Datetime range analyzed (EST): 2026-02-06, 10:00–12:00 (plus 09:00–09:30 prints on EDAP)
Overall Sector and Industry Analysis:
– Market tone: Broad risk-on through midday with SPY stair-stepping to new session highs and closing the window strong into 12:00. Breadth skewed to cyclicals and tech. Volume was steady to rising on pushes in leaders.
– Technology outperformed: VGT advanced in a clean intraday uptrend; semis/EDA and cloud saw persistent bids. Standouts: CDNS (higher highs, expanding volume), DOCN (trend day characteristics), ARW/AVT (electronics distribution strength). EQIX also firm, confirming demand for data center REITs.
– Industrials leadership: CAT ripped to new session highs (720+), GE trended steadily, with WAB, WCC, ITT, WTS, TT also constructive. This looks like ongoing rotation into heavy equipment, rail, and electrical distribution.
– Financials improving: WTFC climbed with tight higher-lows; DPST (regional bank bull 3x) trended up, suggesting improving appetite for KRE-type exposure. Insurance (ERIE) was more mixed.
– Healthcare mixed to strong: REGN trended with momentum; UTHR bid but thin. Smaller-cap biotechs (AVIR, EDAP, ONC) saw micro flows; not the day’s focus.
– Materials steady: Aggregates/cement (MLM, VMC) and steel (NUE) grinded higher—constructive but not explosive.
– Consumer: Staples firm (WMT broke higher), Discretionary mixed—BURL steady, ULTA and MAR mostly range-bound; LOW slightly heavy intraday.
– Energy mixed to soft: VLO flat to modestly up; GPOR faded; CDLR (offshore wind) inactive.
Noticeable patterns:
– Trend continuation candidates: CDNS, CAT, REGN, GE, DOCN showed clean 30-minute higher-high/ higher-low structures with volume confirming thrusts.
– Group confirmation: Tech strength confirmed by VGT; Industrials by GE/CAT/WAB/WCC; Regional banks via WTFC and DPST. This sector confluence typically fuels 1–3 day swing extensions when late-day pullbacks hold above intraday demand.
Ticker Performance Prediction (next 2–3 days):
– Likely to push higher: CDNS, CAT, REGN, GE, DOCN, WTFC, WMT
– Strongest bullish signals: CDNS (momentum + range expansion), CAT (power trend + relative strength vs Industrials), REGN (persistent bid + higher highs), DOCN (trend day behavior with follow-through potential)
Individual Stock Analysis
Note: Support/resistance are drawn from today’s intraday structure and nearby round/obvious zones; validate on your daily chart. Targets include a “range/ATR proxy” using today’s session range as a pragmatic stand-in given the data provided.
1) CDNS
– Key support: 279.2–279.0; 277.2; 275.2
– Key resistance: 281.8; 282.43 (session high); 285.4 (≈ 0.5x today’s range extension)
– 30-min read/prediction (2–3 days): Momentum trend. Above 279 pullbacks should buy; over 282.4 opens a push toward mid-285s. Failure back below 277.2 risks a reset toward 275.
– Entries: 279.2–279.8 on a controlled dip; add near 277.5 if tested and reclaimed.
– Stop: Tight: 276.8; Swing: 274.9 (below session low zone).
– 1–3 day targets: 282.4; 285.4; 287.7–289.0 (≈ today’s full-range extension if momentum persists).
2) CAT
– Key support: 715–714.5; 711.7; 708–709
– Key resistance: 720.1 (session high); 722–723; 727–728 (≈ 0.5x today’s range extension)
– 30-min read/prediction (2–3 days): Power uptrend. Holding 714–716 favors a 720+ retest; a clean break/hold above 720.1 targets 722s then 727–728. Lose 711.7 and you likely backfill 708–709.
– Entries: 715–716 first pass; 712–713 secondary if deeper flush shows buyers.
– Stop: Tight: 709.9; Swing: 707.3.
– 1–3 day targets: 720.1; 722.8; 727–732 (range/ATR proxy).
3) REGN
– Key support: 780.2; 775–776; 772.7
– Key resistance: 786.99 (session high); 790; 795–798 (≈ 0.5x today’s range extension)
– 30-min read/prediction (2–3 days): Strong momentum grind. Above 780, look for 787 then a magnet to 790. Sustained strength can stretch to 795–798. A break below 775 would likely pause the move.
– Entries: 781–783 on orderly dip; add 776–777 if defended.
– Stop: Tight: 774.9; Swing: 771.8.
– 1–3 day targets: 787; 790.5; 795–806 (upper band approaches ~1x today’s range extension).
4) GE
– Key support: 319.7–319.8; 318.4; 317.2
– Key resistance: 320.9–321.0; 321.5 (session high); 323–324.3 (≈ 0.5x today’s range extension)
– 30-min read/prediction (2–3 days): Steady uptrend. Above 319.7, expect 321.5 retest; a hold over 321 opens 323–324s. Slip under 318.4 increases the odds of a full 317.2 backfill.
– Entries: 319.8 pullback buy; 318.6–318.8 secondary.
– Stop: Tight: 317.4; Swing: 316.8.
– 1–3 day targets: 321.5; 323.0; 324.3–327.6 (range/ATR proxy).
5) DOCN
– Key support: 60.50–60.62; 59.75–59.80; 59.23
– Key resistance: 61.15 (session high); 61.9–62.1; 62.7–64.1 (≈ 0.5–1.0x today’s range extension)
– 30-min read/prediction (2–3 days): Trend day action favors continuation if dips are shallow. Over 61.15, look for 61.9–62.1; strong momentum can print 62.7–63.8.
– Entries: 60.60–60.80 on dip; 59.8–60.0 as a higher-risk add if tested and reclaimed.
– Stop: Tight: 59.45; Swing: 59.10.
– 1–3 day targets: 61.15; 62.00; 62.7–64.1.
6) WTFC
– Key support: 161.85; 161.45; 160.99
– Key resistance: 162.26; 162.43 (session high); 163.0–163.8 (≈ 0.5–1.0x today’s range extension)
– 30-min read/prediction (2–3 days): Tight, constructive channel higher. Above 161.8, expect 162.4 tag; sustained bid aims for 163s. Lose 160.99 and the pattern weakens.
– Entries: 161.9 higher-low buy; 161.5 on a controlled flush.
– Stop: Tight: 160.9; Swing: 160.6.
– 1–3 day targets: 162.43; 163.00; 163.6–163.8.
7) WMT
– Key support: 130.14; 129.55; 129.07
– Key resistance: 130.57 (session high); 131.00; 131.6–132.7 (≈ 0.5–1.0x today’s range extension)
– 30-min read/prediction (2–3 days): Breakout attempt from a steady intraday uptrend. Holding above 130.1 favors continuation into 131–131.6. Momentum days can stretch to 132.7.
– Entries: 130.2–130.3 retest; 129.6–129.8 as a second chance if deeper dip holds.
– Stop: Tight: 129.45; Swing: 129.0.
– 1–3 day targets: 130.57; 131.6; 132.7.
Quick risk notes:
– Several names printed trend days; ideal swing entries often come on late-day pullbacks into the first/second support with a higher low on 30-min and waning pullback volume.
– If SPY/VGT roll over, tighten stops—tech and industrial longs are correlated to the tape.
– Where “ATR proxies” are used, they’re derived from today’s session range because full 10–30 day ATR data weren’t included. If you can provide 10/30-day daily bars, I’ll refine levels with precise ATR and daily supply/demand zones.