Arena run #803

You are an Arena strategy executor. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices, fundamentals, earnings dates, or sentiment. If a field is null/empty, treat it as unknown. You are a constrained selector (no narrative).

{"task": "stage1_universe_scan", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "selection_rules": {"horizon": "2-10 trading days", "target": "short-term mean reversion in liquid equities", "constraints": ["Select exactly 5 candidates", "Avoid earnings within 5 trading days (if known)", "Avoid highly binary/event-driven moves (if known)", "Avoid sector concentration: max 1 per sector unless clearly justified (sector may be unknown)"]}, "universe": [{"symbol": "CRST_CFD.UK", "name": "CREST NICHOLSON HOLDINGS", "sector": "", "last_price": 167.8, "change_1d_pct": 24.85119047619049, "distance_from_ma200_pct": 1.2720261375977815, "distance_from_ma50_pct": 17.82963155418549, "volatility_20d_pct": 158.46878099582966, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "MSLH_CFD.UK", "name": "MARSHALLS PLC", "sector": "", "last_price": 179.0, "change_1d_pct": 2.052451539338662, "distance_from_ma200_pct": -18.41965657865713, "distance_from_ma50_pct": 4.539832012082234, "volatility_20d_pct": 102.90810964969117, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "LMP_CFD.UK", "name": "LONDONMETRIC PROPERTY PLC", "sector": "", "last_price": 214.0, "change_1d_pct": 11.57455683003128, "distance_from_ma200_pct": 12.507879494597773, "distance_from_ma50_pct": 10.77384329331672, "volatility_20d_pct": 54.89150861607771, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SPX_CFD.UK", "name": "SPIRAX-SARCO ENGINEERING PLC", "sector": "", "last_price": 7608.71, "change_1d_pct": 10.91413994169097, "distance_from_ma200_pct": 15.905097055024719, "distance_from_ma50_pct": 8.459177525660632, "volatility_20d_pct": 84.71063298478786, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ESNT_CFD.UK", "name": "ESSENTRA PLC", "sector": "", "last_price": 108.4, "change_1d_pct": 4.230769230769238, "distance_from_ma200_pct": 7.40452119530135, "distance_from_ma50_pct": 9.771484932749797, "volatility_20d_pct": 98.9832071461764, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "JDW_CFD.UK", "name": "WETHERSPOON (J.D.) PLC", "sector": "", "last_price": 748.5, "change_1d_pct": 9.750733137829904, "distance_from_ma200_pct": 6.242631058659898, "distance_from_ma50_pct": 5.290077328071208, "volatility_20d_pct": 98.2373545531062, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "UTG_CFD.UK", "name": "UNITE GROUP PLC/THE", "sector": "", "last_price": 567.5, "change_1d_pct": 3.4639927073837784, "distance_from_ma200_pct": -23.929923575376698, "distance_from_ma50_pct": -3.6875042216270137, "volatility_20d_pct": 73.84223442053181, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PAG_CFD.UK", "name": "PARAGON BANKING GROUP PLC", "sector": "", "last_price": 852.5, "change_1d_pct": -3.399433427762044, "distance_from_ma200_pct": -1.3404962254783492, "distance_from_ma50_pct": 0.699141440891915, "volatility_20d_pct": 71.52779356208148, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "INVP_CFD.UK", "name": "INVESTEC PLC", "sector": "", "last_price": 623.5, "change_1d_pct": 8.529155787641418, "distance_from_ma200_pct": 17.34715626999408, "distance_from_ma50_pct": 9.569618971869698, "volatility_20d_pct": 76.97154585310399, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BME_CFD.UK", "name": "B&M EUROPEAN VALUE RETAIL SA", "sector": "", "last_price": 175.0, "change_1d_pct": -2.7237354085603127, "distance_from_ma200_pct": -19.458633148571437, "distance_from_ma50_pct": 0.9348295527952688, "volatility_20d_pct": 108.97608622337773, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "RHIM_CFD.UK", "name": "RHI MAGNESITA NV", "sector": "", "last_price": 2550.0, "change_1d_pct": -6.764168190127973, "distance_from_ma200_pct": -2.35709026809392, "distance_from_ma50_pct": 0.9429816244979738, "volatility_20d_pct": 151.25590362229855, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CBG_CFD.UK", "name": "CLOSE BROTHERS GROUP PLC", "sector": "", "last_price": 372.74, "change_1d_pct": -26.625984251968504, "distance_from_ma200_pct": -13.365429078084645, "distance_from_ma50_pct": -22.129222788055436, "volatility_20d_pct": 