Mag 7
The Magnificent 7 exhibited divergence today, with Alphabet Inc-C (GOOG:XNGS) edging up 0.15%, while NVIDIA Corp (NVDA:XNGS) led declines at -3.7% amid Short-Term Reversal negative in Nvidia, Tesla, Apple & Alphabet and declining Qscores across the group. Week-to-date, Alphabet holds a slight +1.3% gain, but the cohort broadly weakened with NVIDIA down 7.1%, reflecting pressure from sector rotation and elevated valuations in technology. Overall, Mag 7 momentum appears to be fading as broader market caution weighs on high-growth leaders.
Quantmatix Success Stories
- QuidelOrtho Corp (QDEL:XNGS) achieved 21.2% gains after a Medium-Term Reversal negative signal on Friday, 31 Oct.
- Humana Inc (HUM:XNYS) posted 12.1% upside from a Short-Term Top Quantmatix negative signal on Thursday, 30 Oct.