New Blackrock ETF Marks the Top
Momentum is also diverging negatively, confirming what price is already putting down.
And now is when the ETF providers are taking their last licks, preying on those poor suckers who are last to the party.
These ETF companies aren't exactly known for anticipating market trends. They're historically way behind the curve and tend to show up uncomfortably late the party.
This is that.
In fact, they decided to launch an obnoxiously Tech heavy ETF now, after it took Tech over 24 years just to get back to the dot com bubble highs relative to the rest of the S&P.
Look at the long-term chart. The last time Tech got to these levels relative to the rest of the market, Tech stocks crashed.
They went from the best to the worst real quick.
This time around, Tech stocks are doing the exact same thing:
It's messy out there for Tech.
I have a hard time expecting the types of returns we've seen from the Nasdaq's top 30 stocks moving forward.
I would much rather bet on the field.
And it's working. It's actually working better than expected...
Breakout Multiplier is looking to make outsized returns on the stocks working, not just Tech. In fact, none of these monster winners so far have been in Tech.
We're seeing doubles and triples over the past week in large Industrial Stocks, a movie theater, and a mortgage finance company, of all things!
Let me explain...
We first launched Rangefinder several years ago to fill a need that our clients had—to get our trade alerts faster.
And it was a massive success.
Now, for the first time, we've actually integrated our research and trade ideas into a Rangefinder-native product. In other words, we've combined our top-notch research with the technology of Rangefinder to help us find breakout trades that will make 100, 200, even 300 percent or more.
So far, this combination has worked amazingly. We've booked over 100% winners in $GE, $RKT, and $CNK in just the last week. This is the power of our Breakout Multiplier strategy.
But that strategy is only half the equation. The other half is the Rangefinder platform.
Earlier today I went live with Steve Strazza and Brett Chaffer, Rangefinder's head developer, to show you exactly how the Breakout Multiplier strategy works hand-in-hand with Rangefinder to find and deliver our trades.
And not just for Tech stocks. This is for any stock that we can make a lot of money from!
JC