Arete Sunday Newsletter

Solid breakouts! We need follow through 💰🔥📈

Solid breakouts! Now we need to follow through. The nice part of the short week was the action in the three of the sectors in the $SPY . The $XLE closed above weekly resistance for the first time in a few years. The $XLF continues to grind higher. A great surprise was the $XLK catching and setting up. $AAPL and $MSFT are over 40% of the sector. $NVDA continues to be a monster and pull the $SOXX, semiconductor sector. A continuation of the move would great for the Nasdaq,$QQQ. We have been teetering right below $337 on the index and need a push to get us over the hump. Follow through with the Semis might just be what we need. Smaller biotechs are catching a bid which is good. They have been very beaten down. $BNGO and $NNDM seem to be the most active last week. The $IWM looks ready for new highs. Casino stocks especially continue to rally over pre-pandemic levels. $CZR is the best of the group. I feel the $TNA trade mentioned on Thursday is still actionable.

Key levels on the charts are marked. Please note the $SOXX chart notes. I have a short-term trade idea on $UPST listed below. Please read it fully. Also, Expect to see more stocks added this week as the market confirms. Let’s do this.!

Let’s Look at our Indexes!

Let’s Looks at our Stocks!

Subscribe to YouTube! 👈Subscribe and turn on notifications. Below is a video of the Top Ten stocks to buy for next week! It’s packed with actionable ideas. I walk through several trades. Consider making these videos a daily part of your routine. I go over the lessons from the trading of the pro series during them and point them out in real-time situations. I walked through the $AMC and $UPST trades step by step in this video.

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. For example on stops. I want to see it close there at the end of the day.

You need to develop your own process. I am willing to help and offer feedback.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely in regard to the Newsletter as well as other ideas. I called levels on $AMC $UPST today.

You can see the timestamps.

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! 🍀

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