{
  "status": "success",
  "provider": "codex",
  "model": "gpt-5.4",
  "priority_order": [
    "ETN",
    "NVDA",
    "AAPL",
    "VRT",
    "TSM"
  ],
  "portfolio_note": "All provided tickers are WAIT/HOLD with no immediate actionable buy, and strict cash available after the required buffer is only about 77k KRW, below the 100k KRW minimum trade size. Because the batch is uniformly bullish but wait-heavy, preserve cash, avoid forced orders, and treat this ranking as trigger priority only; refreshed data and close/volume confirmation should precede any add, especially given existing AI/semiconductor concentration.",
  "reason_by_ticker": {
    "ETN": {
      "summary": "Highest-ranked trigger candidate because data quality is strong, thesis is supported by AI/data-center power infrastructure demand and cash-flow evidence, and it is less portfolio-concentrated than mega-cap semiconductor exposure. Still HOLD/WAIT until 388-390 support, 400 reclaim, or 407.01 breakout confirms with volume and earnings/backlog quality.",
      "reason_codes": [
        "best_data_quality_in_batch",
        "constructive_medium_term_thesis",
        "less_concentrated_than_semis",
        "wait_for_confirmation",
        "breakout_requires_volume",
        "earnings_event_risk",
        "not_actionable_now"
      ],
      "review_required": false
    },
    "NVDA": {
      "summary": "Strong existing overweight hold with durable AI infrastructure fundamentals and improving technicals, but it is already the largest position and adds to high AI/semiconductor concentration. Add only after a confirmed close above the 196.51-200.40 zone with sustained volume or a controlled pullback near 189.12.",
      "reason_codes": [
        "strong_thesis",
        "largest_existing_weight",
        "sector_concentration_risk",
        "entry_action_wait",
        "trigger_not_confirmed",
        "volume_confirmation_incomplete",
        "overbought_chase_risk"
      ],
      "review_required": false
    },
    "AAPL": {
      "summary": "Quality cash-flow and buyback profile gives AAPL a more defensive role than high-beta AI infrastructure names, but confidence is lower and intraday data is stale/degraded. Keep as a hold and only consider triggered adds after a 260-261 support test or a volume-backed close above 266.56 with refreshed data.",
      "reason_codes": [
        "quality_large_cap_hold",
        "cash_flow_support",
        "entry_action_wait",
        "degraded_intraday_data",
        "valuation_risk_high",
        "breakout_or_support_confirmation_required",
        "refresh_quote_before_action"
      ],
      "review_required": true
    },
    "VRT": {
      "summary": "Constructive AI data-center infrastructure thesis and small current weight keep it on the list, but valuation, beta, ATR, earnings risk, and limited company-news coverage argue for ranking it below cleaner large-cap setups. Only a small starter is justified after a volume-backed 310.51-312.46 breakout or a controlled 287-290 support hold.",
      "reason_codes": [
        "bullish_thesis_but_wait_entry",
        "small_existing_weight",
        "valuation_and_volatility_risk",
        "earnings_event_risk",
        "limited_data_coverage",
        "breakout_not_confirmed",
        "pullback_support_not_confirmed"
      ],
      "review_required": false
    },
    "TSM": {
      "summary": "Medium-term thesis remains constructive on AI and 3nm demand, but high fallback count, explicit review flag, Taiwan/geopolitical risk, and semiconductor concentration place it last despite decent thesis strength. Maintain hold and require either 362-365 support confirmation or a 380-385 breakout with renewed MACD and volume before adding.",
      "reason_codes": [
        "bullish_medium_term_thesis",
        "high_fallback_count",
        "review_required",
        "semiconductor_concentration_risk",
        "near_resistance_after_rebound",
        "momentum_cooling",
        "support_or_breakout_needed"
      ],
      "review_required": true
    }
  }
}