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Broad Market Outlook
Was quite the volatile week with the FED news that left the market trading in a 5% plus range and closing the week testing its recent lows. Now mostly anyone discussing the markets all have a similar opinion that we are headed lower. Now in the short term shaking out the 400 psychological level is probably more then likely in the cards however from a risk reward standpoint down near these lows often give us the best risk reward.
When SPY was breaking 460 everything market wise looked amazing and perfect yet the risk reward actually was the highest when sky's were blue. Yet when its raining in the market, those are often the best times to find deals, yet most are scared to go outside and look for them.
When the markets look perfect the risk seems small and the upside seems endless when the opposite is often true. While when the market looks like its dead, often there can be spots to put on risk.
We are already 15% off highs for the year, 12% off the highs of the recent range. Being able to give the market 5% of room down here vs the recent lows buying on the way up through 415/430 could give us great stock as most are too afraid to step through the puddles to find opportunities.
Individual name wise seems that support buy backs should start to come back into style given the pull back from last week while being quicker with our executions will be key. If the support buy back or any buy for that matter is not working out immediately (day 1), there shouldn't be even a seconds thought of giving it room or to the proper out.
From Bennett
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
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Trading Experts Bull Marketer Model Only 100 Pieces
Recently we were thinking of how could we step up from the Comma Day Shirts that we have sent out for years. Eventually we landed on a Comma Day Watch! We are still designing this watch to make it absolutely perfect once we have hammered out the details!
We are limiting this to only 100 watches that all will be numbered and engraved. So far more then 30 per order spots have been taken. You might be shocked at how affordable we are making this watch for those who pre order!
To learn more DM "watch"!
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
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"Don’t tell me what you think, just tell me what’s in your portfolio"
Cyclical - sectors that are more sensitive overall market conditions.
Materials
Consumer Discretionary
Financials
REIT
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Tax Experts
Tax deadline has passed, we hope you got your income savers credit if you contributed to an IRA this year and made less then $68,000. If you did not get the income savers credit. Email us a copy of your 2021 return and we will see if its worth amending the return to get the credit which can be as high as $3,000!
If you have any tax questions please email Tax@TradingExperts.org
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Defensive - sectors that tend to outperforming during sub par market conditions.
Consumer Staples
Healthcare
Bio Tech
Utilities
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Monday Group Calls
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Big Picture Set Up
ATKR
After a nice move after earnings, ATKR does not care that the market wants to pull back, when the market finally turns, would expect this to be one of the first to continue its climb through those blue sky area of $120.
CHD
CHD is holding this area of support perfectly, almost too perfectly, lets wait for a shakeout of 93 then we can look for the support buy back!
CHRW
CHRW continues to hold up nicely during this overall market weakness, once to keep on the radar if/when it wants to break that $112 area.
ESS
REITs have gotten smoked however the leader is the space for now is holding up vs support, it more then likely will still need to shake that 310 area once or twice more, but for now one to keep on the radar for a support buy back.
KSS
KSS is still holding up here vs the support area, most likely we will need to wait until it shakes out 56 to the downside before looking for a support buy back in the name.
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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:
1st Annual Private Track Day June 9th
1st Annual Private Track Day
We rented out a private race track in New York in June for exotic car racing and motorcycle racing! If you would like to learn more about this event let me know!
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