Dow Could Hit The 40,000 Point Level

The Dow Jones Industrial Average just set a new record. It crossed the 30,000 mark for the first time ever last month. While the number itself is symbolic, the rally we’ve seen in recent months has been nothing short of incredible.

The Dow Jones Industrial Average just set a new record. It crossed the 30,000 mark for the first time ever last month. While the number itself is symbolic, the rally we’ve seen in recent months has been nothing short of incredible.

By Chris Igou, analyst, True Wealth

The Dow Jones Industrial Average just set a new record…

It crossed the 30,000 mark for the first time ever last month. While the number itself is symbolic, the rally we’ve seen in recent months has been nothing short of incredible.

The Dow is up 63% in just nine months since the March bottom. And that blistering rally has a lot of folks questioning what happens next.

My answer is simple… Dow 40,000!

That’s not a wild prediction, either. It’s simply a bet that history will prove to be correct once again.

You see, the 30,000 level is a major breakout. And when major breakouts happen, more gains usually follow. In fact, 100 years of data show us more outperformance is likely from here.

That means Dow 40,000 could be the next stop. And you really want to own stocks now.

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The Dow has made an incredible move higher in recent months. Again, it’s up 63% since bottoming in March.

That kind of rally is amazing for a major index. And it’s even more impressive given what has happened in the economy and around the world during that time.

Now, you might think that the rally has to cool down soon… or that a pullback is likely after such a strong run higher. You might even think that hitting the 30,000 milestone is itself a warning sign of a coming decline.

History says that’s not the case. Instead, buying after new highs is a good thing.

Since 1920, the Dow has continued to outperform after hitting a new 52-week high. And as the chart below shows, we have this exact setup today. Take a look…

This rally has been strong. The Dow is back in uncharted territory as it hits new all-time highs. But this breakout doesn’t mean the rally is over…

Buying after similar new highs has led to winning trades 74% of the time. And history shows that at times like these, you can expect to outperform in the months ahead. Take a look at the table below…

The Dow has returned about 6% a year since 1920. But it performs even better after new 52-week highs like today’s…

Similar cases have led to a nearly 5% gain in a typical six-month period. And they can lead to an 8% gain over the next year. That’s significant outperformance.

Those are the gains you might normally see after this kind of setup. But if the trend continues like it is right now, the gains could be much higher… The biggest move after one of these instances was a 48% gain. That would be more than enough to eclipse the 40,000 level in the Dow.


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I’m not betting that will happen in the next year. We can’t know for sure what’s going to come next for U.S. stocks. But the smart bet isn’t on a crash… It’s on higher highs from here.

The Dow has plenty of room to run. And 40,000 could be the next stop. Either way, you want to own stocks now.

The Tech Rally Isn’t Over Yet

The technology sector has led the way up since the March market low. The Nasdaq 100 is up more than 75%. However, within the tech sector, one specific industry is up even more… with a 100%-plus rally since the March low.

The technology sector has led the way up since the March market low. The Nasdaq 100 is up more than 75%. However, within the tech sector, one specific industry is up even more… with a 100%-plus rally since the March low.

By Greg Diamond, editor, Ten Stock Trader

In all my time on Wall Street, there was one question I would get from other investors and traders that always irked me…

“So what do you think?”

As soon as someone asked me that question, I would answer with something generic like “It could go either way.” I did this because I came to realize that 95% of people on Wall Street don’t actually care what you think… They just want you to hear what they think.

They would ask the question just to start the conversation so they could talk.

There’s no shortage of opinions in this business. Yet thoughts and opinions are of little importance to me – it only matters what you do. This is a results-driven game – you win or lose in the markets by your actions.

But when I encountered this opinion about the tech markets recently, I decided to take a closer look…


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Now, anyone who knows me well knows I don’t read Wall Street research. It isn’t that there isn’t great info around – there absolutely is. But I know my strategy and what I do. And I don’t want to be influenced by what other folks think.

