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After a very short weekend catching up with the Alpha members in Miami and sadly losing a jet ski drag race against Heaven. The benefit of having a diverse back round of individuals all with there own unique areas of relative peak intelligence continues to show its benefits.
Turning us individually from a jack of one trade into Swiss army knifes of helpful peers.
During the meet up at a beautiful roof top in down town Miami, Santiago mentioned a problem he was having with his arbitrage business. I have some knowledge in this area, however his particular problem was out of my wheel house. Yet there were two alpha members literally one seat away who had the knowledge his was lacking to possibly solve for his problem.
Santiago "I would like you to meet Freddy and Matt, who are compliance officers, there job is your current road block, they can provide some insight as to why you are having this problem"
I switch my seat, and they are off trying to find a solution for his problem.
This shuffling of seats continued throughout the night as the guests of the Alpha members were shocked at how productive and refreshing the conversations were around the table.
Most were use to the typical bar banter between shots instead of learning the benefits of opening up a SEP, the easiest way to build an account long term or how to get around compliance issues when arbitraging digit currency.
For most of you, I have a good idea of what you do professionally, however you mostly do not know what everyone else does.
It isn't effective for only one person or a small handful of people to be the connectors for such a diverse group.
How could we create a simple habit like our daily 4PM PnL posts?
Handing the waiter our Plum American Express card at the end of the night, reminded me of there promo years back that they called "Small Business Saturdays."
Which got us thinking.....
Given Saturday afternoon's tend to be much quieter times in the chat, this could be a great time to share non trading information that relates to an area of your own expertise.
As we all start to share more information, we can put together our own Chamber of Services that I will add to the bi weekly Alphazon email that currently includes the products that most of you are selling.
We might be the ones you come to for trading help, yet there are plenty of people who come to you for help in other area's. Why not spread the knowledge?
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Do You Have The Patience to Make It On the Leader Board?
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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
Have a friend that would like to give trading a shot?
Tell them to DM us on IG saying "friends and family"
They can start for the next 90 days at no cost.
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Big Picture Set Up
AMZN
Amazon continues to trade tighter into this wedge that its forming. Will look to buy up vs the recent low to be ready for when this wedge is bound to break.
BABA
Added again to this $270 level and we saw on Friday the seller still in that area, will still look to add above $270 when given the chance.
DHI
Took some profits into the retest, took a little more off into the new high, with the remaining position with a stop vs the recent low.
