Stock Market Update: Magnificent 7 Lagging while Money Rotates to SOXX and XLI [PZAJzb3ZGh3]
#StockMarketUpdate #Magnificent7 #SectorRotation #SOXX #XLI #NDX #SPX In this stock market update we break down the clear sector rotation happening right now: money is flowing out of the Magnificent 7 (MAGS) and into semiconductors (SOXX) and industrials/infrastructure (XLI). Despite mega-cap tech lagging, both the NDX and SPX still look bullish on the weekly charts. We also cover why oil is dumping (and why it may be near the bottom of its range), drifting interest rates, MAGS resistance overhead, and the potential impact of the IRGC situation as an exogenous event. Timestamps: 00:00 Introduction 00:22 Almost everything moved higher last week 00:55 Mega-cap tech is lagging SOXX and XLI. Money move from MAGS to the chips and infrastructure buildout. One down the other up is a wash for the indexes 02:24 SOXX had a potential failure but worked higher and likely moves higher 03:10 NDX strong. Can't interpret the weekly chart as negative 03:42 SPX looks very similar just slightly weaker 03:51 Oil dumping is a good reason for that. Oil likely at the bottom of the range so doesn't benefit the equities near term now 04:40 Rates just drifting 04:49 MAGS some strength but a lot of resistance overhead 05:05 Relative strength shows restaurants as strong, oil weak 06:02 IRGC represent an exogenous event but worst case markets are in a range If you trade or invest in the stock market and like clear technical analysis with sector rotation insights, hit LIKE and SUBSCRIBE for weekly market updates. This is for educational purposes only and is NOT financial advice. Always do your own research and consider your risk tolerance. Markets involve risk of loss. L.A. Little's (tatoday.com) is an author and professional trader who creates trading videos that are both educational and actionable; revealing how the neoclassical trading model that he created can make stock trading much simpler and more accurate. It's all about trend and timing by identifying supply and demand on the charts. You can follow him at www.tatoday.com @tatoday on Twitter on YouTube on Substack