Have you noticed that the worst stocks on the planet stopped going down?
Chinese Internet bottomed in March. We’re in August.
Cathie Wood’s ARKK Fund is making new 3-month highs. Biotech is making new 4-month highs.
And now here comes Software!
Look where prices found support.
Whether you calculate your low from the 2018 bottom or the 2020 bottom, the bulls did what they had to do.
The risk in software is UP.
And if you look into the largest components of the sector index, you’ll find Adobe right at the top at over 9% weighting.
I really like $ADBE long if we’re above last year’s lows of 425:
As an added bonus, here’s a crypto that’s also setting up nicely.
Howard Lindzon convinced me years ago that Cryptos were basically just software stocks anyway, so I thought it made sense to include $AVAX.
If Avalanche is above 22 I like this $AVAX long and I like adding to positions if it’s above 26
There are a lot of trades popping up these days.
Bases are resolving higher, not lower like they were before.
This week marks the 18-month point of the bear market.
Is it already behind us?
We never really know until after the fact.
So we’ll just focus on our individual positions and manage risk accordingly.
We used to keep track of all of these by hand.
Then we moved on to long excel spreadsheets…
But never again!
Our developer Brett really hooked it up.
He’s the mastermind behind Rangefinder!
Rangefinder is our brand-new trading app that stores every ASC premium trade idea, annotated chart, and trading instructions.
Not only does Rangefinder keep all this critical information in one place…
It also tells you which trades are actionable – in real time!
Give us a call and add it to your account: +1(323)421-7910
Rangefinder allows you to set alerts, calculate optimum position sizes, and take total control of your trading experience.
Your new favorite tool is optimized for both mobile AND desktop.
We just went live with the app at a special event on Friday…
Spend less time attempting to organize your data – and more time trading and doing what you love!
PS: During the demo, Strazza pulled up two of our ideas that are in buy zones right now. Click here to check them out!