I’m also not one to tell people they are wrong or insult what they think or do. There is not a soul on this planet who is right 100% of the time. The stock market humbles everyone at some point, so I’d rather not put negative energy toward a difference of opinion.

But every now and then a headline will catch my attention. And in late October, I saw a headline that did just that…

Hedge-fund manager David Einhorn of Greenlight Capital told investors that not only are technology stocks in a bubble, but more importantly, that bubble popped on September 2.

To his credit, Einhorn did say his tech-bubble top call may be disproven. But any time I see someone mention a specific date, it catches my eye. I do relentless research on time and price in the markets.

So I wanted to dive into this call a bit more. And if you’re in doubt that tech stocks can keep going higher, you might be surprised…

The technology sector has led the way up since the March market low. The Nasdaq 100 is up more than 75%. However, within the tech sector, one specific industry is up even more… with a 100%-plus rally since the March low.

Semiconductors are the leader.

This is the most important sector in tech. Why? Well, if we look at history, it’s clear that semiconductors can tell us a lot about the direction of tech stocks as a whole.


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The only time frame that’s similar to the current bubble is that of 1999 to 2000. And semiconductors led then, too. But the top was marked when semiconductors made a lower high than the Nasdaq.

This is key. Take a look at the chart below…

The semiconductor index, or the “SOX,” is labeled in red, and the Nasdaq 100 in blue. Look what happened going into the 2000 tech-bubble top… The SOX made a lower high on March 24 (marked with green circles), while the Nasdaq 100 made a higher high (marked with blue circles).

When semiconductors stopped leading, that was the big warning. That is the price divergence that signals weakness ahead.

So what does the spread between these two indexes look like now in 2020?

It’s a little difficult to see, but note the green line. This marks a higher high in the SOX. The Nasdaq 100 made a lower high within the same time frame marked by the blue circles.

The takeaway? Semiconductors are still leading.

So unless the most regrettable words in the markets turn out to be true for once (“This time it’s different“), I do not see a long-term top in technology yet.

I first highlighted this signal to my Ten Stock Trader readers on November 2. And it has proven accurate… Both the tech sector and semiconductors are making higher highs once again. That means understanding this correlation will continue to be important from here.

This is what I think about the tech sector. And so far, it has played out as I expected, with new highs as semiconductors lead the way.

But more importantly, I plan to profit – and have with this type of analysis. Ultimately, the market will dictate who is right and wrong… but in this business, actions speak louder than words.

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Another Way to Profit From Bitcoin’s Breakout

The trend of Wall Street acceptance for cryptocurrencies. Today, I’ll show you how this trend is developing across Wall Street, what it means for crypto, and how it will be one of the biggest moneymaking opportunities in 2021.

The trend of Wall Street acceptance for cryptocurrencies. Today, I’ll show you how this trend is developing across Wall Street, what it means for crypto, and how it will be one of the biggest moneymaking opportunities in 2021.

By Greg Wilson, analyst, Palm Beach Daily

Just the other day, a tweet went out…

“It’s not too late for Bitcoin…”

The author… Jim Cramer.

I imagine most of the folks reading this have heard the name.

For those unfamiliar, Cramer is a former hedge fund manager. It’s said he produced a 24% average annual return over his 14-year run.

After that, he founded TheStreet.com, a website for financial news and literacy.

But he’s most famous for his CNBC show Mad Money. And he’s got quite an audience.

Over 200,000 people watch him every day. And 1.4 million people follow him on Twitter.

So when Cramer pounds his fist on the table and says, “buy, buy, buy,” that message has a large audience.

Listen, it’s great that Cramer likes bitcoin. But that’s not what’s important here.

What’s important is that Cramer is part of a growing trend. The trend of Wall Street acceptance for cryptocurrencies.

Some may think this is FOMO, or the fear of missing out. But that’s not right.

Cramer is reportedly worth over $100 million. If he misses the bitcoin trade, he’s still going to eat.

