Arete Thursday Newsletter
Feels Awesome to Win! 🏆🕺
It feels awesome to win! There is no better feeling than having a plan and executing it. Over the past weeks, we have been talking about how the market looked like it was going to correct and have some issues on the upper trend lines of the indexes. This was reflected in our stock ideas giving us signals by hitting our stops more than usual that something was wrong. We pulled back. We planned. We cut back our holdings and waited and waited. Last Sunday I did a YouTube video stating that we have bottomed yet we held back on adding new stock positions. The reason is we need confirmation. While it’s important to plan. It's even more important to follow your process and that means having patience when there is uncertainty. Everyone who executed their plan should be commended for dealing with a very fast correction. That said. Always plan. Always be prepared. It can ALWAYS get better or worse.
The Nasdaq confirmed today by popping back into the lower end channel and closing above the large hourly falling wedge. Very simply, there will be volatility but the bulls are back in charge. This had to resolve one of two ways. Either the SPY and IWM are going to join the Nasdaq falling or the Nasdaq is going to catch up to them. It looks like the Nasdaq will be playing catch up. This is a best-case scenario. This will give us plenty of opportunities for new ideas. Be careful with energy and inflationary plays. As you will note the 10 Year Treasury is rolling below 1.55% which is exactly what we wanted. We had the IWM making new highs. You will see more money flowing into casino and entertainment stocks. I moved up the $TNA trade stop loss. Note that the Nasdaq was up over 2.3% while the SPY was only up 1%. Key levels for the indexes are on the charts
Finally, you’ll notice our new stock ideas are working exceptionally. Expect to see more ideas than usual over the next couple of weeks. This is the beauty of a correction. We will not waste this opportunity.
Let’s get to the indexes!
Let’s get to the stocks!
Subscribe to YouTube! 👈Subscribe and turn on notifications. The daily recap done today goes over the majority of our holdings.
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.
*For example I gave a buy signal on $NNDM today. Also commentary on the 3 new buy alerts today.
You can see the timestamps.
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!
Wishing everyone Massive success!
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