Focus: USMarket Close: Thu, 29 January 2026
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Major indices edged lower, with the S&P 500 and Russell 1000 posting modest declines amid pressure on technology leaders like Microsoft. Energy and financial sectors showed resilience, gaining ground as investors rotated toward value plays.
Major drivers:
- Microsoft shares dropped sharply by 10% (its worst day in years), dragging software and broader tech stocks lower amid its latest earnings report and investor worries about escalating AI budgets not yet delivering proportional returns.
- Meta Platforms surged significantly (up over 10%), providing some offset.
- Regulatory shifts emerged as the CFTC announced plans to develop rules for prediction markets, potentially impacting innovative financial products.
- Broader context included ongoing digestion of Q4 2025 earnings season, with some rotation away from mega-cap tech toward other areas like semiconductors (which showed gains in spots) or energy.
- Bitcoin also fell sharply (down 5.5%), hitting lows not seen in nearly two months.
- Gold prices swung wildly but ended with more modest moves after recent highs.
Overall, a choppy day with tech under pressure but the broader market holding up relatively well near recent highs.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade shortlist highlights two Pending Medium-Term Reversal long setups in Republic Services and American Tower Corporation. Both registered today with improving medium-term Qscores, targeting oversold recoveries over the 1-4 week horizon. Hit rates of 78% and 67% indicate strong historical performance, positioning these as high-conviction opportunities in a selective market.
| Q | Target | Δ% | Hit% | ||
| Republic Svcs (RSG:XNYS) ▲ | -4.7 |
↑
221.35
+3.1%
78%
American Tower C (AMT:XNYS)
-6.1
187.99
+3.7%
67%
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
Meta Platforms surged within the Magnificent 7, offsetting sharp declines in Microsoft and Tesla, while broader indices like the S&P 500 and Russell 1000 dipped slightly; technology lagged as energy, financials, and real estate led sector gains. Volatility rose modestly, with travel-related names like Southwest Air and Royal Caribbean among top performers, contrasting sharp drops in Las Vegas Sands and United Rentals. What this means: The rotation toward cyclical and defensive sectors suggests investors are hedging against tech volatility, and with pending medium-term reversals emerging in select laggards like Alphabet, mean-reversion potential could broaden participation if momentum builds.
Equities | 1D | WTD | Dow Jones | +0.1% |
-0.1%
Russell 2000
-0.5%
S&P 500
+0.8%
Russell 1000
-0.2%
+0.6%
VolatilityVIX +3.2% +4.9%US Sector ETFs
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