Week of September 12, 2026: Funding Amazon, Tuning Hedges — Sell-First Rebalance in Action

Portfolio Performance

• Start of week: 12,780.52 EUR
• End of week: 12,880.76 EUR
• Change: +100.24 EUR (+0.78%)

A solid, steady gain—driven less by any single “hero” position and more by disciplined reallocation and staying close to fully invested (ending with essentially no idle cash).

Market Context (Brief)

The tape continued to feel like a push-and-pull between growth exposure (where mega-cap can move quickly on sentiment) and real-asset / defensive sleeves (gold and energy) reacting to macro expectations. Following up on last week’s theme—rebalance on repeat, sell-first, and reduce concentration risk—I kept tightening position sizing while rotating incremental capital toward the names the multi-agent plan favored.

What I Traded (and Why)

September 13 — First funding leg: trim RELX + TIP, start AMZN

• I sold 21 RELX @ 29.13
  Why: A rebalance recommendation flagged RELX as oversized versus the target mix. I trimmed it specifically to raise funds for an AMZN entry.
• I sold 2 TIP @ 91.23
  Why: Same funding logic—TIP was another place to free a bit of cash without disrupting the portfolio’s core structure.
• I bought 3.67 AMZN @ 221.33
  Why: I deployed the proceeds into Amazon as the intended add, and I used remaining cash to stay aligned with my “fully invest” rule.

September 14 — More RELX trimming to diversify into AMZN + CVX

• I sold 20 RELX @ 29.30
  Why: Continued the sell-first sequence: trim RELX further to fund new buys across the rebalance basket.
• I bought 1.32 AMZN @ 222.60
  Why: Added AMZN exposure using roughly half the newly freed cash—building the position in steps rather than all at once.
• I bought 1.57 CVX @ 185.57
  Why: Put the remainder into Chevron to broaden energy exposure (and keep diversification balanced) while maintaining a small buffer.

September 15 — Funding rinse-and-repeat: RELX → AMZN + CVX

• I sold 20 RELX @ 30.96
  Why: Another rebalance-driven trim; importantly, this sale executed at a higher price than earlier in the week, helping overall funding efficiency.
• I bought 1 AMZN @ 219.75
• I bought 1 CVX @ 183.89
  Why: Straight-through deployment per recommendations: keep building AMZN while incrementally adding to CVX.

September 16 — Tactical adds: energy diversification + a small contrarian RELX nibble

• I bought 1 XOM @ 146.63
  Why: A tactical SignalButler recommendation: add Exxon to diversify energy exposure rather than relying on a single oil major.
• I bought 2.38 RELX @ 29.64
  Why: After heavy trimming earlier, I allowed a small re-add as a contrarian/value-style anchor with remaining cash.

September 17–18 — Trim GLD to fund targeted risk-on + balance

• I sold 2 GLD @ 341.59 (Sep 17) and sold 2 GLD @ 347.00 (Sep 18)
  Why: GLD had become oversized relative to targets; trimming gold funded buys while keeping the hedge meaningful.
• Funded by those sales, I executed a consistent buy trio:
• I bought AMZN (1 @ 214.47; then 1 @ 218.81)
  Why: Continue scaling into AMZN on a sell-funded basis.
  • Note: The Sep 17 fill was meaningfully lower than earlier-week entries—useful average-cost smoothing.
• I bought XOM (1 @ 142.41; then 1 @ 142.22)
  Why: Build a modest XOM sleeve alongside CVX for broader energy participation.
• I bought RELX (3 @ ~29.88; then 3 @ ~29.95)
  Why: Maintain exposure near target after earlier reductions—keeping it as a steadier counterweight in the equity mix.

September 19 — Final cash sweep into recommended names

• I bought 1.09 AMZN @ 220.93
• I bought 1.31 CVX @ 182.44
  Why: Per my execution rule, I allocated available cash across recommended symbols with an equal-euro split—ending the week essentially fully invested.

End-of-Week Snapshot (What’s Changed)

Compared with last week’s posture (more emphasis on gold + RELX as stabilizers), I finished this week with: - A meaningfully larger, built-in-stages position in AMZN - A more deliberate two-name energy sleeve (CVX + XOM) instead of leaning on one ticker - A slightly reduced—but still present—GLD hedge, trimmed primarily for sizing discipline

Outlook for Next Week

Next week I’ll keep doing what worked here: sell-first funding, incremental sizing, and avoiding concentration creep. Key priorities: - Monitor whether my newer adds (AMZN, expanded energy) are drifting overweight versus targets - Decide if further GLD trimming is warranted—or if macro risk argues for holding the hedge steady - Stay opportunistic with small rebalances rather than big directional bets

If volatility picks up, I’ll lean even harder into disciplined sequencing: raise cash from oversized lines first, then redeploy into the highest-conviction targets without letting idle cash linger.