US Large Caps in Focus - Position changes (29 January 2026)

US Large Caps Jan 29, 2026

Notes: we tend to focus on inflections on the weekly data level to strip out noise and, hopefully, call trades of more meaningful longevity. The basic system is a dynamic heatmap and colours: Up as Blue and Down as Red. Momentum is woven into the price series, such that paler colours represent lessening of power and stronger colours, increasing power. The sub-window shows the heatmap with momentum numbers at each timeframe from hourly to monthly.

Will do a new note tomorrow. Meanwhile, note - position change: CL US, Long entered 20 January at 84.3. Closing into earnings at 85.2. GOOG US, Long entered 8 January at 329.3, Closing at 329. Bearish momentum divergence and upside ease of movement gone.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.