Big Picture Play Hooky

Broad Market Outlook
We are at the halfway mark of the next major psychological level (500) in the SPY. Now I would be lying if I said I was keeping a close eye on the market this past week. When in reality I was spending my time boogie boarding and building sand castles with a bunch of my girlfriends much younger cousins (ages 1-14). 
Knowing that the end of summer tends to be a slow time where we often find ways to force trades and get frustrated as a result. I find it to be the best time to get away from the screens and soak up some sun. 
With my week away, I may have botched my trade in COF and bought the all time high in SNAP, yet my M1 models picked up the slack while my focus was on the weather forecast, not the earnings calendar.  
As serious as we take our trading, careers and financial future, sometimes it pays to turn it off and just have fun. 
Over my now 14 years trading, I attributive not taking myself so seriously a handful of times a year, one of the main reasons why I can avoid that burnt out feeling we all can feel when we are overworked. 
We have 2 more weeks of summer and before we know it, it will be over.
Try to think of 1 thing you really wanted to do this summer that you pushed off because things got in the way. Take a day off, bring a friend along and go have some fun before its over. 
Those experiences will always trump the daily PnL you could have made had you stayed inside in the long run. 
If you do play hooky this week send pics of the fun you are having!

From Ben G





Macro Rotation Outlook

Dow Jones
MDY Mid Caps 
IWM Small Caps

Do You Have The Patience to Make It On the Leader Board?

Sector Rotation
Sensitive -  sectors that have moderate correlations to overall market conditions. 

VGT Tech
VDE Energy
VIS Industrial
VOX Telecom


"Don’t tell me what you think, just tell me what’s in your portfolio"
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Cyclical - sectors that are more sensitive overall market conditions.
VAW Materials
VCR Consumer Discretionary
VFH Financials
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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Big Picture Set Up
ABNB is an M1 name for myself, so not one that I am going to try to trade perfectly with a hard out. With that being said, we can see it forming a wide $30 point base between $160 and $130. With earnings behind it and some decent volume recently, it could be one to keep on the radar for a move up through the highs of this current base. My target is the retest of all time highs but could still be a decent swing. 
With its gap down on earnings, its has fallen off most of our radar however with it starts to find support at the 200 day, it could be a low risk trade up through $3,400 in time. 

AVGO is setting up for a textbook Blue Sky Breakout however with earnings around the corner would not expect it to go until then, would be an ideal ORB candidate. 
With earnings behind it, the real entry is much higher above $202 however as it continues to hold this trend line. We could sneak in a feeler vs the recent low. 
Just a reminder of why cutting our losers sooner then later is often the best choice, this painful 20% loss could have quickly spiraled into a 40% loser. 
Sometimes you don't get bailed out buying the new high, will still add above $80 at the next attempt at that level. 
A decade later and TXT finally ticked a new all time high, for now still giving it vs the weekly low vs $67. 
Started to add to this swing in UPS as it started to base, will look to add up through $198 in time if given the chance. 
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!  


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 Snowboarding Trip Jan 20th-23rd


Video from the last snowboarding trip!

9 spots left, $100 deposit to hold your spot!


2nd Annual Blue Ridge Rally May 13th-15th


Video from the last rally!

4 spots left, $100 deposit to hold your spot!


2nd Annual Long Beach Island June 15th to 19th 

Video from the last beach week vacation!

10 spots left, $100 deposit to hold your spot!


Let me know if you'd like to learn more about any of our upcoming trips!

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