Focus: USMarket Close: Wed, 04 February 2026
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A fierce selloff in software and AI-related stocks dominated the session, with short sellers reaping billions as dip-buyers stayed sidelined amid fears of overhyped valuations.
Major indices diverged, with the Dow edging higher on cyclical strength while the S&P 500 and Nasdaq slipped lower. Materials and Energy led sector gains as investors rotated away from Technology, which suffered its steepest drop in weeks; the Magnificent 7 largely lagged, with Nvidia and Tesla posting sharp declines. Volatility ticked up modestly, reflecting unease in high-growth areas.
The rotation underscores waning conviction in tech's relentless advance, opening doors for mean-reversion plays in undervalued cyclicals. Pending reversal setups in beaten-down names align with this shift, offering tactical opportunities amid the pullback.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade shortlist highlights two Pending Medium-Term Reversal long setups in the Financials and Industrials sectors. Both target oversold conditions with medium-term Qscores advancing from negative territory, indicating building momentum. Hit rates exceed 70%, positioning these as high-probability opportunities for 1-4 week swings.
| Q | Target | Δ% | Hit% | Wr Berkley Corp (WRB:XNYS) ▲ | -8.6 |
↑
72.92
+3.9%
84%
Crane Nxt Co (CXT:XNYS)
-6.7
54.95
+4.7%
74%
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
Equities | 1D | WTD | Dow Jones | +0.5% +1.2% Russell 1000 |
-0.5%
-0.7%
S&P 500
-0.8%
Russell 2000
-0.9%
+0.4%
VolatilityVIX +3.6% +6.9%US Sector ETFs
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