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Broad Market Outlook
As we enter the last week of trading for 2020, this a week that I spend recapping the prior year and setting my sights on the year ahead. Starting with my primary breadwinner and working my way down the list. Each year it is interesting to see where each breadwinner lands.
For myself, my prior employer is one of the major ones off the list that I could not be happier about. Admittedly at the beginning of this year, I would not have guessed that source would have been nixed, with another taking its place that I knew virtually nothing about at the start of the year.
As you start to do this over the years, its even humorous to look back to see what you considered income, circa 2008 below when a few hundred a month in gumball machine sales where on the list.
On Monday morning I will email you a simple outline that you can follow to recap what you did well, what you could improve and what your goals are for the year ahead.
You can kept this to yourself, you can share with myself or obviously anyone you trust. The sharing part helps on a subconscious level that will make you feel accountable to your goals.
For some this may be a task that you can complete in one sitting, for others like myself this often takes the better part of the week to get through. This helps rid the assumptions of what we make and helps flush out the realities.
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Congrats to Kyle Ross for jumping into 7th place!
Reply to this email with your best % gain trade since you joined Trading Experts to see if you can make it onto the Top 10!
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
MDY Mid Caps
IWM Small Caps
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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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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
If you have a friend or family member that would like to give trading a shot, forward them this email and have them click here to start.
If they do, let me know there email address, I will set it up so if they decide to continue they will get the same rate as you, and you will also get a free month as a thank you from us!
Any questions let Heaven or myself know.
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Big Picture Set Up's
DHR
Had a buy stop in to buy above $228, for now it looks like it may shake down below $220, if it does, will keep a closer eye on a support buy back vs the $212 area.
CRM
Exact reason why we do not buy the retest, it looks great in the moment, yet rarely has the follow through, will be ready to buy CRM next time through $230.
MDLZ
Still in MDLZ vs $56.45 will look to add above $58.55 and then $59.
TDY
TDY is flagging under this blue sky breakout level of $400. Will be ready to start a position above $400.
UNP
UNP is still flagging nicely under this $196 area, will look to start a position up through $205.
