How will Mag7 compare going into this week?

TechnicalHunter
07-16

Let’s read the weekly charts of Mag 7 together:

$Apple(AAPL)$ : Still bullish chart

$Meta Platforms, Inc.(META)$ : Bearish engulfing candle on heavier volume

$Amazon.com(AMZN)$ : Bearish Harami candle on heavier volume

$Alphabet(GOOG)$ : Bearish Harami candle on heavier volume

$Microsoft(MSFT)$ : Bearish Harami candle on heavier volume

$NVIDIA Corp(NVDA)$ : Bearish Shooting star candle (green)

$Tesla Motors(TSLA)$ : Neutral doji after big bullish engulfing candle

Solid flows into $Bitcoin(BTC.USD.CC)$ help absorb supply as Crypto rallies over the weekend. Expectations increase for ETH’s spot ETF approvals this week.

Equities see impressive improvement in market breadth, with mid/small caps being major beneficiaries as the Mag 7 stall.

Pullback Coming! Will You Shop on Sale?
Semi plunge led the market decline. --------------------------- Is this a healthy pullback or just the beginning of correction? Have you taken profit yet? When will you buy tech stocks again?
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Comments

  • a9032
    07-16
    a9032
    Awesome analysis
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