ETF Technical Analysis Synopsis: February 03, 2026
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. I am not a professional financial advisor. Investors should conduct their own research and consult with a qualified financial professional before making any investment decisions.
Overall Market Insights
The latest technical analysis indicates a generally bullish outlook for major stock market ETFs over medium to longer-term horizons (15-30 days), driven by indicators such as MACD, RSI, and SMA crossovers showing upward momentum in broad indices. Sectors like technology (QQQ), energy (XOP), and retail (XRT) show strong buy signals, suggesting potential growth amid economic recovery and sector-specific tailwinds. However, short-term signals are mixed, with some sells in financials (XLF) and healthcare (XLV), reflecting possible near-term volatility. The market appears resilient, but caution is advised due to potential macroeconomic shifts.
Highlights of Bullish/Bearish Signals
- Bullish: Strong BUY signals dominate in QQQ across all horizons, DIA for 20-25 days, SPY for 10 and 25 days, XOP for 15 and 30 days, and XRT for 25-30 days, pointing to momentum in tech, broad market, energy, and retail sectors.
- Bearish: Strong SELL in XLF for 20 days, indicating potential weakness in financials; weak sells in XRT for 5-10 days and XLV for 5 days.
Comparisons to Prior Data (January 31)
Key changes include new BUY signals for IWM (30 days), URTY (10 and 25 days), XLE (25 days), and XLV (25 days). Downgrades from BUY to buy in DIA (15 and 30 days), UPRO (20 days), and XBI (20 days). New sells in XHS (5 days), XLK (25 days), and XLV (5 days). Overall, signals have strengthened in small-caps and energy while weakening slightly in some leveraged and health areas.
Explanations Tied to Technical Indicators
These signals are derived from a combination of technical tools including Absolute Price Oscillator (APO), Directional Movement Index (DMI), MACD, RSI, and SMA crossovers. Bullish consensus (buy/BUY) emerges when multiple indicators show positive momentum, such as upward crossovers and overbought RSI in growth sectors. Bearish signals (sell/SELL) indicate potential reversals from overextended trends or negative divergences.
Consensus Signal Table
| ETF | 5 Days | 10 Days | 15 Days | 20 Days | 25 Days | 30 Days |
|---|---|---|---|---|---|---|
| BND | buy | buy | ||||
| DIA | buy | BUY | BUY | buy | ||
| GLD | ||||||
| IJH | buy | BUY | BUY | buy | ||
| IWM | buy | BUY | ||||
| JNK | buy | |||||
| KBE | BUY | BUY | BUY | |||
| QQQ | buy | BUY | BUY | BUY | BUY | |
| SPY | BUY | BUY | buy | |||
| TQQQ | ||||||
| UPRO | buy | BUY | ||||
| URTY | BUY | BUY | ||||
| XBI | buy | buy | BUY | |||
| XES | ||||||
| XHB | buy | buy | buy | buy | ||
| XHS | sell | BUY | buy | |||
| XLB | buy | |||||
| XLE | BUY | |||||
| XLF | sell | SELL | ||||
| XLI | buy | |||||
| XLK | BUY | sell | ||||
| XLP | ||||||
| XLRE | BUY | |||||
| XLU | BUY | |||||
| XLV | sell | BUY | buy | |||
| XLY | ||||||
| XME | ||||||
| XOP | buy | BUY | buy | BUY | ||
| XRT | sell | sell | buy | BUY | BUY |
Handling Strong Consensus Trends
For ETFs with strong BUY or SELL signals, recent sources provide mixed views:
DIA (BUY 20-25 days)
- DIA - Spdr Dow Jones Industrial Average Etf Stock Price Forecast 2026: Predicts average $451.68 in 2026, down from ~$489, contradicting BUY with a bearish outlook based on lower estimates.
- 6 ETF Predictions for 2026 - Yahoo Finance: Optimistic on SPY/DIA gains from AI and energy, agreeing with BUY via projections to 7,500-8,000 for S&P (implying DIA upside).
- Spdr Dow Jones Industrial Average Etf ETF Price Forecast: Expects 5.7% rise in 3 months, supporting short-term BUY.
IJH (BUY 15,25 days)
- IJH - Ishares Core S P Mid Cap Etf Stock Price Forecast 2026: Average $68.82 in 2026, slightly up from ~$68.67, mildly agreeing with BUY.
- Ishares Core S&p Mid-cap Etf ETF Price Forecast: Predicts 9.68% rise in 3 months, supporting BUY.
IWM (BUY 30 days)
- iShares Russell 2000 ETF Fund Forecast, "IWM" Fund Predictons by days: 2026: Projects up to ~$268 by end-2026, up from ~$259, agreeing with BUY.
- Ishares Russell 2000 ETF Price Forecast: Expects 11.39% rise in 3 months, supporting long-term BUY.
