Is It Time To SELL Your MAG 7 Stocks?

Mary Ellen McGonagle, author MEM Edge Report, reviews the sharp rotation that took place in the markets after inflation data came in below estimates. She also highlights new areas of possible leadership as interest rates decline. Most importantly, she shares the best way to uncover leadership names that are in new uptrends.
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00:00 - Welcome!
00:56 - Headline News: INFLATION DATA!
01:47 - S&P 500 ($SPX), S&P Equal Weight ($SPXEW)
03:38 - Real Estate Sector (XLRE), Financials (XLF), Utilities (xlu)
05:30 - Industrials (XLI), Health Care (XLV), Communications (XLC)
06:55 - Biotch ETF (IBB), Russell 2000 (IWM), S&P Retail ETF (XRT)
08:50 - Homebuilders (XHB), Software ETF (IGV), ServiceNow (NOW)
10:45 - 10-Year Yield ($TNX), Semiconductor ETF (SOXX), Technology Sector (XLK)
12:39 - Intercontinental Exchange (ICE), Ford (F), Prologis (PLD)
16:04 - Meta Platforms (META), Chipotle (CMG)
17:49 - Nasdaq 100 Members: Amgen (AMGN), Regeneron (REGN)
20:40 - 3M (MMM), LendingTree (TREE)
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[@jimrobertson3098]

I'm seeing more and more headlines every day saying to get out of the MAG7 stocks. Makes me wonder if that many people can be right.

[@JackAndTheBeanstalkr]

sell now because the financial media are clairvoyants (but yet they're not all Warren Buffets)

[@LeGardien781]

Never enough! Specially those bears who expected to buy at lower prices.

[@daveyvane9431]

Ask yourself why and what their motivations are.

[@KTMNomad]

That is sound logic which leads to me to believe they will leg up one more time. They will pull back when the last bear turns bull in disbelief. Plenty of other targets anyways right now.

[@andybromley1721]

I'm not sure if you answered the question of is it time to sell the Mag 7.

[@maryellenmcgonagle9898]

I apologize as I reviewed the video and you're correct. I did not directly answer the question and will do so this Friday.

[@roldancrespo]

Thank you Mary! Your segment has become a must watch for me every Saturday...love your tips 🙏🏼🌅

[@mindytran761]

Me too. I'm not sure if you answered the question......

[@damonkatos4271]

They were calling for the top of mag 7 yesterday. How things change in one day.

[@rossjackson2929]

Good overview. 😊

[@avess64]

Thanks MEM 😊

[@simpiwemaqwara2184]

You're always helpful Mary.Thanks

[@michaelh.7048]

thanks..., very helpful informations.......

[@Desh-tg2im]

Thanks MEM you are cool excellent

[@bruceclarkson8899]

hi Mary Ellen. You are one of the best on stockcharts. Love your work. Question. A few years ago you mentioned on simpler that you were looking into options. Did you have success on that front?

[@maryellenmcgonagle9898]

Hi Bruce, Yes, I did get into options and I've had success with buying calls on select stocks going into earnings. May expand my horizons further as well!

[@billdaker1120]

Excellent job.

[@sohailhines]

For names like Adobe and CRM, being up or down 1.5% is not at all unusual so the correlation with any news event or report may not be especially reliable IMHO.

[@arguellozelaya]

So, I saw the whole video and you didn’t mention the mag7.

[@sunflowerhk100]

She does that all the time. It's annoying

[@mikiedice]

Tesla is not worth owning.

[@kodiakgriz2296]

Curious no mention in bizNews ISM sub 49.. deflationary.. last two times 08-09 2020 quickly... Fed always slow in changeup... Love kashkaris of world still hawkish.... comical.... TY M!

[@domenicocavallaro9832]

❤

[@user-tr8rg1xg9e]

Yes sell all stocks