The analyst reviews SPY and suggests that trading markets at all-time highs is tricky. Based on the trend, the path of least resistance is still up. Labor data looks rough, and inflation is hot, increasing the probability of a Fed rate cut. The homebuilders ETF, XHB, is doing well in anticipation of rate cuts which would lower mortgage rates. Gold and Silver are also roaring to the upside. The analyst has an open silver long position. Gold miners are moving parabolically, but the analyst is waiting for a pullback. Industrials are trending lower due to a slowing economy. Airline stock DAL is expected to come down due to a slowdown in the economy which will decrease flight demand. Utility company NEE could hold well if the economy slows due to rate cuts. The analyst owns this stock and is willing to buy more at $67. UnitedHealth Group, UNH, is breaking out and could continue to rise. Analyst holds 400 shares of TSLA and is selling calls against the position with strike prices of $400 and $355. In NVDA since the analyst sold it, it has pulled back and the analyst lost momentum in that ticker, analyst is waiting for a dip to get back in to NVDA. The stock is very expensive. Analyst says HOOD also looks stretched to the upside.