{"id":191630,"date":"2026-01-04T21:15:04","date_gmt":"2026-01-05T02:15:04","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=191630"},"modified":"2026-01-05T08:47:20","modified_gmt":"2026-01-05T13:47:20","slug":"tech-talk-for-monday-january-5th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/04\/tech-talk-for-monday-january-5th-2026\/","title":{"rendered":"Tech Talk for Monday January 5th 2026"},"content":{"rendered":"<p><em><font size=\"5\"><strong>Pre-opening Comments for Monday January 5<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em><b>U.S. equity index futures were higher this morning.<\/b> S&amp;P 500 futures were up 14<\/em><a name=\"_GoBack\"><\/a><em> points at 8:30 AM EST.<\/em><\/p>\n<p><em><b>WTI crude oil added $0.60 to $57.92 per barrel<\/b> following capture by the U.S. of Venezuelan President Maduro. Venezuela is a significant exporter of heavy crude oil. Major U.S. oil refining stocks were higher in overnight trade.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image0014.png\"><em><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001[4]\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image001[4]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image0014_thumb.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><b>Gold<\/b> advanced $97.10 to $4,426.70 in response to the Maduro capture.<\/em><\/p>\n<p><em><b>The Las Vegas Consumer Electronic Show<\/b> starts today and continues until Friday. Look for news on new electronic products and services. Focuses this year are on new products and services related to Artificial Intelligence (AI). The Technology sector and related ETFs have a history of moving higher during CES week.<\/em><\/p>\n<p><em><\/em><\/p>\n<p><em><font size=\"5\"><strong>EquityClock\u2019s Market Outlook for January 5<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><b><em>The first month of the year has historically generated strong results for stocks with the S&amp;P 500 Index higher by 1.2%, on average, and gains realized in 60% of periods. See:<\/em><\/b><\/p>\n<p><a href=\"https:\/\/equityclock.com\/2026\/01\/01\/stock-market-outlook-for-january-5-2026\/\"><em>https:\/\/equityclock.com\/2026\/01\/01\/stock-market-outlook-for-january-5-2026\/<\/em><\/a><\/p>\n<p><em><font size=\"5\">Technical Scoop<\/font> <font size=\"4\">for January 5<sup>th<\/sup> from David Chapman and <\/font><\/em><a href=\"http:\/\/www.Enrichedinvesting.com\"><em><font size=\"4\">www.Enrichedinvesting.com<\/font><\/em><\/a><\/p>\n<p><a href=\"https:\/\/enrichedinvesting.com\/library\/\"><em>https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>The proverbial \u201cSanta Claus\u201d rally for the S&amp;P 500 Index from December 14<sup>th<\/sup> to January 6<sup>th<\/sup> is \u201cholding in\u201d just barely.<\/b> The S&amp;P is up 0.45% since the close on Friday December 12<sup>th<\/sup>.<\/p>\n<p><b>Several technical analysts\/strategists (e.g. Tom Bowley, Craig Johnson, Tom Lee, Guy Adami, Dan Nathan, Carter Worth, David Keller, Jeremy Seigel) have issued cautious comments for U.S. equity markets for the short term.<\/b> Their concerns include:<\/p>\n<ul>\n<li>Slowing fourth quarter earnings gains relative to third quarter results<\/li>\n<li>Possible shutdown of Congress before the end of January<\/li>\n<li>Struggling chart action by major U.S. equity indices and ETFs (Notably the Magnificent 7 ETF: MAGS since the end of October)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image001-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image001\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image001_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Capture by the U.S. of Venezuelan President Maduro on Sunday adds to uncertainty.<\/b><\/p>\n<p><b>In contrast, the most favourable seasonality period in the year by the TSX Composite Index from December 14<sup>th<\/sup> to the first week in March is off to a good start.<\/b> The TSX Composite Index has started to show strong performance relative to the S&amp;P 500 Index: It has gained 1.15% since the close on December 12<sup>th<\/sup> and outperformed the S&amp;P 500 by 0.70%. Sectors and their related ETFs that recorded exceptional gains last week included Canadian financial, gold, base metal, energy and forest product stocks. All currently are in or approaching their period of seasonal strength.<\/p>\n<p><b>Meanwhile, several international equity indices and related ETF have been breaking to new highs:<\/b> Most notable last week were breakouts by China (FXI), Europe (IEV), South Korea (EWY) and India (PIN).<\/p>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p><b>December ISM Manufacturing Index<\/b> released at 10:00 AM EST on Monday is expected to improve to 48.3 from 48.2 in November.<\/p>\n<p><b>December ISM Services Index<\/b> released at 10:00 AM EST on Wednesday is expected to drop to 52.2 from 52.6 in November. <\/p>\n<p><b>October U.S. Factory Orders<\/b> released at 10:00 AM EST on Wednesday are expected to drop 1.1 versus a 0.2% gain in September.<\/p>\n<p><b>October U.S. Trade Deficit<\/b> released at 8:30 AM EST on Thursday is expected to increase to $58.50 billion from $52.8 billion in November.<\/p>\n<p><b>October Canadian Trade<\/b> released at 8:30 AM EST on Thursday is expected to record a $1.5 billion deficit versus a 150,000 surplus in September<\/p>\n<p><b>U.S. Third Quarter Productivity<\/b> released at 8:30 AM EST on Thursday is expected to increase to 3.7% from 3.3% in the second quarter.<\/p>\n<p><b>October Wholesale Inventories<\/b> released at 10:00 AM EST on Thursday are expected to increase 0.2% versus a 0.5% gain in September.<\/p>\n<p><b>U.S. December Employment Report<\/b> released at 8:30 AM EST on Friday is expected to record a gain of 57,000 versus a 64,000 gain in November. December Unemployment Rate is expected to slip to 4.5% from 4.6% in October.