Before we start, we'll take off another 1/3 of Apple (AAPL), leaving us with 1/3 left. Apple can often get stuck in ranges so I'd rather take something off here.

*******

It was a solid week for the market, with tech leading the charge.

The QQQ's are up 2.7% this week, so I'm glad we participated with Apple (AAPL) and Netflix (NFLX).

The big story this week, aside from the China stock surge, was the market shaking off hot CPI and PPI reports like they were nothing.

It's why we focus on price action and not opinions.

Because if you think the real world works the way things sound in textbooks, we "should" have collapsed.

Yet buyers stepped in. And I don't like to argue with buyers.

If momentum is pushing things up, I want to be long.

And just like that, SPY hit all-time highs and the QQQ's are an inch away.

The key is to be ready for rotation so you can be where the money is.

For example, Mag7 has been all over the place with Meta (META) skyrocketing and the others going all over the place.

Now let's go through our names:

Apple (AAPL): we added Apple this week and so far, so good. We're down to our final 1/3 which we'll let fly for now.

Arbe Robotics (ARBE): this robotics name has been going sideways which has been frustrating. Still, it's keeping out of the danger zone so we'll stick with it for now.

Netflix (NFLX) has been a rockstar this month, and we took off half this week to lock in a quick gain. It still looks higher though I would not chase it.

Nio (NIO): this speculative EV name struggled for a while but it woke up today on the surge in China stocks. It still looks good.

Have a great weekend!

-Scott