As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach.
It's really been working for us!
One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn't just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
We're adding another bullish leg to an existing position we already have on the books in Google.
In early May, we purchased December 120 calls that have performed nicely for us. In fact, we already sold half of our position and are #FreeRiding on the remaining portion of that initial trade. We can't lose!
Given the price action and relative strength we've seen in $GOOG this summer, we're ready to put on another fresh position to take advantage of even more upside.
Whether any of this is true or not isn't really our concern.
I couldn't care less about Grayscale or any of their personal issues.
The "news" is not our problem. What we're really interested in what is actually happening.
But a 5-6% ripper in Bitcoin yesterday and a near 30% rally in Marathon Digital certainly gets my attention.
First, here is a longer-term look at the structural uptrends in Bitcoin and Ethereum as they both held support from former resistance levels at their prior cycle peaks.
Notice how the buyers stepped in right near those former highs:
