Last week, our theme was de-risking.

But we did a quick U-turn this week after the SPY and QQQ reclaimed their 8-day moving averages, adding fresh positions in Amazon (AMZN) and WeBull (BULL).

Amazon's doing fine and WeBull's asleep for now.

And Nvidia (NVDA) has been great.

The momentum is on the bulls' side, but we'll still be careful in adding new ideas and managing risk.

If you participated in this week's upside, congrats.

If you did not, take a deep breath and think about what you did wrong.

Then forgive yourself, because you can't nail every move.

The calendar is pretty light next week because it's July 4 holiday week. Remember the market shuts at 1 pm ET Thursday and is closed Friday.

From there we'll be heading into earnings season which should give us plenty of new opportunities.

And of course, we can expect any number of trade and geopolitical headlines before then, so keep an eye out.

Now let’s talk about our current names:

Amazon (AMZN) looks fantastic and I see potential for it to see the $230 area in short order.

WeBull (BULL) is off to a slow start, which is surprising given how much the market flew. Still, it could slingshot higher once the current selling is absorbed.

Nvidia (NVDA) has been a monster and it can hit the $160 area next week. I would not chase it up here.

Enjoy your weekend!

-Scott