Some negative news from OpenAI created some weakness in the stock market yesterday, but the damage was minimal. This was impressive…given how much oil rallied…but it seems to indicate just how focused investors are (at least right now)…on today’s earnings reports from several Mag 7 stocks.
We have updated the chart on the MAGS (Mag 7 ETF)…as well as the charts on the four individual companies that are reporting this afternoon. Each one is facing a key resistance level. So, whether they can break above those levels or not should be quite important.
