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Financial Planning
Take any hundred people at the start of their working careers and follow them for 40 years until they reach retirement age, and here's what you'll find, according to the Social Security Administration:
1 will be wealthy, 4 will be financially secure, 5 will continue to work because they need to, 36 will have already died, and 54 will be broke living off Social Security and help from family. 5% are successful while 95% are unsuccessful. Care to guess which group had financial planning?
Clients pay thousands of dollars a year to have a financial plan run for them at my investment bank, we include this benefit to you for no cost. If you would like us to put a plan together for you and your family so you can get closer to being in the 5%, shoot me a message on GroupMe saying "planning" and we will show you the simple steps to get you to your first your first million.
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Broad Market Outlook
Two days away from the markets looked like some feasty ones and with our old friend the buy stop, it was good to see the group making money while having a fun time (shouts to KMB, MELI and CRM) !
Right now, pretty much everything is working, which is great for us, as we continue to find actionable set up's. It seems recently that our two bread and butter set ups have been buying up through bases and the obvious bull flag.
Scanning some of the major markets, we can see the Mid Caps are having some trouble at the retest of it's prior high, the SPY is giving us a clear as day sign of when to take the foot of the peddle (sub 320), financials and bio's also seem to be losing a bit of steam as that have gotten back to prior pivot highs.
Given the record amount of PnL posts (which is awesome to see!) should give us a little high five sell signal warning. Not a randomly sell good stocks to lock in profits, more of a consistent reminder to have a plan for "when" the stock turns.
So far we are over 3% towards our $5 million a year goal for 2020!
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Macro Rotation Outlook
Dow Jones
282 stop as the Dow Jones continues toward 30k!
SPY
This 320 is the new line in the sand for the S&P 500.
Nasdaq
8600 stop as we continue to work toward 10k.
MDY Mid Cap Stocks
Mid caps are losing some steam as we have seen in a few other sectors after they lost steam at the retest.
IWM Small Caps
The magnet continues as the small caps play catch up.
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If you have a friend that can benefit from what you have learned from Trading Experts, shoot me there contact info!
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
VGT Tech
240 stop in this tech sector as it continues to new highs.
VDE Energy
The next spot to keep an eye on in this energy sector will be through 84
VIS Industrial
Added to this VIS, however it seems that this was the end of this run for a bit.
VOX Telecom
Telecom continues to grind higher back to retest that $100+ level!
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Cyclical - sectors that are more sensitive overall market conditions.
VAW Materials
The next spot that we can add in the Materials sector will be through that 132 level
VCR Consumer Discretionary
188 stop in the consumer discretionary sector
VFH Financials
Seems the financials are getting a bit weak and losing steam after it poked through the prior high.
VNQ REIT
94 DCA and a 89 stop in the REIT's
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Defensive- sectors that tend to outperforming during sub par market conditions.
VDC Consumer Staples
158 stop
VHT Healthcare
The run continues after a minor pull back, for now a stop below that 190 area, seems to be the smart play.
IBB Bio Tech
122 DCA and 116 stop in the bio's
VPU Utilities
144 DCA and a 136 Stop in the Utilities
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The New Big Picture Set Up
EXPO
We can see how this EXPO failed the breakout a few months back and after shaking a few people out. It is flagging back under this $71 level that could be a spot to start a feeler position and look to add through $72.
Target $100
Entry $71
Stop $68
