Overall Sector and Industry Analysis (EST window: 2026-02-02, 10:00–12:00)
Note: The dataset you provided contains only today’s 30-minute intraday bars (roughly two hours). I’ll lean on that real-time momentum and translate it into 1–3 day swing setups.
- Index tone: SPY and QQQ stair-stepped higher all morning with higher highs/lows and firm closes on each 30-min bar. That risk-on tone supported strength across Industrials and Tech.
- Industrials/Infrastructure leadership: CAT, ETN, EME, FDX, JBHT all printed steady trend-up morning structures after strong opens. Particularly:
- CAT advanced off an opening dip and based near 680–682.
- ETN ground higher, holding each minor pullback.
- Semis/Tech hardware outperformed:
- TXN trended cleanly from the open and closed the morning near highs.
- GLW put in a high-volume breakout through 110, flagging just under the morning high.
- CIEN gapped and ran into the 270s, then formed a midday consolidation just beneath resistance.
- Consumer: COST was a standout—orderly, persistent strength with buyers stepping in on each shallow dip. AMZN showed steady but more muted follow-through.
- Healthcare: Large-cap pharma/biotech (LLY, AMGN, REGN, VRTX) were constructive to mildly bid; UTHR was flat-to-rangebound.
- Small/micro-cap biotech and lower-liquidity names were mixed-to-weak: CRVS faded its open; IRWD/COYA/IMNM/LSTA ranged with thin liquidity; SHMD popped then retraced.
Noticeable intraday patterns
– Momentum continuation: Leaders (COST, GLW, TXN, ETN, CAT) pressed and then consolidated near session highs—classic bullish “flag above VWAP” behavior.
– Volume confirmation: GLW and CIEN saw notable morning volume expansion on breakouts; COST and TXN volume stayed steady on ramps with lighter volume on pullbacks.
– Relative strength vs market: These leaders held green and above prior pullback lows while SPY/QQQ grinded up.
Ticker Performance Prediction (2–3 day bias)
Most likely to continue higher next 2–3 days (strongest signals first):
– GLW, COST, TXN, CAT, CIEN, ETN
Strong bullish tells: high-volume breakouts (GLW, CIEN), tight stair-step trends closing near highs (COST, TXN), industrial strength with risk-on tape (CAT, ETN).
Individual Stock Analysis and Trade Plan (30-min driven, 1–3 day horizon)
GLW (Corning) – Bullish breakout/flag
– Key supports (demand):
– 110.00–109.97 (midday pullback low)
– 109.54
– 108.92 (deeper intraday demand); backup: 108.40
– Key resistances (supply):
– 110.55–110.60 (session high)
– 111.00 (psych)
– 112.00 (extension zone)
– Next 2–3 day price action: Expect a bull flag resolution above 110.6. A hold over 110 on dips keeps momentum intact for a 111.5–112 test.
– Swing targets (1–3 days): 111.0, 111.8, 112.6
– Entry ideas: 110.05–109.70 pullback buy; add on reclaim of 110.60
– Stop-loss: 108.85 (beneath demand and morning structure)
COST (Costco) – Controlled trend with fresh highs intraday
– Key supports:
– 963.0–962.9 (midday base)
– 955.8–955.2 (prior consolidation shelf)
– 950.5 (psych/early support)
– Key resistances:
– 964.75 (session high)
– 970.0
– 975.0
– Next 2–3 day price action: Likely sideways-to-up consolidation 960–965, then probe 970+. Momentum remains strong while holding above 955.
– Swing targets: 970, 972.5, 975
– Entry ideas: 960–958 staggered bids; momentum add on 964.80 breakout
– Stop-loss: 952.0 (beneath shelf and round)
TXN (Texas Instruments) – Steady trend continuation
– Key supports:
– 221.30–221.24
– 220.52
– 219.63
– Key resistances:
– 221.71 (session high)
– 223.0
– 225.0
– Next 2–3 day price action: Break and base above 221.7 opens a drift to 223–225 into strength if QQQ stays bid.
– Swing targets: 222.5, 223.8, 225
– Entry ideas: 221.20–220.80 pullbacks; breakout add above 221.80
– Stop-loss: 219.50
CAT (Caterpillar) – Industrial strength, shallow consolidation
– Key supports:
– 681.2–680.0
– 678.4
– 671.3 (deeper cushion; day’s opening area) / 667.4 (intraday low, last resort)
– Key resistances:
– 682.0 (midday close zone)
– 685.4 (morning high)
– 690.0
– Next 2–3 day price action: Expect chop 679–683 then a push into 685–690 as dips continue to get bought in Industrials.
– Swing targets: 685, 688, 690
– Entry ideas: 681–679 buys; add through 682 reclaim
– Stop-loss: 676.5 (beneath shelf and morning higher low)
CIEN (Ciena) – Day-1 gap-and-go, consolidating under resistance
– Key supports:
– 267.6–267.0
– 266.65
– 265.41
– Key resistances:
– 269.64–270.24
– 270.63
– 271.21
– Next 2–3 day price action: Prefer a tight coil 266.5–270, then breakout through 270.6 for a run at 271–274. Pullbacks that hold 265–267 keep the long setup valid.
– Swing targets: 271, 272.8, 274.5
– Entry ideas: 267.5–266.8 buy-the-dip; add on 270.70 break/hold
– Stop-loss: 264.9
ETN (Eaton) – Grind higher, buy-the-dip character
– Key supports:
– 356.57
– 355.85
– 355.10
– Key resistances:
– 357.24
– 357.64 (session high)
– 360.0
– Next 2–3 day price action: A measured push through 357.6 likely targets 359.5–360.5. Momentum intact as long as pullbacks hold mid-355s.
– Swing targets: 358.5, 359.8, 360.5
– Entry ideas: 356.0–356.5 dips; breakout add above 357.70
– Stop-loss: 354.9
Context notes and cautions
– If SPY/QQQ lose their intraday uptrend pattern in the next session, expect leaders to first retest the nearest support bands listed above before attempting higher.
– Names showing weakness/avoid for now: CRVS (faded trend), thin/illiquid micro-caps (LSTA, CNF, some small-cap bios) where slippage risk is high and signals are noisy.
– For 1–3 day swings, consider scaling in near supports and scaling out into the stated resistance/target zones rather than aiming for full extensions in one move. Continuous reassessment vs SPY/QQQ trend is key.