First, let me offer a warm welcome to all the people who joined Power Plays Options yesterday after my webinar.

You joined at just the right time!

Normally, Q4 is my favorite time of year for trading.

But the news flow is so fast that the end of Spring and Summer should be jam-packed full of opportunities.

And if you're new to the service, this is your first Weekly Roundup. I send these every Friday to keep our team up-to-date on everything that's happening.

It was looking like we'd close out the week on a quiet note, but the President came out and threatened a 50% tariff on the EU and 25% tariffs on Apple (AAPL).

That hit the futures early, though the market has come well off the lows.

As of 10 am, the SPY is down 1% today and the QQQ's are off 1.3%. On a positive note, IWM is showing some relative strength.

If we get a strong close, that would be a major statement by the bulls -- especially if we can get above the key SPY $588 area.

I still want you to keep your eyes on TLT because higher rates could be a problem for this market.

The TLT's were up this morning on the tariff threats, and now they're coming back down.

Ultimately, I'd like to see TLT grind up to keep the bears on their hind legs.

We're heading into a long holiday weekend, and normally I'd just tell you to focus on spending quality time with your family and friends.

But be aware of how much risk you have on, and what you're comfortable with. Because who knows what kind of good or bad headlines we could get before Tuesday.

Now let’s talk about our current names:

Alphabet (GOOGL) came out of nowhere to shock the doubters with this week's successful I/O AI event. However, it's getting hit like most tech names to end the week. It still has go-to status, even though it might be rocky near-term.

Amazon (AMZN): I added this because of the news that Pershing Square took a new position in the stock. It hit a pre-market low of $196 today but climbed back up over $200 to get out of the danger zone. I still like it here, and in fact I added some AMZN May 30 $210 calls this morning.

Enjoy your weekend!

-Scott

Now let's talk about our current names.

AMZN May 30 $210 Calls: Amazon got hit this morning on the tariff news, but the pattern is still intact. And I actually added to my calls this morning because I expect a rebound soon.

XLE 6/30 $95 X $105 Call Spread: Unfortunately, this position has failed and is in the loss column.

MSOS 6/20 $4 Calls: MSOS occasionally shows signs of life but this sector is a mess. There was chatter last week about SAFE Banking potentially being on the way, but it hasn't helped.

Have a great weekend!

-Scott