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There are over 25 S&P 500 stocks reporting earnings on Wednesday, January 28, and today I’m walking through eight of them using price action, market timing, and momentum.
I highlight where momentum is supporting trend continuation, where it’s pressing up against limits, and which levels matter most if earnings act as the trigger.
🔍 Highlights
1️⃣ Tesla (TSLA)
TSLA remains in a broader uptrend that has been in place since April 2025, but recent price action shows a short-term pause. Price needs to push above the January 12 high to unwind the current correction and reopen upside momentum. As long as shares stay above the January 20 low, that higher path remains possible; a break below that level would raise the risk of a deeper pullback toward November lows.
2️⃣ Microsoft (MSFT)
MSFT has bounced sharply from recent weakness, but momentum continues to sit between the Bear Power Zones. Price has room to press higher, though sustained strength likely depends on clearing the January 7 high. Failure to do so keeps the January 21 range in play as a possible area where price could rotate back toward.
3️⃣ Meta Platforms (META)
META has staged a strong recovery over the past several days, yet momentum has remained capped by bearish zones since September. A daily closing move above the December 22 high would be an important sign that upside pressure is rebuilding. Without that, recent strength may fade, with the $618 area acting as a potential support level.
4️⃣ Lam Research (LRCX)
LRCX continues to trade higher, supported by bullish momentum that lifted out of Bull Support Power Zones last November. Existing long positions remain well-positioned, with the January 23 low serving as a natural reference for trailing risk. For traders not yet involved, earnings-related consolidation or a pullback may offer better timing.
5️⃣ ServiceNow (NOW)
NOW remains in a well-defined downtrend, with momentum buried deep in bearish territory. While a short-term bounce has developed, it hasn’t altered the larger picture. As long as price stays below the January 7 high, downside pressure remains the dominant force.
6️⃣ Danaher (DHR)
DHR has been recovering from its October 2024 high and is now moving sideways as momentum hovers near neutral. This type of behavior often signals digestion rather than direction. While price remains above the December 17 platform, there is still room for higher levels to develop.
7️⃣ ADP (ADP)
ADP shows signs of redistribution, with Bear Resistance Power Zones repeatedly capping recent price highs. Continued weakness below the January 2 low would increase the risk of a larger pullback. On a higher timeframe, the July 2024 zone near 240.00 stands out as an important area ahead.
8️⃣ Starbucks (SBUX)
SBUX has been working higher toward the July 30 range, supported by upward-sloping momentum. As long as price stays above the January 20 low, there is room for further upside. That said, longer-term resistance has capped progress for more than a year unless earnings provide a meaningful push.
This mix of tech leaders, chip stocks, and consumer names offers useful insight into how momentum is behaving across sectors heading into earnings. Some charts are pressing against key highs, others are struggling to regain footing — and RSI Power Zones help separate temporary pauses from more meaningful shifts.
If this walkthrough helped you frame what to watch or offered insight into how momentum behaves around earnings, make sure to hit the Like button over on YouTube!
~ Hima
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