This week’s Top Pick of the Week (TPOW) was MAGS – Defiance Quantum ETF, selected based on its strong momentum and technical breakout criteria. Our strategy executed a Monday entry at $47.67 and a Friday exit at $47.67, resulting in a breakeven trade with no net gain. While MAGS did not provide the movement we had anticipated, it remains a compelling fund with exposure to the rapidly growing AI and quantum computing sector.
About MAGS – Defiance Quantum ETF
MAGS is an exchange-traded fund (ETF) that focuses on companies involved in quantum computing, AI, and machine learning technologies. Its main holdings include NVIDIA (NVDA), IBM (IBM), Alphabet (GOOGL), and Microsoft (MSFT)—all key players in cutting-edge computational advancements. The fund aims to capitalize on next-generation technology that could revolutionize industries ranging from cybersecurity to finance and healthcare.
While MAGS has strong long-term growth potential, its short-term price action this past week remained relatively flat, leading to our neutral outcome.
SPY Market Recap
The broader market, represented by SPY (S&P 500 ETF), experienced a volatile week, closing at $562.81 on Friday, up 2.07% for the day. However, this late-week rally was not enough to reverse earlier declines, as SPY ended the week down 2.3%. Since the inception of TPOW, SPY has now lost 1.47 points, reflecting the market’s broader struggle with economic uncertainty, interest rate concerns, and sector rotations.
Final Thoughts
While this week’s trade resulted in no gain, TPOW remains committed to identifying high-probability setups based on technical strength and momentum. With market conditions fluctuating, selecting strong relative performers remains key. Stay tuned for next week’s pick as we continue to search for the best risk-reward opportunities!
