Stocks took a hit early on Friday after Israel attacked Iran's nuclear facility.

Initially, equities tumbled as oil and gold shot up.

But as the morning has gone on, that's reversed a bit.

And as of 10 am, the decline looks fairly orderly, though small caps are down notably.

This is a good time to take a fresh look at your positions, and assess what you're committed to.

We've had a huge run off the April lows, and we could be in for some volatility.

That's why I cleaned up my loose longs in the middle of the week.

In terms of levels, here are your lines in the sand:

• SPY: $597-$598
• QQQ: $526-$527
• IWM: $208-$210

If we lose these ranges, the market could be in trouble.

So keep 'em on the radar.

Now let’s talk about our current Power Plays:

Amazon (AMZN) finally woke up and nearly hit $219 this week. However, it's getting hit like most growth stocks to close the week.

Grayscale Ethereum Trust ETF (ETHE): I added this because I believe crypto rotation would favor a move to Ethereum. We did get a decent pop this week and I took off 1/3.

DoorDash (DASH) is showing nice relative strength and I'm still a very big fan. I'm looking for it to break back above $220.

Nvidia (NVDA) looked ready to break out this week but is taking a break on Friday. Still, the AI theme is intact and I see upside ahead.

Enjoy your weekend!

-Scott