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Broad Market Outlook
As the broad market broke down from the mickey mouse flag it was forming this week as it headed back towards its recent low, the overall direction of the market continues to be a coin flip one day to the next.
It's a tight bull flag that looks buy able and the next few days its a bearish engulfing parade back to lows. It seems as if the broad markets wants to continue to shift into another base as it more then likely will want to shake this 380 area of support to the downside. Based off the current base would send it down towards 340.
For myself this week, it was a busy week outside the market as we held our 1st annual private track event that was nothing short of an amazing day full of fast cars, motorcycles and smiles all around.
As we get into summer trading, it could not be a better time to truly get out there and enjoy life a bit.
I can guarantee you not one person in this picture gave two shits about what the market was doing on Thursday and most were too exhausted to care today either.
The day was spent speeding and of course we had to squeeze in a bit of reading. We didn't have the best weather yet it made it more enjoyable when the sun did pop out.
When it comes to trading and investing, we often feel like we need to be doing something at every moment the market is open to avoid missing the next great trade. Yet in the long run, most end up getting burnt out and they lose there edge.
The one thing that has help keep me continuously interested in the markets for more then 16 years has been the ability to know when to power down and focus on other endeavors. When it comes to enjoying life doing whichever endeavors bring you joy it's often best to be fully present and avoid all the distractions. There is nothing more enjoyable then being in cash while on vacation where there is nothing that can bring your day down.
Leave the phone inside, look up and have some fun this summer.
The good times will come around as they always do, yet they often take a bit longer then we want them to, so in the mean time, do something that puts a smile on your face. As there is going to be very slim set ups going into the week ahead that are going to result in much smiling.
If you are in the tri state area our last major Trading Experts Retreat starts this week in Long Beach Island. If you want to come down and kick back for the day or days. We rented a massive beach house that is mere steeps from the ocean.
Just shoot me a DM for the address if you plan to pop in!
From Bennett
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Macro Rotation Outlook
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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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
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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!
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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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Big Picture Set Up
CHRW
We have a little sneaky buy back on our hands as $100 continues to act as support. I will be at the beach this next week doing my best to enjoy life and not fight the tape. I would recommend you do the same but if you would rather stay in front of the screen, this could be setting up for a SBB.
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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 Long Beach Island June 15th to 19th
6th Annual Vermont Retreat Jan 19th to 23rd 2023
2nd Annual Long Beach Island
Video from the last beach week vacation!
If you would like to come soak up some sun at the beach this year with a handful of Trading Experts Alpha Members reserve your spot today!
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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.