Alfonso De Pablos highlights the day’s most important market-moving chart.
The Next Nasdaq Stars
By Alfonso De Pablos, CMT
November 11, 2025
I’m always thinking about where the next big winners will come from.
Who’s going to be the secular leader of tomorrow?
Who has the scale, the reach, the ecosystem to dominate an industry?
Sometimes you have to dig deeper, past the top names everyone’s watching — that’s where the next wave of leaders quietly forms.
That’s what the Nasdaq Next Gen 100 $QQQJ tracks — the 101st to 200th largest companies.
It’s the “under-the-radar” Nasdaq, and it just hit a new all-time high.
Look at the size of this base.
As long as price stays above its prior cycle highs, it’s tough to bet against these stocks.
When you dig into the holdings, there are real gems hiding inside.
One name that immediately jumped off the page was Grab Holdings $GRAB.
The so-called “Uber of Southeast Asia” is shaping up beautifully.
After completing a multi-year rounding bottom, price is now holding a key polarity level around 5.50.
Looking at this chart, I couldn’t think of a better asymmetrical risk/reward opportunity.
The upside potential is huge and I plan to stay long as long as that level holds.
We even bought calls yesterday in Breakout Multiplier. Steve broke down the entire process in a special event — exactly how we find these trades and the tools we use to spot setups like this.
