Staples Steal the Spotlight 📈 The Daily Chart Report

$XLP usually averages -0.82% in January, but this year saw its best January ever with a 7.51% gain. $XLF had its worst January since 2020 (-2.43%): pic.twitter.com/hGQB06sJYs

— Optuma (@Optuma) February 2, 2026

Nasdaq 100 into the 2.618 extension of the 2022 bear market.

If we can break higher, there's another 35-40% upside to the 4.236...$QQQ $NDX $NQ_F pic.twitter.com/OOwBtehbVl

— Ian McMillan, CMT (@the_chart_life) February 2, 2026

Momentum is shifting away from Growth stocks. The Russell 1000 Value index outperformed the Russell 1000 Growth index by 6.1% in January, marking the 3rd straight month of Value leadership and the 4th largest performance gap over Growth since 2002. pic.twitter.com/wIwNIqjzON

— Cetera Investment Management (@ceteraIM) February 2, 2026

Staples pressing back into year-long resistance.

Not bearish by default, but a sign traders are leaning more defensive as leadership rotates.$XLP pic.twitter.com/IwfdGyXKMC

— Wall Street Wingman (@WallStWingman) February 2, 2026

The optimal holding period for Consumer Staples is beginning and the breakout of many of the sector ETFs above prolonged trading ranges presents an ideal setup for further upside resolution ahead. $IYK has generated a 0.59% gain above the market performance between February 2nd… pic.twitter.com/c5jSriUmzv

— Equity Clock (@EquityClock) February 2, 2026

I think many investors would be surprised to see how well Walmart has done against the market in recent years. New ATH today. pic.twitter.com/GjbIozk45T

— Eddy Elfenbein (@EddyElfenbein) February 2, 2026

It does not matter how boring it is if it's in the $DJIA$VZ is making new all time highs for the first time in years! (If you include dividends..) pic.twitter.com/0RshsZwiPi

— Dylan Tanen (@hihotraders) February 2, 2026

International markets are outpacing the S&P 500.

Here are all the global diversified international ETFs visualized by our custom relative strength ranking score.

Latin America and pockets of Europe are lighting up green. pic.twitter.com/577vMm5xJc

— Louis Sykes (@haumicharts) February 2, 2026

LATAM is off to a hot start this year.

Here's Mexico $EWW breaking out into new all-time highs.

Lots of uptrends in there. We're buying one of them today.

Stacking themes in our favor: international, sector, etc. pic.twitter.com/ST4Oh3A9bA

— The Trading Initiative (@howtoswingtrade) February 2, 2026

Emerging Markets ETFs just destroyed their monthly flow record by 3x. They make up 3% of aum but took in 13% of the cash. About 40% of it went to $IEMG but dozens took in cash. Also it wasn't really at the expense of US or eq or bonds but in addition to it. pic.twitter.com/62IcFNoIg2

— Eric Balchunas (@EricBalchunas) February 2, 2026

The long-term yield uptrend in 10-year U.S. Treasuries, which began in August 2020, persists.
The 10-year U.S. Treasury Yield is rising, closing at 4.241%, breaking the 2025 downtrend. If yields continue rising and close above 4.30%, it could put pressure on equities in the short… pic.twitter.com/w8xyNhNikA

— Bonnie Gortler (@Optiongirl) February 1, 2026

$TNX Daily. Rates back on the move. 4.3% (43 on this chart) remains next hurdle to clear for another spike higher. Given expectations for lower rates, this may still be the pain trade going forward pic.twitter.com/0fmCz1BV6r

— Chess (@chessNwine) February 2, 2026

Bitcoin’s drawdown is approaching 40%; eclipses the historical average of about 36%. pic.twitter.com/UpgEGDGi6T

— Bespoke (@bespokeinvest) February 2, 2026

$BTC trading near $75K, major area to watch, as it was the April low and resistance for much of 2024. The $75K level is also a 50% retracement on the 3-yr weekly #Fibonacci. Looks like a hammer doji may be forming, which would be good for bulls. Not a recommendation.… pic.twitter.com/DwoF7eDSLR

— Joe Mazzola (@JoeMazzolaCS) February 2, 2026

This weekend was 10th biggest crypto liquidation we've witnessed.

In 6 of 7 observed cases the total crypto market cap was materially higher 6 months after a major liquidation event.

But if you thought all the dunking on Tom Lee + Saylor was a short-term sentiment bottom… pic.twitter.com/pRTN6ugC7F

— Jeremy Schwartz (@JeremyDSchwartz) February 2, 2026