By Scott Redler
Power Plays Weekly Roundup
August 8, 2025
This was an impressive week for the markets as the active bulls proved the bears have no power.
Last week, I was feeling cautious but the action had me switching gears which is why I've positioned into names like QuantumScape (QS) and Grayscale Ethereum Trust ETF (ETHE).
The action has been pretty stock-specific, and it's our job to figure out what's moving so we can net money.
I'm on vacation today, so I'm not planning on doing much.
And it is hard to get too aggressive in front of the CPI and PPI next week.
Fed rate cut expectations have gone up since the NFP report last Friday, but we don't want to see hot CPI/PPI numbers because that would inject a lot of confusion.
The market's done a good job of handling earnings season and the nonstop trade headlines.
But it definitely will not like stagflation.
Now let's get into our names:
Tesla (TSLA) was a mess for quite a while but it's strengthening nicely. I want to see it hold $316 near-term. That would set it up for a bigger move.
Grayscale Ethereum Trust ETF (ETHE): Ethereum is taking the leadership baton in the crypto space, so I've been quite happy with ETHE. I'm expecting more upside here.
QuantumScape (QS) got a nice lift on Thursday and into this morning as traders anticipate new contract announcements. No complaints here!
Alphabet (GOOGL) got off to a shaky start for us but it's back to full on bullish grinder status. It looks ready to hit fresh highs in the weeks ahead.
Enjoy your weekend!
–Scott
Scott Redler Positions Disclosure as of 2025-08-08 at 8.33.56 AM
These are not Power Plays ideas.


