Arete Trading Weekly Report

Stock Earnings Mixed. MELI Crushes ROKU Collapses 🍊🌂

Stock earnings remain a mixed bag this season. MELI came out and crushed revenue and earnings on every metric. This resulted in a 100 point gain to $1655 after hours. ROKU beat on revenue and guidance BUT lost on most key metrics. Average watching time was down as well as MAU and additions. The one common theme we have seen is tech companies manage expectations after the pandemic. Its not realistic to think AMZN, PINS,ROKU are all going to have the same kind of traffic as when we are in a global pandemic and everyone is home. As far as sectors the semiconductor sector is on fire. With the shortage in chips and pent up demand this could continue for years. Tomorrow’s big event will be MRNA earnings report which will happen at 7 am EST. This can have a large effect on the whole space. including names such as MRVI ,FLGT BNTX NVAX. The focus will be on demand, future revenue guidance as well as any supply issues of materials. We continue to avoid smaller cap names as the IWM continues to struggle. Both the SPY and QQQ look much healthier. Key levels are marked on the charts!

Let’s Look at the Indexes!

Let’s Look at the Stocks!

Subscribe to You Tube! 👈Subscribe and turn on notifications. I go over ROKU, MELI BNTX,MRNA as well 20 other names in this video. I also go over the ZM trade and how you might want to consider a new way to think about your stop losses. Finally, Every evening after the market I do a recap and every morning before the market open we have a Q&A on the day ahead.

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. You need to develop your own process. I am willing to help. If you have questions message me. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely.

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!

Wishing everyone Massive Success

Now you can share the Newsletter!

👇👇👇

Subscribe below!

👇👇👇