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S&P 500 Hits 7,000 Then Stalls: Tech Sector Holds at $144

Strykr AI
··1 min read
S&P 500 Hits 7,000 Then Stalls: Tech Sector Holds at $144
65
Score
40
Moderate
Medium
Risk

Strykr Analysis

Neutral

Strykr Pulse 65/100. Market at a technical crossroads with mixed momentum. Threat Level 3/5.

The S&P 500 flirted with the 7,000 milestone this week before a reality check pulled it back 0.56% from all-time highs. The late-week fatigue was no surprise given stretched momentum and emerging technical cracks. Energy outperformed but tech stocks showed resilience, with the XLK tech ETF steady at $143.9.

The Strykr Pulse 65/100 suggests cautious optimism. The market is digesting recent gains while waiting for fresh catalysts. Fed Chair Kevin Warsh’s nomination signals a balancing act between rate cuts and balance sheet shrinkage, keeping traders on edge. The Threat Level 3/5 reflects moderate risk amid mixed signals.

Traders should watch the

Strykr Watch

levels around 7,000 for the index and $144 for tech. A sustained break above these could reignite the rally. Conversely, a slip below support zones might trigger a pullback. Position sizing and stops remain critical in this chop.

Sources (5)

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The S&P 500 reached a new record high this week, even momentarily surpassing 7,000 for the first time. The index is now 0.56% off its all-time high fr

seekingalpha.com·Feb 1

The 1-Minute Market Report, January 31, 2026

The S&P 500 hit another all-time high but showed signs of fatigue, with momentum waning and technical cracks emerging. Energy outperformed, while gold

seekingalpha.com·Jan 31

Kevin Warsh's nomination to Fed is one of Trump's smartest moves— and a partnership he needs to make work

Warsh will thread the needle, lowering short-term rates while he downsizes the Fed's massive balance sheet.

nypost.com·Jan 31

Stocks care about nominal numbers like earnings

Why stocks "care" about nominal GDP. More Stocks in Translation: https://youtu.be/NyDTEiB40ZA

youtube.com·Jan 31
#sp500#tech-sector#market-rally#fed-nomination#momentum-fade
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