January 28, 2026   |   Read Online All Timey Highs... Let's Go Live Take Me to the Live Show Trading is hard. Trading under-capitalized is worse. Click here to see the workaround… Good morning, Gold broke $5,200 this morning. Consumer confidence collapsed yesterday to the lowest level since 2014. Below COVID lows. And the S&P is sitting at all-time highs near 7,000. Something doesn't add up. The Expectations Index dropped to 65.1. That's well below the 80 threshold that usually signals recession ahead. It's the 12th straight month below that line. People are worried about jobs, worried about prices, worried about what's coming next. Meanwhile, the market keeps climbing. This is exactly the kind of disconnect that precedes big moves. Not saying which direction. Just saying the tension is building, and today might be when it snaps. Powell speaks at 2:30 PM. Microsoft, Meta, and Tesla report after the bell. Whatever direction this thing breaks, it's going to be violent. And right now? Momentum gave us nothing. Intraday pressure pulled back from +8 yesterday to flat overnight. On the S&P, nine stocks breaking out, nine breaking down. A coin flip. Nobody wants to lean the wrong way before Powell has the microphone. The one thing worth watching: FNGD broke down another 3.5% yesterday and slipped under its 20-day moving average. If it pushes through the 50-day, we can start thinking about taking shots further out. We're not there yet. But it's the right direction. Patience is the play until around 3 PM. That's when the algos decide whether Powell's language matches expectations. That's when the market actually commits. I'll be live on Market Masters at 8:45 AM to walk through what's moving and what actually matters. Then I'll be back at 2 PM for Powell. This is one of those days where showing up live matters. Click here to join Market Masters See you in 15 minutes Stay positive, Garrett Baldwin   Update your email preferences or unsubscribe here © 2026 Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. PO Box 24790 Christiansted, Virgin Islands 00824, United States of America Terms of Service