The S&P-500 (SPY) continues to grind higher without giving any opportunities for those not on board to hop on. In what has been a little more of a 'stock-pickers' market lately, I am trying to look for significant breakouts when entering new long positions. This means that I am not simply looking for swing trade setups, but more position trades with wide stops and multi-month breakouts. One such stock that fits my criteria is Goldman Sachs (GS) which made new 20-week highs and pushed through its base as of Friday's close. The stock has reclaimed its 40-week moving average after a 6-month correction and looks like it wants to take a run at the March highs before year-end.

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