Arete Wednesday Newsletter

Huge Earnings Week is Upon Us🚀⛽

Half way through the biggest earnings week of the quarter and we have had some massive swings. We have seen a massive dump on TSLA only to rally back after testing the 50 day moving average. Its resting right on the 200 day. We have seen TDOC miss numbers and then rally back huge in the same day. AMD last night had an excellent earnings quarter and was muted until later today. We closed at an all time on over 100 million shares. FB and PYPL are both down 20 points after hours due to their respective earnings reports. FB declared much slower growth on a quarterly and yearly basis. PYPL guided lower on earnings which is surprising after raising prices. We have two more days of earnings and I expect more surprises and opportunities. The Fed met and Fed Chair Powell spoke. He once again affirmed that they will be the backstop. Essentially it is business as usual and this calmed the market. In regard to sectors the IBB ,Biotech index, is starting to break out and some names in there are starting to get my attention. There could be some huge long term winners in there. Also note the break out in the XLU , utilities and the XLRE , Real estate sector. Both are helping the SPY. I would continue to avoid the IWM. Small caps stocks are broken. We may see short term rallies but it will be short lived. Key levels are marked on the charts!

Let’s look at the Indexes!

Let’s look at the Stock Ideas!

Subscribe to You Tube! 👈Subscribe and turn on notifications. I go over FB ,PYPL,QCOM earnings and several other stocks in tonight’s video. Well worth watching to help with your game plan tomorrow. FB and PYPL are down over 20 points a piece After hours.

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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