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There are 10 S&P 500 stocks posting their earnings on Wednesday, January 21st. So I’m going to take a look at the price action, market timing, and momentum to see if there are any potential trade opportunities — and have you learn from the analysis.
🔍 Highlights
1️⃣ TE Connectivity (TEL)
TEL has an “HB” marker next to the ticker — meaning hard to borrow, or difficult to short. Structurally, the stock is in consolidation mode while RSI Power Zones reflect the recent working off of overbought conditions and a more neutral posture since then.
In the bigger picture, it looks more likely to trade higher with a breakout above the December 11 high. The alternate scenario to respect is weakness below the January 6 low, which would have me watching for a move back toward the November 21st area.
2️⃣ Truist Financial (TFC)
TFC had a beautiful run from Bull Support to Bull Resistance and is now consolidating while it works off overbought conditions. As long as price remains above the January 2 low, I think it’s more likely to trade higher versus lower.
3️⃣ Johnson & Johnson (JNJ)
JNJ is in an uptrend that’s persisting and is already at new highs. If you haven’t gone long already and you’re looking for opportunity, I don’t think there’s a clean one immediately — unless earnings or the days after create a pullback. A pullback toward the January 4 low could provide a more favorable long opportunity.
4️⃣ Citizens Financial Group (CFG)
CFG is also consolidating while working off overbought conditions, but the overall picture here is stronger than some of the other names because it hasn’t had as significant a pullback. I think there may be an opportunity to buy shares soon while price remains above the January 2 low, which could lead to a move toward $70 a share.
5️⃣ Halliburton (HAL)
HAL has had a beautiful hold in the Bull Support power zone since the October low and remains up and to the right. Right now it’s extended — so if you’re long, you can stay long, but I don’t think this is a good place to add. I’d rather see it return back toward the old top from December 11, and look to buy a pullback if we get it.
6️⃣ Teledyne Technologies (TDY)
On the daily chart, TDY looks like it’s moving up toward a recent high — and stepping back helps confirm perspective. TDY is trading at all-time highs and has already touched the Bull Resistance Power Zone and paused, but that doesn’t mean the uptrend is over. I think it’s likely to return to the October 7 range, which isn’t far away, and that may be an area for a pause.
7️⃣ Travelers Companies (TRV)
TRV has been in a recent downtrend, but it has come back toward the October 16 range, approaching that old high. RSI Power Zones have been beaten up down into the Bear Support Power Zone. Of the names we looked at, this one stands out as a “beaten up” stock that may provide opportunity soon for longer-term positioning — and I’d like to see it hold above the middle of that October range to provide the best long entry.
8️⃣ Charles Schwab (SCHW)
SCHW broke out from a long range that had been in place since last July, but it hasn’t gained a ton of momentum recently. There’s been a bit of a disconnect between price and momentum. If you’re looking to build a position, I’d suggest waiting for a pullback — potentially back toward the $95 area over time. Not necessarily immediately after earnings, but something that could happen over the next few weeks.
9️⃣ Prologis (PLD)
PLD is a good reminder that when you only look at the tail end of the daily chart, you might think you’re at new highs — but when you zoom out, you see prior peaks in March 2024, December 2023, and even back to February/April 2022. This stock has been picking up pace, but it has a fair amount of resistance ahead. I’d be cautious about building a position soon and would rather watch for a pullback.
🔟 Kinder Morgan (KMI)
KMI may be a stock you want in your portfolio for dividends and income, but technically it’s been in a sideways range. On the weekly perspective, it’s also been sideways before — and then eventually broke out. I think it’s likely to do something similar again, but not necessarily anytime soon. At minimum, I’d want to see a move above the October high to start thinking it’s on its way into the mid-$30s and beyond.
That’s my take on some S&P 500 stocks reporting earnings on Wednesday, January 21st. Make sure to check whether earnings are before the market open or after, since the timing varies. If you found value in this analysis and the technical reminders, hit the like button!
~ Hima
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