Before we start the Roundup, I'm going to add Reddit (RDDT) as a Power Play. These momentum growth names are perking up and I want to ride that wave next week.

So Reddit makes sense.

It needs to hold the $105 to $110 area.

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The market perked up noticeably this week as we got better-than-expected numbers in key earnings reports, like Google (GOOGL) and Netflix (NFLX).

We also saw a very positive reaction to Tesla's (TSLA) earnings miss, a sign that buyers are looking for opportunities.

The trade rhetoric seems to be softening in tone, though the news flow there remains unpredictable.

We are seeing much better action in key leaders like  Nvidia (NVDA), as well as Power Plays names like DoorDash (DASH) and Palantir (PLTR).

Also, you'll notice that gold has fallen hard from its highs. This might be a sign the market is anticipating actual trade deals instead of just the talks we keep hearing about.

Note: I'm bearish on gold in the near term and believe
GLD will break below $300 next week.

We're also seeing interesting action in the crypto space. Bitcoin seemed to decouple from traditional risk assets and then kept rallying along with those risk assets. So the trend is up there, benefiting our IBIT play.

Next week will be very busy with key economic data reports (especially the PCE Price Index next Wednesday) plus earnings from Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN). I'll be looking closely for new Power Plays as post-earnings setups emerge.

Now let's talk about our current names:

DoorDash (DASH) is a perennial favorite of mine when the market is performing well. I expect it to lead in the near term. As long as the trend is up, this name is our friend.

Palantir (PLTR) has been a monster this week and is the #1 name in the QQQ this year. Like DoorDash, when the major averages are up, Palantir tends to outperform nicely. We are down to 1/3 to participate in further upside.

iShares Bitcoin Trust ETF (IBIT) has woken up beautifully, and we are down to 1/3. We will let it ride for now as Bitcoin's momentum remains fully intact.

AST SpaceMobile (ASTS) has been range-bound and tricky, but it appears to be under accumulation and ready for a breakout. A move over $25 could ignite it.
Stay safe out there, and enjoy your weekend!

-Scott