Market Recap

Dow: +273.38…
Nasdaq: +106.12… S&P: +30.99…

The S&P 500 gained 0.7% on Tuesday, extending its rebound rally into February amid another strong finish into the close. The Nasdaq (+0.8%) and Dow (+0.8%) kept pace with the benchmark index, while the Russell 2000 rose 1.1%.

There was a cyclical tilt to the session, evident by the leadership positions in the S&P 500 energy (+3.5%), materials (+1.7%), financials (+1.4%), and industrials (+1.4%) sectors.

Energy is hot, WFRD, last night’s highlighted name was +5.7%.

GOOGL is +10.0% after earnings. This should help tech tomorrow.

If you’re looking for a high-risk/high reward name, DWAC looks good. For aggressive people only.  Target 90.00-100.00, but you could lose $10 in a heartbeat. Nice pattern and volume. Bullish coil.

CF hit 7-year highs today.

Energy is hot, oil to $100-110?

Tech isn’t trusted yet, but some short squeezes. QQQ got over 200-day moving average today.

Russell 2000 trying but still hated the most.

Financials depend on the direction of interest rates.

ARKK stays alive for another day.

See you in the morning.

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