tech

April 29, 2026

Five 'Magnificent Seven' names will post earnings before the week ends. Levels to watch

Frank Cappelleri takes a spin through the technicals in these tech giants ahead of earnings.

Five 'Magnificent Seven' names will post earnings before the week ends. Levels to watch

TL;DR

  • The MAGS ETF has recovered from March lows but is still below its previous highs, showing sideways action for two earnings cycles.
  • A potential inverse head-and-shoulders pattern may be forming on the MAGS ETF chart.
  • MAGS has shown relative strength against the SPX, with historical patterns suggesting potential follow-through rallies.
  • Individual MAG 7 stock performance is varied, with GOOGL and NVDA outperforming the ETF, while others have lagged.
  • Solid earnings responses are needed for the broader large-cap growth complex to strengthen.

Continue reading the original article