Expression ladder written — the TXG/ABSI fix

Thesis

Expression ladder written — the TXG/ABSI fix

  • Type: thesis-shift (subtype: hardens)
  • event_id: 2026-07-19-expression-ladder-written-the-txg-absi-fix
  • Shift: Per-tier entry conditions are now written into the README: tools/CRO tier gets the standard trend-hold shape (base, reclaim, relVolume >=1x), the mid-cap post-exhaustion tier gets the three-step ladder (base after exhaustion flag, higher low, volume reclaim). Every roster question now resolves to a documented yes/no.
  • Effect on thesis: At the 2026-07-17 close: DHR is the most complete tools setup (reclaim done, relVolume 1.16x); TMO/MEDP/RGEN await the volume leg; SDGR still below its rising 20-day. No mid-cap clears all three steps: TXG/KYMR/AGIO have not based, VKTX/RARE/ABSI have step 1 in with volume unconfirmed. Documented no's, not silence.
  • Per-ticker: DHR ^ (volume leg met, one-day print). VKTX ~ (base in, awaiting higher low). ABSI ~ (deepest reset, base in).
5 events
DateTypeEvent
Jul 13 Desk NoteVertical: Biotech Capital Cycle — the theme is confirmed; the question is now entries Jul 17 ScanBiotech Scan Jul 21 CatalystDHR earnings Jul 25 ArticleWhere Congress's traders actually agree — and where they don't Jul 25 ScanBiotech Scan

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