169.0552301316783, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ANTO_CFD.UK", "name": "ANTOFAGASTA PLC", "sector": "", "last_price": 3259.0, "change_1d_pct": -9.321090706733449, "distance_from_ma200_pct": 18.26423019611667, "distance_from_ma50_pct": -12.880389774045042, "volatility_20d_pct": 131.0149196933384, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "IWG_CFD.UK", "name": "IWG PLC", "sector": "", "last_price": 189.6, "change_1d_pct": -24.09927942353883, "distance_from_ma200_pct": -11.798015594910993, "distance_from_ma50_pct": -17.03351041019402, "volatility_20d_pct": 148.96998448946707, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SYNT_CFD.UK", "name": "SYNTHOMER PLC", "sector": "", "last_price": 29.05, "change_1d_pct": 54.850746268656714, "distance_from_ma200_pct": -60.840559744095415, "distance_from_ma50_pct": -40.45886640240379, "volatility_20d_pct": 547.5939414040645, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "EMG_CFD.UK", "name": "MAN GROUP PLC/JERSEY", "sector": "", "last_price": 269.6, "change_1d_pct": 2.353834472285521, "distance_from_ma200_pct": 42.186331073171914, "distance_from_ma50_pct": 15.516783354614262, "volatility_20d_pct": 86.92367167139048, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ABDN_CFD.UK", "name": "Aberdeen Group Plc", "sector": "", "last_price": 215.2, "change_1d_pct": -0.6463527239150557, "distance_from_ma200_pct": 13.219747060140353, "distance_from_ma50_pct": 3.663782514155023, "volatility_20d_pct": 74.75396598460024, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "OCDO_CFD.UK", "name": "OCADO GROUP PLC", "sector": "", "last_price": 217.0, "change_1d_pct": -21.148255813953487, "distance_from_ma200_pct": -15.81606625159202, "distance_from_ma50_pct": -5.48311196636071, "volatility_20d_pct": 241.3119670937803, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HWDN_CFD.UK", "name": "HOWDEN JOINERY GROUP PLC", "sector": "", "last_price": 843.0, "change_1d_pct": -2.686229466563539, "distance_from_ma200_pct": 2.9144756901175572, "distance_from_ma50_pct": 0.6796292983215046, "volatility_20d_pct": 44.16384759940265, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "JMAT_CFD.UK", "name": "JOHNSON MATTHEY PLC", "sector": "", "last_price": 1921.0, "change_1d_pct": -15.523306948109061, "distance_from_ma200_pct": 2.5989307920274207, "distance_from_ma50_pct": -10.67077367201248, "volatility_20d_pct": 123.66479524785584, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "IMI_CFD.UK", "name": "IMI PLC", "sector": "", "last_price": 2676.0, "change_1d_pct": 1.5945330296127658, "distance_from_ma200_pct": 20.655603593859716, "distance_from_ma50_pct": 2.743599661176499, "volatility_20d_pct": 90.40898907393799, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FUR_CFD.NL", "name": "Fugro", "sector": "", "last_price": 9.99, "change_1d_pct": -3.4782608695652084, "distance_from_ma200_pct": -13.243670652478812, "distance_from_ma50_pct": -6.214443163511685, "volatility_20d_pct": 88.00731385157378, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "DCC_CFD.UK", "name": "DCC PLC", "sector": "", "last_price": 4738.0, "change_1d_pct": 4.131868131868122, "distance_from_ma200_pct": -1.2358165497191043, "distance_from_ma50_pct": -1.6950365081147445, "volatility_20d_pct": 101.79870451788292, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ALTA_CFD.FR", "name": "Altarea", "sector": "", "last_price": 112.4, "change_1d_pct": -4.58404074702885, "distance_from_ma200_pct": 4.9505471901171605, "distance_from_ma50_pct": -4.548290921863085, "volatility_20d_pct": 75.0741387586217, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BPOST_CFD.BE", "name": "Bpost", "sector": "", "last_price": 1.792, "change_1d_pct": -2.0765027322404372, "distance_from_ma200_pct": -15.503185133841635, "distance_from_ma50_pct": -14.773808164973556, "volatility_20d_pct": 88.14495265266997, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "COV_CFD.FR", "name": "Covivio SA", "sector": "", "last_price": 54.021, "change_1d_pct": -3.705882352941181, "distance_from_ma200_pct": -2.6605065109671977, "distance_from_ma50_pct": -3.181821603352475, "volatility_20d_pct": 55.880099277383636, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "STJ_CFD.UK", "name": "ST JAMES'S PLACE PLC", "sector": "", "last_price": 