<\/p>\n<p><b>Canadian December Employment Report<\/b> released at 8:30 AM EST on Friday is expected to drop to a 7,500 drop from a 53.600 gain in November. December Unemployment Rate is expected to increase to 6.7% from 6.5% in November. <\/p>\n<p><b>U.S. October Housing Starts<\/b> are released at 8:30 AM EST on Friday<\/p>\n<p><b>January University of Michigan Consumer Sentiment<\/b> released at 10:00 AM EST on Friday is expected to improve to 53.5 from 52.9 in December<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p><b>Constellation Brands<\/b> on Wednesday<\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image003.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image003\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image003_thumb.png\" width=\"244\" height=\"210\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for January 2<sup>nd<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image005.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image005\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image005\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image005_thumb.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><em>Source for all positive seasonality ratings: <\/em><a href=\"http:\/\/www.EquityClock.com\"><em>www.EquityClock.com<\/em><\/a><\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for January 2<sup>nd<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image007.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image007\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image007\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image007_thumb.png\" width=\"244\" height=\"142\" \/><\/a><\/b><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font> <b><\/b><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for December 31<sup>st<\/sup> 2025<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image009-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image009\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image009\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image009_thumb-1.png\" width=\"244\" height=\"165\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><font size=\"5\"><strong>Changes last week<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image011-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image011\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image011\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image011_thumb-1.png\" width=\"223\" height=\"244\" \/><\/a><\/p>\n<p><em><strong>*All time high<\/strong><\/em><\/p>\n<p><em><\/em><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Michael Campbell\u2019s Money Talks for January 3<sup>rd<\/sup> <\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/?mc_cid=76257b6dfd&amp;mc_eid=592546b4b5\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p><b>Folks, the Warning Signs Are REAL! | Weekly Market Recap<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=cOOKhLkkjgM\">Folks, the Warning Signs Are REAL! | Weekly Market Recap \u2013 YouTube<\/a><\/p>\n<p><b> Is There a Safe Haven if Markets Crash? Bob Hoye<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/is-there-a-safe-haven-if-markets-crash-bob-hoye\/\">Is There a Safe Haven if Markets Crash? \u2013 HoweStreet<\/a><\/p>\n<p><b>The Precious Metals the Big Winners of 2025: Mark Leibovit<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2025\/12\/the-precious-metals-the-big-winners-of-2025-mark-leibovit\/\">The Precious Metals the Big Winners of 2025 \u2013 HoweStreet<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>Tech Stocks to Climb 20%-25% in 2026, Says Dan Ives<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=HYC7fF1dGWA\">Tech Stocks to Climb 20%-25% in 2026, Says Dan Ives \u2013 YouTube<\/a><\/p>\n<p><b>Canadian economic outlook for 2026: BNN<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=gI5y8pGURi4\">Canadian economic outlook for 2026 \u2013 YouTube<\/a><\/p>\n<p><b>Good earnings and strong margins will continue this year, says Hightower&#8217;s Stephanie Link<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=9fozBrAE1iY\">Good earnings and strong margins will continue this year, says Hightower&#8217;s Stephanie Link \u2013 YouTube<\/a><\/p>\n<p><b>Expect a &#8216;jump, slump, and a pump&#8217; for S&amp;P 500 in 2026, says Piper Sandler&#8217;s Craig Johnson<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=YmT7idI3ZLE\">Expect a &#8216;jump, slump, and a pump&#8217; for S&amp;P 500 in 2026, says Piper Sandler&#8217;s Craig Johnson \u2013 YouTube<\/a><\/p>\n<p><b>Interactive Brokers\u2019 Sosnick on the key developments he\u2019s watching in 2026<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=MIR8xZnFG90\">Interactive Brokers\u2019 Sosnick on the key developments he\u2019s watching in 2026 \u2013 YouTube<\/a><\/p>\n<p><b>Goldman: The U.S. economy will prove to be stronger than expected in 2026<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=0F9yPTzi8UA\">Goldman: The U.S. economy will prove to be stronger than expected in 2026 \u2013 YouTube<\/a><\/p>\n<p><b>Capital Rotates Into Defense Stocks as the \u201cGolden Dome\u201d Theme Gains Traction<\/b><\/p>\n<p><b>Mary Ellen McGonagle<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/capital-rotates-into-defense-stocks-golden-dome-theme-gains-traction\/\">Capital Rotates Into Defense Stocks as the \u201cGolden Dome\u201d Theme Gains Traction (stockcharts.com)<\/a><\/p>\n<p><font size=\"5\"><strong>Technical Notes for Friday<\/strong><\/font><\/p>\n<p><b>South Korea iShares <\/b>(EWY) moved above $98.57 to an all-time high extending an intermediate uptrend <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image012-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image012_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Semiconductor ETF<\/b> (SMH) moved above $374.43 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis (relative to the S&amp;P 500) until March 1<sup>st<\/sup>. See seasonality chart at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image013.