8/9/25 Best Idea For The Week Ahead

We wrapped up another incredible week closing with our highest ever weekly close on the SPY. Look below and you’ll notice not a single close below the 8 week(dark blue) since April, this is strong uptrend. I’ve mentioned this before but look at the 21 week just over 600, we’re over 6% away from it, that still is the most extended we’ve been in years so you have plenty of people calling for cooling period but that doesn’t mean we have to go down, the moving averages are sloping up and can catch up to this in a few weeks, historically though, they do converge more often than not.

This week’s best idea is a company that just had a phenomenal earnings reaction and is now set to be a PEAD candidate and drift for the period ahead. We will look at some recent trades placed on it post earnings and I will draw up a few trades including a longer term trade you can put on to get long at lower levels while swinging for a big gain higher.