Nuke the NextGen Economy

A "NextGen" economy ETF. double top in place and it failed at resistance.

Notable: this isn't only a bunch of aggressive tech stocks. There are a bunch of those holdings, Coinbase is tops at 2.23 percent of assets, but here's as many holdings as I can fit with a screen shot. Lots of "blue chips" too:

Generally, I don't likefunds with lots of filler stocks. I remember a nanotech ETF from PowerShares (now Invesco funds) that had a bunch of stocks like IBM and GE in the top holdings. I want pure plays if possible. In this case, not being a pure-play is a plus for BLCN because it'll probably hold up better in a bear market. However, what's interesting about the portfolio is how it might be a better representation of investor exposure in tech. There's a double-top in place with a target of $36, below the blue trendline. If BLCN is going down clsoe to 20 percent, the weaker stocks in the portfolio will be dropping 30 to 40 percent.

Some Charts

ATVI bounced at very LT support. I have been short HUBS and added puts on SIVB today. No other positions. EDZ looks like a nice base, it is a 3x short of EEM.