5/24/26 Best Idea For The Week Ahead
The SPY wrapped up its 8th straight green week a feat we haven’t pulled off since we had 9 straight green weekly candles in late 2023. Things have gone well but alot still depends on whether this war with Iran ramps or not. Right now rumors are saying we’re reaching a 60 day ceasefire as a write this on Saturday morning. If that happens we’re in the clear, if not, it can get messy. Last time the attacks began the market went into panic, will we look past all of this now if that happens again? I don’t know but the focus should be on the real story at hand, the biggest technological infrastructure buildout in human history? We shall see.
On a daily chart, below, we may be potentially double topping, we would need to make new highs over 749.53 to invalidate it. For now though we could possibly be forming lower highs. Again it’s too early to make a call like that we will have to see what happens in the coming week but bulls would like to see a move up to 750 and above. Again as long as we’re over that 21 ema at 730 now and rising, things are fine, nothing else really matters.
This weeks best idea is a name that has seen alot of hot money flowing to it over the past week. We’re going to take a look at a couple trade ideas I had in mind. Also I wanted to say this would be my last weekend best idea. I’ve done this for 4 years and now with all the new features going live this coming week, this will be my last weekend deep dive, here is why.
It’s really hard to write something up Sunday when I’ve been logging data all week and I want to try to write up something that I haven’t already highlighted during the week. More often than not I’ve already highlighted something I want to go further on and I end up pushing for something obscure and it is just tough. There’s so many other people in here who’ve tweeted out or written up a name I want to write because they see the trends emerging and frontrun what I’m going to do. For instance, you saw me mention not wanting to writeup Nokia a couple weeks back because someone else had on a friday night and sure enough it ripped another 20% in under a month. I want to be able to write what I want but by the time Sunday has come around so many others on here have already written up the same trade idea. I think it’s better I stop doing it than keep pushing further down my list of ideas. This weeks best idea I should have highlighted yesterday but I tucked it away to write up for the weekend and I just don’t think that’s a good idea because the amount of flow in yesterday’s recap people probably should have put the trade on yesterday incase it gaps up monday morning.
