Arete Thursday Newsletter.
Strength in our names! Remarkable moves! Companies to smart for their own good
The indexes are building consolidating patterns across the $SPY and the $QQQ. We have seen massive amount of money pour into trains planes and automobiles over the past couple days. While these names are beaten down.This will not last.Industrial companies have not led a bull market since the 1960s and back then they were innovators.We will see a massive rotation back into leading industries.This has always been the case.Ford is selling less cars now then a year ago pandemic. While I mentioned buying $SAVE today on twitter, all major airlines have said they are two years out from seeing travel return to normal. This is simply opinion on where we are heading.Price will dictate our actions.
“A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.” _ Wayne Gretzky
I want to be clear this is a bull market. This is not mania.The $IWM continues to lead. We are overextended and could pullback. Any pullback to the 21 day moving average and we can consider $TNA again. The $SPY is muted but building a small flag. The $QQQ is getting tighter and tighter which usually leads to spring coil effect. Semis and biotech will continue to lead this bull market. People predicting a great crash do not understand money supply and the underlying fundamentals of what is driving this. We will watch price and set our stop levels and look where the puck is going not where it is. This can go on for years.Of course there will be pullbacks. That is healthy.
Our names our doing exceptional and we have experienced some remarkable moves.Some companies have been to “woke” for their own good and that will lead to being stopped out of some social media names. I expect growth to be rewarded and that will be my focus.
Lets look at the Indexes!
Lets Look at our stock Ideas.
Subscribe to You Tube! 👈 Make sure you turn on notifications. There are several ideas in the one posted today. For example $TLRY $BNGO It’s worth the time to commit to it.
As always all investment decisions need to be made by the individual.We all have different risk profiles.No two people trade the same.
Please make sure you follow @Aretetrading on Twitter and turn on notifications.There are times my updates are timely in regard to the Newsletter.
*For example there were entries given on $DDD and $BNGO today. You can see the timestamps.
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 helped your performance or made you better.
Lets get to it!