ETFdb.com is recommending a new long position for the month ahead. This long recommendation is geared toward anyone that wants to favorably position themselves in one of the potential new leaders in anticipation of a broad market bounce in the coming days and weeks following the nasty sell-off. Below, we outline our investment thesis and outlook for the new recommendation. This position is motivated by relative strength in a high-growth industry coupled with exhausted selling pressures that could lead to a fierce rally. The new long recommendation is based around: The Technology Equities ETF that is in red territory for the past 4 weeks, down nearly 9%, but still up just over 16% for the trailing year. This ETF holds a concentrated portfolio of about 30 securities and is top-heavy as the top 10 holdings account for almost half of the total portfolio. The underlying holdings are very diverse in terms of market-cap size; each segment (micro, small, mid and large) commands around one-quarter of the assets. Despite its choppy performance in the last month of 2018, this ETF still has inflows of $78M over the trailing year. Be sure to click here to review our previous ETF pick.