Arete Trading Weekly Report

YES! We are bottoming! 📈💰

The markets are showing signs of bottoming and have been for several days. While the market indexes where dropping, the internals and indicators told a different story. The breadth of the market, Advanced/Decline line, has widened to a level of 2 to 1 today which is up greatly from where we were last week. This line started getting better while the markets were going down. Second, The Put/Call ratio started the week with a level around 1 which is pretty much a bottoming sign. Note I said bottoming not the bottom. There is a difference between knowing that the process is going on versus simply stating this is the bottom. The Put/Call ratio dropped to .9 yesterday while the market was dropping. This usually does not happen as we see investors buying more puts if they want insurance. Thirdly, the VIX, Volatility index, was unable to make new highs while the markets were dropping. The peak was last Friday even though we continued to see weakness in the indexes. Usually if institutions think the market will have wild swings they buy the VIX as a hedge against volatility. This was not the case. Above are three indicators you can use in your own investing to give you an understanding of what the internals of the market are doing. Overall Yes I do think the bottoming process has begun and I have been adding to positions all week. I do not know if the exact bottom is in or perhaps we see a retest. The two most prominent events this week that could lead to a retest are Jobless Claims tomorrow at 8:30 am and Quadruple Witching which is Friday. Key Levels are on the charts ! Let’s do this !

Let’s Look at our Indexes !

Let’s Look at our Stocks!

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