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Broad Market Outlook
What an amazing reaction out of the market since the FED announcement where prior it seemed like we were headed for an extremely difficult year, a little chirp from Jerome and the market is 6% from a new all time high.
Now that everything seems great in the world again, you may start to feel green, or greedy. Especially if you missed out on some big trades this week such as CIVI that most seem to be involved in but rarely will it be possible for everyone to catch only the best trades.
If you missed CIVI, who cares, there will be plenty of others, just don't expect the next idea to magically do the same as CIVI on Monday morning because you want it to. Same for those who caught CIVI or insert your big winner from last week. That trade is only just beginning and trading it right is much easier then giving it away to start the process over again trying to find another.
As the SPY is less then 2% away from its prior pivot high (460), it can just as easily push through that area as some of the other sectors have pushed through there 200 days and/or prior pivot highs (Materials & Financials).
Or it could be met with resistance as there are only chasers left to bid the market after a 9% bounce off lows from 2 years ago. I am not saying, sell everything, get short and hope or expect us to break back into the range, but just be aware of the broad moves and what often follows after everyone joins the party.
It feels like the party is never going to end but eventually it does and we just want to be the first ones heading for the door with our cash in our hands.
If you have great stock from last week or the week prior, continue to hold your winner because who's to say how long this run can last, but if you missed some of the action or want to put on more risk to catch the easy ride because the trend has to continue on its current path. Those are often the times when there is far more risk then upside.
Amazing week from last week, lets stay focused and not get too greedy.
From Bennett
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
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Handbook Updates
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
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"Don’t tell me what you think, just tell me what’s in your portfolio"
We started a separate group for Alpha members with a focus on long term investing and increasing weekly savings. If you would like to join this group, all that is required is you have an M1 account. You can send me a screenshot of the account to be added. If you need help setting the account up set a time below and we can get you started with as little as $100 in under 15 minutes!
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Cyclical - sectors that are more sensitive overall market conditions.
Materials
Consumer Discretionary
Financials
REIT
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Tax Experts
Tax season is right around the corner and this will be the 1st year that we will be assisting members with filing their tax returns. If you have any tax questions click here to talk with a tax pro!
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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
CIVI
Shouts out to Django for calling this CIVI out a few weeks ago that most were able to take advantage of. This for myself was one of the first names that I avoided raising the stop prematurely and was able to sit through the shakeout and add as it turned back up. After a big day on Friday with it up almost 10%, it can be hard to expect a big day on Monday, for now keeping a short term target around $70 to take some profits.
DUK
With the utility sector breaking out to new 52 week highs, DUK followed suit breaking out and also hitting new 52 week highs, stop vs 104 for now.
UPS
This UPS has been flagging out for almost a year now and does not look much like a topping pattern as the pivot lows continue to step up. This $220 level will be one to keep an eye on when this name is ready to go.
WAB
This WAB has been setting up for a few months now flagging under this $98 level vs $95, could be one to keep on the radar for a potential breakout next week.
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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 Blue Ridge Rally April 22nd to 24th
We have a big announcement for the upcoming rally!
Shake will be joining us this year in his high end RV that does 0-60 in 14 seconds flat.
We have 2 open spots for members who would like to attend.
This trip starts in New Jersey, if you are local and want to join in on the fun, shoot me a message on GroupMe to learn more!
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