Arete Newsletter

Semiconductor stocks as well as biotech will be the theme once this market gets moving.Huge money flow came into such names as $NVDA $AMD $LRCX This is a classic bull behavior. I expect several smaller cap names to start moving in the space as well. We will wait for price to tell us what is going to happen. The Russell broke support at the $194.68 level only to close above it and stay in the falling wedge channel. The $SPY touched $364.38 support only to bounce off and close near the 21 day. The $QQQ did not even make to our support level $303.50. It closed above the 21 day the previous two days and just below the 5 day. The Nasdaq is setting up to be the leading index. We have some uncertainty in the market and added volatility with political events. Know they are out there and be aware. Honor your stops. Expect this week’s action to set us up for next week. When money comes in the market, stocks have been moving.

Congratulations to $FUTU holders I mentioned it on twitter and the Youtube videos but did not put it in the newsletter due to how fast it moved. I am working on a faster information delivery system. The buy alerts Newsletters work but some moves are falling by the way side due to the speed and velocity of the move. I will keep everyone posted.

$CELH and $FNGU are both setting up powerful chart patterns for higher moves.

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As always all investment decisions need to be made by the individual.We all have different risk profiles. No two people trade the same. Please make sure you follow @Aretetrading on Twitter and consider turning on notifications. There are times my updates are timely in regard to the Newsletter. If you do not see a position and have questions please ask me. Thank you again for all the messages telling me how this Newsletter helped your performance or made you better.