Tesla had an excellent trading session on Friday, and now the stock appears to be breaking out of a rising channel. Rising channels after a huge run with a break down out of the channel tend to be bearish, but when it's within a healthy trading range with an upside breakout these can be very bullish. I'm still bullish on a select number of stocks given the low-rate environment that we're in, coupled with some nice bases having formed over the last few months.