This #1 Sector's Been Right Under Your Nose

You just have to look. [Logo]( Weekly Market Update Today is September 1, 2023 Dear Reader, Hello again and Happy (Pre-labor Day) Friday! One down, one to go… I mean, one seasonally weak month – August – is in the books. And today begins the even more seasonally weak month of September. August certainly lived up to its reputation as a bummer of a month. Here’s how the major averages fared: Bill Spencer True Market Insiders The image below shows the years 2004 through to the present. It’s displaying the percentage of months when the S&P 500 closed higher than it opened. The numbers at the bottom show us the average gain or loss for that month. The numbers at the top of the dark rectangles show the percentage of times the S&P ended a particular month higher than when it began. As you can see, the S&P declines, on average, -0.2% in August and -0.5% in September. (The only other down month is June.) For 55% of the years, August closed higher than it opened. September closed higher 58% of the time. So don’t worry if your account took a bit of a hit during the dog days of summer. Most did. And if you haven’t begun considering risk-mitigation measures, that should be in the front of your mind right now. Tighten stop losses… Sell covered calls against stocks you own… Maybe grab a little portfolio insurance by buying put options. And of course, if you’ve got stocks in your portfolio that did not kill it during the summer rally – get rid of them and use that cash to buy strong stocks in strong sectors, like the Oil Service, Oil & Coal and Semiconductors sectors.     I want to use the “balance of my time” (as they say in Congress) to do a hard pivot and talk about the new True Market Insiders website. If you’re a regular user of our new A.I.-driven platform, you already know that the site is not without its shortcomings. By far the #1 complaint we receive is that the website loads slowly. We’re tackling this problem at the source, by re-building the “back end” of the website. I promise you that we will get those load times down. I reached out to one of our lead developers for some guidance around this issue. He told me… “If something isn't loading correctly, the best thing to do is a hard refresh by CTRLl F5 (on a PC) or COMMAND F5 (on a Mac)." But please rest assured we’re working on this. In fact, the team plans to work over the weekend and on Labor Day as well. Here's what another team member had to say... “I’m personally most excited about when we can start using our own graphing libraries for PNF and stock charts, and doing machine learning and AI stuff with our own market data.” “More automation on the website is going to be a big future thing too. Like alerting users automatically when sectors flip, or a certain stock moves above/below a certain price and many more automated alerts based on various data points.” If this were an ordinary website, a fix would be a snap. But this is a new kind of beast. It used A.I.-heavy algorithms designed to customize your particular user experience. By the time we get things right, you are going to have a one-stop-shop for all of your trading needs. Before you go, here are some quick points about the site you might find useful. When you first access the free part of the website – the part anyone can see all the time – you will notice an image that looks like this. At True Market Insiders we focus on sectors. And we have an entire set of proprietary tools and indicators that make it easier than ever to trade the sectors. One of them, the Sector Relative Strength Matrix, ranks the 45 market sectors from strongest to weakest. That tool is available only to paid subscribers of our services. But we do alert ALL users to which sector is currently ranked at the very top, in the #1 spot. Right now the Oil Service sector is #1. Which is what is indicated by the above image. Also, from time to time you’ll be on a page and something will “pop” up in front of you. Something like this: If you want to make those pop-up thingies disappear, just click anywhere on the website outside the image. Thank you for your continued patience as we work through these issues while making the TMI website the envy of the financial publishing world. Enjoy your Labor Day holiday, and I’ll see you next Friday. Bill Spencer Editor-in-Chief, True Market Insiders P.S.: I wasn’t kidding about our proprietary investing tools. They are the best around, and I’ll bet dollars to donuts that once you start using them… you’ll be hooked for life (and a lot happier with the quality of your trades!) [Click here to start using our top-shelf tools.](   [The Price is WRONG (“Come on down!”)]( [I Told Congress About the Coming Crash]( [How to Survive “Fire Weather” in a Stock]( [YouTube]( [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( DISCLAIMER ©2023 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: True Market Insiders, 7901 4th St. N STE 6113 St. Petersburg, FL 33702. The information contained herein has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. 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