1280.0, "change_1d_pct": -14.836992681304062, "distance_from_ma200_pct": 4.633703562254432, "distance_from_ma50_pct": -6.669417974449299, "volatility_20d_pct": 125.87476157380789, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "LIO_CFD.UK", "name": "LIONTRUST ASSET MANAGEMENT", "sector": "", "last_price": 270.0, "change_1d_pct": 7.784431137724557, "distance_from_ma200_pct": -17.148878096081223, "distance_from_ma50_pct": 4.440258238208905, "volatility_20d_pct": 138.52252179896075, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "OPTU_CFD.US", "name": "Optimum Communications Inc.", "sector": "", "last_price": 1.3, "change_1d_pct": -9.090909090909083, "distance_from_ma200_pct": -36.95288440553844, "distance_from_ma50_pct": -18.709354677338663, "volatility_20d_pct": 127.6568567850477, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ADM_CFD.UK", "name": "ADMIRAL GROUP PLC", "sector": "", "last_price": 3260.0, "change_1d_pct": 13.906359189378058, "distance_from_ma200_pct": 0.982877810981142, "distance_from_ma50_pct": 10.999045203918524, "volatility_20d_pct": 81.6824895770128, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SMIN_CFD.UK", "name": "SMITHS GROUP PLC", "sector": "", "last_price": 2544.0, "change_1d_pct": 1.4333845019038671, "distance_from_ma200_pct": 14.948150770494873, "distance_from_ma50_pct": 4.167383226889343, "volatility_20d_pct": 72.718462979927, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "APAM_CFD.NL", "name": "Aperam SA", "sector": "", "last_price": 33.22, "change_1d_pct": -5.839002267573701, "distance_from_ma200_pct": 11.220385940096001, "distance_from_ma50_pct": -10.738612455644725, "volatility_20d_pct": 98.79392095847959, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "XRX_CFD.US", "name": "Xerox Corp", "sector": "", "last_price": 1.41, "change_1d_pct": -7.843137254901967, "distance_from_ma200_pct": -58.53185106758426, "distance_from_ma50_pct": -30.2739590544951, "volatility_20d_pct": 131.04334057422258, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "REC_CFD.BE", "name": "Recticel SA", "sector": "", "last_price": 8.75, "change_1d_pct": -7.407407407407396, "distance_from_ma200_pct": -10.30640868397975, "distance_from_ma50_pct": -14.48397185301017, "volatility_20d_pct": 79.41482349411139, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "VSVS_CFD.UK", "name": "VESUVIUS PLC", "sector": "", "last_price": 394.2, "change_1d_pct": -13.817227809357234, "distance_from_ma200_pct": 0.3255617926055221, "distance_from_ma50_pct": -12.75170756107602, "volatility_20d_pct": 119.59992452619474, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "MKS_CFD.UK", "name": "MARKS & SPENCER GROUP PLC", "sector": "", "last_price": 360.7, "change_1d_pct": -2.592492573588989, "distance_from_ma200_pct": 0.16685682262786994, "distance_from_ma50_pct": 1.2088381382512114, "volatility_20d_pct": 111.18292243780117, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HDD_CFD.DE", "name": "Heidelberger Druckmaschinen AG", "sector": "", "last_price": 1.4020000000000001, "change_1d_pct": 4.470938897168408, "distance_from_ma200_pct": -23.469318129092297, "distance_from_ma50_pct": -12.59787541768489, "volatility_20d_pct": 90.25830766182494, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CMBT_CFD.BE", "name": "Euronav", "sector": "", "last_price": 10.72, "change_1d_pct": 2.0952380952381056, "distance_from_ma200_pct": 21.039813291571583, "distance_from_ma50_pct": -1.7755534745981572, "volatility_20d_pct": 85.15590360214311, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "LOTB_CFD.BE", "name": "Lotus Bakeries NV", "sector": "", "last_price": 9740.0, "change_1d_pct": -4.8828125, "distance_from_ma200_pct": 13.007683836217021, "distance_from_ma50_pct": 0.5497050309365648, "volatility_20d_pct": 59.64920666059652, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "III_CFD.UK", "name": "3I GROUP PLC", "sector": "", "last_price": 2740.0, "change_1d_pct": -7.118644067796609, "distance_from_ma200_pct": -26.416581513106042, "distance_from_ma50_pct": -14.205507618143876, "volatility_20d_pct": 114.49622440194238, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "NXI_CFD.FR", "name": "Nexity SA", "sector": "", "last_price": 7.86, "change_1d_pct": -4.379562043795627, "distance_from_ma200_pct": -16.263877451225838, "distance_from_ma50_pct": -9.42321254891838, "volatility_20d_pct": 