The first is Amazon. Look at that breakout coming out of a multi-year base.
This is how bull markets first get started:
These are things you see near the beginning of trends, not the end of them. Notice how you're getting the exact same breakout from a multi-year base from Software.
Even with Technology stocks struggling so much, Software is a great example of the inter-sector rotation among different industry groups.
As Semiconductors have gotten thrown out, the money flow has gone towards Software.
Like Amazon, like Small-caps and Transports, if Software is above its prior cycle's highs, then it's really hard to be bearish.
And by, "hard to be bearish", I mean regarding these charts themselves, as well as for the overall market.
You can make the exact same argument about Bitcoin.
If Bitcoin is above those prior cycle highs, then it's really hard for me to approach Bitcoin from a bearish perspective, and therefore the overall market:
This is your friendly reminder that we're in a bull market.
Some people have fought it for several years now. Some people are still fighting it.
We have chosen to embrace it and profit from it instead. That historically makes way more sense.
When you go back and study all the bull markets throughout history, you'll find that owning stocks is a much better strategy than selling them or holding too much cash..
Go back and count for yourself. You'll see.
And so with this bull market, we want to look for opportunities to profit even more. We just got a new batch of Monthly Candlesticks and we'll be going through our strategy for the end of the year and into January during our LIVE Video Conference Call Tuesday.
As a Black Friday Special, you can get 40% off an annual membership to ASC Premium so you can join us on our LIVE Conference Call.
That's 40% off our twice-monthly conference calls, exclusive market scans & trade ideas, and RANGEFINDER APP to track all our trades in real-time.
