{
  "status": "success",
  "provider": "codex",
  "model": "gpt-5.4",
  "priority_order": [
    "NVDA",
    "VRT",
    "AAPL",
    "TSM",
    "VXUS"
  ],
  "portfolio_note": "All provided names are HOLD/WAIT with no immediate executable buy signal, and strict cash available after the required buffer is only about 52k KRW, below the minimum trade size. Treat this as a watchlist ranking rather than an order list. Because the batch is 16/16 WAIT despite bullish stances, require fresh quote/volume confirmation and avoid adding to concentrated AI/semiconductor exposure until triggers are actually met.",
  "reason_by_ticker": {
    "NVDA": {
      "summary": "Highest quality watch candidate: strong AI/fundamental thesis, best data coverage, highest current and triggered scores, and clearly defined risk levels, but still HOLD until breakout above 200.40 or controlled pullback confirmation near 189.12.",
      "reason_codes": [
        "highest_relative_score",
        "constructive_medium_term_thesis",
        "best_data_coverage",
        "entry_action_wait",
        "confirmation_required",
        "existing_position_hold",
        "cash_buffer_limits_new_buys"
      ],
      "review_required": false
    },
    "VRT": {
      "summary": "Constructive AI infrastructure holding with strong trend and fundamentals, but high valuation, event risk, and missing volume confirmation keep it behind NVDA. Add only after confirmed breakout, defended pullback, or earnings/guidance validation.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "strong_trend_support",
        "entry_action_wait",
        "breakout_not_confirmed",
        "earnings_event_risk",
        "high_valuation_volatility_risk",
        "cash_buffer_limits_new_buys"
      ],
      "review_required": false
    },
    "AAPL": {
      "summary": "Quality large-cap thesis with solid cash generation and China/services catalysts, but execution data is degraded and valuation/resistance risks require confirmation before any add. Ranked ahead of TSM due lower fallback burden and slightly better current score, despite stale triggerable data.",
      "reason_codes": [
        "quality_fundamental_thesis",
        "entry_action_wait",
        "degraded_execution_data",
        "confirmation_required",
        "elevated_valuation_risk",
        "nearby_resistance",
        "manual_review_required"
      ],
      "review_required": true
    },
    "TSM": {
      "summary": "Strong AI and 3nm semiconductor thesis, but recent rebound into resistance, high fallback count, VWAP weakness, and geopolitical/capex risks make it less clean than AAPL for near-term prioritization. Hold until support or breakout confirmation.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "entry_action_wait",
        "near_resistance_after_rebound",
        "high_fallback_count",
        "momentum_confirmation_incomplete",
        "geopolitical_capex_risk",
        "manual_review_required"
      ],
      "review_required": true
    },
    "VXUS": {
      "summary": "Lowest priority because the batch contains no substantive analysis, no actionable trigger, and only a rule-derived hold/watch interpretation. Maintain as held diversification only after fresh review.",
      "reason_codes": [
        "missing_analysis_for_held_position",
        "insufficient_data_coverage",
        "no_actionable_trigger",
        "watch_only",
        "rule_only_decision",
        "manual_review_required"
      ],
      "review_required": true
    }
  }
}