Is Your Portfolio Safe from the ‘Mag 7’ Sell-Off?

ByTTT

As the Mag-7 sells off in a multi-wave decline to the downside, fear is spiking in the markets. Is this the time to get into positions or to sit on the sidelines?

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Highlights include:

  • Mag-7 stock chart: is there a rhyme or reason for the recent momentum shifts?
  • S&P500 and the Nasdaq: will they find support and start to grind higher once again?
  • REIT ETFs: why is money moving into this space?
  • Homebuilders: is the recent uptick a short-lived trend?
  • Gold and Silver: when there is panic selling in the VIX, precious metals can begin to trend downward.
  • Energy: in a tightening trend channel, what will happen next?

Though the longer trend is still in a rising-tide environment, we have now moved out of our shorter-term positions as that trend momentum is breaking down. Now, we are safely sitting on the sidelines while the market works itself out.

Chris Vermeulen
Chief Market Analyst
TheTechnicalTraders.com

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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the interview date but may not be accurate in the future.