This week’s Top Pick of the Week focused on LUMN, which delivered a solid gain as the stock pushed higher immediately after the setup triggered. The trade was opened and closed on November 17th as LUMN broke out of the Green Zone and continued higher throughout the session. The move reflected renewed strength in the telecommunications group, where select names showed improving momentum after an extended period of underperformance. LUMN responded cleanly to the breakout criteria of the TPOW strategy, producing a strong single-day return and reinforcing the value of targeting high-relative-strength stocks just as they rotate back into institutional buying.
Across the broader market, conditions improved modestly as investors navigated a week filled with shifting macro headlines. Volatility remained elevated but eased from prior highs, helping major indices stabilize. The SPY finished the week with a slight gain as market participants continued to weigh inflation trends, Federal Reserve comments, and expectations around future rate adjustments. While leadership remained narrow, large-cap technology and communication services stocks continued to support the market’s upward bias. Breadth improved slightly, although traders remained selective and disciplined given the still-unsettled backdrop. Overall sentiment was more constructive than in recent weeks, offering a more favorable environment for momentum-driven setups.
LUMN’s clean technical move aligned well with the Above the Green Line rules-based approach, demonstrating once again that strong entries backed by clear breakouts can deliver consistent results, even during periods of market uncertainty.
To understand why this weekly approach compounds differently than buy-and-hold investing, see How Weekly Trading Compounds Differently Than Buy-and-Hold
