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MarketPulse

Alpha Intelligence
Tuesday, February 03, 2026
06:50 EST
Regime 🟢

Risk On

2-4 weeks until next volatility spike or correction

S&P 500 within 0.4% of ATH at 6976; VIX collapsed 6.3% to 16.34 - complacency levels; Dow breaking out to new highs at 49,408

80%
Confidence
^GSPC 6,976.44 +0.54%
^DJI 49,407.66 +1.05%
^IXIC 23,592.11 +0.56%
^RUT 2,640.28 +1.02%
^VIX 16.34 -6.31%
^FTSE 10,341.56 +1.15%
^N225 54,720.66 +3.92%
XLK 145.26 +0.96%
XLF 54.03 +1.10%
XLV 155.69 +0.61%
XLE 50.05 -1.96%
XLI 167.53 +1.26%

Alpha Ideas

Long AAPL momentum breakout above $270
high conviction weeks
Volume breakout, AI narrative accelerating, approaching ATH with room to $288+
Entry
$270-272 on pullback or $275 breakout
Target
Target $288, stop $259
Sizing
3-5% position - high conviction momentum play
Pairs trade: Long XLI / Short XLU
high conviction months
Risk-on rotation accelerating, industrials at ATH, utilities failing
Entry
Long XLI $167+, Short XLU $42.50
Target
Close when XLI/XLU ratio hits 4.0+ (currently 3.93)
Sizing
Market neutral 2% each side
Short MSFT relative weakness
medium conviction weeks
Failing to participate in tech rally, cloud competition intensifying
Entry
Short $420-425 on any bounce
Target
Cover $400, stop $435
Sizing
1-2% position - momentum fade play
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Index Analysis

SP500 bullish

Clean momentum thrust off support, approaching ATH resistance with strong participation

Support 6900, 6850
Resistance 7002, 7050
NASDAQ bullish

Tech leadership returning, but still 1.8% below ATH - room to run on breakout

Support 23400, 23200
Resistance 24020, 24300
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Sector Rotation

Leadership: Industrials (XLI), Financials (XLF), Technology (XLK), Consumer Staples (XLP)

Laggards: Energy (XLE), Utilities (XLU), Real Estate (XLRE)

Signal: Classic risk-on rotation - cyclicals and growth leading, defensives lagging

Long XLI (Industrials) at $167.53

Rationale: New ATH breakout with +1.26% momentum, infrastructure and defense spending themes

Risk: Trade war escalation or economic slowdown

Short XLE (Energy) at $50.05

Rationale: Failed at $51.73 resistance, oil weakness, renewable transition pressure

Risk: Geopolitical oil spike or supply disruption

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Stock Signals

AAPL bullish

Explosive +4.1% move to $270, massive volume 72M shares, reclaiming key levels

Catalyst: AI momentum, Services growth, potential buyback acceleration

Risk/Reward: Target $288 (ATH), stop $259. 3:1 reward/risk

AMD bullish

Monster +4.0% day to $246, approaching $267 ATH, AI chip momentum building

Catalyst: Data center demand, market share gains vs NVIDIA

Risk/Reward: Target $267-280, stop $236. Strong momentum setup

INTC bullish

Massive +5.0% surge on 100M volume - institutional accumulation signal

Catalyst: Foundry business turnaround, government subsidies, restructuring progress

Risk/Reward: Target $54.60 (52w high), stop $46. Turnaround play

MSFT bearish

Failed momentum, -1.6% while market rips, relative weakness concerning

Catalyst: Cloud competition, AI investment returns questioned

Risk/Reward: Short near $423, target $400, stop $435

Crypto Alpha

Bitcoin

BTC at $78,425 showing resilience, holding above $76K support. Target $85K on momentum continuation

Ethereum

ETH $2,316 lagging BTC (+2.5% vs +3.1%), but catching up. Watch $2,400 breakout

Alt Rotation

HYPE leading with +22.8%, institutional DeFi plays getting momentum

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Contrarian Corner

The Consensus vs. The Counter

Consensus View
Analyzing market consensus...
Contrarian Case
Building contrarian thesis...
Trigger to Watch
Identifying confirmation signals...
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Risk Radar

Risk Probability Impact Hedge
VIX spike from current 16.34 complacency MEDIUM 5-8% market correction possible Long VIX calls, reduce beta exposure
Gold's +5.3% surge signaling inflation/crisis fears LOW Bond yields spike, growth stocks crushed TIPS, defensive sectors, cash
Energy sector breakdown (-2.0%) spreading to materials MEDIUM Commodity complex collapse, deflationary spiral Short commodity ETFs, long duration bonds
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Weekly Watchlist

AAPL
Watch for: Break above $275 with volume
Action: Buy momentum, target $288-295
AMD
Watch for: Hold above $240 support
Action: Add to position on strength toward $267 ATH
XLI
Watch for: Any pullback to $165-166
Action: Buy the dip in strongest sector
NVDA
Watch for: Reclaim $200 psychological level
Action: Re-enter AI leader on momentum return
BTC
Watch for: Break above $80,000 with volume
Action: Add crypto exposure targeting $85K+