🏆 Today's Chart of the Day was shared by Jack (@alphacharts365).
- All four major averages closed at all-time highs this week after gapping higher with authority this morning. While Small-Caps led today and this week, Mega-Caps saw a very constructive move.
- The Magnificent 7 ETF ($MAGS) broke out in the most bullish way possible, logging its first all-time high in over a month. It gapped above a well-defined resistance level at $66.50, marking a Breakaway Gap.
- As Jack notes, five of the Mag 7 report earnings next week. $MSFT, $META, and $GOOGL report Wednesday evening, followed by $AAPL and $AMZN on Thursday.
The Takeaway: The Magnificent 7 ETF ($MAGS) broke out to all-time highs for the first time in more than a month today, with five of the seven names reporting earnings next week.
