With the upcoming Trump's take office inauguration next Monday the 20th I do expect high volatility across the markets. I'm leaning bullish nonetheless not all stocks are currently pointing that way in the short term. As for Roundhill Magnificent Seven ETF, it is in a clear downtrend making multiple lower highs and lower lows. If the bearish momentum continues our next area of interest should be around $50's mark.

And for the bullish thesis, a strong break and close above $57 will more than likely anticipate the bullish continuation across the tech sector.

Despite December's weak monthly close, Tesla $TSLA keeps showing strength on lower timeframes. On the daily chart price just made a higher high and any retrace toward $400's should be a buy. As long as the lows of $370 holds, we should be in for further upside. And due to the fact Elon is working hand by hand with Trump... and the take office inauguration right around the corner, expect more upside.

Microsoft $MSFT said it before and I'll say it again now, we are in the macro buy zone. Keep dollar cost averaging your entry as price is more than likely going to be nuking in the coming months mark my words.

Apple $AAPL currently sitting at around the juicy buy zone and any retrace toward $220 should be dollar cost averaging your entries. This a macro must hold area before further upside.

Facebook $META so far so good. We are long here here but price must break above previous highs if we want further upside.

Now the not so bueno stocks...

NVIDIA $NVDA price was unable to get a strong weekly close above previous all time high as we mentioned in our previous report and unfortunately we are back at support. Holding by a thread... On lower time frames, price must start showing strength back above the yearly open of $136 for further upside. Any risk adverse investors trying to profit swing trade, as long as the low of $126 holds this could be an easy trade towards high $140's.

Alphabet $GOOGL outlook remains the same, macro extremely bullish but short term not so much... Unless price gets a strong close above previous all time high there's not much to be exited about. Any risk adverse investors trying to profit swing trade try getting in as close as possible to the yearly open of $190 and targeting $200.

Amazon $AMZN too running out of gas. Bearish price action on lower timeframes. Unless we break above the highs of $129 and establish a bottom at around the 2025 open there's not much to be exited about.

Previous report HERE:

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Mag7 Tech Stocks - Edition #24

New Year’s Macro Outlook... Quite the run for the Roundhill Magnificent Seven ETF $MAGS as December kept making higher highs. Now for the first time in a while the 3 day chart just printed a bearish signal with possibility of a retrace toward $51’s. If we do get this retrace,

Zelf TradeLuis Ricardo Guizado

](https://www.zelf.trade/mag7-tech-stocks-edition-24/)