The market took the CPI news this morning very well.

And while we should get some hawkish Fed speakers soon, the market looks ready to look past any headwinds.

So I'm going to add two new Power Plays this morning, starting with:

Name: Meta Platforms

Ticker: META

Price: $181

Needs to Hold: $172.35 to $173.35

Price Objective 1: $197 to $198

Price Objective 2: N/A

We exited Meta (META) from Power Plays last week. But I want to go back to the well because it looks like it will lead the market near-term.

Mark Zuckerberg has been saying all the right things lately about cost cutting, which is turning around sentiment.

The danger gone is $172.35 to $173.35. If the stock breaks down into that range, I'll look to switch gears.

But I see it taking out the post-earnings high around the $197 to $198 area.

Now let's move on to our second name:

Name: Apple

Ticker: AAPL

Price: $153.60

Needs to Hold: $148 to $149

Price Objective 1: $155-157.50

Price Objective 2: $161 to $162

Apple (AAPL) is down today on news about issues with Indian manufacturing, but I think the weakness will be short-lived.

If it can get past the $155-$157.50 area, it could be on the road to $160+ or much higher.

It seems to be handling the slowing economy better than most tech companies, so it should lead near-term.

Additional Notes

While I'm not making Tesla (TSLA) an official Power Play because it's up so much, keep an eye on it. It could run hard into the March 1 investor event.

I'd also watch Nvidia (NVDA) because it's been leading and could give us clues on whether this rally sticks.

Stay tuned for more updates.

-Scott