T3 Live on $MAGS (Oct 26, 2026)
The MAGS ETF looks to be breaking down after a small head-and-shoulders top, a move that got him out of the position; its mega-cap members are no longer a hiding place that keeps the indices up, so he advises caution.
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I showed you guys a chart of the mags, which is interesting, too, cuz you know, the mags where the money was hiding looks like it's breaking down a little bit. You know, I showed you guys, you know, remember I was actually long um the mags uh cuz I wasn't sure.
Remember each one was taking their turns. You know, Meta looked good pre-earnings and now it's back to neutral to blah. Um, Apple was looking like it was going to break out and then it did a breakout failure Friday and came in.
Amazon's been a pretty much a disaster. Google's been a disaster. So, if they're like, well, the spies and the accuses are being held up by some of these all these names and then you look at the ETF for it.
Well, to me, remember I I showed you this candle. That's what got me out of the MAGS ETF. um which relates to the seven names which aren't really that relatable anymore and then I then this little head and shoulders top and all of a sudden you know the uh it's breaking to the downside.
So money might not you know hide there to keep the indices up. So you know be a little careful.
What this channel has said about $MAGS
T3 Live has 2 calls on this stock; only the adjacent ones are shown.