This will be the final Power Plays Weekly Roundup of 2024.

So I want to make one thing clear. If you haven't done as well as you wanted in 2024, now is not the time to be a hero and "save" your P&L.

Rather, it's better to take a deep breath and reflect on what you want to do better next year.

The market is still in quite a tricky spot.

We had a nice rally off the post-FOMC dip, but markets are looking pretty sour to close this week as many leaders like Tesla (TSLA), Nvidia (NVDA), and Palantir (PLTR) sell off.

And small caps, which looked like they might be building towards a nice active sequence to the upside, are off today.

I've been lightening up my long exposure as the market seems to be entering price discovery mode.

This could be good old-fashioned profit taking after a fantastic year -- or anticipation of New Year's profit taking -- but nonetheless we'll be careful in looking for new ideas.

Now let's dig into our names:

AST SpaceMobile (ASTS): this satellite broadband play looked rough after we added it, but it's stabilized nicely. It could have a bumpy road, but as long as it holds the $20 to $22 area, it's fine.

Meta Platforms (META) is well off the highs like most tech leaders, but is holding up fine from a swing trading perspective. And I expect big things from this name in 2025.

United States Natural Gas Fund (UNG) has been acting great this month, up nearly 9%. It's one of the few things actually working well right now and it looks like it has room higher.

Have a good weekend!

-Scott