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A shocking investment to catch up to the market by year-end

The market is at record highs, those that missed this year's rally are looking to play catch-up before the end of the year. According to one market-watcher, there's one surprising investment that may do just that.

And here's the kicker – it's related to the oil business.

But it's not a company that drills oil. Rather, it's the ETF that tracks the Alerian Master Limited Partnership index (trading under the ticker symbol AMLP). Gina Sanchez, founder of Chantico Global, thinks the Alerian MLP ETF is a good short-term bet given the current low-interest rate environment. The AMLP has a huge dividend yield of 6 percent compared with the U.S. Treasury 10-year note, which yields just 2.3 percent.

(Watch: Oil in worst weekly losing streak in 28 years)

"The Alerian MLP is a great ETF," said Sanchez, a CNBC contributor. "It's one of the few yield plays out there."

Investing in MLPs is a way to buy into the energy sector's infrastructure without exposure to plummeting crude prices, Sanchez said. "You're investing in the pipelines, the transportation, and the storage," she explained. "You're not actually exposed to oil prices, which are falling. All you need is for oil to flow through those pipelines and you collect rent."

Sanchez is particularly keen on the Alerian MLP because it is the largest of the MLP ETFs, with net assets of $9.4 billion. "MLPs have not has a month of net outflows in two years and overall allocation have more than doubled in three years," she said.

"This has been a very, very strong sector and this does very well in low interest rate environments because it's a yield play," she added. "If interest rates go up, then this will be less of an interesting story. But for right now, it's a great story."

(See: CNBC's Energy coverage)

However, the technicals are not as warm to the AMLP, according to the chart work of Todd Gordon, founder of TradingAnalysis.com.

Though the ETF is not falling like oil, "you're not seeing it break through to the topside like the S&P [500]," said Gordon, a CNBC contributor.

For Gordon to be convinced that the AMLP is a buy, he believes it has to first break above what he sees as downtrend resistance, currently near the $19 per share level. The ETF closed at $18.47 per share on Friday.

"You can see it spiked sharply as the S&P sold off" in mid-October, Gordon said. "It hasn't recaptured those highs so that's a technical divergence. It needs to prove it to me."

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