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image013\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image013\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image013_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Global Auto ETF<\/b> (CARZ) moved above $79.25 to an all-time high extending an intermediate uptrend<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image014.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image014_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Global Timber iShares <\/b>(WOOD) moved above $72.32 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until January 31<sup>st<\/sup>. See seasonality chart at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image015.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image015_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>S&amp;P 100 and NASDAQ 100 stocks breaking resistance extending intermediate uptrends included <b>ASML Holding<\/b> (ASML) on a moved above $1,141.72 to an all-time high and <\/p>\n<p><b>NetEase<\/b> (NTES) on a move above $146.07. Seasonal influences are favourable for ASMLon a real and relative basis until January 28<sup>th<\/sup>. See seasonality chart at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image016.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image016_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image017.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image017\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image017\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image017_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>S&amp;P 100 and NASDAQ 100 stocks breaking support setting\/extending intermediate downtrends included <b>PayPal <\/b>(PYPL) on a move below $58.00, <b>Copart <\/b>(CPRT) on a move below $38.18, <b>O\u2019Reilly Automotive<\/b> (ORLY) on a move below $90.18, <b>CDW Corp<\/b>. on a move below $38.18, <b>CheckPoint<\/b> (CHKP) on a move below $180.74, <b>Palo Alto Networks<\/b> (PANW) on a move below $180.05, <b>Roper Technologies<\/b> (ROP) on a move below $434.53, <b>Netflix<\/b> (NFLX) on a move below $92.35 and <b>Autodesk <\/b>(ADSK)<b> <\/b>on a move below $286.32.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image018.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image018\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image018\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image018_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image019.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image019\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image019\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image019_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>TSX 60 stocks moving below support extending intermediate downtrends included <b>Thomson Reuters<\/b> (TRI.TO) on a move below Cdn$177.00 and <b>Open Text<\/b> (OTEX) on a move below US$32.07 and Cdn$45.06. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image020.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image020\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image020\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image020_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image021.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image021\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image021\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image021_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>S&amp;P 500 Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image022.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image022\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image022\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image022_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 2.00 on Friday, but slipped 3.40 last week. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image023.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image023\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image023\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image023_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer added 0.80 on Friday, but dropped 2.40 last week to 60.60. It remains Overbought.<\/p>\n<p><font size=\"5\"><strong>TSX Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image024.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image024\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image024\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image024_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 5.69 on Friday and gained 0.94 last week to 73.93. It remains Overbought.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image025.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image025\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image025\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image025_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer added 0.47 on Friday and gained 0.48 last week to 82.94. It remains Overbought.<\/p>\n<p><em><b>Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/em><\/p>\n<p><a href=\"http:\/\/www.equityclock.com\"><em>www.equityclock.com<\/em><\/a><em> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pre-opening Comments for Monday January 5th U.S. equity index futures were higher this morning. S&amp;P 500 futures were up 14 points at 8:30 AM EST. WTI crude oil added $0.60 to $57.92 per barrel following capture by the U.S. of Venezuelan President Maduro. Venezuela is a significant exporter of heavy crude oil. Major U.S. oil [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-191630","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=191630"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191630\/revisions"}],"predecessor-version":[{"id":191634,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191630\/revisions\/191634"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=191630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=191630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=191630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}