NewsMV
An obscure volatility measure is pointing to a potential earnings breakout for the Magnificent Seven, the cohort of mega-cap technology stocks that carry outsized weight in the S&P 500.
The signal, sitting outside the standard set of gauges most participants track daily, is raising a question the tape has been circling: can this group get back into gear?
The signal in focus The measure is described as obscure, which means it operates outside the volatility reads traders consult most often.
It is focused on the Magnificent Seven as a group, and its directional read points to an earnings breakout.
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