Speculative Growth Gets Slammed π The Daily Chart Report
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Todayβs Summary
Thursday, February 5, 2026
Indices: Dow -1.20% | S&P 500 -1.23% | Nasdaq -1.36% | Russell 2000 -1.79%
Sectors: Only 1 of the 11 sectors closed higher. Utilities led, inching higher by +0.05%. Materials lagged, dropping -2.68%.
Commodities: Crude Oil fell -3.01% to $63.18 per barrel. Gold fell -3.30% to $4,787 per oz.
Currencies: The US Dollar Index rose +0.34% to $97.97.
Crypto: Bitcoin is currently down -13.60% at $63,080. Ethereum is down -13.80% at $1,848.
Volatility: The Volatility Index rose +16.91% at 21.78.
Interest Rates: The US 10-year Treasury yield fell to 4.186%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Todayβs Chart of the Day was shared by Alfonso De Pablos (@AlfCharts).
- The benchmark for speculative growth, ARK Innovation ($ARKK), is completing a multi-month head-and-shoulders top.
- Price has to failed to hold a confluence of support, being the h&s neckline and the VWAP anchored from the April lows.
- The measured move of this top targets roughly $50, which would be an additional -25% drop from current levels.
The Takeaway: Speculative growth remains under pressure, with $ARKK breaking down from a meaningful top.
Quote of the Day
βThe single most important factor
in a lifetime of successful
investing is behavior.β
- Carl Richards
Top Links
S&P 500: Choose Your Own Adventure (4 Scenarios for the Next 6β8 Weeks) - Market Misbehavior
David Keller walks through four potential scenarios for the S&P 500.
Best and Worst Months for the Stock Market β Seasonal Patterns - TradeThatSwing
Cory Mitchell analyzes the best and worst months for the market.
The Claude Crash: How AI Triggered a Historic Selloff in Software Stocks - StockCharts.com
Mike Zaccardi examines the sharp selloff in software stocks.
Bitcoin to 52-Week Lows - Bespoke Investment Group
Bespoke highlights Bitcoinβs breakdown to new 52-week lows.
Concentration and Themes Update - Strategas Asset Management
Todd Sohn outlines what recent ETF flows reveal about investor positioning.
