Sunday Arete Newsletter
History may be repeating itself Eyes wide open
History may be repeating itself. You need to be alert as to the time of the year and how the indexes usually respond around inaugurations. We usually have a pullback or correction during the 1-2 week period following an inauguration. Does not matter what party. Its the changing of the guard so to speak.I reiterate last newsletter sentiment. This is a bull market.
The $IWM pulled back and as we stated is overextended and could pullback further. Watch pullbacks to the 21 day moving average and we can consider $TNA again. The $SPY tested its 21 day moving average.The $QQQ closed at support $311.98 and the 21 day moving average. We could test the 50 day moving average. This would be a mild pullback before a test of new highs. Very healthy action. Indexes and stocks do not go straight up. There are corrections and pullbacks. We talked about this last week how this could happen. I would recommend setting alerts on your charting system if you do not already. Especially on stocks you missed the move on and want to be a part of.
Our names are significantly outperforming.We have experienced some solid moves. I expect this to continue. However note how the more recent Buy alerts are not moving at the same velocity. Another signs we may come in more. We actually moved some stops up based upon the action. Please note this on the stock charts.Either way the goal does not change. Lets get to it.
Lets look at our indexes!
Lets Look at our Stocks
Subscribe to You Tube! 👈 Make sure you turn on notifications. There are several ideas in the one posted today. For example $TLRY $BNGO were in some of the videos last week with actionable points and process. We also periodically post videos specific to the newsletter.
As always all investment decisions need to be made by the individual.We all have different risk profiles.No two people trade the same.
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*For example there were rejection points given on $FUBO this week. You can see the timestamps.
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 helped your performance or made you better.
Eyes wide open this week !
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Hi Arete.
You mentioned something on Saturday's video about that famous seller putting a squeeze on TLRY. Is GME doing the same? You got my interest on this famous seller. If you have some time how does the story go and what do you mean by a squeeze? I remember TLRY when it shot up when I was looking at it at $22 a share. Also, love the way you talk about the charts and what you see. You are great at what you do.
Thank you.
Jose