The past month has been pretty wild..

We started a sequence to the downside on July 18th when SPY broke $556ish, and each rally was sold all the way down to 8/5 at $510.

Then we went from $510 to yesterday's high of $553ish.

Unfortunately, I didn't think the market would stretch quite so far to the upside, and I had to take some losses yesterday because I was net short.

My caution towards the broader tape is why we haven't had Power Plays over the past week.

And obviously, I was too cautious.

That said, I do think the market is still overheated, and due for a pullback where we could get great opportunities to put on new longs.

For now, I'd keep a very close watch on the leaders like Nvidia (NVDA), Meta (META), and Apple (AAPL).

They will help us gauge the temperature of the market, so keep an eye on them.

I'll be traveling next Monday to Wednesday, but will try to touch base.

Have a great weekend. You earned it!

-Scott