Tech Sector Breakout?

Featuring J.C. Parets

J.C. Parets, founder of All Star Charts, is bullish on the technology sector. He lays out the trade and key levels to watch, in this interview with Alyona Minkovski. Filmed on April 26, 2018.

Published on
1 May, 2018
Topic
Trading, Technology, Technical Analysis
Duration
10 minutes
Asset class
Equities
Rating
145

Comments

  • RS

    Robert S.

    8 6 2018 22:44

    1       0

    JC got the last laugh on this one - good call JC!

  • CJ

    Craig J.

    28 5 2018 11:38

    3       0

    Funny thing is that if you've been tracking the performance of all the RV trade ideas so far, this is one of the few money makers

  • JD

    Jonathan D.

    12 5 2018 09:16

    3       0

    50% more 👎than 👍. Sums up RV audience.
    He gave a trade with reward:risk 200:1.
    Viewers are not traders. Philosophers.
    Great job JC.
    I say Forget the Whys, focus on the Whats (price movements)

  • GS

    Geoff S.

    9 5 2018 20:22

    0       1

    9 minutes to basically say "buy XLK because it's breaking out at new highs" without much of anything to back it up.
    I'm a fundamental investor that owns many of the individual names inside this ETF, and I hope he's right, but this "analysis" is a joke.

  • gd

    gerald d.

    4 5 2018 01:12

    2       0

    I dont like his trade, but I am glad that there are different points of view on Real Vision. I dont see why it would be beneficial to jump on the XLK fund when its been on a 10 year bull run. I think the breakout happened a long time ago. I guess this trade can work if we continue with all the shenanigans that have fueled things thus far. Hopefully we get back to free markets, where a trade like this would be ridiculous.

  • JW

    James W.

    3 5 2018 02:47

    5       2

    Why not just throw a dart at a board if this is an example of analysis.

  • MT

    Morgan T.

    2 5 2018 19:16

    1       0

    I may not agree with the trade but it's very interesting to see what people are looking at and how they're thinking about the markets.
    If the fed is gonna pump more money when it starts getting sour it may be a good trade. :)

  • CT

    Christopher T.

    2 5 2018 16:47

    6       2

    lots of bitter bears in the comments; case study on why missing out causes misery.

  • DK

    Dimitris K.

    2 5 2018 08:11

    5       0

    Possibly Mr. Parets is right. But that is not the case. I do not like his attitude, but again this is not the case. I can find counter-arguments to his thesis. Still I am really keen on listening to different points of view and try to be ready to change mine, as soon as there are solid arguments. My red flag here is that when Alyona asked politely for a counter-argument to his thesis, she did not get an answer.
    Just putting a stop-loss, finding some relative strength and an all-time high are not sufficient ingredients for a good trade.

    Dimitris Kallergis, CFA

  • CM

    Chris M.

    2 5 2018 04:50

    1       0

    I get the buy stop thought process, I’ve used it in futures trades... you know those overnight high volatility type trades.
    But the XLK, IDK y’all he looked HYPER bullish on a LT bet in a High volatility market that’s really shaky right now. I have been holding no longer than a week at a time in options due to the usual culprits in the Greeks.
    I’m a TA/chartist myself and I just don’t see the R/R he’s talking about.
    Even if you put Fib on it $75 is the 127 coefficient after pausing at the 618. So IMHO $75 is your top until this correction is over and reasses from there.
    GLTYA 😁

    But I am a firm believer in IOT and the coming 5g infrastructure for autonomous cars. Just not investable yet. Not to me.

  • NI

    Nate I.

    2 5 2018 04:42

    2       0

    On a positive note, XLK isn't loaded up with TSLA.

  • JC

    James C.

    2 5 2018 04:23

    1       0

    Way too oversimplistic. I'm no TA guru but i can take a look at the XLK chart and there's all sorts of red flags. For one, a threatening looking Head and Shoulders setup, along with potentially alarming MACD divergence. Not quite up to RV standard this video.

  • AI

    Andrew I.

    2 5 2018 03:32

    8       1

    Just because you use the word "thesis" does not make your strategy of buying a new high any more convincing.

