I'm traveling today, but I wanted to chime in with a few notes for Power Plays subscribers.

We closed out Occidental Petroleum (OXY) on Wednesday, which leaves us with no remaining Power Plays.

But given how weak the market has been, that's not a bad thing.

Remember, we aim for one new idea a week but I don't want to throw you ideas when the market is clearly pointing down.

Near-term, I'd be watching Nvidia (NVDA) and Tesla (TSLA).

The bulls need Nvidia to hold $230, and Tesla to hold $197ish.

If these names get and stay below those levels, we could be in for more trouble.

As for SPY, let's see how it handles the recent low of $396.25. If that breaks, it could hit $393ish. Pivot resistance is $402.29 then $404ish.

I'm writing this before the 8:30 PCE numbers, so things could look different by the time you read this.

But watch the levels above closely for clues on the action.

Enjoy your weekend!

-Scott