Finding The Next Stock To Break Out

JC Parets
April 13, 2023

The catalyst all along was the U.S. Dollar.

During this US Dollar decline over the past couple quarters, the Dow Jones Industrial Average and Nasdaq100 are each up over 15%.

These tremendous gains for stocks started once the journalists all agreed on how strong the Dollar was at the time.

You can see those implications here.

This was part of the reason we've been betting on continued strength from stocks.

Because the Dollar was weak.

The morning of Good Friday I popped into Fox Business to chat about the US Dollar's impact on stocks with Maria Bartiromo.

The last time I was on with her, back in October, we discussed how stocks were still in the early stages of a new bull market.

Now that we’ve seen the S&P500 rally 15%, with the Nasdaq100 up 22% since that interview, people are starting to believe.

It’s been broad based appreciation in stock prices since that October morning.

Every US Sector is positive and many are up over 20%, just since October alone. The numbers are even better when you anchor back to when the new 52-week lows list peaked in June.

Historically, during bull markets you see more and more stocks going up and making new highs. In bull markets you see more sectors participating to the upside and more countries around the world breaking out.

This is exactly what’s been happening for about 10 months now.

All these uptrends you’re seeing in most stocks is not a new phenomenon.

And it hasn’t slowed down yet either. When it does, we’ll be right here talking about it.

Check out the interview in full from last Friday:

With the rotation we've seen into growth stocks this year, I can't think of a better group of stocks than our 2-to-100 Club.

These are the stocks we think can be the next $100B company. We're specifically looking for stocks with market caps between $2B and $30B giving us plenty of room before they hit $100B.

Here's this week's 2-to-100 Club:

In Bull Markets you get more and more stocks breaking out to new highs.

So in this week's scan we're sorting by proximity to new highs to find the next breakouts.

Here's a great candidate $CBOE attempting to break out of this multi-year basing period:

You can find our ideal entry point and price targets in this week's full 2-to-100 Club.

There are more and more opportunities emerging in this market every week.

The Bull Market is not slowing down. It's only been getting stronger.

We'll be discussing this all Monday night on our LIVE Mid-Month Conference Call.

This is everything you need to know, everything happening across markets, and what we're doing to try to profit from it all.

Make sure you submit any questions beforehand if you won't be able to make it live so we can be sure to address them.

See you then!

JC

 

 

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