- Panic Buying Continues
- MAGS Become Extended
- Gold Losing Its Shine
- SOLS - New merchandise
- Nuclear Leadership
Panic Buying Continues
Following up on yesterday’s intraday trends, the MAG 7 stocks had another day of tremendous outperformance vs. everyone else. It appears investors caught off guard by the V shaped recovery have been forced to deploy capital where they can vs. where they want, with the MAG 7 stocks taking in major flows compared to everyone else.
With our process focused primarily on leading growth names, it was clear that today was a continuation of yesterday’s trend as our list of 80 leading names saw the majority close lower on the session. This points to the MAG 7 move as one of desperation to deploy capital vs. a genuine new catalyst.
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MAGS Become Extended
To add greater perspective on the size of this recent MAG 7 move, we have run into the upper Keltner Channel line which traditionally sees the group take a pause - even when in an uptrend.
Gold Losing Its Shine
Having led markets by a sizeable margin for many months, Gold has begun to show signs of waning leadership. Having broken its up trendline, Gold has now been unable to rally back to new highs as risk on resumes despite the SPY doing so. This leaves it vulnerable to lag going forward.
SOLS - New merchandise
Having been recently spun out from HON, SOLS is a leader in specialty materials in high demand by many new innovations. It has formed a classic textbook Cup with Handle pattern. A breakout above the handle would be required for confirmation.
Nuclear Leadership
There continues to be plenty of discussions over the resurgence of the nuclear industry. Though many names in the group had a strong 2025, BWXT is the clear leader in 2026.
When compared to uranium mining giant CCJ, the NLR Nuclear ETF or young hopeful OKLO, BWXT is the only stock which has broken out of its base and moved to new highs on this recent market upswing.
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