January 23 2026 Trader Market Radar – NYSE Pre-Market Session

SPY Weekly View

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Holiday Radar

No U.S. market holidays pending in the next 7 days.

Earnings Radar

Monitoring for earnings releases by the Magnificent 7, AI-tech-related firms, and major financial institutions.

• INTC Release: 2026-01-22 T:AMC

Intel (INTC) reported earnings after the market closed on January 22, 2026. In the lead-up to this release, index futures traders observed typical patterns: momentum and volume in major indices showed signs of slowing as participants awaited not only Intel’s report, but also forthcoming updates from Nvidia (NVDA) and the broader “MAG7” group, which includes major AI and tech leaders. This cautious behavior is common when key sector players are due to announce results, as their performance can significantly sway overall market sentiment and set the tone for U.S. equity indices. As a result, ahead of these clustered earnings events, day traders should be aware that index futures may remain range-bound or prone to brief volatility spikes, with most directional conviction deferred until the full suite of tech earnings is in. The overall market environment remains sensitive to updates from AI and large-cap tech stocks, and the outcomes of these announcements will likely drive the next phase of volume and volatility in the index futures space.

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EcoNews Radar U.S. Events

EcoNews Summary

• 09:45 – USD Flash Manufacturing PMI (High Impact): This release provides an early indicator of U.S. manufacturing sector health. Strong numbers are interpreted as a sign of economic expansion and can fuel positive sentiment for equities and indices, while weaker results can trigger risk-off moves.
• 09:45 – USD Flash Services PMI (High Impact): As the U.S. economy is heavily reliant on services, this preliminary reading will offer key insights into growth momentum. A surprise in either direction is often closely followed by rapid movement in futures indices.

EcoNews Conclusion

• Both high-impact PMI releases at 09:45 are positioned to create significant volatility and directional momentum across index futures, particularly if the results diverge from expectations.
• News events scheduled around the 10 AM time cycle (including the upcoming consumer sentiment data) often act as catalysts for intraday reversals or continuations in indices futures.

Market News Summary

• S&P 500 and Bank Stocks: Major US banks posted strong Q4 earnings, with some misses on revenues mostly due to one-time charges. Broad S&P 500 earnings growth continues in double digits.
• Small Cap Stocks: Small caps are extending a notable winning streak, demonstrating strong momentum and leadership within the broader equity market.
• Large Caps and “Magnificent Seven”: High-performing tech/growth stocks continue to draw scrutiny over elevated valuations, but some analysts and media personalities maintain confidence in sustained market momentum.
• Economic Activity and Outlook: US GDP readings are strong, with experts citing robust economic growth and inflation remaining under control. Market leadership is shifting as investors look for new opportunities beyond dominant mega-cap names.
• Commodities:
  • Gold: Gold reached new record highs before experiencing minor profit-taking. Safe-haven demand persists amid ongoing geopolitical uncertainty, with bullish sentiment suggesting potential for higher prices.
  • Oil: Oil markets rebounded on supply concerns tied to geopolitical risks in the Middle East and ongoing supply disruptions (such as in Kazakhstan). Technical recoveries are also driving price action.
  • Natural Gas: Prices are elevated due to winter storms and persistent cold weather headlines, though underlying grid risks are presently manageable.
• Interest Rates and Central Banks: The Bank of Japan left rates steady at a 30-year high, monitoring the impact of prior hikes against a backdrop of bond market volatility and yen swings. Japanese inflation is cooling.
• ETF and Investment Trends: New ETFs are targeting alternatives like gold, metals, and bitcoin as currency hedges. The S&P 500 and QQQ ETFs remain in institutional focus.
• International Developments: US control of Venezuelan oil exports raises further tension with China. UK retail sales surprised to the upside over Christmas. European utilities and markets show stability but a lackluster near-term outlook.
• Market Volatility: Increased headline-driven swings are prompting some investors to favor companies with strong cash and balance sheets, including financials and regional banks.

News Conclusion

• Markets are exhibiting broad-based strength, with small caps showing sustained gains and rotation indicating changing leadership in stocks.
• Gold and other safe-haven assets remain in focus due to heightened geopolitical risks and robust demand, fueling new highs in precious metals.
• Energy markets are sensitive to global events, with oil regaining ground on supply threats and continued production disruptions.
• Strong US economic data and steady inflation contribute to a positive backdrop, but volatility driven by headlines and geopolitical developments continues to shape day-to-day moves in equities, futures, and commodities.
• International events and central bank policies are influencing sentiment, with particular attention on developments in Japan, Europe, and emerging markets.
• ETF innovation reflects continued interest in portfolio diversification and alternative asset exposure amid evolving global risks.

