	100.45	76.3868	7673.05	GTC ATR stop	n/a	n/a
LH	299.51	25.6187	7673.05	GTC ATR stop	n/a	n/a

Macro environment

VIX

18.70

10Y−2Y

+0.36

HY OAS

2.77

Unemployment

4.2

SPY 20d

+0.74%

Here is how I read the backdrop: volatility sits mid-band at 18.7 (about 1.18% a day), neither complacent nor panicked, the 10y−2y curve has steepened to +0.36, a quieter vote of confidence in duration, high-yield spreads at 2.77 are still contained, so credit is not yet contradicting the tape, and the S&P's trailing month is +0.7%, the trend I am actually trading against.

Volatility is the first thing I price, because it sets the size of every other bet. I scale gross exposure inversely to realised vol — target the risk, not the notional — so a calmer tape lets the book breathe and a violent one pulls it in automatically:

\sigma_{\text{daily}}\approx\dfrac{\mathrm{VIX}}{\sqrt{252}}\qquad w_{\text{gross}}\;\propto\;\dfrac{\sigma_{\text{target}}}{\sigma_{\text{daily}}}

Source: fred · as of 2026-07-26

Per-position evidence

A standing note on method. I run this book in paper-trading mode, so every fill you see is simulated rather than a realised, audited track record — I would rather state that plainly than flatter the numbers. Nothing here is investment advice, an offer, or a solicitation; it is my own research, published so it can be read and argued with in the open. The blacked-out passages mark the parts of the process I keep proprietary. And because the framework recalibrates every week, where my read was wrong I expect the priors — not my ego — to be the first to say so.