By Jason Perz
Founder’s Note: JC Parets here. Senior Analyst Jason Perz is a key part of the TrendLabs team, one of my most trusted consiglieres when it comes to price action across asset classes.
Jason sees something happening with Bitcoin, and I thought you might profit from his perspective. Here’s Jason…
I first heard the name JC Parets while I was working at a hedge fund.
One of our top traders – a guy who used both cash flow statements and lunar cycles to size trades – was always skeptical of technical analysis.
Too messy, too much noise – but he made one exception.
“JC keeps it simple,” he said. “He follows the trend, does not guess, and just looks at the chart and says, ‘Is it going up or down?’”
That stuck with me.
I was running a systematic trend-following strategy at the time, and I knew exactly what he meant.
In a world built on opinions, the truth lives in the trend.
My Favorite “Risk On” Indicator
Right now, the trend in Bitcoin is up.
Bitcoin has rallied for seven straight weeks and is making new all time highs:
This isn’t happening because of a headline, a policy shift, or a press release.
It’s happening because buyers are in control.
And that signal is showing up across the market.
Semiconductors (SOXX) have rallied 43% from their “Liberation Day” low and now rank among the top-performing groups year to date.
Speculative growth stocks such as those held in the ARK Innovation Fund ETF (ARKK) have ripped more than 50% off the April bottom.
And the S&P 500’s top 10 holdings include nine tech names. The only exception is Berkshire Hathaway (BRK.B).
This isn’t rotation into safety. This is capital chasing high beta, momentum, and leadership.
The latest leadership board confirms that Bitcoin, semiconductors, IPOs, speculative tech, and infrastructure are all within 1% to 2% of 52-week highs:
These groups – not defensive names – are pulling the market forward.
The rally is happening at the index level. But, the real information is in the sectors and groups that are leading the move.
This is not a defensive market environment. It’s a risk-on regime. And the data is telling that story clearly.
It’s saying this is not a “bear market rally.”
New All-Time Highs Are on the Way
It reminds me of Gatsby, standing at the edge of his dock, reaching toward the green light at the end of Daisy’s pier.
He didn’t know when or how he’d get there. He just believed.
Every night, he stood there with his arms out, chasing something just out of reach – but getting closer.
That’s what a breakout feels like.
You don’t know exactly when it’ll happen. But, when the structure’s right, the trend’s in place, and the behavior lines up – you lean in.
Bitcoin is breaking out. Tech is following.
Capital is shifting. The green light is pulsing.
New all-time highs for the U.S. stock market is not a dream. It’s the direction we’re headed.
You don’t need to predict. You just need to recognize what’s already unfolding.
The future isn’t a guess.
It’s a breakout in motion.
Stay sharp,
Jason Perz
Senior Analyst, TrendLabs