The week in conviction — 3 Aug 2026

Over the past week the book averaged +2.3%. 33 of 44 names now screen as buys. Conviction rose most in CD Projekt.

Where you stand — your holdings

Currency exposure — USD 74% · EUR 17% · CHF 9%. Effective holdings 6.5 of 8.

• AMD AMD KEEP+

  constructive — hold, add if room · above 200-day, mixed short term; RSI 41; -12.0% 1-mo; analysts: strong buy, +22% to target · vol 88% · maxDD -28% · 15 sh @ $140.00
  CHF 5,770 25%

  +240.1% P&L
• ASML ASML.AS KEEP+

  constructive — hold, add if room · above 200-day, mixed short term; RSI 36; -13.9% 1-mo; analysts: strong buy, +42% to target · vol 52% · maxDD -21% · 3 sh @ €620.00
  CHF 3,934 17%

  +127.0% P&L
• NVIDIA NVDA ADD

  strong signal — add on the monthly · above 200-day, mixed short term; RSI 48; +1.6% 1-mo; analysts: strong buy, +51% to target · vol 41% · maxDD -20% · 20 sh @ $95.00
  CHF 3,244 14%

  +111.3% P&L
• Apple AAPL KEEP+

  constructive — hold, add if room · above 200-day, mixed short term; RSI 45; +4.9% 1-mo; analysts: buy, +5% to target · vol 32% · maxDD -14% · 12 sh @ $180.00
  CHF 2,995 13%

  +71.6% P&L
• Microsoft MSFT ADD

  strong signal — add on the monthly · above 200-day, mixed short term; overbought (RSI 75); +20.9% 1-mo; analysts: strong buy, +21% to target · vol 45% · maxDD -35% · 6 sh @ $320.00
  CHF 2,253 10%

  +45.2% P&L
• Logitech LOGN.SW ADD

  strong signal — add on the monthly · above 200-day, mixed short term; RSI 57; +9.1% 1-mo; analysts: buy, +4% to target · vol 40% · maxDD -32% · 25 sh @ CHF 78.00
  CHF 2,110 9%

  +8.2% P&L
• Tesla TSLA KEEP

  neutral — hold and watch · downtrend (below 50/200-day); oversold (RSI 18); -26.8% 1-mo; analysts: buy, +28% to target · vol 57% · maxDD -39% · 8 sh @ $250.00
  CHF 2,011 9%

  +24.5% P&L
• Adobe ADBE ADD

  strong signal — add on the monthly · below 200-day; RSI 58; +18.7% 1-mo; analysts: hold, +8% to target · vol 51% · maxDD -47% · 4 sh @ $540.00
  CHF 809 3%

  -53.6% P&L

The decision — keep · sell · buy

What changed this week

Upgrades & downgrades

Market context

Risk-on Risk-on — 4/5 equity gauges above their 200-day line; VIX 16 (subdued); Software (IGV) leading at +1.3% 1-mo.

• Gauge Level1d1mo Trend
• S&P 5007,490+0.70%+0.1%▲ above 200d
• Nasdaq Comp.25,374+1.00%-2.6%▲ above 200d
• VIX (fear)15.96-0.19%-1.2%▼ below 200d
• US 10y yield4.74+1.76%+6.0%▲ above 200d
• Tech (XLK)175.35-0.22%-5.5%▲ above 200d
• Semis (SMH)540.53+0.30%-12.9%▲ above 200d
• Software (IGV)94.58+1.36%+1.3%▼ below 200d