The Amazon of South Korea

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Today's guest is our in-house Quantitative Strategist Grant Hawkridge.

Grant joins us from the other side of the world in Australia. So let's all give him a warm U.S. welcome!

Click here to join us LIVE today @ 8:30-10AM ET and every weekday on The Morning Show. See you there! 

"The Amazon of South Korea"

We've been talking about the rotation into Consumer Discretionary and how powerful this new trend has been as a tailwind for the overall market.

It's not just Discretionary, but High Beta in general. Check out the new 20-week highs in High Beta vs Low Volatility.

Today we're focusing more specifically on Discretionary stocks, and the new all-time highs in Amazon, that are likely to spill into other areas.

First, here's the OG Amazon completing this multi-year base to new all-time highs:

This is a huge theme right now, and we're seeing it in other areas. 

Coupang $CPNG is "The Amazon of South Korea". And look at that base that it's working on completing.

If this massive base looks familiar to you, it should. Many of our biggest winners this year have come out of patterns that look exactly like this.

It's not in every environment that patterns just like this keep working again and again.

It's much more of a function of this current market regime.

We actually put on a very aggressive trade yesterday in shares of Coupang $CPNG.

You're not going to want to miss this one. Remember, all those trades we just put on in China already doubled. And this is after the 25x return we just had in shares of Soundhound $SOUN.

Here's a snippet from yesterday's Trade Alert to members of Breakout Multiplier,

"Amid a market environment where leadership continues to rotate into growth names, Coupang $CPNG has emerged as a standout in the e-commerce space.

The stock has been consolidating in a tight range after completing a rounding bottom formation three months ago.

The stock is holding above the breakout level, with former resistance now acting as strong support.

We believe this coil is about to pop and set off a fresh leg higher."

Click here to access all the details for this trade, including best entry point, and at which prices we want to take profits.

Allstarcharts research has been at the center of everything we've done here for many years.

But you guys have been emailing us and telling us that you actionable trade ideas to take advantage of all the research that's being done across all the stocks in our coverage universe.

And that's how Breakout Multiplier was born.

Very specifically, Breakout Multiplier takes the trade ideas directly from our Proprietary Rangefinder App, and then puts them through a simple 3 step system to maximize the returns over the coming 45-90 days.

The idea is to "Multiply" the returns from these "Breakouts".

Click Here to join Breakout Multiplier RISK FREE and get all the details from yesterday's 2 trades. $CPNG was one of them. But there was a second trade yesterday that you'll want to access as well.

See you in there!

JC