The Daily Ticker | Sector Rotation for The Win
When the financial contagion began two weeks ago, we mentioned that if energy stocks and financials could join the bullish rally in tech, the market would rocket higher.Well financial stocks rallied for a day, energy stocks also showed nice gains, but tech wilted like a wet paper bag.Such is the mojo for the 2023 stock market. The order flow rotates like college drunk students on spring break. It’s easy to follow using our tape reading method, but we’d like to see it across more than one sector. Until then, we’re in sector specific ideas with an intense focus on groups within the sector.It’s the only way to have conviction right now. Case in point was #CSIQ last week. Most solar stocks are bearish (other than #FSLR) but Canadian Solar stormed higher with a massive gap after reporting. The group was in play, but for only that day. #RUN traded up 11.83% for the day, and has since then drifted lower.Sector rotation for the win (technology). Industry group for the payday. It wasn’t perfect but it was profitable.That brings us two choices, trade what’s unfolding and bring home some quick wins, and avoid getting chopped up. Or, and unfortunately the most common action; trade like there’s no tomorrow.
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Sector rotation for the win (technology). Industry group for the payday. It wasn’t perfect but it was profitable.That brings us two choices, trade what’s unfolding and bring home some quick wins, and avoid getting chopped up. Or, and unfortunately the most common action; trade like there’s no tomorrow.Choice number one is long-term thinking, preserving your capital, your confidence and your sanity. Maybe you won’t make the big bucks this month but your trading account remains in good shape and you are able to pay the bills.The second choice leaves you angry, frustrated and a bit lighter in the wallet. If you don’t pay attention it could get expensive. There’s nothing more damaging than revenge trading, low volatility and light volume. You’ll get chopped up and lose your love for trading.Don’t act on choice number two. Don’t do it. Please. I need you to level up. To make better decisions. I need you to focus on a few stocks for now. When the market is obvious, it’s easy to trade anything and get paid.That’s not where we are right now. Track sector rotation on a daily and weekly basis. Go for the “now” wins and when the big picture clears up, you’ll be one of the few standing tall, and ready for more.Success is a choice. Your thoughts lead to actions. And your actions produce results.Today, right now, the choice is yours. Will you act like a pro or will we see you on YouTube doing jello shots in Ft. Lauderdale with the other freshman?
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