Arete Sunday Newsletter

❤️Short week! Tall Profits? ❤️

Short week ahead but tall profits. We are going to jump right in. The indexes are rallying either above the channels or riding them. The $SPY is clearly above the channel line and looks like it will be the first to flip. If this happens this upward move can accelerate. Let’s see follow-through defined by a higher high Tuesday on solid volume. The $QQQ has been grinding higher and minor support has moved. You can see the levels on the chart. We could move another 2% higher without breaking out of the channels. The most interesting development this week was the massive buying in semiconductors at such a critical spot on the index. Usually, the $SOXL is a precursor to an upper move of the $QQQ. We have been talking about semis and biotech for some time. They both look ready. The $IWM is the laggard. We are forming a possible wedge on the index. What is powerful is that our $TNA trade has not fallen below support. Sometimes the ETFs see more volume before the underlying indexes move as people position themselves. Look at both the daily and weekly chart on the $TNA. Our stock positions are acting very well. Please note the new stop levels and possible target revisions higher. We have a huge earnings week ahead with $PLTR $TWLO $FSLY $SHOP all reporting. I have a ton of setups posted in the youtube video today. Some of these will be in the newsletter shortly once they confirm. Let’s get into it!

Let’s look at our Indexes!

Let’s look at $TNA

$TNA weekly

$TNA daily

Let’s look at our stocks!

Subscribe to You Tube! 👈Subscribe and turn on notifications. There are actionable ideas The Top stocks for the week video released today has close to 40 ideas. Also, today’s video covered $BNGO $CPSH.

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. If you have questions message me. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

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 I called $CPSH as well as discussed $SPCE this week.

If you do not see a position and have 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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