We all know a large part of the stock market’s gains these last two years were driven by the MAG 7, especially in context with AI. If you look at the charts of six of those MAG 7 stocks, they topped out over various timeframes, in the last few months. Some, after steep corrections have also bounced recently to help support this last final leg higher.

However, it has been one stock, META, that has had an incredible (and likely unprecedented) run of rising for the last 20 straight trading sessions. That means no down days for one month. Decent earnings, but I believe the combination of a growing advertising business and Zuck recently announcing a big move into robotics, is what has led to this blowoff spike.

It was set to end yesterday but stocks, like they often do, bounce back up after each time they selloff. Until they finally don’t. Is there more to go for Meta? While anything is possible, I highly doubt it. With the other six MAg’s in mostly sideways to slightly down trends, if META has completed it’s spike, what is going to hold up the NASDAQ and S&P?