The market is closing the week in a sort of "no man's land."

The in-line jobs report was what the market needed to keep things steady and prevent a downdraft below SPY $570.

At the same time, the overall action remains bearish as the market keeps getting rejected at the 8 day.

That means we need to be extra careful in selecting names.

From a more macro perspective, the SPY is just 5% off the highs.

Historically, the average pullback is about 13%. And I think we'll see at least one like that this year, with the potential for SPY to see $542 or $528.

Remember, we're coming off a 25% gain in 2024 and a 26% gain in 2023, without much volatility along the way.

So chasing strength is not easy, because there's always the risk of a sudden decline that catches longs off sides.

Next week will be interesting with the CPI report hitting on Wednesday, and we'll be on guard for new opportunities.

Our remaining position -- Alibaba (BABA) looks solid here. The key is for it to break through $145 through authority, which is what it will take for a real move to set up.

Have a great weekend.

Scott