🔥We are Beginning to Bottom 📈

We are beginning to see signs of a bottom in the markets forming. The overhanging threat of the Omicron variant appears to be linked with a huge spike in cases but very little rise in hospitalization and death. This is according to the South African report that was circulated early morning. It was not just social media that paid attention to this report. It was also trading desks at investment banking firms, Prop traders and Buy side firms such as large hedge funds. The market always gives you a signal. You may not know why but it always shows you before the news. On Monday we saw the beaten down IWM break major support and look like it was heading to the 201 level. Only to bounce and close over support. As someone that has been shorting the IWM for the past couple weeks I took note but not enough. The next morning news started circulating about the report. This led the IWM to pick up steam and confirm the $211 support. The IWM is heavily laden with travel and leisure stocks which have been hit the hardest by this pandemic. Now we are seeing BKNG and EXPE setting up to break out. President Biden’s speech was very mild in new restrictive measures. Even during the press questions he mentioned possibly lifting traveling restrictions. With the IWM clearly over the wedge line, we look ready to build and base with a solid bottom in place. Another bright spot is the leaders are still the leaders. AAPL and TSLA are seeing inflows and solid price movement higher the past couple two days. Watch the video below. I go over 5 ideas for tomorrows trading session. Four long ideas and one short. Key levels are on the charts. I added two new index and sector comparison charts. Use these to start tracking money flow which leads to opportunities.

Let’s Look at our Indexes!

Index performance over a week

SPY Sector Performance

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. Its 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 notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. The video below is the Top 5 from tonight.

 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 email me: ARETE@ARETETRADING.NET Wishing everyone Massive Success

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