91.82911896505973, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "WHA_CFD.NL", "name": "Wereldhave", "sector": "", "last_price": 21.2, "change_1d_pct": -1.85185185185186, "distance_from_ma200_pct": 16.723119546497635, "distance_from_ma50_pct": 1.2551821638041583, "volatility_20d_pct": 57.72084549191143, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FNTN_CFD.DE", "name": "FREENET AG", "sector": "", "last_price": 25.52, "change_1d_pct": -6.99708454810496, "distance_from_ma200_pct": -9.672845452256063, "distance_from_ma50_pct": -13.46788308941358, "volatility_20d_pct": 84.65989791678379, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ONTEX_CFD.BE", "name": "Ontex Group NV", "sector": "", "last_price": 4.26, "change_1d_pct": 3.147699757869238, "distance_from_ma200_pct": -27.949260042283296, "distance_from_ma50_pct": -10.489157841654063, "volatility_20d_pct": 74.5493332175651, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "UTDI_CFD.DE", "name": "", "sector": "", "last_price": 27.36, "change_1d_pct": 4.427480916030535, "distance_from_ma200_pct": 3.7512366912304973, "distance_from_ma50_pct": -0.043694349984435554, "volatility_20d_pct": 111.32133694601802, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "AAL_CFD.UK", "name": "ANGLO AMERICAN PLC", "sector": "", "last_price": 2900.0, "change_1d_pct": -7.4074074074074066, "distance_from_ma200_pct": 4.752248290280758, "distance_from_ma50_pct": -14.758005325567103, "volatility_20d_pct": 97.09288799946901, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SHUR_CFD.BE", "name": "", "sector": "", "last_price": 25.95, "change_1d_pct": -6.486486486486487, "distance_from_ma200_pct": -22.326365753919152, "distance_from_ma50_pct": -14.43251445744279, "volatility_20d_pct": 105.91501537481747, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "KGF_CFD.UK", "name": "KINGFISHER PLC", "sector": "", "last_price": 309.6, "change_1d_pct": -14.143094841930115, "distance_from_ma200_pct": 5.598205649094723, "distance_from_ma50_pct": -4.786156349988369, "volatility_20d_pct": 104.60870893174696, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SSE_CFD.UK", "name": "SSE PLC", "sector": "", "last_price": 2684.0, "change_1d_pct": 0.18663680477790656, "distance_from_ma200_pct": 31.063227728388853, "distance_from_ma50_pct": 6.809869359272902, "volatility_20d_pct": 73.61489335463473, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ELI_CFD.BE", "name": "Elia Group SA/NV", "sector": "", "last_price": 128.5, "change_1d_pct": -5.02586844050259, "distance_from_ma200_pct": 28.10807895405585, "distance_from_ma50_pct": 3.9977377861738495, "volatility_20d_pct": 65.94863383745387, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}], "output_schema": {"selected_stocks": [{"symbol": "string", "mean_reversion_score": "integer 0-100", "selection_reason": "short, concrete, indicator-based"}], "rejected_common_reasons": ["string"]}}

{
  "selected_stocks": [
    {
      "symbol": "CRST_CFD.UK",
      "selection_reason": "High 1-day change (+24.85%) with moderate distance from MA200 (+1.27%)",
      "mean_reversion_score": 85
    },
    {
      "symbol": "LMP_CFD.UK",
      "selection_reason": "Significant 1-day change (+11.57%) and positive distance from MA200 (+12.51%)",
      "mean_reversion_score": 78
    },
    {
      "symbol": "SPX_CFD.UK",
      "selection_reason": "High 1-day change (+10.91%) and strong distance from MA200 (+15.91%)",
      "mean_reversion_score": 82
    },
    {
      "symbol": "JDW_CFD.UK",
      "selection_reason": "Moderate 1-day change (+9.75%) and positive distance from MA200 (+6.24%)",
      "mean_reversion_score": 76
    },
    {
      "symbol": "INVP_CFD.UK",
      "selection_reason": "Significant 1-day change (+8.53%) and strong distance from MA200 (+17.35%)",
      "mean_reversion_score": 80
    }
  ],
  "rejected_common_reasons": [
    "Avoiding highly binary/event-driven moves",
    "Avoiding sector concentration",
    "Avoiding earnings within 5 trading days (if known)"
  ]
}

You are an Arena portfolio manager. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices/fundamentals/news/earnings. If a field is null/empty, treat it as unknown. Avoid overtrading: if changes are marginal, prefer HOLD. Do not churn.

