During our time in New Orleans at the Portfolio Accelerator event, I brought the Israeli Shekel to the table—and it sparked a really interesting discussion.
We were diving into global risk indicators, and I was showing how the Shekel is an excellent tell for speculative growth stocks and the “ARKKy” trade.
That’s because Israel’s economy isn’t built on commodities or manufacturing like so many others—it’s built on software, cybersecurity, and innovation.
It’s one of the top technology countries overseas.
So when the Shekel starts breaking out, it’s not just a local FX story—it’s the market telling us there is demand for some of the most risk-on corners of the stock market.
And right now? The Shekel is on the verge of a major breakout. It’s literally happening as I write this.
This isn’t some quirky currency coincidence. Currencies are always whispering—sometimes shouting—about what’s coming in other markets.
FX is the deepest, most liquid market on the planet. And when a quiet cross like the Shekel starts ripping out of a multi-year base—we’re paying attention.
When we zoom in, it’s easy to see the Shekel is making a decisive resolution out of this rounding bottom pattern.
After trading sideways for years, this breakout suggests a new uptrend is underway. The 0.2825 level marks the upper bounds of the range—and it’s the line in the sand for a regime shift.
