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Broad Market Outlook
As the SPY continues to inch its way towards the psychological level of 500. Last week we did see a bit more action then weeks past but the action has been slim for most names as we near the end of summer.
Shake and myself have tried to subtly hint at taking this time to get away from the screens and have some fun till things start to speed up as fall quickly approaches.
Now maybe our approaches to steeping away from the screens may be differ as Shake seriously discusses breakout patterns with members in person.
And I finally inch closer to moving in to the home that construction started on 2 years ago, almost to the day.
(90% moved in)
My focus recently has been moving away from the macro breakout set ups and focusing more on support buy backs.
Of the 4 I took (MTCH, ALRM, MU, STZ), 2 of them have show reasons to hold while 2 were not quite ready yet.
Quickly cutting MU and STZ for break even while freeing up those funds to be able to add to MTCH and ALRM that for now are looking more promising.
As we continue to focus on sticking to our game plans with our winners and being as open minded as possible to ditching the names that are not trading as we expect them to, we should continue to be able to limit our downside while being apart of the upside as much as possible.
From Ben G
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
MDY Mid Caps
IWM Small Caps
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Do You Have The Patience to Make It On the Leader Board?
What about the Profit Leader Board?
Email a screenshot of your YTD PnL to be added!
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
VGT Tech
VDE Energy
VIS Industrial
VOX Telecom
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"Don’t tell me what you think, just tell me what’s in your portfolio"
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$50 Bonus from TD
PS If you going to open an account with TD before you open the account, reply to this email with:
Your full name and email.
Your full name and email.
Then we will have TD email you a link to sign up and you can receive the $50 bonus by adding at least $3,000 in the first 90 days.
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Cyclical - sectors that are more sensitive overall market conditions.
VAW Materials
VCR Consumer Discretionary
VFH Financials
VNQ REIT
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Defensive- sectors that tend to outperforming during sub par market conditions.
VDC Consumer Staples
VHT Healthcare
IBB Bio Tech
VPU Utilities
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Friends and Family Challenge
Have a friend that would like to give trading a shot?
Send them this link so they can start for the next 90 days at no cost!
Code FAMILY
Make sure to let me know their name so I can add a free month to your membership!
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Big Picture Set Up
AFL
AFL continues to show us that its getting ready to break this $58 level in time vs $55 for now.
ALRM
ALRM working nicely up off major support will be adding above $84 if it wants to continue this move higher next week.
MTCH
MTCH support buy back is starting to work nicely vs that major low, almost got ticked in on Friday for that add above $142, will still add above that level if it wants to trade higher this week.
SNAP
We may need to give this SNAP some time as it continues to flag in this $10 range but in time should look good for a move up through $80 to $90.
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Traveling Experts
We have a few exciting experiences planned for the year ahead. We hope you find a trip that sparks your interest to come enjoy and network with other like minded members!
Dates:
4th Annual Vermont Snowboarding Trip Jan 20th-23rd
2nd Annual Blue Ridge Rally May 13th-15th
2nd Annual Long Beach Island June 15th to 19th
4th Annual Vermont Snowboarding Trip Jan 20th-23rd
Video from the last snowboarding trip!
10 spots left, $100 deposit to hold your spot!
2nd Annual Blue Ridge Rally May 13th-15th
4 spots left, $100 deposit to hold your spot!
2nd Annual Long Beach Island June 15th to 19th
Video from the last beach week vacation!
10 spots left, $100 deposit to hold your spot!
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