Arete Tuesday Newsletter

Panicked people present opportunity 😱😱📉📈

Panicked people present opportunity and there was plenty of that today. To start with we broke most of the key levels on the indexes at the end of Monday. This led to a massive sell-off at the open this morning. I mentioned last night on Twitter this could be a waterfall event. That’s what happened. People panicked and sold indiscriminately. We had several stocks that sold down to get me out at any price. Today performance will vary greatly for each investor. The first question is were you prepared or did you panic? Those of us prepared were able to take advantage of the major move down to support levels and snap up bargains while those panicking sold. When looking at the Index and stock lists today, please note the support levels that have been on the chart previously and how many touched it and then reversed course. Also, please note how many stocks we were stopped out of as we raised our stops and how your performance would have lagged not doing so.

The $IWM continues to be the best closing above the 21-day moving average and minor support falling right back into the falling wedge. Watch for a higher high above the channel line for confirmation. In regard to the $QQQ, we sold down straight through the 50 day and hit $312.50 only to bounce and rally. This presented a perfect buying opportunity for the $TQQQ which was mentioned on Twitter. The $SPY went green today and is back in its channel as well. Only the $QQQ is out of its channel right now and that is typical of the tech-laden index. This sell-off is reminiscent of the 1995-1998 time frame. We should welcome the volatility. It presents a huge opportunity. We added two new buys today. I would imagine you will be seeing more in the next week or two. There are lots of setups after today!

Let’s look at our Indexes!

Let’s Look at the stocks!

BP= Buy price Stop= (Risk) Target = (Reward)

Please note the difference in Percentage Gain by honoring your stop.

New Buys

Subscribe to YouTube! 👈Subscribe and turn on notifications. Today’s video showed where certain stocks bottomed in this morning’s bloodbath and why. Also, packed with processes you can make your own.

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 and offer feedback. If you have questions message me.

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 called the bottom in $PLTR today as well as $BNGO,$TNA, and $TQQQ. Four actionable trades while we saw sheer panic. You can see the timestamps. It’s not timely to do it in newsletter form.

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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