ARETE SUNDAY NEWSLETTER

EPIC CLOSE FRIDAY! CONTINUATION LIKELY! 🎉🤠

Epic close on Friday makes continuation likely. We had buying across the board in all major tech and the major indices. The semiconductor index continues to set up for new highs and the biotech index looks like it could be bottoming. The latter would add fuel to the rally. Over a week ago I mentioned Payroll data and how this data could lead to a push in the Nasdaq to $343 level. It looks as if this will be conservative. Based upon the movement, Chart pattern, and volume acceleration we could be setting up for a 10-12% move in the index. Key Levels are marked on the chart. The 10-year treasury is at the low end of the rising wedge of 1.66% A break below 1.6% could add fuel to the equity move. The $SPY continues to climb and looks for this to accelerate based upon how the shorter-term moving averages are curving. Also, we are simply jumping over resistance lines. The $IWM still looks toppy. We have no edge or direction yet. It could as easily trade down after breaking the lower channel as it could bounce. A bounce over 21 day could lead to a $TNA 3x ETF purchase. We could also simply rotate out of this space and back into tech. Some of the smaller cap stocks are over pre-pandemic highs. Let’s get to it!

FYI A couple of the stocks on here are on in the top stock video link below. If you want to understand why they are on here. 👍

Let’s look at our indexes!

Let’s look at our stocks!

Subscribe to YouTube! 👈Subscribe and turn on notifications. Ten stocks that could move this week at the end of the video there is a link to how to use candlestick patterns that actually work! I walk through 5 basic ones and one advanced.

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. I called key levels on the $AAPL trader earlier on Friday and $UPST

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