economy

January 26, 2026

NYSE insider Jay Woods on what pros are trading this week: Can Meta, Microsoft lift S&P to new highs?

Jay Woods says the pros are bracing for a fifth of the S&P 500 to report earnings this week with a keen eye on Meta, Microsoft and Apple to dictate the next move for the market.

NYSE insider Jay Woods on what pros are trading this week: Can Meta, Microsoft lift S&P to new highs?

TL;DR

  • A fifth of the S&P 500 is reporting earnings this week, with Meta, Microsoft, and Apple being key focus points.
  • Meta's earnings on Wednesday after the bell are critical; it needs to get back above the $675 level (200-day moving average) to prevent another leg down.
  • Microsoft and Apple are showing signs of being 'toppy'.
  • Apple must maintain the $242-$245 level and has broken a long-term uptrend, suggesting potential further weakness.
  • If Meta and Microsoft can re-enter uptrends, the S&P 500 might target a new high.
  • Both Meta and Microsoft shares were higher on Monday.
  • The S&P 500 has been lower for the past two weeks.
  • The Federal Reserve's decision on Wednesday is also noted, but tech earnings are the primary focus.

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