{"id":191710,"date":"2026-01-06T21:21:49","date_gmt":"2026-01-07T02:21:49","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=191710"},"modified":"2026-01-07T08:46:50","modified_gmt":"2026-01-07T13:46:50","slug":"tech-talk-for-wednesday-january-7th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/06\/tech-talk-for-wednesday-january-7th-2026\/","title":{"rendered":"Tech Talk for Wednesday January 7th 2026"},"content":{"rendered":"

Pre-opening Comments for Wednesday January 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were down 1<\/em><\/a> point at 8:30 AM EST<\/em><\/p>\n

Warner Brothers Discovery<\/b> slipped $0.25 to $28.22 after the company rejected Paramount\u2019s amended bid to acquire the company.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Gamestop<\/b> added $0.58 to $21.24 after the company approved a performance based bonus for its CEO.<\/em><\/p>\n

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Ventyx Biosciences<\/b> jumped $5.77 to $15.82 on news that Eli Lilly is preparing a takeover offer.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for January 7th<\/sup><\/strong><\/font><\/em><\/p>\n

The Santa Claus Rally Period in stocks ended with the strongest gain since 2020. We\u2019ll tell you what history suggests comes next.<\/b> See:<\/em><\/p>\n

https:\/\/equityclock.com\/2026\/01\/06\/stock-market-outlook-for-january-7-2026\/<\/em><\/a><\/p>\n

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

Dow Jones Transportation Average<\/b> ($TRAN) moved above 17,845.72 to an all-time high.<\/p>\n

Dow Jones Transportation Average iShares<\/b> (IYT) moved above $77.00 to an all-time high.<\/p>\n

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Agribusiness ETF<\/b> (MOO) moved above $74.07 extending an intermediate uptrend.<\/p>\n

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

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Apple<\/b> (AAPL) a Dow Jones Industrial Average stock moved below $266.95 and $265.32 completing a Head & Shoulders pattern.<\/p>\n

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Altria <\/b>(MO) an S&P 100 stock moved below $55.17 extending an intermediate downtrend. <\/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 6th<\/sup> 2026<\/p>\n

\"clip_image010\"<\/a> <\/p>\n

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

Red: Decrease from previous day<\/font><\/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 6th<\/sup> 2026<\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 6th<\/sup> 2025<\/p>\n

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

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

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

Santa Claus Rally this year<\/strong><\/font><\/p>\n

Congratulations to traders who participated in the proverbial \u201cSanta Claus Rally\u201d this year.<\/b> The historic period for the trade in the S&P 500 Index is from the close on December 14th<\/sup> (Friday December 12th<\/sup> this year) to the close on January 6th<\/sup>. This year, the trade recorded a 1.72% gain. Trading profits can be taken.<\/p>\n

Traders that chose the TSX Composite Index for the \u201cSanta Claus Rally\u201d instead of the S&P 500 Index during this period performed better:<\/b> 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.<\/p>\n

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

Why Financials May Matter More Than Tech in Early 2026: David Keller<\/b><\/p>\n

Why Financials May Matter More Than Tech in Early 2026 \u2013 YouTube<\/a><\/p>\n

Market Leaders & Major Trends: A Deep Dive | Trading Places Live! January 6, 2026<\/b><\/p>\n

Tom Bowley<\/b><\/p>\n

Market Leaders & Major Trends: A Deep Dive | Trading Places Live! January 6, 2026 \u2013 YouTube<\/a><\/p>\n

Market Call: Rick Rule’s market outlook on natural resource stocks<\/b><\/p>\n

Market Call: Rick Rule’s market outlook on natural resource stocks \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer advanced 3.80 to 66.40. It remains Overbought. Daily uptrend resumed.<\/p>\n

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The long term Barometer added 2.80 to 64.80. It remains Overbought. Daily uptrend resumed.<\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer added 1.90 to 77.25. It remains Overbought. Daily uptrend resumed.<\/p>\n

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The long term Barometer added 0.95 to 83.89. It remains Overbought. Daily uptrend resumed.<\/p>\n

<\/a><\/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 Wednesday January 7th 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\u2019s amended bid to acquire the company. Gamestop added $0.58 to $21.24 after the company approved a performance based […]<\/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-191710","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191710","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=191710"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191710\/revisions"}],"predecessor-version":[{"id":191718,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191710\/revisions\/191718"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=191710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=191710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=191710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}