ARETE NEWSLETTER

December 3.2020

More then half way through the trading week and the markets are making new highs but the move so far has been muted. We are seeing some profit taking in the semi names and certain biotech that were seeing a ton of action the past weeks. Rotations such as this are healthy and can continue to make a bull market last a while. Notice how SNAP and PINS seemed dead or slow and now closing at new highs. The SPY500 will trend higher but will continue to be slow. The Russell is acting better then anticipated. Several key components are holding their ground. Cruises,airlines, casinos usually roll over. Now they are having continuation gaps . We mentioned on Tuesday, this could be position buying by larger firms. Overall index wise I think the Nasdaq has the most potential so that has my focus.

Lets look at the Major Indexes.

Lets follow up on our stock ideas

As always everyone has different risk tolerances so each person needs to make their own decisions. Sometimes I will include different stop locations. It’s up to the individual to decide. You could also stagger your stop by selling a partial at the more conservative price. The goal is to never get taken out of the game. The gains will come. The new format of mailing out the Buy Alerts ideas real time is working well. So far there have been three this week. Two of them would not have made it onto the list as they moved to fast away from buy points. Feel Free as always to message me on Twitter with questions.

Happy Trading !