📈STOCK INDEXS AT A PIVOT POINT!

Stocks Indexes continue their sell off after last Friday’s speech from Jerome Powell. The news that the fed would still be aggressive even in the face of economic data showing inflation is slowing did not sit well with investors. While the speech seemed tame investors took it to mean the Fed will raise 75 basis points again at their next meeting on September 20th. Once the probability shifted to a greater hike than anticipated selling accelerated to the down side. The QQQ has had a tough time holding above major support of the $300 level while SPY is having trouble with the $400 level. Most technology sectors are struggling with major support levels. The semiconductor index closed below the 50 day moving average for the first time in over a month with several leading names such as LRCX ,AMAT, NVDA and AMD all below their 50 day as well. The 50 day moving average is a great indicator for institutional support. Economic data is pointing to inflation possibly slowing with the PCE index coming in at .1% vs .3% estimate , ADP non farm payrolls came in half of expectations which is a great indicator for Friday’s release of Non Farm payrolls. Last month release of payrolls came in double which showed an overheated economy. This number will be closely watched. The estimate of 300,000 is significantly below the 528,000 surprise from the previous month. Technically the indexes are at a pivotal level. We closed at the lows of the month reversing all the gains made in August and some of July. We need to hold the key levels marked on the indexes below. For new stock ideas watch the video below I cover several long and short stock ideas in details. The market is moving fast and video is a better medium to explain all the nuances in this environment. Let’s get to it!

Let’s look at our Indexes !

Several stock ideas are setting up but until the indexes are setting up most of the ideas are very short term in nature. Watch tonight’s video for stock ideas tomorrow.

Subscribe and turn on notifications. There is a new daily video after the market Monday through Thursday! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. It’s loaded with actionable ideas. It’s worth your time. It is hyper specific and actionable. Tonight’s includes Longs and Shorts. When you subscribe turn on ALL notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. Also, Once subscribed you will receive private content on YouTube. The video below is the Top 5 from today covering the NEW IPO ATXG that skyrocketed, NVDA,META and several other very active names. Pay close attention to what is said about the SPY and QQQ monthly charts.

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 email me Arete@Aretetrading.net. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely.

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!

Now you can share the Newsletter!

👇👇👇

Subscribe below!

👇👇👇

Preview the AT Trading Community

👇👇👇

Trade To Win! 🔥