Pre-opening Comments for Wednesday January 7^th

U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:30 AM EST

Warner Brothers Discovery slipped $0.25 to $28.22 after the company rejected Paramount’s amended bid to acquire the company.

Gamestop added $0.58 to $21.24 after the company approved a performance based bonus for its CEO.

Ventyx Biosciences jumped $5.77 to $15.82 on news that Eli Lilly is preparing a takeover offer.

EquityClock’s Market Outlook for January 7^th

The Santa Claus Rally Period in stocks ended with the strongest gain since 2020. We’ll tell you what history suggests comes next. See:

https://equityclock.com/2026/01/06/stock-market-outlook-for-january-7-2026/

Technical Notes

Dow Jones Transportation Average ($TRAN) moved above 17,845.72 to an all-time high.

Dow Jones Transportation Average iShares (IYT) moved above $77.00 to an all-time high.

Agribusiness ETF (MOO) moved above $74.07 extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving above resistance setting/extending intermediate uptrends included Amazon (AMZN) on a move above $238.97, Vertex (VRTX) on a move above $463.85, Lockheed Martin (LMT) on a move above $512.11, PACCAR (PCAR) on a move above $112.84, United Parcel Services (UPS) on a move above $102.70, Analog Devices (ADI) on a move above $284.23, Texas Instruments (TXN) on a move above $184.76, DexCom (DXCM) on a move above $69.77, NXP Semiconductor (NXPI) on a move above $239.24, CVS Health (CVS) on a move above $81.08, Align Technology(ALGN), Honeywell on a move above $202.46, Dollar Tree (DLTR) on a move above $132.48, FedEx on a move above $303.59, General Dynamics on a move above $360.50 and Intuitive Surgical (ISRG) on a move above $582.41

Apple (AAPL) a Dow Jones Industrial Average stock moved below $266.95 and $265.32 completing a Head & Shoulders pattern.

Altria (MO) an S&P 100 stock moved below $55.17 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 6^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for January 6^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 6^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Santa Claus Rally this year

Congratulations to traders who participated in the proverbial “Santa Claus Rally” this year. The historic period for the trade in the S&P 500 Index is from the close on December 14^th (Friday December 12^th this year) to the close on January 6^th. This year, the trade recorded a 1.72% gain. Trading profits can be taken.

Traders that chose the TSX Composite Index for the “Santa Claus Rally” instead of the S&P 500 Index during this period performed better: The Index gained 2.79% during the period. Note that the period of seasonal outperformance by the TSX Composite relative to the S&P 500 extends to the first week in March.

Links offered by valued providers

Why Financials May Matter More Than Tech in Early 2026: David Keller

Why Financials May Matter More Than Tech in Early 2026 – YouTube

Market Leaders & Major Trends: A Deep Dive | Trading Places Live! January 6, 2026

Tom Bowley

Market Leaders & Major Trends: A Deep Dive | Trading Places Live! January 6, 2026 – YouTube

Market Call: Rick Rule’s market outlook on natural resource stocks

Market Call: Rick Rule’s market outlook on natural resource stocks – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer advanced 3.80 to 66.40. It remains Overbought. Daily uptrend resumed.

The long term Barometer added 2.80 to 64.80. It remains Overbought. Daily uptrend resumed.

TSX Momentum Barometers

The intermediate term Barometer added 1.90 to 77.25. It remains Overbought. Daily uptrend resumed.

The long term Barometer added 0.95 to 83.89. It remains Overbought. Daily uptrend resumed.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed

More from the network: Stock Market Outlook for January 7, 2026 Stock Market Outlook for January 6, 2026 Stock Market Outlook for January 5, 2026 Stock Market Outlook for December 31, 2025 Stock Market Outlook for December 30, 2025