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Seeking Alpha

27 Jun 2026, 13:32 UTC · 8h ago

How The Mag 7 Became The Drag 7, And Might Drop The S&P 500 By 30% (Technical Analysis)

NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

What the story claims

2 claims · each scored for market impact

What matters in this story

1
Weekly charts for the 'Mag 7' stocks show Percentage Price Oscillator (PPO) crossovers to the downside. — Bearish technical signals on the weekly timeframe for the market's largest drivers often precede significant price corrections.
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2
The 'Mag 7' stocks comprise approximately 34% of the SPY and 38% of the QQQ. — High concentration increases systemic vulnerability, as weakness in these few names disproportionately drags down broad indices.
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Which stocks this story touches

AAPL-0.50
As part of the 'Mag 7', the company is facing critical technical warnings and downside PPO crossovers.
AMZN

How The Mag 7 Became The… — AAPL -0.50 | NewsImpactScreener