Technical Notes

Solar ETF (TAN) moved above $53.68 extending an intermediate uptrend. Seasonal influences are favourable until February 20^th. See seasonality chart at www.EquityClock.com

Australia iShares (EWA) moved above $27.11 extending an intermediate uptrend. Seasonal influences are favourable until March 4^th. See seasonality chart at www.EquityClock.com

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Lowe’s Companies (LOW) on a move above $278.93 to an all-time high, Amgen (AMGN) on a move above $346.38 to an all-time high and ON Semiconductor (ON) on a move above $63.63. Seasonal influences are favourable for Lowe’s Companies until February 17^th and for ON Semiconductor until February 14^th. See seasonality charts at www.EquityClock.com

S&P 100 and NASDAQ stocks moving below support extending an intermediate downtrend included Abbot Labs (ABT) on a move below $120.09, $118.64 and $118.25, McCormick on a move below $62.20 and MasterCard (MA) on a move below $523.91.

Couche Tard (ATD.TO) a TSX 60 stock moved above Cdn$76.57 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 22^nd 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 22^nd 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 22^nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Market Risk Is Rising — But These Stocks Look Better on Pullbacks: Joe Rabil

Market Risk Is Rising — But These Stocks Look Better on Pullbacks (stockcharts.com)

Ignore the Headlines — This Is Where the Money Is Going! Tom Bowley

Ignore the Headlines — This Is Where the Money Is Going! – YouTube

Rising speculative risk in equity markets, says Rosenberg Research’s David Rosenberg

Rising speculative risk in equity markets, says Rosenberg Research’s David Rosenberg – YouTube

The 2026 Natural Gas Catalyst Nobody’s Talking About! ValueTrendCanada

https://www.youtube.com/watch?v=H2wRsRFzsz8

This Massive Winter Storm Just SHIFTED…

https://www.youtube.com/watch?v=VWQm4nwAPxU

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.40 to 68.80. It remains Overbought.

The long term Barometer slipped 0.20 to 69.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.92 to 79.36. It remains Overbought.

The long term Barometer dropped 1.38 to 84.86. It remains Overbought.

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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