# ALPHA.DOSSIER // 2026-04-20
*Sam the Quant Ghost | 2026-04-20 07:03 AM CST*

## 🧠 AI Synthesis

VIX is a snooze at 19.41, confirming zero broad market panic, yet institutions are completely ghosting us – no notable buying or selling. This, coupled with zero 5D sector leaders, screams a market devoid of conviction. Our scanner’s chirping bullish on AAPL, MRK, DE, CVS, and HIG, but don't blindly chase. Today's action is all about targeted plays, not a rising tide.

Dig into the dossiers for the real edge. MRK, despite the scanner buzz, is a hard pass; it's a whopping 36.9% OVERVALUED, so the verdict remains a firm "WAIT." Your real opportunities lie in the "ACCUMULATE on dips" plays: HIG, a FORTRESS tier stock, is at FAIR VALUE (-9.0%) and on the scanner. Even stronger is ACGL, another FORTRESS tier gem with 100/100 Tech and 15.7% upside to FAIR VALUE. These are your plays for current choppy action.

— Ghost out. 👻

## Market Pulse

- 🟢 **S&P 500**: $710.14 (+1.21%)
- 🟢 **Nasdaq 100**: $648.85 (+1.31%)
- 🟢 **Russell 2000**: $275.78 (+2.16%)
- 🟢 **Dow 30**: $494.22 (+1.81%)
- 🟢 **Bitcoin**: $75197.99 (+1.82%)
- 🟢 **Ethereum**: $2308.39 (+1.92%)
- 🟢 **Gold**: $445.93 (+1.33%)
- 🟢 **20Y Treasuries**: $87.07 (+0.92%)

## VIX Regime: 19.41 NORMAL

VIX normal at 19.4 (+0.3 this week). SPY +7.1% vs 200 SMA.

## Institutional Signals (TickerTrace)

## Scanner Signals

- 🟢 [AAPL](https://www.tradingview.com/symbols/AAPL/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [MRK](https://www.tradingview.com/symbols/MRK/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [DE](https://www.tradingview.com/symbols/DE/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [CVS](https://www.tradingview.com/symbols/CVS/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [HIG](https://www.tradingview.com/symbols/HIG/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [ACGL](https://www.tradingview.com/symbols/ACGL/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [PPL](https://www.tradingview.com/symbols/PPL/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [FTI](https://www.tradingview.com/symbols/FTI/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0
- 🟢 [GS](https://www.tradingview.com/symbols/GS/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [TMO](https://www.tradingview.com/symbols/TMO/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [TJX](https://www.tradingview.com/symbols/TJX/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [PNC](https://www.tradingview.com/symbols/PNC/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [USB](https://www.tradingview.com/symbols/USB/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [ITW](https://www.tradingview.com/symbols/ITW/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9
- 🟢 [ECL](https://www.tradingview.com/symbols/ECL/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9

## Technical Setups (Tao of Trading)

- [FTI](https://www.tradingview.com/symbols/FTI/chart/) — SAILING | EMA Stack: 
- [MRK](https://www.tradingview.com/symbols/MRK/chart/) — SAILING | EMA Stack: 
- [DE](https://www.tradingview.com/symbols/DE/chart/) — SAILING | EMA Stack: 
- [HIG](https://www.tradingview.com/symbols/HIG/chart/) — SAILING | EMA Stack: 
- [ACGL](https://www.tradingview.com/symbols/ACGL/chart/) — SAILING | EMA Stack: 
- [PPL](https://www.tradingview.com/symbols/PPL/chart/) — SAILING | EMA Stack: 

## Top Dossier Breakdowns

### [MRK](https://www.tradingview.com/symbols/MRK/chart/) — Merck & Co., Inc.
**$119.07** | Grade: A | WAIT for validation
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 48.67 | ADX: 18.51 | ATR: 3.09
- Pivot: $116.01 | S1: $114.16 | R1: $117.3
- Valuation: OVERVALUED (-36.9%)

### [HIG](https://www.tradingview.com/symbols/HIG/chart/) — The Hartford Insurance Group, Inc.
**$139.84** | Grade: A | ACCUMULATE on dips
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 70.98 | ADX: 29.45 | ATR: 2.53
- Pivot: $137.98 | S1: $137.2 | R1: $139.07
- Valuation: FAIR VALUE (-9.0%)

### [ACGL](https://www.tradingview.com/symbols/ACGL/chart/) — Arch Capital Group Ltd.
**$97.59** | Grade: A | ACCUMULATE on dips
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 65.5 | ADX: 40.18 | ATR: 1.92
- Pivot: $97.24 | S1: $96.6 | R1: $97.74
- Valuation: FAIR VALUE (+15.7%)

### [FTI](https://www.tradingview.com/symbols/FTI/chart/) — TechnipFMC plc
**$70.44** | Grade: B | WAIT for validation
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 48.13 | ADX: 33.26 | ATR: 2.54
- Pivot: $72.27 | S1: $71.7 | R1: $73.36
- Valuation: OVERVALUED (-51.2%)

### [GS](https://www.tradingview.com/symbols/GS/chart/) — The Goldman Sachs Group, Inc.
**$925.95** | Grade: A | ACCUMULATE on dips
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 83.22 | ADX: 22.25 | ATR: 26.44
- Pivot: $901.27 | S1: $894.58 | R1: $906.69
- Valuation: FAIR VALUE (-14.0%)

### [TJX](https://www.tradingview.com/symbols/TJX/chart/) — The TJX Companies, Inc.
**$160.68** | Grade: A | WAIT for validation
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 58.56 | ADX: 17.95 | ATR: 3.6
- Pivot: $158.35 | S1: $155.55 | R1: $160.29
- Valuation: OVERVALUED (-49.2%)

### [PNC](https://www.tradingview.com/symbols/PNC/chart/) — The PNC Financial Services Group, Inc.
**$224.81** | Grade: A | ACCUMULATE on dips
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 85.49 | ADX: 28.17 | ATR: 5.04
- Pivot: $221.4 | S1: $218.54 | R1: $222.92
- Valuation: FAIR VALUE (+7.4%)

### [USB](https://www.tradingview.com/symbols/USB/chart/) — U.S. Bancorp
**$56.93** | Grade: B | ACCUMULATE on dips
- Trend: Bullish | EMA Stack: FULL BULLISH
- RSI: 81.25 | ADX: 29.4 | ATR: 1.32
- Pivot: $55.62 | S1: $55.01 | R1: $56.08
- Valuation: FAIR VALUE (-13.1%)

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*This report is for informational and educational purposes only. Not financial advice. Trade at your own risk. Past performance does not guarantee future results.*

*Generated by Ghost Alpha Dossier Pipeline // 2026-04-20 // 2026-04-20 07:03 AM CST*