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MarketPulse

Alpha Intelligence
Monday, February 09, 2026
07:06 EST
Regime 🟢

Risk On

2-4 weeks unless external shock - momentum this strong typically persists

S&P 500 +1.97% breaking above 6900, just 1% from 52-week highs at 7002; Russell 2000 leading with +3.60% - small caps outperforming signals risk appetite; VIX crashed -18.4% to 17.76, showing extreme complacency

85%
Confidence
^GSPC 6,932.30 +1.97%
^DJI 50,115.67 +2.47%
^IXIC 23,031.21 +2.18%
^RUT 2,670.34 +3.60%
^VIX 17.76 -18.42%
^FTSE 10,369.75 +0.59%
^N225 56,363.94 +3.89%
XLK 141.13 +4.06%
XLF 54.26 +1.82%
XLV 157.71 +1.85%
XLE 53.25 +1.99%
XLI 173.18 +2.86%

Alpha Ideas

Long NVDA above $185 targeting $200+
high conviction weeks
AI infrastructure supercycle just beginning, earnings momentum unstoppable
Entry
Buy on any dip to $185, add on strength above $190
Target
Target $200-210, stop at $180
Sizing
3-5% position - high conviction momentum play
Long Russell 2000 (IWM) vs S&P 500 pairs trade
medium conviction months
Small caps breaking out +3.60% - domestic focus benefiting from policy mix
Entry
Long IWM/Short SPY ratio at current levels
Target
Target 10% outperformance over 3 months
Sizing
2-3% net exposure
Short XLC (Communications) vs Long XLK (Tech)
high conviction weeks
AI winners (XLK) destroying social media/legacy tech (XLC) - rotation accelerating
Entry
Long XLK $141+, Short XLC below $116
Target
Target 5-8% spread widening
Sizing
4% gross exposure (2% each side)
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Index Analysis

SP500 bullish

Breaking out above 6900 with volume, targeting all-time highs at 7002 within days

Support 6800, 6750
Resistance 7000, 7002
NASDAQ bullish

Tech leadership returning with +2.18% move, but still 4% from highs - more upside ahead

Support 22500, 22000
Resistance 24000, 24020
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Sector Rotation

Leadership: Technology +4.06%, Russell 2000 +3.60%, Industrials +2.86%, Semiconductors exploding

Laggards: Communication Services -0.39%, Consumer Discretionary +0.41%

Signal: Clear rotation INTO risk assets - semiconductors, small caps, industrials leading. Money flowing from defensives to growth

Long XLK / Short XLC

Rationale: Tech surging +4.06% while Communications down -0.39% - AI/semiconductor boom vs social media weakness

Risk: Tech reversal if AI hype fades, but momentum too strong to fade

Long XLI above $173

Rationale: Industrials breaking to new highs at $173.18 vs $173.39 resistance - infrastructure/defense spending themes

Risk: Economic slowdown fears, but trend is your friend

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Stock Signals

NVDA bullish

MONSTER move +7.92% to $185.41 on massive volume - AI leader breaking higher

Catalyst: Earnings momentum, AI infrastructure spending acceleration

Risk/Reward: High conviction - targeting $200+ vs $212 highs, tight stop at $180

AMD bullish

Explosive +8.28% breakout to $208.44 - semiconductor momentum trade

Catalyst: Riding NVDA coattails, AI chip competition heating up

Risk/Reward: Momentum play - target $230, stop below $200

TSLA bullish

+3.50% move to $411 with massive volume - Musk/Trump synergy continuing

Catalyst: Political winds, FSD progress, energy storage demand

Risk/Reward: Targeting $450+ vs $498 highs, volatile but trending higher

AMZN bearish

Ugly -5.55% drop to $210.32 on heavy volume - relative weakness vs tech peers

Catalyst: AWS competition concerns, retail margin pressure

Risk/Reward: Avoid until breaks above $225 - losing relative strength badly

Crypto Alpha

Bitcoin

Bitcoin holding $70K level with +1.67% - institutional accumulation phase, target $75K

Ethereum

ETH lagging at $2,076 - needs to break $2,200 to confirm crypto bull run

Alt Rotation

Hyperliquid (HYPE) up 6% trending - Layer 1 rotation continuing

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Contrarian Corner

The Consensus vs. The Counter

Consensus View
Analyzing market consensus...
Contrarian Case
Building contrarian thesis...
Trigger to Watch
Identifying confirmation signals...
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Risk Radar

Risk Probability Impact Hedge
VIX too low at 17.76 HIGH 5-10% correction when complacency breaks Buy VIX calls, reduce position sizing as indices approach highs
Semiconductor bubble forming MEDIUM Tech could drop 15-20% on any AI disappointment Trail stops tighter on NVDA/AMD, diversify beyond mega-cap tech
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Weekly Watchlist

NVDA
Watch for: Hold above $185 support
Action: Add on any dip to $185, sell if breaks $180
QQQ
Watch for: Break above $560 (proxy for Nasdaq 24000)
Action: Major breakout signal - increase tech exposure
IWM
Watch for: Russell 2000 ETF holding $267+
Action: Small cap breakout continuation - add exposure
VIX
Watch for: Any spike above 22
Action: Reduce risk exposure, hedge with puts