KBE (BUY 20-30 days)
- Spdr S&p Bank Etf ETF Price Forecast: Predicts 14.01% rise in 3 months, agreeing with BUY.
- Bank ETFs in Spotlight as US National Debt Crosses $38 Trillion: Highlights potential 2026 opportunities for banks like KBE amid debt dynamics, mildly agreeing.
QQQ (BUY multiple)
- INVESCO QQQ STOCK PRICE PREDICTION 2026: Average ~$676 in 2026, up from ~$626, agreeing with BUY.
- Will the SPDR S&P 500 ETF (SPY) Stock Hit $800 in 2026?: Bullish on tech-heavy indices, supporting QQQ BUY.
SPY (BUY 10,25 days)
- S&P 500 ETF STOCK PRICE PREDICTION 2026: Average ~$662 in 2026, down from ~$695, contradicting BUY.
- Will the SPDR S&P 500 ETF (SPY) Stock Hit $800 in 2026?: Discusses potential 21.5% rise to $800, agreeing with BUY.
UPRO (BUY 25 days)
- UPRO - Proshares Ultrapro S P 500 Etf 3 X Shares Stock Price Forecast 2026: Average $99 in 2026, down from ~$121, contradicting BUY.
- Proshares Ultrapro S&p500 Proshares Ultrapro S&p500 ETF Price Forecast: Expects 7.78% rise in 3 months, mildly agreeing.
URTY (BUY 10,25 days)
- URTY stock forecast, quote, news & analysis: AI models suggest stability/upside in leveraged small-caps, agreeing with BUY.
- URTY - Proshares Ultrapro Russell 2000 3 X Shares Stock Price Forecast 2026: Average $54 in 2026, down from ~$61, contradicting.
XBI (BUY 30 days)
- XBI - State Street Spdr S P Biotech Etf Stock Price Forecast 2026: Average $146 in 2026, up from ~$125, agreeing with BUY.
- Biotech: Time For A Pause To Start 2026: Suggests headwinds early 2026, mildly contradicting long-term BUY.
XHS (BUY 20 days)
- XHS - State Street Spdr S P Health Care Services Etf Stock Price Forecast 2026: Average $89.64 in 2026, down from ~$106, contradicting BUY.
- Spdr S&p Health Care Services Etf ETF Price Forecast: Expects 6.94% rise in 3 months, agreeing.
XLE (BUY 25 days)
- Xle ETF Price Forecast: Expects 1.07% daily gain pattern, mildly agreeing.
- XLE - State Street Energy Select Sector Spdr Etf Stock Price Forecast 2026: Average $75 in 2026, up from ~$51, agreeing with BUY.
XLF (SELL 20 days)
- XLF - State Street Financial Select Sector Spdr Etf Stock Price Forecast 2026: Average $46.78 in 2026, down from ~$53, agreeing with SELL.
- Will 2026 be a Great Year for Banks?: Optimistic on banks, contradicting SELL with growth projections.
XLK (BUY 20 days)
- XLK - State Street Technology Select Sector Spdr Etf Stock Price Forecast 2026: Average $322 in 2026, up from ~$145, agreeing with BUY.
- XLK Forecast — Price Prediction for 2026: Positive signals, supporting BUY.
XLRE (BUY 20 days)
- XLRE - State Street Real Estate Select Sector Spdr Etf Stock Forecast 2026: Average $41.73 in 2026, up slightly from ~$41, mildly agreeing.
- The Real Estate Select Sector Spdr Fund ETF Price Forecast: Expects 4.53% rise in 3 months, supporting BUY.
XLU (BUY 15 days)
- XLU - State Street Utilities Select Sector Spdr Etf Stock Price Forecast 2026: Average $74.54 in 2026, up from ~$43, agreeing with BUY.
- The Utilities Select Sector Spdr Fund ETF Price Forecast: Expects -4.79% fall in 3 months, contradicting BUY.
XLV (BUY 25 days)
- XLV - State Street Health Care Select Sector Spdr Etf Stock Forecast 2026: Average $182.98 in 2026, up from ~$155, agreeing with BUY.
- The Health Care Select Sector Spdr Fund ETF Price Forecast: 0.598% gain pattern, mildly agreeing.
XOP (BUY 15,30 days)
- XOP Forecast — Price Prediction for 2026: Anticipates trading channel, neutral.
- XOP - State Street Spdr SP Oil Gas Exploration Production Etf Stock Forecast 2026: Average $102 in 2026, down from ~$136, contradicting BUY.
XRT (BUY 25,30 days)
- Spdr S&p Retail Etf ETF Price Forecast: Expects 13.47% rise in 3 months, agreeing with BUY.
- XRT - State Street Spdr S P Retail Etf Stock Price Forecast 2026: Average $107 in 2026, up from ~$86, agreeing.
What I Own
Full disclosure, as of Jan 30th, I own KBE, IJH, XLY and XOP.Posted by Joe McVerry (@joe_mcverry) on X on February 03, 2026