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Earnings season is in full swing, and Tuesday, January 20, brings a large group of S&P 500 stocks reporting. This is a useful window to study how trend direction behaves into earnings — and how to recognize when it’s likely to stay intact or begin to change.
I pulled the earnings list using WealthCharts, then walked through price, market, timing, and momentum on each TradeStation using both weekly and daily perspectives.
🔍 Highlights
1️⃣ 3M (MMM)
MMM is pressing higher on the weekly chart and approaching prior highs. On the daily timeframe, price continues to work higher while momentum digests recent strength, keeping focus on whether trend structure holds into earnings.
2️⃣ KeyCorp (KEY)
KEY continues to climb higher on the weekly chart but remains below its longer-term highs. Momentum is working off overbought conditions, suggesting trend continuation remains intact while key support levels hold.
3️⃣ Fifth Third Bancorp (FITB)
FITB has moved back toward its 2022 highs and recently cleared a nearer-term resistance area. Momentum behavior points to digestion rather than breakdown as earnings approach.
4️⃣ D.R. Horton (DHI)
DHI is consolidating inside a tightening range on the weekly chart. These compressions often resolve decisively, making the surrounding highs and lows important reference points.
5️⃣ U.S. Bancorp (USB)
USB has pushed higher and paused on the daily chart. Momentum pulling back into a bullish zone keeps focus on whether this pause resolves higher rather than signaling a deeper pullback.
6️⃣ Fastenal (FAST)
FAST is stabilizing after a prior pullback and beginning to turn higher. From a broader perspective, this remains more of a position-building structure than an extended move.
7️⃣ United Airlines (UAL)
UAL has recovered a significant portion of its prior decline and recently exceeded a key high. Momentum is improving, though some consolidation would not be unusual at this stage.
8️⃣ Netflix (NFLX)
NFLX remains in a broader downtrend on the weekly chart. While price may be nearing an area of potential stabilization, current structure still favors bearish pressure rather than a full trend reversal.
Why Trend Direction Matters Around Earnings
Price often reacts sharply around earnings, but trend and momentum frequently give earlier context. Monitoring how price behaves relative to key highs, lows, and momentum zones can help clarify whether a move is likely continuation, pause, or transition — especially during earnings-heavy weeks.
~ Hima
📅 PS — Upcoming Trainings
The Trader Training calendar has been updated. Here’s what’s coming up:
Hima at the Wealth365 Summit
📅 Tuesday, January 20 at 10:00 AM ET
Ticker Request Live — free weekly trading show
📅 Tuesday, January 20 at 4:30 PM ET
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