Arete Thursday Newsletter

Keep surfing the wave. 💰🏄‍♂️🌊

Apr 30, 2021

As I stated on Tuesday, This is not the old market of 2020 where everything is going to go straight up. We are going to consolidate and build bases that have breakout and retest. it’s healthy. If you can not handle the volatility consider trimming on big rallies and waiting to get back in the stocks you like. Very Quietly stocks are working $SKLZ went from $14 to $21 since we owned it in a week. $ZIM is up 36% to new highs since we recommended it two weeks ago. If you are not making money it’s your process, not the stock market’s fault. Today the $SPY closed at an all-time high. The $QQQ closed over $338.77. We closed less than 1% away from the high. If you are not benefiting do not blame the market. The market does not even know we exist. It simply ebbs and flows. It’s our job to keep surfing the waves. It goes up we sell it comes down we buy. We are not in a breakout market. In other words, stocks are breaking out coming back to bases, and being bought. Case in point $SNAP had great earnings and then collapsed only to hit a new high. The $MUDS and $VZIO trades worked only to come back to supports. Look for patterns. They are everywhere. I expect to see similar patterns in $AAPL $GOOGL $AMZN $FB. Overall I am bullish I have moved up a lot of stock stops solely because the market is less forgiving right now. Please take note. The $IWM is trapped between $230 and $227. I am interested in the $TNA trade but need confirmation. Last trading day tomorrow Finish strong!

Let’s look at our Indexes!

Let’s Look at our Stocks!

Subscribe to YouTube! 👈Subscribe and turn on notifications. Below is a video of Thursday’s Stock Market and the game plan for tomorrow. Especially good info for stocks that came out with earnings $AAPL $AMZN $TWTR $SNAP Consider making these videos 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.

REMINDER: WE ARE DOING A LIVE STREAM OF THE TOP TEN STOCKS TO WATCH NEXT WEEK. SATURDAY AT 1 PM EST.

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 buy levels on $VXRT and $NVDA Which did quite well.

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!

The Chasing Alpha Newsletter

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