Big Picture Blue Sky's

Broad Market Outlook
Everywhere we look we see Blue Sky Breakouts, SPY, Nasdaq, Tech, Telecom,  Consumer Discretionary's and even Healthcare. It might have been easier to simply mention what wasn't in Blue Sky territory. 
As we all know, the market tends to follow the path of least resistance and for right now that answer seems to be pointed higher. As most are sitting with profitable portfolios of a basket of winners. Unless of course you are playing in a different sand box (options, crypto, etc).
Right now the SPY is steering the ship with the rest of the market follow suit. As we have mentioned in the past with each additional 100 points added to the SPY the actual percent moves becomes smaller.  
SPY 200 to 300 is a 50% move 
SPY 300 to 400 is a 33% move
SPY 400 to 500 is a 25% move
As obvious as this is, most investors do not understand this, just as they don't understand that its the dollar amount invested that determines your potential profits, not the number of shares you purchase.
In the short term the measured move of this recent Blue Sky Breakout in the SPY would send it to 440ish. Yet there is really not much in the markets way to continue to inch higher to the next psychological magnet of 500 by the end of the year.
On the flip side if I am completely wrong in my outlook, we have the $414 pivot low and the $400 psychological support level to remind us when to fold em if the market rather nose dive then inch higher this summer.     

From Ben G




Macro Rotation Outlook

Dow Jones
MDY Mid Caps 
IWM Small Caps

Do You Have The Patience to Make It On the Leader Board?

Sector Rotation
Sensitive -  sectors that have moderate correlations to overall market conditions. 

VGT Tech
VDE Energy
VIS Industrial
VOX Telecom


"Don’t tell me what you think, just tell me what’s in your portfolio"
PS If you recently opened an account at TD reply to this email with :

Your full name and email you opened the account with

If you add $3,000 to the account in 90 days, we will have TD send you $50!
Cyclical - sectors that are more sensitive overall market conditions.
VAW Materials
VCR Consumer Discretionary
VFH Financials

Defensive- sectors that tend to outperforming during sub par market conditions.
VDC Consumer Staples
VHT Healthcare
IBB Bio Tech
VPU Utilities
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!
Make sure to let me know their name so I can add a free month to your membership!
Big Picture Set Up
Took some profits in AMZN as it ran up to the prior high and lost momentum, after barely being able to pull back, it is worth a shot to be apart of the next attempt at blue sky's vs the recent pivot low.  
DIS continues to flag out in a tight range as the 200 day catches up, was a bit early on the first buy, will add above $178 when its ready. 
This GILD has been basing for almost 4 years now, so this is no one we really need to rush into as this is a weekly chart. In time we want to be ready when it wants to enter the breakout stage. 
Was a bit early on the INTC buy however it continues to put in a higher low as it stays above the 200 day, will add above $58. 
Same $132 stop after it put in a high lower and new all time high. 
Stop still the same vs $98, giving the winner space to continue to inch higher. 
NFLX was basing in stage 1 under $510 and has just started to enter stage 2 as it has broke out recently and filled the gap. There is still a high probability that it will come back to retest that $510 area before making a real move back to highs. 
Started a position in RCKT while it continues to base out with a stop vs $42, in time will look to add above $48 as it leaves stage 1 and enters stage 2. 
SNAP has finally left its current basing stage and has starting to shift into its breakout stage, as long as the pull backs put in higher lows, we should be patient, for now the current pivot low is $59. The first target to take profits should be the retest. 
UBER still flagging nicely in this $4 range as it continues to set up for a move back to highs in time. 
UPS is still forming a nice wide flag in this $30 range, if/when the time comes that its ready to take out new all time highs, I will look to add to this swing. For now just being patient.  
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!  

Vermont Snowboarding Jan 20th-23rd 2022 (15 Spots Open) Reply VT


 Spots are starting to fill up, to learn more about our biggest trip of the year, reply to this email saying "board"

Collecting $100 deposits to hold a spot for you!

Can't wait to see you on the next trip!


Leave a comment