123Tom's TA study group

[Citrati]

Tom, how in the heck does this make sense? Sure hope the sheeples don't get stuck in up, up, up. It is a very narrow few dragging markets up both SPX and COMPQ etc.

https://investorshub.advfn.com/uimage/uploads/2025/1/3/tmutpScreen_Shot_2025-01-03_at_9.31.57_AM.png

So, will the 493 other names in the S&P besides the Magnificent 7 rally back up toward the big names? Or will the Mag 7 sell off to catch up with the other 493 stocks? I have always believed that the market must first correct to catch up to the majority of stocks, then things can correct from there. It seems fanciful to me to wait for the 493 other stocks to rally back up toward the Magnificent 7. But then again, the algos will do what they please to throw off smart traders at times! 😶