{"task": "stage2_portfolio_management", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "portfolio_constraints": {"initial_equity": 10000.0, "max_positions": 10, "fixed_position_size": 3000.0, "max_gross_leverage": 3.0, "overtrading_rules": ["Max 2 SELL actions per run unless risk event forces more", "Max 2 BUY actions per run", "If no clear improvement vs current holdings, output HOLD for everything"]}, "current_portfolio": [{"symbol": "ABF_CFD.UK", "qty": 1.6220600162206003, "avg_price": 1849.5, "last_price": 1751.5, "unrealized_pnl": -158.96188158961883, "opened_at": "2026-03-10T10:41:24.306870+00:00"}, {"symbol": "ADJ_CFD.DE", "qty": 0.0, "avg_price": 0.184, "last_price": 0.2, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T21:00:47.737392+00:00"}, {"symbol": "ADS_CFD.DE", "qty": 21.873860736419978, "avg_price": 137.15, "last_price": 131.601, "unrealized_pnl": -121.3780532263946, "opened_at": "2026-03-04T10:26:53.527562+00:00"}, {"symbol": "AIR_CFD.DE", "qty": 0.0, "avg_price": 200.984, "last_price": 187.12, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T09:33:49.074031+00:00"}, {"symbol": "AMH_CFD.US", "qty": 0.0, "avg_price": 29.634999999999998, "last_price": 28.67, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T17:33:34.647633+00:00"}, {"symbol": "AML_CFD.UK", "qty": 0.0, "avg_price": 39.92, "last_price": 36.92, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "ATG_CFD.UK", "qty": 10.135135135135135, "avg_price": 296.0, "last_price": 320.0, "unrealized_pnl": 243.24324324324323, "opened_at": "2026-02-16T21:00:47.737392+00:00"}, {"symbol": "BBY_CFD.UK", "qty": 4.129387474191328, "avg_price": 726.5, "last_price": 726.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-06T18:02:13.212382+00:00"}, {"symbol": "BIG_CFD.FR", "qty": 0.0, "avg_price": 0.453, "last_price": 0.296, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T17:33:48.338981+00:00"}, {"symbol": "BLND_CFD.UK", "qty": 8.237232289950576, "avg_price": 364.2, "last_price": 361.4, "unrealized_pnl": -23.064250411861707, "opened_at": "2026-03-10T10:41:24.306870+00:00"}, {"symbol": "BTRW_CFD.UK", "qty": 11.63241566498643, "avg_price": 257.9, "last_price": 257.9, "unrealized_pnl": 0.0, "opened_at": "2026-03-20T18:25:08.105367+00:00"}, {"symbol": "BT_CFD.UK", "qty": 0.0, "avg_price": 204.0, "last_price": 203.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T09:33:49.074031+00:00"}, {"symbol": "BYIT_CFD.UK", "qty": 10.252904989747094, "avg_price": 292.6, "last_price": 292.6, "unrealized_pnl": 0.0, "opened_at": "2026-03-04T18:49:26.891792+00:00"}, {"symbol": "BYW6_CFD.DE", "qty": 0.0, "avg_price": 3.005, "last_price": 2.94, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "CBG_CFD.UK", "qty": 8.748396127376648, "avg_price": 342.92, "last_price": 342.92, "unrealized_pnl": 0.0, "opened_at": "2026-03-08T18:08:31.007911+00:00"}, {"symbol": "CCC_CFD.UK", "qty": 0.0, "avg_price": 2978.0, "last_price": 2926.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-25T17:57:28.313088+00:00"}, {"symbol": "CCL_CFD.UK", "qty": 0.0, "avg_price": 1945.9999999999998, "last_price": 1849.0, "unrealized_pnl": 0.0, "opened_at": "2026-03-02T10:31:26.559356+00:00"}, {"symbol": "CO_CFD.FR", "qty": 0.0, "avg_price": 0.171, "last_price": 0.165, "unrealized_pnl": 0.0, "opened_at": "2026-03-06T10:33:43.857578+00:00"}, {"symbol": "CRDA_CFD.UK", "qty": 0.0, "avg_price": 2911.0, "last_price": 2852.0, "unrealized_pnl": 0.0, "opened_at": "2026-03-02T10:31:26.559356+00:00"}, {"symbol": "CRST_CFD.UK", "qty": 50.49229992426155, "avg_price": 118.83, "last_price": 118.83, "unrealized_pnl": 0.0, "opened_at": "2026-03-20T10:26:40.341409+00:00"}, {"symbol": "CRWD_CFD.US", "qty": 0.0, "avg_price": 422.705, "last_price": 388.21500000000003, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T17:33:34.647633+00:00"}, {"symbol": "EMG_CFD.UK", "qty": 11.857707509881424, "avg_price": 252.99999999999997, "last_price": 253.0, "unrealized_pnl": 3.370163173565693e-13, "opened_at": "2026-03-15T18:15:23.812047+00:00"}, {"symbol": "ERA_CFD.FR", "qty": 63.29113924050633, "avg_price": 47.4, "last_price": 45.76, "unrealized_pnl": -103.79746835443042, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "ESNT_CFD.UK", "qty": 31.413612565445025, "avg_price": 95.5, "last_price": 95.