We opened the short holiday week with HOOD as our Top Pick and took a quick, rules-based win. The trade was entered on Tuesday (9/2) and, when price hit our conservative +4% target on Thursday (9/4), we closed the position rather than hold into Friday. That’s by design: TPOW prioritizes base hits and risk control—when the target is reached early, we book it and move on. The setup fit our playbook (SCTR strength, above the Green Line, and a stochastic rebound), and the follow-through arrived promptly, which is exactly what we want in a compressed week.
Broadly, stocks were constructive. SPY finished the week modestly higher (about +0.3%), with the Nasdaq up ~1.1% and the Dow slightly negative (~-0.3%)—a classic “risk-on” tilt toward growth even as the Dow lagged. The S&P 500 hovered near record territory as yields eased and traders leaned into the view that the Fed is likely to cut rates at the September meeting, pending this week’s CPI/PPI prints.
Our takeaway: when momentum aligns with our rules, we act—and if the tape gives us the weekly target early, we don’t overstay. We’ll keep focusing on high-RS names riding strong trends above the Green Line and only press when breadth and volume confirm.
