The Weekly Selection

136: "it looks like 2022!"

May 04, 2025

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

Once again we see continuation out of the broad market. SPY 0.00%↑ adds an additional 2.9% to its gains from the last few weeks, marking a total 17% from the lows in early April. For the followers of this publication, you know that we have traded through this downturn exceptionally, and I recently ran some performance metrics to see just how well were doing. on a 3 month performance basis:

Active Trading account: +19%

Long term equity portfolio/SEBS Research (YTD): +15%

IRA: -3.5%

Above is the performance of SEBS vs the broad market. There is still much volatility as the total number of names in the portfolio is still small, however, as time goes on this will smooth out.

Gold, a weekly update at this point, pulling back, signifying a slight return to normalcy in markets. As we know, gold is a measure of uncertainty, so seeing a pullback while market runs is a health correlation.

SPY 0.00%↑ is below, approaching the daily 200dsma.

Eclipsing 550 and heading to 565 now, this look is solid, but could use some sideways action to curb the potential of a washout.

Weekly Themes

Much like last week, my primary watchlist consists of the high RS names who put in a double bottom, or higher low from March to April where SPY 0.00%↑ put in a much lower low. Technical setups aside, having general price structure strength is the name of the game through broad pullbacks. As we know, things tend to get sloppy around then, so identifying premium strength buys like double bottoms when broad lower lows is a viable strategy in identifying outperformance.