Arete Tuesday Newsletter

Are we being taken to the woodshed again? 🏚️🏚️

Before we get to it.Thank you to the 20%-25% of the subscribers that watched the @Youtube video on Sunday. I enjoy putting them out and the feedback. You were rewarded with four of the ten ideas being up 15%-20% in a day. I was rewarded knowing I helped and educated people to be better. It’s a Win. Win.

Are we being taken to the woodshed again? Very simply.No.We have tested the $QQQ level three times at the $312.50 and have not broken. We have not retested the 50 day moving average on the $SPY. The $IWM has not even broken back into the channel yet. There are clear signs we are bottoming across all Indexes. That does not mean the bottom is in. We could undercut the recent lows before consolidating so we need to be prepared on what to look for. I do not think this is likely but it can happen.

Remember “Anything can happen!”- Mark Douglas.

No One thought $ZM would be down $75 points today after an explosive earnings quarter. Certainly, No one thought $RKT would be up 72% today and trade over 300 million shares. $CCIV was supposed to rival $TSLA with their battery tech. Everyone had to be in it. It’s down 70% in 5 trading days. Anyone who was is in these trades and did not plan for the fact that “Anything can happen” got taken to the woodshed. Not us. We are prepared. We have stops in every position. We know exactly where we are trimming. Let everyone else “blow up” and explain to their friends what the market” did to them” We will be over here getting better and better every day. Being totally prepared.

Realize that until this market settles down we will get stopped out of more stocks than usual. If you are not ok with the drawdown. Simply wait for it to settle. If you want to be active but reduce volatility to specific stocks. Consider investing in the indexes right now. It’s much easier to track their movements in this particular environment.

$TQQQ as a long or short vehicle 3x ETF

$TNA 3x ETF on $IWM

$SPY

You will see more index charts than usual with key levels marked. Take note.

Let’s get it.

Let’s look at the Indexes!

$QQQ MONTHLY CHART

$QQQ WEEKLY CHART

$QQQ DAILY CHART

$QQQ HOURLY CHART

$IWM DAILY CHART

$IWM HOURLY CHART

$SPY DAILY CHART

Let’s look at the Stocks!

BP=Buy Price Stop=(Risk) Target=(Potential reward)

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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 $RKT long and $RKT short were mentioned at the reversal bars today. Those that followed along did quite well.

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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