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-20T10:26:40.341409+00:00"}, {"symbol": "EZJ_CFD.UK", "qty": 0.0, "avg_price": 474.05, "last_price": 437.5, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T09:32:59.506254+00:00"}, {"symbol": "FLO_CFD.US", "qty": 0.0, "avg_price": 9.875, "last_price": 9.245000000000001, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "FRVIA_CFD.FR", "qty": 0.0, "avg_price": 12.709, "last_price": 11.64, "unrealized_pnl": 0.0, "opened_at": "2026-02-26T10:33:24.101894+00:00"}, {"symbol": "FUTR_CFD.UK", "qty": 22.466300549176236, "avg_price": 400.6, "last_price": 414.2, "unrealized_pnl": 305.54168746879606, "opened_at": "2026-02-18T09:36:37.284518+00:00"}, {"symbol": "GRI_CFD.UK", "qty": 15.822784810126583, "avg_price": 189.6, "last_price": 189.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T09:32:59.506254+00:00"}, {"symbol": "HAIN_CFD.US", "qty": 0.0, "avg_price": 0.7051, "last_price": 0.6, "unrealized_pnl": 0.0, "opened_at": "2026-03-20T18:25:08.105367+00:00"}, {"symbol": "HIK_CFD.UK", "qty": 0.0, "avg_price": 1408.0, "last_price": 1275.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-26T10:33:24.101894+00:00"}, {"symbol": "HMSO_CFD.UK", "qty": 8.600917431192661, "avg_price": 348.8, "last_price": 348.8, "unrealized_pnl": 0.0, "opened_at": "2026-03-16T10:12:30.296045+00:00"}, {"symbol": "IEP_CFD.BE", "qty": 582.5242718446601, "avg_price": 5.15, "last_price": 5.5, "unrealized_pnl": 203.88349514563083, "opened_at": "2026-02-24T18:14:37.115518+00:00"}, {"symbol": "IHG_CFD.UK", "qty": 23.21083172147002, "avg_price": 129.25, "last_price": 134.6, "unrealized_pnl": 124.17794970986446, "opened_at": "2026-03-07T10:14:47.113218+00:00"}, {"symbol": "JDW_CFD.UK", "qty": 4.514672686230249, "avg_price": 664.5, "last_price": 664.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-15T10:35:48.762746+00:00"}, {"symbol": "KGF_CFD.UK", "qty": 0.0, "avg_price": 315.6, "last_price": 298.6, "unrealized_pnl": 0.0, "opened_at": "2026-03-15T18:15:23.812047+00:00"}, {"symbol": "LXS_CFD.DE", "qty": 0.0, "avg_price": 20.34, "last_price": 20.025, "unrealized_pnl": 0.0, "opened_at": "2026-02-18T09:36:37.284518+00:00"}, {"symbol": "MCG_CFD.UK", "qty": 0.0, "avg_price": 25.72, "last_price": 23.88, "unrealized_pnl": 0.0, "opened_at": "2026-03-08T18:08:31.007911+00:00"}, {"symbol": "MSLH_CFD.UK", "qty": 21.30681818181818, "avg_price": 140.8, "last_price": 140.8, "unrealized_pnl": 0.0, "opened_at": "2026-03-21T17:59:11.913241+00:00"}, {"symbol": "OCDO_CFD.UK", "qty": 0.0, "avg_price": 217.0, "last_price": 204.3, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "OSB_CFD.UK", "qty": 16.257767654958133, "avg_price": 553.5815365927725, "last_price": 544.0, "unrealized_pnl": -155.77439570277488, "opened_at": "2026-03-12T18:01:52.554929+00:00"}, {"symbol": "PAGE_CFD.UK", "qty": 59.24560595089197, "avg_price": 151.91000000000003, "last_price": 152.7, "unrealized_pnl": 46.804028701202505, "opened_at": "2026-03-05T10:27:11.178069+00:00"}, {"symbol": "PSN_CFD.UK", "qty": 2.6954177897574123, "avg_price": 1113.0, "last_price": 1113.0, "unrealized_pnl": 0.0, "opened_at": "2026-03-21T17:59:11.913241+00:00"}, {"symbol": "RHIM_CFD.UK", "qty": 0.0, "avg_price": 2550.0, "last_price": 2325.0, "unrealized_pnl": 0.0, "opened_at": "2026-03-10T18:24:41.570614+00:00"}, {"symbol": "RMV_CFD.UK", "qty": 0.0, "avg_price": 424.3, "last_price": 416.