Arete Trading Weekly Report

🔥Is the selling over ? 📈💰

Today’s Fed meeting ended with a fizzled rally instead of massive selling. Usually during the Fed speech we see weakness in the indexes. That was not the case today. This is one sign the selling may be over. The first piece of economic data that comes out is the Jobless claims at 8:30 am Thursday. The estimate is for 320,000. The number is important but the reaction is more important. If the number is in line to strong and we rally, most likely the bottom is in. If the inverse happens be careful entering new positions because it means there most likely will be more selling bore the bottom is in. There were leaders today and some stocks broke out. Take a look at the top ten video at the bottom of this newsletter. Several winners in there for example ATER was up 40% today. Usually after a correction we see new leaders and some of those are in that video. In regard to the Indexes, the QQQ and IWM look the best. All three indexes need to get above the 50 day moving average and close over higher highs. Key Levels are on the charts !

Let’s Look at Our Indexes

Let’s Look at Our Stocks

Subscribe to You Tube! 👈Subscribe and turn on notifications. Top 10 Buys is below. ATER up 40% APPS , ARQQ, LOVE, SMTC . Its worth your time. Every morning before the market open we have a Live Q&A on the day ahead. It is hyper specific and actionable. Its worth your time. When you subscribe turn on notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos.

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 email me: ARETE@ARETETRADING.NET Wishing everyone Massive Success

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