We're going to close out Nvidia (BABA) and Tesla (TSLA) from Power Plays here.

NVDA's $5.5 billion charge related to  export restrictions has put a very dark cloud over the stock.

And that could mean more valuation retraction as estimates and expectations come down.

Since there is risk of a bigger loss, the prudent move is to step aside.

As for TSLA, it is getting off to a rough start and looks like a trap.

So I'd rather cut the loss quickly rather than just hope it gets better.

Yes, this is frustrating because we just added these names yesterday.

But this tape is very hard and things are changing fast.

We must respect the environment.

-Scott