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T17:32:49.140800+00:00"}, {"symbol": "ROR_CFD.UK", "qty": 0.0, "avg_price": 315.64, "last_price": 309.4, "unrealized_pnl": 0.0, "opened_at": "2026-03-16T10:12:30.296045+00:00"}, {"symbol": "SAFE_CFD.UK", "qty": 0.0, "avg_price": 708.0, "last_price": 643.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-10T18:24:41.570614+00:00"}, {"symbol": "SYNT_CFD.UK", "qty": 326.0869565217392, "avg_price": 18.4, "last_price": 27.2, "unrealized_pnl": 2869.565217391305, "opened_at": "2026-03-03T18:03:34.247734+00:00"}, {"symbol": "TRN_CFD.UK", "qty": 81.30081300813009, "avg_price": 184.5, "last_price": 211.4, "unrealized_pnl": 2186.9918699187, "opened_at": "2026-03-03T18:03:34.247734+00:00"}, {"symbol": "UKW_CFD.UK", "qty": 97.45533297238767, "avg_price": 92.35, "last_price": 101.7, "unrealized_pnl": 911.2073632918255, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "UTG_CFD.UK", "qty": 17.821782178217823, "avg_price": 504.99999999999994, "last_price": 505.0, "unrealized_pnl": 1.0130510292025192e-12, "opened_at": "2026-02-27T18:23:55.960577+00:00"}, {"symbol": "VTY_CFD.UK", "qty": 0.0, "avg_price": 427.6, "last_price": 406.1, "unrealized_pnl": -150.84190832553787, "opened_at": "2026-03-11T10:11:17.665074+00:00"}, {"symbol": "WIX_CFD.UK", "qty": 0.0, "avg_price": 224.5, "last_price": 220.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-09T10:19:46.508085+00:00"}, {"symbol": "WIZZ_CFD.UK", "qty": 0.0, "avg_price": 1299.0, "last_price": 1080.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-25T17:57:28.313088+00:00"}, {"symbol": "WKP_CFD.UK", "qty": 7.2727272727272725, "avg_price": 412.5, "last_price": 412.5, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "WPP_CFD.UK", "qty": 0.0, "avg_price": 263.4, "last_price": 240.8, "unrealized_pnl": 0.0, "opened_at": "2026-02-27T18:23:55.960577+00:00"}, {"symbol": "WTB_CFD.UK", "qty": 5.11727078891258, "avg_price": 2345.0, "last_price": 2308.0, "unrealized_pnl": -189.33901918976545, "opened_at": "2026-03-13T18:17:31.188931+00:00"}], "candidates": [{"symbol": "CRST_CFD.UK", "mean_reversion_score": 85, "selection_reason": "High 1-day change (+24.85%) with moderate distance from MA200 (+1.27%)"}, {"symbol": "LMP_CFD.UK", "mean_reversion_score": 78, "selection_reason": "Significant 1-day change (+11.57%) and positive distance from MA200 (+12.51%)"}, {"symbol": "SPX_CFD.UK", "mean_reversion_score": 82, "selection_reason": "High 1-day change (+10.91%) and strong distance from MA200 (+15.91%)"}, {"symbol": "JDW_CFD.UK", "mean_reversion_score": 76, "selection_reason": "Moderate 1-day change (+9.75%) and positive distance from MA200 (+6.24%)"}, {"symbol": "INVP_CFD.UK", "mean_reversion_score": 80, "selection_reason": "Significant 1-day change (+8.53%) and strong distance from MA200 (+17.35%)"}], "output_schema": {"actions": {"sell": [{"symbol": "string", "reason": "string"}], "hold": [{"symbol": "string", "reason": "string"}], "buy": [{"symbol": "string", "position_size": "number (currency amount)", "reason": "string"}]}, "portfolio_rationale": "string"}}

{
  "actions": {
    "buy": [
      {
        "reason": "High mean-reversion score and significant recent price change.",
        "symbol": "CRST_CFD.UK",
        "position_size": 3000
      },
      {
        "reason": "High mean-reversion score and significant recent price change.",
        "symbol": "LMP_CFD.UK",
        "position_size": 3000
      }
    ],
    "hold": [
      {
        "reason": "Marginal unrealized loss; no clear improvement vs current holdings.",
        "symbol": "ABF_CFD.UK"
      },
      {
        "reason": "Marginal unrealized loss; no clear improvement vs current holdings.",
        "symbol": "ADS_CFD.DE"
      },
      {
        "reason": "Positive unrealized gain; no clear improvement vs current holdings.",
        "symbol": "ATG_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "BBY_CFD.UK"
      },
      {
