🔥Tensions Decrease🌎Earnings Increase
Global tensions over Russia invading Ukraine have abated for now. It’s having a calming affect on the market after Friday’s massive sell off. The good news is that the situation looks to be stabilizing. While we will not know for at least a week, it does look promising. This has caused Energy stocks to back off from recent highs. My belief is that short term tensions were moving Oil prices. Now with that out of way we can focus on the real catalysts. First, Travel. Earnings of AirBnb and Expedia show that people are booking travel at a faster rate than anticipated. This is causing companies to revise estimates higher. Bookings.com made a new high today! When travel picks up more energy is needed. This coupled with Europe focus on “green energy” without the wherewith-all to sustain themselves is causing massive demand issues. While the U.S. has made an effort to be “green” , it is nothing compared to countries such as Germany that rely heavily on Russia for energy. It will be several years before European countries are able to be green. Until then demand for oil will be strong. Earnings season on the whole have been good. This evening Nvidia beat expectations and raised guidance. While there will be short term fluctuations in price, it is good when companies forecast better earnings in the future. Upstart holdings , the lending company, showed a solid report and raised expectation much higher than even the most bullish analyst. Barring any geopolitical event or major federal reserve blunder, it looks as if the markets have bottomed from Jan 24th and we are trading sideways. We are building a new base before moving higher. It takes time to build a base. It could take months or it could take to the next fed meeting March 12-13. Right now let’s focus on the next set of data and technical key levels. Jobless Claims and Building permits are due out tomorrow at 8:30 both will have an effect on the market. Index key levels are marked on the charts. In tonight’s video I focus on NVDA and UPST. I explain why the move in UPST is just beginning. It’s posted below. Let’s get to it!
Let’s Look at our Indexes!
Let’s look at our Stocks!
Subscribe to You Tube! 👈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. Its worth your time. It is hyper specific and actionable. Tonight’s includes 4 Longs and 1 Short. 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 make sure all notifications are turned on so you receive it. The video below is the Top 5 from tonight and focused on earnings this evening. Pay close attention to what is said about $UPST.
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!
Wishing everyone Massive Success
Now you can share the Newsletter!
👇👇👇
Subscribe below!
👇👇👇