_____________________________
Broad Market Outlook
As the market inched higher last week closing with a doji day a mere 2% away from major resistance. Internally the action was quite choppy all week where the money was made by focusing on those single trades when given.
There has been some money to be made and we should continue to see that in the coming week but one needs to be quick at the entries and exits, holding a name for even a few days in this market in our favor is a gift.
I have been spending far more time recently focusing more on 15 minutes charts that I can remember in quite some time. With that being said, focusing on the sectors with relative strength right now and then scanning those sectors seems to be the best way to spend our time research wise. As obvious as that sounds, sometimes it needs to be said or reminded when we might feel that headlines or other topics are more important when they are usually just distractions from the main goal. Which is to find profitable set ups.
The consumer discretionary sector is setting up nicely for the week ahead, along with the industrial sector along with the tech names that have shown there still in the game. These all could be great sectors to focus on in the week ahead.
On the flip side, the Dow 30 names are near major resistance, the S&P 500 is less then 2% away from major resistance and sectors like Consumer Staples, Healthcare and Utilities seem somewhat extended and probably best to avoid or take profits in.
From Bennett
_____________________________
The Take My Money Challenge is in full swing! Currently Connor Modd who just passed his Series 7 exam and SIE exams recently is current in the lead to take both Shakes and my money!
You can still join the challenge starting Monday with up to $800 in your account. DM myself or Heaven to learn more!
PS Refer 3 friends or family members to Trading Experts and get the rest of the year free!
_____________________________
Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
_____________________________
_____________________________
Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
_____________________________
New Trading Experts Comma Day Shirts
We have started to collect pre orders for the new Trading Experts Comma Day Shirts!
As always when you earn your first $1,000 let us know and we will send you your first Comma Day shirt for free!
To pre order any one of the three shirts is only $25
To pre order the 3 pack its only $50 for all 3 shirts plus we are including in 3 new Trading Experts surpise gifts with the 3 pack order!
DM or reply to this email your shirt size and we will get you on the list!
_____________________________
Cyclical - sectors that are more sensitive overall market conditions.
Materials
Consumer Discretionary
Financials
REIT
_____________________________
Tax Experts
Every year we have to go through the pain and stress of tax returns. Fortunately, as a Trading Experts member you have the opportunity to make things a little easier on yourself.
Over the last 3 years we have worked with several members filing their tax returns as quick and easy as possible.
After reaching out to some of the members who filed with us this is what they had to say:
“It was a very organized system, I was able to upload all the documents and information in a very simple way following the instructions. The team guided me every step of the way and left no question unanswered. I saved an extra 30% last year filing with you!” – Niko I.
“Being a business owner, I expected to pay taxes since that’s what I always hear. But when I filed my taxes with Trading Experts, I was actually able to get a return! It made the process way easier than doing it myself. Don’t waste time trying to find someone cheap they end up making mistakes, with TE things get done properly and they save you a lot more on taxes." – Iban L.
“It was a lot of work on my end to get all the needed documents but once I finally got all that together I didn’t have to do anything after. First time I spent money filing, and it was pretty simple, I definitely recommend! – Tyler K.
Tax advice is similar to investing in that you can take the “free” route that usually ends up costing you a lot more than if you invested in the proper help from the start.
The average individual return for our clients cost $500 to file properly. Our goal is to save you 5-1 on your return. If you’re not happy with the tax return, it will be 100% free.
Maximize your savings and minimize your stress with expert tax preparation services from our team of certified accountants.
Our years of experience and commitment to staying up to date on the latest tax laws and regulations ensures that you get the most out of your returns.
Don’t leave money on the table or risk penalties, trust us to handle your tax needs accurately and efficiently. If you have any questions, please feel free to send me a message to discuss further.
_____________________________
Defensive - sectors that tend to outperforming during sub par market conditions.
Consumer Staples
Healthcare
Bio Tech
Utilities
_____________________________
Big Picture Set Up's
AMZN
AMZN continues to base out under this $104 area vs $95 in its current flag. One to keep on the radar if it can tighten up a bit more, not looking to chase $104 Monday morning off the open if it was to test that level 3rd day up.
EXAS
We have been watching this EXAS flag out for month now and as it continues to get tigher, I will be looking for an entry up through $69 vs $64 for now.
MYGN
As the $24 breakout area failed, it seems a shakeout of support at $22 is in the cards, if it does and snaps back, will look for a support buy back up through $23 vs $22.
OPCH
Started a swing in this OPCH last week as it continues to trade in a $1 range, have buy stops in to add up through $32 if it wants to breakout of this flag this week with the same stop vs $31.
PODD
PODD weekly is looking better with each passing week. A case could be made for a $320 entry but for now not trying to rush this macro set up and will be patient and wait for $325.
_____________________________
_____________________________
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.