{"id":191671,"date":"2026-01-05T22:28:42","date_gmt":"2026-01-06T03:28:42","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=191671"},"modified":"2026-01-06T08:58:17","modified_gmt":"2026-01-06T13:58:17","slug":"tech-talk-for-tuesday-january-6th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/05\/tech-talk-for-tuesday-january-6th-2026\/","title":{"rendered":"Tech Talk for Tuesday January 6th 2026"},"content":{"rendered":"

Pre-opening Comments for Tuesday January 6th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were unchanged<\/em><\/a> at 8:30 AM EST<\/em><\/p>\n

Under Armour<\/b> added $0.17 to $5.59 after Fairfax Financial purchased a stake in the company.<\/em><\/p>\n

\"clip_image001[1]\"<\/em><\/a><\/p>\n

Nvidia<\/b> advanced $1.03 to $189.15 following its presentation last night at the Consumer Electronic Show.<\/em><\/p>\n

\"clip_image002[1]\"<\/em><\/a><\/p>\n

CoreWeave<\/b> gained $1.61 to $78.47 after announcing integration of Nvidia\u2019s Rubin platform into its AI cloud service.<\/em> <\/p>\n

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Microchip Technology<\/b> added $2.59 to $69.34 after the company raised its revenue forecast.<\/em><\/p>\n

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EquityClock\u2019s market outlook for January 6th<\/sup><\/strong><\/font><\/em><\/p>\n

The market is continuing to emphasize its cyclical focus as the Santa Claus Rally period (according to our definition) seeks to conclude with a strong gain.<\/b> See:<\/em><\/p>\n

https:\/\/equityclock.com\/2026\/01\/05\/stock-market-outlook-for-january-6-2026\/<\/em><\/a><\/p>\n

<\/strong><\/font><\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Dow Jones Industrial Average<\/b> ($INDU) moved above 48,886.66 to its all-time high and its SPDR<\/b> (DIA) moved above $488.60 to an all-time high<\/p>\n

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Semiconductor iShares<\/b> (SOXX) moved above $316.89 to an all-time high extending an intermediate uptrend.<\/p>\n

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Energy SPDRs<\/b> (XLE) moved above $46.98 to an all-time high extending an intermediate uptrend.<\/p>\n

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S&P Mines and Metals SPDRs<\/b> (XME) moved above $110.95 to an all-time high extending an intermediate uptrend. In Canada, BMO\u2019s Equal Weight Global Base Metals ETF<\/b> (ZMT.TO) moved above Cdn$111.34 to an all-time high. <\/p>\n

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Japan iShares<\/b> (EWJ) moved above $82.23 to an all-time high extending an intermediate uptrend.<\/p>\n

S&P 100 and NASDAQ 100 stocks moving above resistance and setting\/extending intermediate uptrends included Chevron<\/b> (CVX) on a move above $98.73, ConocoPhillips<\/b> (COP) on a move above $163.27, Schlumberger <\/b>(SLB) on a move above $40.88, Bank of New York Mellon<\/b> (BK) on a move above $40.88, Blackrock<\/b> (BLK) on a move above $1,107.26, Goldman Sachs<\/b> (GS) on a move above $919.10, Morgan Stanley<\/b> (MS) on a move above $181.98, Old Dominion Freight<\/b> (ODFL) on a move above $163.19, Applied Materials<\/b> (AMAT) on a move above $276.10, eBay<\/b> (EBAY) on a move above $88.34, Synopsis<\/b> (SNPS) on a move above $482.23, ON Semiconductor<\/b> (ON) on a move above $57.52, Thermo-Fisher<\/b> Scientific<\/b> (TMO) on a move above$601.87, Ross Stores<\/b> on a move above $185.85, MercadoLibre<\/b> (MELI) on a move above $2,163.00 and Danaher<\/b> on a move above $234.67..<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving below support and setting\/extending intermediate downtrends included Coca Cola<\/b> (KO) on a move below $68.79, Exelon<\/b> (EXC) on a move below $42.97, Gilead<\/b> (GILD) on a move below $118.00, Paychex<\/b> (PAYX) on a move below $108.00 and American Electric Power<\/b> (AEP) on a move below $113.77 and $113.68.<\/p>\n

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Bank of Montreal<\/b> (BMO-TO) a TSX 60 stock moved above Cdn$102.89 to an all-time high extending an intermediate uptrend.<\/p>\n

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CAE <\/b>(CAE.TO) a TSX 60 stock moved above Cdn$42.43 to an all-time high extending an intermediate uptrend.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for January 5th<\/sup> 2026<\/p>\n

\"clip_image014\"<\/a> <\/p>\n

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for January 5th<\/sup> 2026<\/p>\n

\"clip_image016\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/strong><\/font> <\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for January 5th<\/sup> 2025<\/p>\n

\"clip_image018\"<\/a><\/p>\n

Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Semis vs Software + Charts To Start 2026 Off Right! Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

Semis vs Software + Charts To Start 2026 Off Right! \u2013 YouTube<\/a><\/p>\n

Could Venezuelan oil displace Canadian oil? Jamie Murray<\/b><\/p>\n

Could Venezuelan oil displace Canadian oil? \u2013 YouTube<\/a><\/p>\n

Invest Better in 2026: 4 Rules from 40 Years of Trading! ValueTrendCanada<\/b><\/p>\n

Invest Better in 2026: 4 Rules from 40 Years of Trading! \u2013 YouTube<\/a><\/p>\n

Tom Lee Explains His 7,700 S&P 500 Call & Bitcoin Outlook<\/b><\/p>\n

Tom Lee Explains His 7,700 S&P 500 Call & Bitcoin Outlook \u2013 YouTube<\/a><\/p>\n

The road ahead for the Canadian dollar in 2026<\/b><\/p>\n

The road ahead for the Canadian dollar in 2026 \u2013 YouTube<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer added 3.40 to 62.60. It changed from N<\/a>eutral to Overbought on a recovery above 60.00.<\/p>\n

\"clip_image020\"<\/a><\/p>\n

The long term Barometer added 1.40 to 62.00. It remains Overbought.<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image021\"<\/a><\/p>\n

The intermediate term Barometer added 1.42 to 75.36. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 82.94. It remains Overbought.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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":"

Pre-opening Comments for Tuesday January 6th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EST Under Armour added $0.17 to $5.59 after Fairfax Financial purchased a stake in the company. Nvidia advanced $1.03 to $189.15 following its presentation last night at the Consumer Electronic Show. CoreWeave gained […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-191671","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191671","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=191671"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191671\/revisions"}],"predecessor-version":[{"id":191681,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191671\/revisions\/191681"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=191671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=191671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=191671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}