Focus: USMarket Close: Mon, 02 February 2026
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U.S. equities closed higher across the board, propelled by robust January manufacturing data that eased recession fears and pushed the Dow Jones up over 500 points while the S&P 500 neared a new record.
Technology stocks showed mixed results, with Palantir's upbeat revenue forecast and government contract wins providing a boost amid broader sector rotation. Energy names faced headwinds, contributing to underperformance in that space, while individual movers like Disney weighed on media sentiment. Volatility eased notably, signaling continued investor confidence in the economic backdrop.
This session underscores a broadening market rally, with manufacturing strength supporting cyclical sectors ahead.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade opportunities highlight two high-conviction long setups in the Energy and Communication Services sectors, both featuring Pending Medium-Term signals with improving momentum. Marathon Petroleum and T-Mobile US stand out for their strong historical hit rates and potential for 1-4 week upside. These positions target oversold conditions amid sector rotation, offering positive expected value for patient traders.
| Q | Target | Δ% | Hit% | ||
| Marathon Petrole (MPC:XNYS) ★ | -5.0 |
↑
185.80
+5.0%
82%
T-Mobile Us Inc (TMUS:XNGS)
▲
-7.0
204.56
+4.9%
65%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week. |
Market Movements
Major indices advanced modestly, with the Dow and small-cap Russell 2000 leading gains while the S&P 500 and Russell 1000 posted steady increases; however, the Magnificent 7 diverged sharply, as Apple outperformed but Nvidia and Tesla lagged amid tech rotation. Industrials and Financials topped sector performance via SPDR ETFs, aligning with equal-weighted GICS data showing broad strength in those areas, while Energy and Utilities declined notably. Top individual gainers included logistics names like XPO and SAIA, contrasting with sharp drops in Robinhood and Disney. What this means: Strong manufacturing data fueled risk-on sentiment and cyclical leadership, but tech's mixed showing hints at valuation pauses; with pending reversal signals on volatility and consumer discretionary, mean-reversion plays could emerge if rotation persists.
Equities | 1D | WTD | Dow Jones |
+1.1%
Russell 2000
+1.0%
S&P 500
+0.5%
Russell 1000
VolatilityVIX -6.3%US Sector ETFs
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