This is about the fear of being wrong.

None of these Wall Streeters want to be the one who missed out on bitcoin.

Today, I’ll show you how this trend is developing across Wall Street, what it means for crypto, and how it will be one of the biggest moneymaking opportunities in 2021.


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The Stampede Has Started

$3,596…

That’s the low bitcoin reached at the height of the coronavirus pandemic in late March. And more than 80% off its all-time high.

If you thought bitcoin was going to die, that’s when it should have happened.

But a funny thing happened instead. Bitcoin didn’t die. In fact, Daily editor Teeka Tiwari pounded the table and said buy more bitcoin at the time. By the end of April, it was over $8,000 again. And it has been going up ever since.

One of the catalysts is “atychiphobia,” the fear of being wrong.

But it’s not just being wrong… it’s being called out for being wrong by your peers.

That’s the fear running through the hedge fund world today. Nobody wants to be wrong on bitcoin.

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We can thank Paul Tudor Jones for helping to kick off the trend.

The longtime hedge fund manager founded Tudor Investment Corporation back in 1980. He started with just $30,000 to manage. Today, Tudor Investment manages over $9 billion.

And Jones personally is worth close to $6 billion. Suffice to say, he knows how to make money. So it was significant when Jones told clients this past May he was buying bitcoin.

His reason for buying – he sees bitcoin as a great hedge from what he calls the “Great Monetary Inflation.” The unprecedented money expansion by governments around the world.

But the reason is not the most important thing here…


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The most important thing is that he became the first big-name hedge fund manager to buy bitcoin.

The floodgates are now open. And now every hedge fund manager has to ask themselves: Am I wrong on bitcoin?

When they do, I believe they’ll arrive at the same conclusion as Cramer…

It’s the conclusion another famed hedge fund manager – Stanley Druckenmiller – reached recently.

While he manages family office money today, Druckenmiller is perhaps most famous for running George Soros’ Quantum Fund.

In 1992, he and Soros famously shorted the British pound sterling, breaking the Bank of England and reaping over $1 billion in profits.

Like Paul Tudor Jones, Druckenmiller is a guy who knows how to make money.

He sees bitcoin as having “a lot of attraction as a store of value.” And he thinks it could outperform gold.

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And now we have Ray Dalio – another famed hedge fund manager worth several billion – saying “he might be missing something on bitcoin.”

He positions himself as wanting to learn more like he doesn’t have 1,500 talented employees at his disposal at Bridgewater Associates…

I’ll tell you what he’s really doing. He’s positioning himself not to be wrong.

It wouldn’t surprise me if Dailo owns bitcoin already. And I wouldn’t be surprised to hear an announcement of it in the near future… once his learning period is over.

In 2021, the question isn’t which hedge fund manager is buying bitcoin, it’s which hedge fund manager isn’t buying bitcoin.

The question is, how do we profit from this trend?


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The Top Crypto Trend in 2021

On Monday, bitcoin briefly surpassed its all-time high of roughly $20,000.

And for most hedge fund managers, it’s a frightful time. Why? Because almost none of them are in the trade. And if they don’t get in it, they’ll be wrong.

Even worse, the financial media won’t be shy in telling them they’re wrong.

And that’s why I wouldn’t be surprised if bitcoin breaks through again and moves higher from there.

Obviously, one way to play this is to buy bitcoin. But you can do even better with what we call “Tech Royalties.”

Tech Royalties is the name we’ve given to a subclass of crypto investments that pay you to hold them. They provide you with a steady stream of income that increases in value over time as the underlying cryptocurrency becomes more valuable.

Just like a musician makes more money from their royalties as their music becomes more popular.

What’s great about Tech Royalties is you get capital appreciation along with monster 10%-plus yields. So as bitcoin and other crypto explode in price, the income you generate will rise, too.

I expect big moves in the Tech Royalty space over the next year or so. It’ll be the biggest crypto trend you haven’t heard of in 2021.