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Broad Market Outlook
The overall magnet near support continues to slowly pull the major markets and sectors closer toward there respected support levels that ultimately should lead to a shake out lower. Except for Energy and Utilities as there magnets continue to pull them higher in this current trading environment.
It still seems to be an ultra specific market where you need to be the sniper, sitting back in the hills in a ghillie suit waiting for your one and only shot. For myself personally, this was the first week in a while where the buy stops were triggering and hitting there marks. BKNG was a nice support buy back on $50 points risk that went for $200 points in 3 days. CTVA broke out nicely on $1 risk that went for $3. Then I missed a shot in BXP when I took my eye off the market and forget to follow the 15 minute rule resulting in a small loss.
After going 2/3 on the week I was reminded of the importance of the 15 minute rule during a trade review with Oscar. We were going over a few of his trades and he had a few, where had he followed the 15 minute rule, he could have realistically broke even or even made money in the failed trades. The ironic part was as we were doing this recap, I ran through my current swings, only to see that I was prematurely stopped out of a winner (BKNG) for failing to follow the 15 minute rule (to the upside), where I could have still been in the trade. Then pulling up BXP and seeing that if I too, used the 15 minute rule, I would have been able to turn that 2% loss into at least a break even trade.
Even though I gave some profits back unnecessarily and took a tiny loss that could have been avoided, it still felt good to hit a few targets from down range this week. To help keep the momentum and confidence into the next shot.
Scanning the market, I still can't seem to find anything that looks better then Django's call on this CIVI and maybe it still might need a few weeks but I will make sure that buy stop is in for when its ready to go. What is your top idea that you are lining up your scope for to take your shot this week?
If you are feeling trigger shy lately as the market has not been quite bountiful from a swing trading standpoint, all you need to find is 1 good idea. Trade light and focus on locking in even a small winner to build that confidence back up and if you can't find something worth shooting at, there is nothing wrong with looking through your scope with your finger off the trigger.
From Bennett
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
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Handbook Updates
Step 2 Audio Book is live and available to download for free! If you could take a moment to download and drop a review, we would greatly appreciate it!
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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!
PS before you open an account at TD, reply to this email with: Your full name and email to get a $50 bonus
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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
Even though oil names seem quite extended, this energy name is still flagging near blue sky levels under a clear level of resistance.
HUBG
HUBG will probably not being going anytime soon but one we should keep on the radar with alerts set when it is approaching that breakout level.
UPS
UPS still in this huge earnings flag for almost a year now, now this just as well could be a big topping pattern and if that is the case, when we see this uptrend break, we will know to step aside, but if it wants to push up through $220 then it could make sense to find a spot to add on tight risk.
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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
1st Annual Private Track Day June 9th
2nd Annual Long Beach Island June 15th to 19th
6th Annual Vermont Retreat Jan 19th to 23rd 2023
2nd Annual Blue Ridge Rally
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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Terms and Conditions Trading Experts LLC (“Company”) is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or urgencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.