This was definitely an interesting week in the market.

Aside from the big shift in Tariff picture, with the President's plans being blocked in court, the biggest new this week was Nvidia's (NVDA) earnings report. It was strong considering all the challenges in China. But it was not amazing, and the stock failed to follow through from the initial thrust higher.

We managed to squeeze out a small gain on our NVDA calls - kind of like how we had a small gain on NVDA puts last quarter.

Unfortunately, we took a loss on Amazon (AMZN) calls - thankfully we took them off yesterday, because we'd be at a total loss today with Amazon below $205.

Now the market is at a tricky juncture because the tariff news is truly all over the place again.

It felt like we were getting to the point where we were getting some kind of resolution, but that's out the window now.

So I'm glad Power Plays Options is flat aside from our leftovers in XLE and MSOS.

Very few stocks are acting special, and we've seen multiple leaders lose momentum - DoorDash (DASH), Uber (UBER), and CoreWeave (CRWV) to name just a few.

Since the news flow is so unpredictable, my game plan is to focus on the levels.

I want to see these prices hold now:

• SPY: $586
• QQQ: $517
• IWM: $203.50
• Bitcoin: $104,000
• Nvidia: $137.90

If these levels hold, the market can stay intact and perhaps even rally.

If they break, then there is serious risk of more danger ahead.

The good news is that this current digestive/consolidation period might give us some better setups in the week ahead.

But be careful out there.

Now let’s talk about our current names:

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 a couple weeks ago about SAFE Banking potentially being on the way, but it hasn't helped.

Have a great weekend!

-Scott