Power Plays Market Update
June 24, 2025
By Scott Redler
I just wanted to chime in with a quick update given all the market chaos over the past day or so.
The market seems happy with the ceasefire in the Middle East - just look at the price of oil right now.
Though let's remember the headlines will be fluid, and occasionally made up on social media.
For now, the market will focus on Powell's testimony, and the key economic data points coming later this week, especially the PCE report on Friday.
But remember, it's about the reactions - not the commentary/numbers themselves.
Powell just said said the path of the economy is "highly uncertain" but that's no surprise.
From a technical perspective, it's good to see the SPY and QQQ back above the 8-day moving averages.
And ideally, the majority of today's gap will hold.
As far as positions go, I'm satisfied with our remaining Power Play Nvidia (NVDA). Its been tricky over the past week or so but it is firming up nicely.
I'm eyeing other names and if we get the right opportunity in the right stock, you'll get an alert.
Good luck out there.
-Scott
Scott Redler Positions Disclosure as of 2025-06-24 at 10.22.20 AM
These are not Power Plays ideas.