Tesla is showing negative momentum and is expected to move to the downside, with a target of around $337 in October.
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Market Leaders Have Faltered - A Timing Message for the Stock Market | Mag 7 analysis
Jun 28, 2026
The creator analyzes the "Mag 7" stocks, noting their recent faltering and the subsequent leadership shift to AI and semiconductor stocks, which are also showing signs of weakness. He predicts a significant market downturn into September-October, supported by cyclical analysis of key stocks like Apple and Amazon, indicating a bearish outlook for the broader market.
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Tickers discussed in this post
Microsoft has broken down from its highs, with cycles pointing to late September/October, and any rallies to resistance (e.g., 394) are likely to be followed by further downside.
Nvidia's momentum is negative, indicating a cycle peak, with potential downside towards 180 by September.
Meta is in weak shape with negative momentum and cycles pointing down into September/October, with support at 523 likely to break towards 482.
Google's momentum is negative, with a cycle trough expected in October, suggesting it's a sell despite potential short-term buying.
Amazon is showing similar signs of momentum turning down, aligning with the broader market's bearish trend.
Apple shows negative momentum and breakdown signals, indicating a likely decline into October, with any rallies expected to be met with selling pressure.