Arete Tuesday Newsletter
So you want to win.
So you want to win. We all do. We need to define for ourselves what that means. When I started this newsletter it was a simple idea. To create the best stock market newsletter that gave out great timely information and educates investors on what it truly takes to be consistent and profitable.
Arete (Greek: ἀρετή) is a concept in ancient Greek thought that, in its most basic sense, refers to "excellence" of any kind. It eventually evolved to refer to the general quality of “superiority or greatness” and could be applied to any area of life. Here we apply it to investing. It’s a simple philosophy that we will strive to be the best investors that we can possibly be a day in and day out. That’s how you win. Consider how applying this way of thinking would improve your performance.
The ten-year treasury broke the 1.55% level which was causing us a lot of pain. We closed at 1.54% today. We need this to hold and sell down more. At the very least not rise at the rate it was previously rising. We are seeing a bottom in commodity prices which should lead to gold, silver, and copper base for some time. This is a great sign and shows that inflation may not be on the horizon. The IWM broke out of its wedge formation and $218.18 is major support now. We can see this being the first to challenge new highs. Take a look at CAKE, PLAY, SHAK, AMC. The dining and entertainment space is starting to move beyond last year’s march lows. The SPY went right to our $388.18 level only to pull back. Flipping the median Bollinger band line would be another buy signal on the index. Make a note. The QQQ has been the greatest laggard and causing us the most stress. We are below the 50-day moving average and under our lower trend line. Today’s action was promising. For the first time in weeks, the bulls mounted an attack and pierced the $312 level only to close slightly under it. NOTHING is resolved on the Nasdaq until we are above the lower trend line of the uptrend. This is a moving target right now around $317. As I stated Sunday in the newsletter and video, I do think we bottomed but that does not mean we go straight up. I expect to flatten out and we will start seeing the leaders outperform such as TSLA today. It’s worth stating again inflow of capital will go to the leaders on any correction.
Let’s get to the indexes
Let’s get to our stocks!
Several more stocks will be added in the coming weeks as the charts develop from the lows.
Subscribe to YouTube! 👈Subscribe and turn on notifications. I covered why I believe the stock market bottomed. There is also a video of 10 stocks that look ready to move. Finally, I do daily video recaps.
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 I gave a buy signal on $FUTU today and key levels on $GME and $AMC Those that followed along crushed it.
You can see the timestamps.
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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