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Good Thursday Morning, MPTraders! January29, 2026-- Pre-Market Update:-- There are two trading days remaining in January... -- All else being equal, the January Seasonal Tendency is for SPX strength today and tomorrow into month-end (see Seasonal Graphic below)...-- Headline Risk this AM: President Trump holds a Cabinet Meeting at 11 AM ET, which could be open to the press again...-- Notable Earnings After the Close: AAPL-- Geopolitical Risk Rhetoric is Climbing Rapidly concerning an imminent Persian Gulf War. We will examine some select Energy Charts later this AM...
Written by Mark Malinowski with charts and commentary by Zac Mannes and Garrett PattenBlack gold, Texas Tea, Big Oil, and the Valdez. When the average American thinks about things that are quintessential energy history, let’s be honest, they think about Exxon-Mobil. They have brands like Esso, Mobil, and Exxon, which are household names that we see all the time across 46 of the United States and Canada. Exxon Mobil occupies position number 15 as of early 2026 in terms of Market Capitalization on the SP 500. So there are only 14 companies that have a larger market cap in the US.
Today we saw the market move sharply higher, retracing much of last week’s pullback. However, we are still trading below the key pivot level that must break to confirm that we are ready to push to new highs. As we move into the close, the market is sitting near the middle of this pivot zone, and if we can break above it over the next couple of sessions, we should indeed be on our way to new highs.
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