        "reason": "Marginal unrealized loss; no clear improvement vs current holdings.",
        "symbol": "BLND_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "BTRW_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "BYIT_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "CBG_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "CRST_CFD.UK"
      },
      {
        "reason": "Marginal unrealized gain; no clear improvement vs current holdings.",
        "symbol": "EMG_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "ESNT_CFD.UK"
      },
      {
        "reason": "Positive unrealized gain; no clear improvement vs current holdings.",
        "symbol": "FUTR_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "GRI_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "HMSO_CFD.UK"
      },
      {
        "reason": "Positive unrealized gain; no clear improvement vs current holdings.",
        "symbol": "IEP_CFD.BE"
      },
      {
        "reason": "Positive unrealized gain; no clear improvement vs current holdings.",
        "symbol": "IHG_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "JDW_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "MSLH_CFD.UK"
      },
      {
        "reason": "Marginal unrealized gain; no clear improvement vs current holdings.",
        "symbol": "PAGE_CFD.UK"
      },
      {
        "reason": "No unrealized gain/loss; no clear improvement vs current holdings.",
        "symbol": "PSN_CFD.UK"
      },
      {
        "reason": "Significant unrealized gain; no clear improvement vs current holdings.",
        "symbol": "SYNT_CFD.UK"
      },
      {
        "reason": "Significant unrealized gain; no clear improvement vs current holdings.",
        "symbol": "TRN_CFD.UK"
      },
      {
        "reason": "Positive unrealized gain; no clear improvement vs current holdings.",
        "symbol": "UKW_CFD.UK"
      },
      {
        "reason": "Marginal unrealized gain; no clear improvement vs current holdings.",
        "symbol": "UTG_CFD.UK"
      },
      {
        "reason": "Marginal unrealized loss; no clear improvement vs current holdings.",
        "symbol": "WTB_CFD.UK"
      }
    ],
    "sell": [
      {
        "reason": "Significant unrealized loss and no clear improvement in fundamentals.",
        "symbol": "ERA_CFD.FR"
      },
      {
        "reason": "Moderate unrealized loss and no clear improvement in fundamentals.",
        "symbol": "OSB_CFD.UK"
      }
    ]
  },
  "portfolio_rationale": "The portfolio adjustments focus on selling positions with significant unrealized losses and buying candidates with high mean-reversion scores and significant recent price changes. All other positions are held due to marginal changes or no clear improvement versus current holdings, adhering to the strategy's overtrading rules."
}

{
  "selected_stocks": [
    {
      "symbol": "CRST_CFD.UK",
      "selection_reason": "High 1-day change (+24.85%) with moderate distance from MA200 (+1.27%)",
      "mean_reversion_score": 85
    },
    {
      "symbol": "LMP_CFD.UK",
      "selection_reason": "Significant 1-day change (+11.57%) and positive distance from MA200 (+12.51%)",
      "mean_reversion_score": 78
    },
    {
      "symbol": "SPX_CFD.UK",
      "selection_reason": "High 1-day change (+10.91%) and strong distance from MA200 (+15.91%)",
      "mean_reversion_score": 82
    },
    {
      "symbol": "JDW_CFD.UK",
      "selection_reason": "Moderate 1-day change (+9.75%) and positive distance from MA200 (+6.24%)",
      "mean_reversion_score": 76
    },
    {
      "symbol": "INVP_CFD.UK",
      "selection_reason": "Significant 1-day change (+8.53%) and strong distance from MA200 (+17.35%)",
      "mean_reversion_score": 80
    }
  ],
  "rejected_common_reasons": [
    "Avoiding highly binary/event-driven moves",
    "Avoiding sector concentration",
    "Avoiding earnings within 5 trading days (if known)"
  ]
}