Arete Wednesday Newsletter

We continue to grind higher.🎢✈️

Large cap tech stocks are still where the money is flowing. AAPL and MSFT both continue to grind higher. MSFT made an all time high today. The $XLK, technology, is the strongest sector in the $SPY. The $XLY, consumer discretionary is a close second. $XLE , energy continues to sell off. We are currently avoiding the sector. The Focus right now is Large cap stocks such as MSFT AAPL from the newsletter as well as LULU from the top ten YouTube video list. The $QQQ , Nasdaq ,continues to grind higher but showed signs of slowing today. $351 is our first support range. The $SPY , S&P500, continues to grind higher. Watch the $426.72 level for support. The $IWM is broken and looks to be heading lower. We are now below the 8,21 ,50 day moving average. We are avoiding small cap stocks. Consider doing the same and raising cash. We can pullback in the major indexes at any time. There were several failed breakouts today. This is one of the signs I am seeing that is making me feel like we might be due for a pullback across the board.

Let’s get to the charts !

INDEXES!

STOCKS !

Subscribe to YouTube! 👈Subscribe and turn on notifications. There are actionable ideas in the video tonight. $NEGG and $SNAP are very interesting.Every weekday I do a premarket live show at 8:45 am and a post-market taped recap and plan for the next day

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. If you have questions message me. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

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If you do not see a position and have 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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