# TSM Intraday Execution Update

- Analysis As-Of: `2026-04-17T20:48:47.133505+09:00`
- Market Data As-Of: `2026-04-16T15:55:00-04:00`
- Execution As-Of: `2026-04-17T22:26:21.693199+09:00`
- Decision State: **DEGRADED**
- Decision Now: **NONE**
- Decision If Triggered: **NONE**
- Staleness: `63081s`
- Data Health: `STALE`

## Explanation

- `TSM` remains `BULLISH` with `thesis_state: constructive`, `primary_setup: watch_only`, `entry_action_base: WAIT`, `setup_quality: DEVELOPING`, and `confidence: 0.72`; the contract still calls for `action_if_triggered: NONE`.
- The intraday update is `DEGRADED` because data is stale (`staleness_seconds: 63081`, `data_health: STALE`), even though `last_price: 363.24969482421875`, `session_vwap: 365.6314852004525`, and `relative_volume: 1.8620913656598255` are recorded.
- Triggers stay unchanged: a constructive pullback is still about defending `362-365`, while a breakout needs `380-385` with close confirmation; risk remains below `353`, and the thesis still points to `58%` Q1 earnings growth, stronger `3nm` / AI demand, and elevated capex pressure.