Tech Talk for Wednesday January 28th 2026

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Technical Notes

S&P 500 Index ($SPX) moved above 6,986.33 setting an all-time high. S&P 500 SPDRs (SPY) moved above $696.09 setting an all-time high

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U.S. Dollar Index moved below 96.22 to a four year low extending a long term downtrend.

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U.S. Healthcare Providers iShares (IHF) moved below $46.44 completing a double top pattern. Notable stocks in the sector breaking support setting intermediate downtrends included UnitedHealth Care (UNH), CVS Health (CVE) and Humana (HUM).

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NextEra Energy (NEE) an S&P 100 stock moved above $86.94 to an all-time high. Seasonal influences are favourable until June 17th. See seasonality chart at www.EquityClock.com

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Canadian energy stocks and related ETFs continued to move higher. Energy stocks in the TSX 60 Index breaking to new highs included Imperial Oil (IMO.TO) on a move above Cdn$140.40 to an all-time high, Cenovus Energy (CVE.TO) on a move above Cdn$26.15 and TC Energy (TRP.TO) on a move above Cdn$77.76 to an all-time high. Seasonal influences are favourable for Imperial Oil until April 30th. See seasonality chart at www.EquityClock.com

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Trader’s Corner

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Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 27th 2026

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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 27th 2026

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 27th 2025

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Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Big Tech Borrowing & The US Bond Market: Guy Adami, Dan Nathan and Danny Moses

Big Tech Borrowing & The US Bond Market – YouTube

It’s actually a sign of a healthy market that the capital is being spread around’: Cieszynski

‘It’s actually a sign of a healthy market that the capital is being spread around’: Cieszynski – YouTube

Here’s why the next 72 hours are critical for markets: CNBC

Here’s why the next 72 hours are critical for markets – YouTube

Stocks Close-In on Record as Dollar Slide Deepens: Cameron Dawson

Stocks Close-In on Record as Dollar Slide Deepens – YouTube

S&P 500 Momentum Barometers

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The intermediate term Barometer dropped 2.80 to 67.00. It remains Overbought.

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The long term Barometer dropped 1.80 to 67.20. It remains Overbought.

TSX Momentum Barometers

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The intermediate term Barometer slipped 0.46 to 78.90. It remains Overbought.

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The long term Barometer dropped 1.38 to 81.19. It remains Overbought. Daily trend has turned down.

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.




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