[Big Tech stocks: Why earnings for the magnificent 7 is a big test for markets]Big tech is dominating the stock market with the Magnificent Seven - Amazon , Apple, Microsoft , Meta , Alphabet ,Tesla , and Nvidia - taking up alomost 30% of the entire S&P 500 market cap. Many of the companies will be reporting their third-quarter earnings this week, with investors keeping a close eye for any potential surprises. $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ $NVIDIA Corp(NVDA)$ $Alphabet(GOOG)$
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Yesterday was the BEAR TRAP. from now on rally for the next 6 months. SPY 500 break is coming in Nov driven by TSLA and META. Enjoy.
As long as economy is good my Meta will go along with blow out earnings, happy investing
In the unlikely event that Mideast tensions ease, SPY will go up in a dramatic one day affair.
Bears are gonna hurt this week with Tech earnings.
Entire 6 month gain on the spy into thin air!