TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 
Interesting movement of capital today.
Mag 7 is Taking a Break
The Dow Jones finished higher than SPY and QQQ. Medium, small, and mocro-cap ETFs finished the day even higher than the Dow.
This tells me that the indices that are heavily weighted with the Mag 7 are taking a breather as other areas of the market, besides big tech, play the catch-up game.
The Rotation is Real
Just look at the Russell printing higher highs as the rotation into small caps continues. The past seven trading days have been very volatile. CPI data this week caused a swift selloff. Weaker hands might have been shaken out. But it seems like the hot CPI is not going to affect the rotation into small caps.
Be Weary of Major Resistance Levels
The next area to watch for possible resistance in the Russell is an area of coalescing technical levels. You can see this in the chart directly below. Watch this arra for a possible rejection or breakout.
Good Luck Trading
As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.
Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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MonkeyGee : making history again. never a boring moment
SpyderCall OP MonkeyGee : Right. Melt ups are very exciting!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MonkeyGee SpyderCall OP : not when the melt up is only 7 stocks. Rest is still at all time low.
SpyderCall OP MonkeyGee : Right. But there have been a lot of other stocks rallying as well. Just not as strong as the Mag 7.