Before we get to our new name, we're taking the following actions for Power Plays:

• Take off 25% of NVDA, leaving us with 75%
• Take off 25% of DELL, leaving us with 25%
• Take off 50% of AMZN, leaving us with 50%

Yes, tech stocks are rocking on Micron's (MU) earnings, but we don't want to abandon all our risk management principles.

Now, on to our latest addition to Power Plays:

Name: iShares Bitcoin Trust ETF

Ticker: IBIT

Price: $35.95

Needs to Hold: $33 to $35

Price Objective 1: $40 to $43

Price Objective 2: N/A

I'm adding Bitcoin ETF IBIT to Power Plays here. Bitcoin looks like it will have a seasonal run into Thanksgiving to get it back to the top of the channel. The key here is Bitcoin getting over $65K - that's the momentum trigger area.

-Scott