First, let's start with today's new idea:

Name: Taiwan Semi

Ticker: TSM

Price: $81.55

Needs to Hold: $77 to $78

Price Objective 1: N/A

Price Objective 2: N/A

I'm going to add a new Power Play with this Weekly Roundup.

Taiwan Semi (TSM) has buying support from Warren Buffett and it just held a big earnings gap.

So as long as it holds the $77 to $78 area, I think it can outperform into year-end.

This is a bit of a special situation as the market did just come a long way.

But it looks good technically and can spring higher near-term.

As far as the environment goes, the recent light inflation readings definitely helped the bulls over the past week or so.

Next week is Thanksgiving, which is always a bit of a tricky week because we're off Thursday and Friday is a half day.

There tends to be low volume, so expect stocks to bounce around a bit with more volatility than usual.

I think there is a possibility we could see SPX 4028 next week to match this past Tuesday's high.

Apple (AAPL) is strong today which we like to see, though some other tech names like Amazon (AMZN) are lagging.

The economic calendar is pretty light on Monday or Tuesday, so maybe that means there is less risk of bad news.

It would be great to see more progress on the Russia front as well. That could get risk appetites up.

Have a great weekend!

If you've been playing this market, you earned it!

-Scott