The market is at an interesting juncture right here.

The technical picture is definitely shaky, and this feels like a time to do less.

We're seeing plenty of loose and erratic action in key stocks, Tesla (TSLA) being a notable example.

The negative Super Micro (SMCI) note from Hindenburg also isn't helping things, though the semis are off the morning lows at least.

Both SPY and QQQ broke yesterday's lows before reclaiming them, but I'd expect a decent amount of choppiness.

Remember, we have a lot of news coming in the next few days, including:

• Wednesday: NVDA, CRM, CRWD Earnings
• Thursday: DELL, MRVL, LULU, MDB Earnings + GDP, Jobless Claims
• Friday: PCE Price Index

So I may wait until next week before introducing a new Power Play.

Remember, we added two names last week.

So let's go over them now:

META: this has been somewhat frustrating but it's showing relative strength today and should lead if the market stays up.

XBI: I'm still expecting a breakout here. Holding $101ish short-term can speed up the process.

Be careful out there and stay on your toes!

-Scott