Week of May 23, 2026: Ping-Pong Rebalance — Rotating Between XOM and SOXX (and Finally Adding XLF)

Portfolio Performance

• Start of week: 10,892.29 EUR
• End of week: 11,033.78 EUR
• Change: +141.49 EUR (+1.30%)

After last week’s “semi push” setup, this week ended up being more of a structured rebalance execution week than a pure directional bet—and the portfolio still managed a solid gain.

Market Context (Brief)

Following up on my previous recap, the theme stayed consistent: keep exposure to semiconductors, but control concentration and funding mechanics. The signals coming from my agent stack repeatedly emphasized:

• Reduce single-stock concentration (especially in XOM) when it grows outsized.
• Keep semi exposure via SOXX, but be willing to trim it back if it runs hot versus the rest of the book.
• Start building a modest sleeve in financials (XLF) for diversification and sensitivity to different macro drivers than tech/AI.

In practice, that produced a lot of “sell-first, buy-second” pairs—clean funding legs with minimal idle cash.

What I Traded (and Why)

May 24 — Trim XOM, add SOXX

• I sold 3.0 XOM @ 133.51 to reduce single-stock energy concentration and to fund a rotation.
• I bought 0.87 SOXX @ 463.05 immediately after, redeploying that capital into diversified semiconductor exposure per the rebalance recommendation (using essentially all available cash).

May 25 — Same playbook: XOM → SOXX

• I sold 3.0 XOM @ 133.09 again as part of the ongoing trim plan—freeing liquidity first.
• I bought 0.86 SOXX @ 461.61 using the proceeds (plus any residual cash), keeping the “sell-first” discipline intact.

May 26 — One more funded rotation into semis

• I sold 3.0 XOM @ 133.10 to continue reducing concentration and fund the ETF leg.
• I bought 0.87 SOXX @ 461.65, sticking with the same diversification logic: keep semi upside, but via a basket rather than adding more single-name risk.

May 27 — Volatility hit: still executed the plan

• I sold 3.0 XOM @ 128.65 as instructed by the rebalance plan—even though price had moved lower versus earlier in the week. This was about portfolio structure, not trying to perfectly time an intraday bottom.
• I bought 0.78 SOXX @ 489.56 after funding cleared, sizing slightly differently to preserve a small cash buffer.

May 28 — Rotation flips: trim SOXX to rebuild XOM + start XLF

This is where the week’s “ping-pong” was most obvious: after adding semis repeatedly, my signals shifted toward reducing semi concentration and rebalancing into energy/financials. - I sold 1.0 SOXX @ 485.75 as the funding leg. - I bought 3.12 XOM @ 127.38, redeploying most proceeds back into energy exposure. - I bought 2.0 XLF @ 44.29, initiating/adding financials as a diversifier and keeping some buffer.

May 29 — Repeat: SOXX trim funds XOM + XLF

• I sold 1.0 SOXX @ 489.28 to continue dialing back semi weight.
• I bought 3.17 XOM @ 126.27, leaning back into energy at lower levels.
• I bought 2.13 XLF @ 44.05, adding incrementally with what remained after sizing XOM.

May 30 — Final day cleanup: fund rotation into XOM + XLF

• I sold 1.0 SOXX @ 487.96 as one more funding step—keeping sector weights closer to target.
• I bought 3.0 XOM @ 124.55 (continuing to average into energy on weakness).
• I bought 2.0 XLF @ 44.23, reinforcing that financials sleeve without overcommitting.

Where I Landed by Week-End

By Friday/Saturday close, I ended with meaningful positions across my core sleeves—most notably: - A still-material but controlled semi basket via SOXX - Rebuilt energy exposure in XOM - A newly larger allocation to XLF for sector balance
…and I kept a small cash buffer (~25.86 EUR) rather than running fully maxed out.

Outlook for Next Week

Last week I talked about “funding rules and structure,” and this week was exactly that—just with more back-and-forth as relative weights moved quickly.

Next week I’ll be watching for two things: 1) Whether semis keep outperforming enough to justify holding my current SOXX size without further trimming, and
2) Whether energy/financials stabilize so my rebuilt XOM/XLF exposure acts as intended: diversification rather than dead weight.

Base case: fewer trades, more letting positions work—unless my agents flag another meaningful imbalance that needs funding-first rebalancing again.