10/13 Best Idea For The Week Ahead

We had another all time high weekly close friday. As you’ll see below, we went down during the week and retested that breakout level again, it did its job and acted as support. The market has closed green 9 of the last 10 weeks. To keep things simple, there isn’t much to say here other than this has been an incredible 12 months and as long as that 565.17 level holds, this is a continued bullish trend.

This weeks best idea is a small cap that has just broken out to highs it hasn’t seen in decades. When a breakout of that size occurs and the option flow supports it, we have to discuss it.