Next Day Prep: Trump’s $200B Order Sparks Housing Frenzy
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to Next Day Prep – What We Are Watching Tomorrow! Wrapping up the first full trading week of 2026, the bullish sentiment remains strong with record highs in the S&P 500 and the Dow. The market momentum continues to push higher, showing resilience despite minor setbacks.
Overnight Headlines
The payroll report revealed only fifty thousand jobs added, below expectations. However, the unemployment rate decreased to four point four percent, and average hourly earnings accelerated to three point eight percent. This ‘Goldilocks’ scenario indicates a slowing job market but a resilient consumer base, pushing rate cut expectations to June.
Economic Announcements
- CPI on Tuesday: Key inflation test to monitor.
- Friday Earnings Season Kickoff: Big banks like JPMorgan and Wells Fargo reporting, providing insights into financial sector health.
Earnings Highlights
Key earnings upcoming from major financial institutions like JPMorgan and Wells Fargo will shed light on the overall market health and financial sector strength.
Top Movers
Noteworthy sector rotations observed, with Homebuilders rallying due to presidential policy infusion into the housing market. Energy sector experiences significant moves as AI and Nuclear technology integration gains traction, exemplified by Oklo’s partnership with Meta Platforms.
Quick Trade Ideas
- Carvana (C-V-N-A): Potential continuation play with momentum, eyeing a run towards 472 on a pullback to 460.
- Southern Copper (S-C-C-O): Benefiting from rising copper prices, watch for a breakout above 170 targeting 174.
Key Takeaway
With the market at all-time highs, trader focus remains on key support and resistance levels. While potential volatility exists, the current trend remains bullish, with strong buying pressure on dips.
Stay nimble, monitor SPY level at 695, and trade with caution. Good luck in your trading endeavors!