_____________________________
Broad Market Outlook
Come Saprai, I'm sorry, I mean, as you may know for the last week I have been bopping around Italy taking in some of the sights in Florence, Rome and the Amalfi Coast floating on my $12 inner tube next to $12 million dollar yachts.
Being completely frank, I did not look at the market once while I was away. I was focused more on banging gears in my little Fiat 500 up and down the coast of Italy then giving a second thought to what the Standard E Povero 500 was doing.
Now granted I didn't look at the market while I was away, it was ironic or coincidental that the Euro and USD traded at parity for the first time in 20 years. Making my Euro Trip quite affordable. Maybe I was not trading stocks while I was there but I was picking up amazing artwork for my home at the best exchange in 2 decades while people rented my home while I was on vacation, so I guess in actuality, my guests paid for my artwork. As a result I was still able to scratch that trading itch we all have with the least amount of risk in my own game.
Coming back after the trip and scanning the markets for the first time in a a week, I have to say, things look pretty decent out there broadly speaking.
We continue to see bases form and the free fall drops have seemed to have stopped. The most telling thing for me that we are getting near the end of the stormy action of 2022 is the 10 year continues to play follow the leader with Energy.
We did a great job of milking the Energy sector for all he had this year while also avoiding the disaster that followed. I looked back over some recent trades that I was apart of and we did a great job knowing when to throw in the towel on the Energy sector.
As Energy was peaking, I was lucky enough to get out of SLB before the nearly 33% drop that followed.
Now if we look at the 10 year compared to Energy.
Chart wise and even percentage run up wise, Energy and the 10 Year could be twins, yet Energy was born 2 minutes earlier. We saw how Energy faded into support and has since started to roll over. The little brother wants to be just like his older half and seems to be following suit. If this continues then the overall market should start to find more confidence in these bases where we can push higher and back towards all time highs.
Which is the exact opposite of what most people are the street are thinking or expecting to happen.
From Bennett
SPY
Dow Jones
Nasdaq
Mid Caps
Small Caps
_____________________________
31-1 Handbook Trade
Since the market has been crappy, I want to offer you a 31 -1 trade!
We need to get our reviews up, so we would like to offer you a trade, if you invest $9 in our 3 kindle books and leave us a review for each. We will offer you a $250 credit towards the Trading Experts Comma Day Watch!
Once you order and leave the 3 reviews please shoot me a direct message on GroupMe!
So far 31% of the watches that we have ordered have been scooped up! If you would like to get on the list and save 50% off this watch and watch travel case once the finished products arrive in a few months, take advantage while you can because once we have them in stock, we will only offer them at full price!
_____________________________
PS - Dumb Money Audio Book is Live!
_____________________________
Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
Tech
Energy
Industrial
Telecom
_____________________________
Cyclical - sectors that are more sensitive overall market conditions.
Materials
Consumer Discretionary
Financials
REIT
_____________________________
Tax Experts
We have reviewed quite a few tax returns so far and have yet to find one where we could not have added value.
We recently found a member who paid a tax penalty because his tax guy put he contributed $12,000 into his Roth when he only contributed the max. He paid a penalty for this persons mistake without being aware and his tax guy made up the most ridiculous excuse, it was just embarrassing.
What is the worst case of getting a 2nd opinion from someone who has successfully filed over 4,000 tax returns?
Let's have a second look at your tax return, if we can't find a way to save you taxes on this or next years return, we will give you a months membership free.
Worst case you get a free months membership!
_____________________________
Defensive - sectors that tend to outperforming during sub par market conditions.
Consumer Staples
Healthcare
Bio Tech
Utilities
_____________________________
Monday Group Calls
_____________________________
Big Picture Set Up
DUOL
Buyers continue to step up creating higher pivot lows in this DUOL, it is still a bit with the current trade being more then 11%.
GILD
Nice base forming in GILD and more recently a tight flag forming under this $64 area, this could be a nice low risk trade ($2 risk) out of this base when its ready to move higher.
NBIX
NBIX continues to base out under the $100 level, as buyers continue to step up forming newer higher pivot lows, we can continue to wait to fight a tighter low risk entry.
UPS
UPS is starting to base out under this 190 level with earnings around the corner that could be the catalyst needed to send it out of these base. I am still long this name from 2021 and will look to hold at least until back to new 52 week highs from this add.
_____________________________
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 Private Track Day October 6th 2022
6th Annual Vermont Retreat Jan 19th to 23rd 2023
3rd Annual Private Track Day June 9th 2023
3rd Annual Long Beach Island June 15th to 19th 2023
1st Annual Private Track Day
Our next private track day will be October 6th!
2nd Annual Long Beach Island
If you would like to learn about our upcoming Trading Experts Trips reply Trips to learn more!
_____________________________
_____________________________
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.