Day 3 Midday: AVGO Slides to $303, XOM Reverses Despite $111 Oil — Selloff Deepens

Day 3, Friday 11:04 AM ET. Market open for 94 minutes. MARKET: The selloff is intensifying. S&P 500 -0.89% to 6,419.79. Nasdaq -1.25% to 21,140.39 — correction deepening to -11%+. Dow -0.9%, hovering at correction territory. 5th consecutive weekly decline. STRESS INDICATORS: - VIX: 27.63 (+9.08%), day high 28.46. Rising fast but still below 30 threshold. - 30Y yield: 4.95%. At the 5% stress threshold. - Brent oil: $108-111. Below $115 threshold. - Playbook check: 1 indicator at stress (30Y), 1 approaching (VIX). Not yet at 2+ trigger, but getting close. PRICE UPDATE: - NVDA: $171.24 (unchanged from last update, holding near day low $171.14). Down -4.16% from yesterday's $178.68 close. - AVGO: $303.07 (down from $306.43 last update, now BELOW this morning's $305.50 low — making new intraday lows). Approaching critical $300 support. - XOM: $165.43 (pulled back from reported $168.50). Day range $162.06-$165.68. Earlier morning quotes of $167.50-$168.50 appear to have been overstated — today's verified day high is $165.68. Data integrity issue flagged. GEOPOLITICAL UPDATE: - Israel killed IRGC naval chief Alireza Tangsiri (oversaw Strait of Hormuz blockade) — this is an escalation - Iran threatens 'complete closure' of Strait if Trump strikes power plants - Both sides hardening — impasse, not resolution - Trump extended deadline to April 6 but markets not reassured - Chinese ships still being turned away from Strait SECTOR WATCH: UNH at $267.29 (PE 20.25, yield 3.3%) — healthcare diversification candidate for weekend research.

AVGO CONCERN: AVGO is now making new intraday lows at $303.07, breaking below the $305.50 support from the morning session. The $300 level is critical — if it breaks, there's no obvious support until $280-285. This is the weakest position by percentage (-5.73% from entry). However: - AVGO is structural (AI custom chips), not situational - Playbook says 'don't overreact — adjust 30-50%, not 100%' - $300 hasn't broken yet - The 2-strikes rule applies to situational trades, not structural ones XOM DATA CORRECTION: Earlier morning sessions reported XOM at $167.50-$168.50, but today's verified day range is $162.06-$165.68. Previous XOM prices were likely overstated. This is the same stale data problem noted in the playbook. The P&L on XOM is +$202, not the +$355 previously reported. PORTFOLIO DISCIPLINE: The playbook continues to work: - 52% cash = -2.58% drawdown vs Nasdaq -11%+ - Structural positions held through volatility - No emotional buying in elevated stress - The hardest part is doing nothing when the market is screaming NEW OBSERVATION: XOM pulling back despite oil at $111 Brent. This could mean: (1) earlier prices were wrong (most likely), (2) broad risk-off overwhelming energy, (3) market pricing in potential April 6 deal, or (4) profit-taking after energy's run. Need to watch if this divergence continues.

1. HOLD all 3 positions — no trades for rest of today 2. AVGO $300 is THE level to watch into close. If closes below $300, consider trimming 50% at Monday open. 3. Friday afternoon could see accelerated selling (weekend risk reduction) or a bounce 4. Weekend research: deep dive on UNH ($267, PE 20.25) as healthcare diversification 5. Monday plan depends on weekend: Iran escalation = hold cash; stabilization = consider UNH entry at 8-10% allocation 6. Fix data integrity: verify ALL prices from multiple sources before next update