"It's kind of weird to say, but I think the Q's are gonna go to new highs, and all the Mag 7 stink."Nate Bear, Lead Technical Tactician, Monument Traders Alliance
Publisher's Note: Before you read Nate's watchlist this week, one thing is worth your time. While the Magnificent 7 grab all the headlines, those same seven companies are quietly moving more than $30 billion combined into one little-known technology. It is not energy, not chips, not rare earths, and not data. A little-known federal meeting is about to crack open a one-month profit window on it, and on Wednesday, June 24 at 2 p.m. ET, we are going live to walk you through the whole situation, with free trade recommendations included. Ryan Fitzwater and Bryan Bottarelli are hosting, with special guest JC Parets. It is free, but you have to claim your spot. Reserve your seat for the AI Dark Money Summit here. Now, here's Nate. — Stephen Prior, Publisher
The Mag 7 are a mess right now, and it does not matter. Look at the damage in those names. Google got hit hard on heavy volume. Amazon is sloppy. Nvidia is getting hit too. If you only watch that group, you would think the whole market is rolling over. It is not. Here is the part that feels weird to even say. I think the indexes are headed to new highs anyway. The S&P pulled back to its 55 EMA, held, and is flagging out for another push. The Q's look even better. The Russell has already pushed to fresh all-time highs. The market is working fine. The strength just moved out of the Mag 7 and into names most people are not watching. So I am not fighting the tape and I am not shorting anything. I am buying the charts that are actually setting up. I recorded a video walking through my three favorites for this week. The first one is the cleanest chart on my whole list right now. I have squeezes stacking up on a couple of different timeframes, which is exactly the kind of compression I want before a name makes a run. We have already started picking some up in Daily Profits Live. The second is a rounding setup coiling up to break a trend line it has been stuck under, and the third is a clean flag pulling back into the buy zone on a name that moves a little slower than the other two. Different shapes, same idea. All three are in the video. The names, the entry levels, the strikes and expirations I am using, the targets, and the trigger I need to see before I commit. Watch the full breakdown below.
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