The Magnificent Seven ETF is teetering. What the charts say will happen next

Frank Cappelleri breaks down the charts on the Roundhill Magnificent Seven ETF.

TikTok vows to take U.S. ban case to Supreme Court. Meta and Google could see user gains in meantime. December 7, 2024
President-elect Donald Trump, who attempted to ban TikTok during his first term, said on the campaign trail that he is now against a TikTok ban and would work to “save” the social-media platform.
Trump’s tariffs didn’t spark inflation last time? Here’s the trouble with that defense. December 7, 2024
When allies of President-elect Donald Trump address one big criticism of his tariff plans — that the levies would boost inflation at time when Americans are already frustrated with elevated prices — they often point to the lack of inflation in Trump’s first term. Some economists are skeptical of that line of defense.
Is the U.S. jobs market weaker than it looks? Here are some hints. December 7, 2024
The U.S. has averaged a respectable 173,000 new jobs a month since September, in a sign the labor market is still pretty healthy — but warning signs are flashing.
Why Powell and the Fed should pause interest-rate cuts in December December 7, 2024
Some say November’s jobs data support holding monetary policy steady.
UnitedHealth shooting sparks security fears for execs but fixes are expensive and complicated December 7, 2024
Security company execs have seen a dramatic increase in inquiries for services after the murder of Brian Thompson.
David Sacks and the coming crypto war over national security December 7, 2024
The crypto industry and GOP will have to navigate thorny issues related to terrorism and international crime.
As UnitedHealth shooting puts health insurance in focus, 4 million people could get priced out of coverage if Congress doesn’t act December 7, 2024
Inaction on Capitol Hill could soon make healthcare plans more expensive, potentially adding to the country’s uninsured rate and increasing premiums
What does Trump really think about Social Security? December 7, 2024
Trump has promised to protect Social Security and Medicare, but lots of his fellow Republicans appear to have other ideas.
Apollo, Workday shares rally on news they’ll join S&P 500. Their fortunes have differed this year. December 7, 2024
Shares of investment firm Apollo Global Management and workplace cloud-services platform Workday rallied after hours on Friday, after S&P Dow Jones Indices said the two companies would join the S&P 500 index later this month.
‘I want to enjoy the rest of my years’: I’m 65, retired and own my home. I have $300,000 to invest. What should I do with it? December 6, 2024
“Is the stock market reliable?”