The Wrap: Magic MAGs, Gamma Gaps & Fearful FOMO

Magic MAG

Massive MAG break out post the consolidation at highs. Note the bigger trend channel, as well as the fact RSI is not even extremely overbought. We outlined our latest MAG laggard logic on October 15 (here) as we wrote: "Boredom is everywhere… and that’s usually when it gets interesting." Things just got more exciting...