Big Picture - From Major Breakdowns to Major Bases

    
   
   
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Broad Market Outlook
With the broad market up nearly 12% to kick off the new year, most are much more positive on the stock market this time around just as most were last year when the market was rallying to new all time highs and there was no bear case for 2022. 
Yet, we all know how that played out.
Virtually all of the major markets and sectors have successfully broken out of there major stage 1 break down for the most part. 
More recently most have been pushing out of there mini stage 2 bases. 
Yet as most have done a great job defeating these areas of resistance, as most run into there respected major areas of resistance in the broader base, it seems wise to start looking to ring the register, lock in profits and hang in cash. 
We have seen how for the better part of the last year the market has not been able to trade above 420 other then for a few days last summer. This seems like a good time to take the bird in the hand instead of hoping this time is different where catching the birds in the bush makes more sense, when often the easier choice yields better returns. 
Let's be patient coming into the week and focus on those A+ set ups. 

                                                                                          
From Bennett

 

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Macro Rotation Outlook

SPY
Dow Jones
Nasdaq 
Mid Caps 
Small Caps
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Once we recieve them in stock, the price will go up!
Reply to this email your hoodie size and which color (black, camo, both)
 
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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
 Every year we have to go through the pain and stress of tax returns. Fortunately, as a Trading Experts member you have the opportunity to make things a little easier on yourself.
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Tax advice is similar to investing in that you can take the “free” route that usually ends up costing you a lot more than if you invested in the proper help from the start.
The average individual return for our clients cost $500 to file properly. Our goal is to save you 5-1 on your return. If you’re not happy with the tax return, it will be 100% free.
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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
ALNY
ALNY continues to put in higher pivot lows as it works it way back towards the $240 Blue Sky Breakout area, once to keep on the radar with about $20 risk for now. 
ETSY
ETSY had a nice breakout last week and for now moving the risk to break even with a short term target of 164 if it can drift there over the next week or two will look to take profits. 
QSR
We tried QSR last month and since has put in two higher lows as it sets up for a Blue Sky Breakout through $68.50. Continues to look better with time. 
TJX
TJX still needs some time but when it wants to head back towards the blue sky area of $83, will be one to keep on the radar. 
 
  
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