These stocks have been leading the markets higher and lower for months now, to the exclusion of practically everything else - including hard economic data! (Including PCE, which drops tomorrow.) FOMO-stricken investors and traders are bidding them up to (literally) insane levels.
There’s really not much else left to buy… and if there was it’d be too expensive anyway. Bargains have gone the way of the dodo. These stocks, particularly Nvidia, are all that matter right now.
I hate it, and if you’ve been with me for a while, you know I hate it. But that’s the reality we have to deal with. And it looks like very soon we’ll be dealing with a whole lot of ugly.
That’s because a few of the Magnificent 7 stocks are hitting critical, make-or-break technical levels right now. And if the “break” possibility pans out, the clueless crowd is in for a world of hurt…
Let me show you exactly where these stocks are right now and how close they are to the danger zone…