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Market Insights

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Good-Bye, Fed. Hello Earnings.
David Russell
January 30, 2025

Downloads are available here. TradeStation’s ideas on TradingView are available here.

Check out our next “State of the Market,” on Monday, 2/10. (No webinars next week.)

Sizing Up the S&P 500

  • S&P 500 holds 50-day MA, falling trendline after Deep Seek panic
  • 50% retracement of previous move may reflect uptrend
  • Inside candle on Tuesday
  • More than 1/5 of S&P 500 companies report earnings before the end of next week
  • Intermarket signals: No apparent warnings from rates, U.S. dollar or VIX
    • Is attention shifting back to fundamentals with earnings growth expected to accelerate and macro risks potentially fading?

S&P 500, daily chart, with select patterns and indicators.

Historic Month in Tech?

  • Is the U.S. losing its edge?
    • AAPL losing market share to Huawei, Vivo, Xiao
    • Deep Seek disrupts NVDA, ASML, TSM, AVGO, VRT
  • Attention for U.S. companies increasingly shifts to capex, margins
  • Money apparently rotated from NVDA to cloud stocks like SHOP, CRM
  • Chinese competition may influence stocks in unexpected ways over the long run

Using the Platform For Earnings Season

  • Next Earnings Date Studies – Next Earnings Date RS: For RadarScreen®
    • Other studies to consider: Market Cap M, Average Options Volume (custom)
    • Note: Major indexes components can be imported under Data → Add Symbol List
  • Next Earnings Date Studies – Next Earnings Date: For charts
    • Location, font and alert times can be set under Customize Indicator → Inputs

Upcoming Events

  • Earnings tonight: *AAPL* INTC V KLAC
  • Fri 1/31: PCE inflation
    • Premarket earnings: CVX XOM
  • Mon 2/3: ISM manufacturing
    • Postmarket earnings: PLTR
  • Tue 2/4: JOLTs job openings
    • Premarket earnings: PYPL PFE MRK SPOT
    • Postmarket earnings: AMD *GOOGL* AMGN SNAP
  • Wed 2/5: ISM services, crude oil inventories
    • Premarket earnings: DIS UBER
    • Postmarket earnings: QCOM ARM MSTR
  • Thu 2/6: Jobless claims
    • Premarket earnings: LLY RBLX
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About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.