Arete Thursday Newsletter.
The Green Theme is on like Donkey Kong!🌿🚗🦍
The green theme is on like Donkey Kong. Whether it be the planned acceleration of cannabis legalized in the U.S. by the House and Senate or the EV initiative, it pays to have a green thumb. We saw earlier this week the legislative body wanting to move faster on all green movements. This means we will see more money flow into the space. The space will eventually have several benefits such as subsidies and tax incentives to buy and use EV products. Note the massive moves in the EV power stocks and smaller EV names as well as cannabis. I expect this theme to continue for at least two years. The larger institutions expect that same and are putting their capital to work.We are seeing massive volume acceleration across this space. This is not retail investors being the driving force. This is large funds understanding the new trend and wanting to profit. As we said Tuesday, Swim with the tide. At the very least, Across it.
The $IWM made a new high today and looks ready to continue. Our $TNA trade is doing very well up 16% since Monday. Look for the $IWM to challenge the high of the trend line shortly. We tested and held support. Bullish signs for all the indexes remain. All time high closes on both the $SPY and $QQQ Note how the moving averages are crossing back to the upside while we are still in the middle of the channel. this bodes well for continuation. Key levels are marked on the charts.
Lets Look at our Indexes!
Lets Look at our Stocks!
Please pay attention to Trim, Stop and Target levels as several were moved based upon the huge success we have had this week.
BP=Buy Price Stop=Stop loss/Risk Be=Breakeven Target = Reward
Subscribe to You Tube! 👈Subscribe and turn on notifications.There are actionable ideas in the ones posted. Yesterday we covered $SOLO and $FUBO.
As always all investment decisions need to be made by the individual.We all have different risk profiles.No two people trade the same.
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*For example there were key trimming points on $OSTK $FUV $DM this week. You can see the time stamps.
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.
Hump day tomorrow !
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