Next Day Prep: Meta Crushes CapEx, RCL Shines Next Day Trades
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Market Briefing – Next Day Prep: January 29, 2026
Market Mood
Thursday saw a mixed close in the markets with the S&P 500 slightly down, Nasdaq experiencing a dip, and DJIA showing a small gain. The key theme driving the day was the impact of mega-cap earnings, creating a significant market divergence.
Overnight Headlines
- Losers:
- Microsoft (MSFT): -10% due to CapEx concerns and soft cloud performance.
- ServiceNow (NOW): -10%.
- Tesla (TSLA): -3.5% on CapEx fears.
- Winners:
- Meta Platforms (META): +10.4% on strong revenue guidance.
- IBM: +5%.
- Royal Caribbean (RCL): +18.5%, top performer.
- Crude Oil: +3.5% due to geopolitical factors.
Economic Announcements
Jobless claims stood at 209K, indicating a solid labor market. Yields saw a decrease, with the 10-year yield at 4.23%.
Earnings Highlights
Upcoming earnings to watch include Apple (AAPL).
Top Movers
Key technical movements based on WaveRider AI:
- SPY: Stable/upward with support at 691 and resistance at 695. Notable institutional volume spike at 13:30.
- QQQ: Support at 628 and resistance at 630.
Quick Trade Ideas
Actionable trade setups to consider:
- Royal Caribbean (RCL): Momentum continuation, watching for levels around 342-344 and potential break to 355.
- Nucor (NUE): Materials strength, target level at 180 for a run towards 181.80.
- Modine Manufacturing (MOD): Industrials relative strength, potential breakthrough at 177 for a move to 181.
Key Takeaway
The market sentiment is driven by immediate ROI expectations; clear guidance can outweigh spending concerns. Focus on breakouts like RCL and NUE, while monitoring the SPY’s pivotal 691 level.