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Broad Market Outlook
We are starting to see some of these bases that have been forming over the last few months starting to work themselves higher. Just when "recession fears" (a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters) were at its peak and most were thinking the market was going to crash, the market for now has seemed to find its footing and may want to inch back higher, as my outlook is that we are back at highs in 2023.
Now the recession fear is an easy headline for most to latch on to, but we forget the contexts.
Just like a stock that has increased 30% in a week, it needs to pull back and set back up, people are quick to fear a recession, yet its two successive quarters where GDP falls, after the run GDP has been on, a little breather should be welcomed or better yet expected, not feared.
Yet investors are not a rational crowd, nor is any crowd for that matter. That is why you need to drown out the noise of all the fear you hear from the crowd on a daily basis. Try this simple experiment next time you come across someone who mentions how scared they are of a recession, ask them "what is a recession?" and sit and wait patiently for there answer, trust me they won't have one.
Now we are entering into one of the slowest periods of the trading year, end of summer trading, last week I was zipping around Italy on a Vespa, Shake is out in Ohio racing goats on ATVs, Heaven is racing Ferrari's around south beach, Jun Moon is buying Hermes Birkin bags in Paris and Django is hanging out with baseball legends in a house that looks like a scene out of the classic movie Roadhouse. Most of us right now, most of the crowd as well, are away from the screens.
Volume will be light, trading will be wide and loose. If you have an A+ idea, always take it but if you find yourself trying to find something to do, get outside and try something that involves direct contact with light that emits from the sun and not your computer screen. Before we know it the summer will be over, the kids will return to school and trading will pick back up. The only burning you should be trying to do is getting sun burnt, not burnt out of trading during the end of summer trading.
From Bennett
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
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31-1 Handbook Trade
Since the market has been crappy, I want to offer you a 31 -1 trade!
We need to get our reviews up, so we would like to offer you a trade, if you invest $9 in our 3 kindle books and leave us a review for each. We will offer you a $250 credit towards the Trading Experts Comma Day Watch!
Once you order and leave the 3 reviews please shoot me a direct message on GroupMe!
So far 31% of the watches that we have ordered have been scooped up! If you would like to get on the list and save 50% off this watch and watch travel case once the finished products arrive in a few months, take advantage while you can because once we have them in stock, we will only offer them at full price!
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PS - Dumb Money Audio Book is Live!
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
The most contrarian add down here, often yields the best return down the road.
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Cyclical - sectors that are more sensitive overall market conditions.
Materials
Consumer Discretionary
Financials
REIT
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Tax Experts
We have reviewed quite a few tax returns so far and have yet to find one where we could not have added value.
We recently found a member who paid a tax penalty because his tax guy put he contributed $12,000 into his Roth when he only contributed the max. He paid a penalty for this persons mistake without being aware and his tax guy made up the most ridiculous excuse, it was just embarrassing.
What is the worst case of getting a 2nd opinion from someone who has successfully filed over 4,000 tax returns?
Let's have a second look at your tax return, if we can't find a way to save you taxes on this or next years return, we will give you a months membership free.
Worst case you get a free months membership!
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
MNST
One of the best performing stocks of all time is battling it out with the psychological level of $100. The real out is still at least 10% lower and with that weekly doji candle, it still may need some time, but one we don't want to miss.
ULTA
ULTA is still flirting with this blue-ish sky breakout at $420, most would want to pass on it, as its a soft level, meaning it has broken $420 already, yet now that it continues to test that area and put in higher pivot lows, this may just be a name that are not on most traders radar for us to sneak in.
UPS
We are starting to see more of these bases work out to the upside, with earnings right around the corner, UPS could be one to keep an eye on for a push up out of these base after earnings.
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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:
2nd Annual Private Track Day October 6th 2022
6th Annual Vermont Retreat Jan 19th to 23rd 2023
3rd Annual Private Track Day June 9th 2023
3rd Annual Long Beach Island June 15th to 19th 2023
1st Annual Private Track Day
Our next private track day will be this October!
2nd Annual Long Beach Island
If you would like to learn about our upcoming Trading Experts Trips reply Trips to learn more!
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Terms and Conditions Trading Experts LLC (“Company”) is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or urgencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.