Market News Sentiment:

Market News Articles: 47

• Neutral: 46.81%
• Positive: 46.81%
• Negative: 6.38%

Sentiment Summary:
Out of 47 market news articles, sentiment was nearly evenly split between neutral (46.81%) and positive (46.81%) coverage, with a notably smaller portion exhibiting negative sentiment (6.38%).

Conclusion:
Current market news reflects a broadly balanced outlook, with a predominance of neutral and positive reporting and limited negative sentiment.

GLD,Gold Articles: 13

• Positive: 53.85%
• Negative: 23.08%
• Neutral: 23.08%

Sentiment Summary: The recent coverage of GLD and gold shows a predominantly positive tone, with over half of the articles exhibiting optimism. Negative and neutral sentiments are each present in roughly a quarter of the articles.

This suggests that current market commentary is leaning positive towards GLD and gold, though a significant proportion of reporting remains cautious or balanced.

USO,Oil Articles: 11

• Positive: 36.36%
• Negative: 36.36%
• Neutral: 27.27%

Sentiment Summary: Market news sentiment on USO and oil is mixed, with an equal percentage of positive and negative articles (36.36% each), and 27.27% of coverage remaining neutral.

This distribution suggests that the current news flow for USO and oil presents a balanced view, with no clear dominance of either optimistic or pessimistic sentiment in recent coverage.

Market Data Snapshot

ETF Snapshot of major stock market ETFs, Mag7, and others as of: January 23, 2026 07:16

• META 647.63 Bullish 5.66%
• TSLA 449.36 Bullish 4.15%
• GLD 451.79 Bullish 1.85%
• MSFT 451.14 Bullish 1.58%
• AMZN 234.34 Bullish 1.31%
• NVDA 184.84 Bullish 0.83%
• GOOG 330.84 Bullish 0.75%
• IWM 269.79 Bullish 0.75%
• QQQ 620.76 Bullish 0.73%
• DIA 493.69 Bullish 0.59%
• SPY 688.98 Bullish 0.52%
• TLT 87.69 Bullish 0.44%
• AAPL 248.35 Bullish 0.28%
• IJH 70.35 Bullish 0.01%
• IBIT 50.67 Bearish -0.86%
• USO 71.82 Bearish -2.07%

Higher Time Frame Analysis

Summary of the current state of US Indices Futures based on higher time-frame (HTF) technical analysis as of: 2026-01-23: 07:16 CT.

US Indices Futures

• ES Short/intermediate-term bullish, YSFG trend neutral to down, swing pivots at highs, support at 6844.75, higher highs/lows, resistance layered above, MAs up-trending, consolidation near top.
• NQ Weekly short/long-term bullish, intermediate neutral, swing pivots up, price above MSFG/WSFG NTZ, resistance 26655.50, support 23777.50, MAs strong, digesting gains.
• YM Persistent uptrend on all timeframes, price above YSFG/MSFG/WSFG NTZ, pivots at 49901 (high), 48881 (support), all MAs up, trade signals trend-continuation, higher lows, no exhaustion signs.
• EMD All timeframes bullish, breakout above YSFG/MSFG/WSFG NTZ, large bars, fast momentum, resistance 3549.3, support below, all MAs trending up, rally phase, no reversal indications.
• RTY Bullish across all timeframes, above all NTZs, strong swing pivot uptrend (high 2728.8, support 2544.8), MAs up, large bars, breakout from consolidation, trend continuation behavior.
• FDAX Short-term neutral to bearish, intermediate/long-term bullish, above MSFG/YSFG NTZ, below WSFG NTZ, short signal active, high volatility, resistance above, main support 24455-24619, uptrend intact HTF.

Overall State

• Short-Term: Bullish (except FDAX: neutral/bearish)
• Intermediate-Term: Bullish or Neutral (FDAX/NQ neutral, others bullish)
• Long-Term: Bullish (ES/NQ daily bearish, but weekly/majority bullish)

Conclusion

Across US Indices Futures, higher timeframes display strong bullish structure in YM, EMD, RTY, and NQ weekly charts, with price above MSFG/YSFG/WSFG grids and supporting moving averages. ES shows short/intermediate-term strength, consolidating near highs, while the yearly trend remains unconfirmed. FDAX shows HTF bullish alignment but short-term weakness and recent short signals below WSFG NTZ, suggesting a corrective phase. Swing pivots generally mark new highs, and support is well below current levels. Overall, the HTF context confirms an uptrend continuum on most indices, with ES and NQ maintaining constructive structure, and FDAX diverging short-term. Directional correlations favor trend continuation, pending reactions at swing resistance and support zones.

Note: Intra-day counter-trend pullbacks or retracements may occur, HTF is context for informational usage and market structure. Glossary: Session Fib Grids periods of YSFG:’Yearly’, MSFG:’Monthly’, WSFG:’Weekly’

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Tech Weekly View

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