ARETE SUNDAY NEWSLETTER
Are you Ready for Monday? ✌️
What a week! Are you ready for Monday? We are setting up for a tumultuous week ahead. It best for us to be prepared and know where the key levels are and stop losses on ALL your positions. I asked everyone on Twitter what was their worst trade of the week. The majority of responses were the same. It was not the same stock, index, crypto, or option. It was this statement “I did not honor my stop loss when it got to that level” I mention this to make a point. You are not alone most people when beginning to invest make this mistake. We call it tuition. It’s been paid. It’s simple. Do not do that again. That’s it. Move on. We are entering a critical time for the $QQQ especially. Now more than ever it is imperative to have your process down and Honor your stop losses. One quick tip: Certain professional traders enter two trades at once. Buy order and their stop order. Something to consider if execution paralysis strikes.
The focus this week will be on the $QQQ and I will be posting more index charts than normal. I have been saying for weeks we were at a crucial spot and trades would get tougher. This has happened. We are in the bottoming process but that does not mean we have bottomed. Closing below the $312.50 level on the Nasdaq will be the first sign things need to sell down more. That leaves us vulnerable to the $304 level. and is that fails $298 level. The Nasdaq is getting too comfortable under the 50-day moving average. This means that institutional money is sitting on the sidelines before they act. We also formed a “frozen rope” pattern on the Nasdaq weekly chart. The $SPY and $IWM are acting much better than the $QQQ but this will not persist if we break. Key levels on the $SPY and $IWM are marked. For simplicity, purposes focus on the $QQQ and the key levels marked. Watch gold and silver pricing as well as crypto pricing. If they rally it will most likely stabilize the Nasdaq.
Finally At the bottom of the Newsletter. I have a video of the top ten stocks that could move on the week as well as covering the $QQQ. It’s worth your time.
Let’s get into it!
INDEXES
MONTHLY
WEEKLY
DAILY
STOCK LIST
There will be a lot of Buy Alerts in the next week or two.
Subscribe to YouTube! 👈Subscribe and turn on notifications. Top ten buy ideas on the week. Please listen to the end of the video where I discuss $QQQ briefly its important. The link is at the bottom of the newsletter.
As always all investment decisions need to be made by the individual. We all have different risk profiles.No two people trade the same. Understand the buy points, stop losses, trims are suggestions. You need to develop your own process. I am willing to help and offer feedback. If you have questions message me.
Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely in regard to the Newsletter.
*For example $OCGN and $TWTR were mentioned for buy spots
Any questions please message me.
Thank you again for all the messages telling me how this Newsletter improved your performance and made you a better trader!
Wishing everyone Massive success!
Let’s start the week strong!
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