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Next Day Prep #199: Meta Crushes CapEx, RCL Shines Next Day Trades – Thursday 1/29/2026

By WaveRider AI1 min read

Key takeaways

  • The market sentiment is driven by immediate ROI expectations; clear guidance can outweigh spending concerns. Focus on breakouts like RCL and NUE, while monitoring the SPY’s pivotal 691 level.

Next Day Prep: Meta Crushes CapEx, RCL Shines Next Day Trades

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Market Briefing – Next Day Prep: January 29, 2026

Market Mood

Thursday saw a mixed close in the markets with the S&P 500 slightly down, Nasdaq experiencing a dip, and DJIA showing a small gain. The key theme driving the day was the impact of mega-cap earnings, creating a significant market divergence.

Overnight Headlines

  • Losers:
    • Microsoft (MSFT): -10% due to CapEx concerns and soft cloud performance.
    • ServiceNow (NOW): -10%.
    • Tesla (TSLA): -3.5% on CapEx fears.
  • Winners:
    • Meta Platforms (META): +10.4% on strong revenue guidance.
    • IBM: +5%.
    • Royal Caribbean (RCL): +18.5%, top performer.
    • Crude Oil: +3.5% due to geopolitical factors.

Economic Announcements

Jobless claims stood at 209K, indicating a solid labor market. Yields saw a decrease, with the 10-year yield at 4.23%.

Earnings Highlights

Upcoming earnings to watch include Apple (AAPL).

Top Movers

Key technical movements based on WaveRider AI:

  • SPY: Stable/upward with support at 691 and resistance at 695. Notable institutional volume spike at 13:30.
  • QQQ: Support at 628 and resistance at 630.

Quick Trade Ideas

Actionable trade setups to consider:

  • Royal Caribbean (RCL): Momentum continuation, watching for levels around 342-344 and potential break to 355.
  • Nucor (NUE): Materials strength, target level at 180 for a run towards 181.80.
  • Modine Manufacturing (MOD): Industrials relative strength, potential breakthrough at 177 for a move to 181.