The Weekly Selection: 05/26/2025
139: Futes Rippin'
Investors,
Welcome back to another iteration of ‘The Weekly Selection’, where I cover my thoughts on the market, what’s upcoming and some other little nuggets for your enjoyment.
Check out the latest Podcast at the link below, as well as some other socials:
Indices
First of all, Happy Memorial Day Weekend. We only get a handful of bank holidays per year here in the states, so I cherish them when I can. For those lost, markets are closed but futures are open on bank holidays. As for me, I’ve been spending this weekend with family and friends, golfing and hanging out.
As far as markets are concerned, Trump once again delays tariffs on the EU from June 01 to July 09, coming after a week of grindy and choppy markets. In the futures session this has equated to a rather large run as of Monday morning. Anything can change between now and Tuesday morning when markets open, however things are looking positive. Additionally, Trump announced Friday morning that he will be pushing initiatives for nuclear energy to further stimulate the energy crisis here in America. This bodes extremely well for the nuclear longs I’ve been discussing for the last year.
For close followers of the newsletter, the last 6 months has always been about seeking the next long opportunity, versus attempting to decipher the menagerie of mixed signals from the admin, fed, foreign governments, news outlets and talking heads. This has proven to be immensely profitable, as buying the high quality stuff I’ve wanted to own for a while has been made easier by fear and uncertainty.
Lets take a look at some charts and see where we stack up:
ES futures reclaim the 5800 pivot once again, putting ATH contention in the conversation once again.
GLD 0.00%↑ Gold sets up a nice flag to go higher, and it seems probable this is the case. Still plenty of uncertainty out there, and the volume on this run has been tremendous. Clearly large buyers just hammering this thing.
XLU 0.00%↑ Utilities index is pushing just under all time highs into last week. In line with my expectations. A breakout here could be long as they usually are with Utilities.
Week Ahead Opportunities
Nuclear/electric utilities: VST 0.00%↑ OKLO 0.00%↑ SMR 0.00%↑ LEU 0.00%↑ GEV 0.00%↑
VST 0.00%↑ tremendous daily look here, pointing to the stars. Most of the nuclear names put in big island candles on Friday, and I bought OKLO on Friday morning. the less volatile nuclear/related electricity names all look great and are expected to continue with the release of the news.
PLTR 0.00%↑ software, looking great over previous LSP at $125. Honestly, thought this had the same topping look as NVDA in Nov 2024, but now not so sure with this gap that’s sure to come Monday. In any case, Ill try it over $125 and see how it goes.
HOOD 0.00%↑ another LSP to watch the breakout for. Great business and huge growth.
OKLO 0.00%↑ putting in ATH volume on Friday and a big stick. I bought this on the pullback from AAPL tariff news where previously stock traded $49 was down to $43. Saw this as an obvious opportunity since AAPL news has no impact on SMR nuclear, yet it took price down 12%? Easy buy. Also own PSIX and VST from same group.
That’s all for today!
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Good grasp of not only the market but world events as well!