    I felt like I was watching CNBC telling me to buy at the top! Come on Real VIsion.

  • AD

    Abhijit D.

    2 5 2018 03:20

    0       1

    Good technical analysis. would have loved to hear more fundamentals

  • JJ

    Justin J.

    2 5 2018 01:12

    2       0

    Would not touch it unless the chart yielded a H&S failure. Would consider 30-50 BPs trade risk if so.

  • JP

    John P.

    1 5 2018 21:37

    3       0

    Ya dude we’ve been here before alright. Just after Market top completing right shoulder. Setting up a bull trap and these personalities show up saying go long now.

  • TS

    Tarek S.

    1 5 2018 20:29

    15       1

    The overwhelming negative feedback to this video by the RV community is likely evidence that the trader, JC, is on the right side of the trade here. Classic. Great indication of sentiment. Just because technology stocks are outlandishly overpriced doesn't mean the price is going down. In the end, price is king. Big difference between what "should" happen and what "will" happen.

  • MP

    Mark P.

    1 5 2018 20:01

    2       0

    100! Seriously ! I know the weed movement is thriving but I want what this guy is smoking.

  • DL

    Dan L.

    1 5 2018 18:29

    0       0

    Love this guy's energy. I'm swinging for the fences with Gold... But you can see how this guy embodies the bullishness of the market in technology. Also makes a great point on how institutional investors are all over this part of the market due to momentum.

    When does the relative momentum shift to commodities?

    IMHO - that's where the smart money is starting to allocate now.

  • OM

    Omar M.

    1 5 2018 18:16

    0       0

    First of all I am a fan of Alyona!
    Can't say much about the guest
    Is this an old video?
    Why are we talking about XLK here, hmm
    How about we talk about trades that are working, IMHO

  • JD

    Jeff D.

    1 5 2018 16:27

    0       1

    This video explains how high the RSI was in Jan 2018, and how often it gets that high...about every 20 years. Just a heads up. Jan 2018 was most likely the top for a long time. Best of luck to all.
    https://www.youtube.com/watch?v=jtcdoPwaIxg

  • MT

    Michael T.

    1 5 2018 16:04

    3       1

    How refreshing... I feel like I'm 4 again when someone communicates with me like like this.

  • MC

    Minum C.

    1 5 2018 15:22

    4       0

    Why all the thumbs down? The message in this video is there are buyers of technology stocks at higher prices and sellers of technology stocks at lower prices. This is a pretty valuable message even if you think it's the only one.

  • WB

    Wes B.

    1 5 2018 14:18

    23       2

    Why am I not surprised that a bullish view gets the thumbs down from RV viewers. The pervasive bearishness on RV has likely cost people more money than its made them. Whether you agree with him or not it's refreshing to hear from a bull. And before you mock him... recognize he referencing a predefined level where he admits he's wrong and gets out.

  • PD

    Peter D.

    1 5 2018 11:51

    2       0

    Two thumbs up .... for Alyona...

    She's got a great smile, great posture and provides great reactions.

  • RD

    Ron D.

    1 5 2018 11:18

    0       1

    These flashy "advertisement companies" and "that apple" that are currently in the newscycle make up 30% of XLK, let alone the heavy inter-dependency in the sector. Cisco is like 3% - does he understand that those ETFs are weighted? Im sure he is, but the way he argued made it seem like he really doesnt.

  • JL

    Johnny L.

    1 5 2018 10:40

    4       2

    JC blocked me on Twitter not for being rude/crude but bcs I challenged some of his analysis asking questions or seeking clarification. Ive also agreed with his work on Twitter. JC doesn't seem to appreciate dialog or challenge. I would still like to see his work on Twitter but if he wants to post stuff w/o anyone being able to challenge something he loses out.

  • FC

    Fractal C.

    1 5 2018 09:55

    3       0

    Seriously? If Amazon can’t breakout to new high after earnings, it tells you a story on the whole sector. Being bullish on tech is a call to be contrarian just to be contrarian. Doesn’t make any sense.