Day-Trading Scenarios for Feb 04, 2026

We begin with an 800 point trading range: Dow 49745 to 48945.

We see the pivot and the close as yesterday being equal. Also a good buying zone. If we break 48506 there are huge sell stops. Go short there.

Earnings season continues with major reports (e.g., Alphabet/Google after the close), which could influence tech sentiment and broader market rotation. Recent software/AI-related jitters have prompted shifts toward value/cyclical names, potentially benefiting the Dow's more industrial composition. Broader positives include resilient U.S. growth expectations and any dovish Fed leanings, though markets remain sensitive to overvaluation concerns in high-growth areas.

MBA Mortgage Applications

 7:00 AM ET

ADP Employment Report

 8:15 AM ET

Treasury Refunding Announcement

 8:30 AM ET

PMI Composite Final

 9:45 AM ET

ISM Services Index

 10:00 AM ET

EIA Petroleum Status Report

 10:30 AM ET

Treasury Buyback Announcement

 11:00 AM ET

Treasury Buyback Announcement (Preliminary)

 11:00 AM ET

3-Yr Note Announcement

 11:00 AM ET

10-Yr Note Announcement

 11:00 AM ET

30-Yr Bond Announcement

 11:00 AM ET

4-Month Bill Auction

 11:30 AM ET

Thomas Barkin Speaks

 12:00 PM ET

Treasury Buyback Results

 2:00 PM ET

Lisa Cook Speaks

 6:30 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 2/4/2026

TIME: 9:28 AM

HIGH: 49767

LOW: 48934

CLOSE: 49350

PIVOT: 49350

SUPPORT: 49192

RESISTANCE: 49692

SWING MAGNITUDE: 235

TIME OF COMMENT: 9:28 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services