Tech Talk for Tuesday February 3rd 2026

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EST.

Palantir (PLTR) added $10.64 to $158.40 after reporting higher than consensus fourth quarter results.

Teradyne (TER) advanced $46.47 to $296.00 after reporting higher than consensus fourth quarter results.

PayPal (PYPL) dropped $8.11 to $44.17 after reporting less than consensus fiscal first quarter earnings.

Pepsico (PEP) dropped $0.99 to $154.21 after issuing fiscal first quarter guidance below consensus.

EquityClock's Market Comment for February 3rd

The trading/consolidation range on the S&P 500 Index just below 7000 is providing a good likelihood of an upside breakout. See:

https://equityclock.com/2026/02/02/stock-market-outlook-for-february-3-2026/

Technical Notes

Merck (MRK) a Dow Jones Industrial Average stock moved above $112.90 extending an intermediate uptrend.

Pepsico (PEP) an S&P 100 stock moved above $154.76 and $155.29 extending an intermediate uptrend.

Cisco (CSCO) a Dow Jones Industrial Average stock moved above $80.38 to an all-time high extending an intermediate uptrend.

Brookfield Infrastructure (BIP) a TSX 60 stock moved above US$36.58 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 2nd 2026

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for February 2nd 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 2nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is it Bear Season? S&P 500's Fondation is Cracking: Tom Bowley

Is It Bear Season?  S&P 500’s Foundation is Cracking! - YouTube

Stocks Rise As Traders Shake Off Gold & Silver Rout: Guy Adami, Dan Nathan and Carter Worth

Stocks Rise As Traders Shake Off Gold & Silver Rout - YouTube

Expect 8-9 more weeks of corrective action in gold and silver prices: Fairlead’s Katie Stockton

Expect 8-9 more weeks of corrective action in gold and silver prices: Fairlead’s Katie Stockton - YouTube

WARNING: The De-Risking Has Begun. Is a 10% Market Crash Next? Verified Investing

WARNING: The De-Risking Has Begun. Is a 10% Market Crash Next? - YouTube

U.S. Stock Market Cycles Update | Market Cycles Report Feb. 02, 2026

U.S. Stock Market Cycles Update | Market Cycles Report Feb. 02, 2026 - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.40 to 66.20. It remains Overbought.

The long term Barometer dropped 1.40 to 65.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 3.21 to 68.81. It remains Overbought.

The long term Barometer added 1.38 to 80.73. It remains Overbought.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.