Uneasy FOMC

Trader & Market Analyst • Jan 28, 2026 at 10:45 AM EST

Stocks dipped early then reversed, reinforcing that this choppy, event-heavy market (FOMC + big tech earnings) favors quick intraday profit-taking over swing trends, with only a shaky USD bounce so far.

S&P 500 showed premarket weakness, some more on the opening bell, and that was it – I had to change tune fast, just as with Monday‘s gap close and no looking back. It‘s not just FOMC today, we have MSFT and META earning following after the close. USD is trying to recover some ground, but can it be enough for breakdown invalidation? I doubt that, and let me treat you to today‘s analytical preview from Trading / Stock Signals (chart only) illustrating what I were saying for weeks – this (stock market) environment isn‘t great for swing trading trending strategies, and one simply must take profits whenever they‘re there during the day (and precious metals overnight gaps are a chapter for itself).

(Click on image to enlarge)

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Disclaimer: All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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MSFT UUP META SPX

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