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Broad Market Outlook
As the market continued to hit new all time highs 3 times last week we saw some interesting action among one of the slowest trading weeks of the year.
REITs, Healthcare, Discretionary's, Telecom, Bio techs, Mid Caps and even Utilities rallied to new highs.
Quite frankly it would have been easier to list what hadn't made new highs.
Stock wise for those in MTCH with myself up off of support we got some great news as its being added to the S&P resulting in a nice gap up as every fund that mirrors the SPY is forced to buy.
Putting us in an even better position to hold our winner.
Over the weekend in between moving into my new house, I headed back to the track and spend the day as a student to the track learning from far more experience riders.
On a day to day basis I am often giving more advice/mentoring then I do receiving mentoring. Yet at the track I was the one being mentored and re enforcing the real benefits proper mentioning can have.
My first time out without a mentor trying to figure out the best way to make it around the track. I felt fast, just as we always think our trading is the best. Yet as I exited the track I was quickly waved down.
Thinking I was about to be congratulated for my superior skills and moved up to a more advanced group. The mentor quickly brought me down to earth telling me the numerous faults I had made.
In that moment, I felt like literally garbage but my next time back on the track, I made improvements. Then as the day progressed I continued to look out for and find the coaches on the track to follow them through each turn.
As the day progressed I continued to improve far more dramatically by following there lead then trying to do my own thing. Just as we try to do with your own trading.
By the end of the day I was taking corners with my knee dragging along the floor and for any real rider that is the equivalent of your first comma day.
(for those who don't ride this is what knee dragging is)
That day was a consistent reminder that at first the feedback we receive often might not feel the best, but in time we strive for honest feedback to take our skills to the next level.
Always remember we are hear to help and give you honest feedback, yet we need to see you in action to spot the mistakes.
From Ben G
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
MDY Mid Caps
IWM Small Caps
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Or the PnL?
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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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"Don’t tell me what you think, just tell me what’s in your portfolio"
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Then we will have TD email you a link to sign up and you can receive the $50 bonus by adding at least $3,000 in the first 90 days.
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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
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!
Code FAMILY
Make sure to let me know their name so I can add a free month to your membership!
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Big Picture Set Up
AFL
AFL continues to set up under this $58 level, as much as we want to sneak into names, more often then not, we get in too early only to get fed up with the name before its ready. For now just waiting to buy the new all time high.
LEN
Some tried this LEN earlier this week and we quickly saw how there is a seller holding $110 for now. When LEN can break $110 I will be looking to start a position in it.
VFC
As we have found a few support buy back that have been working nicely we can see how VFC is holding up here near major support($74), it it can turn up through $78 could be worth an entry for a move back to $90.
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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:
4th Annual Vermont Snowboarding Trip Jan 20th-23rd
2nd Annual Blue Ridge Rally May 13th-15th
2nd Annual Long Beach Island June 15th to 19th
4th Annual Vermont Trip
Video from the last snowboarding trip!
10 spots left, $100 deposit to hold your spot!
2nd Annual Blue Ridge Rally
4 spots left, $100 deposit to hold your spot!
2nd Annual Long Beach Island
Video from the last beach week vacation!
10 spots left, $100 deposit to hold your spot!
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