{"id":191747,"date":"2026-01-07T20:19:49","date_gmt":"2026-01-08T01:19:49","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=191747"},"modified":"2026-01-08T08:52:32","modified_gmt":"2026-01-08T13:52:32","slug":"tech-talk-for-thursday-january-8th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/07\/tech-talk-for-thursday-january-8th-2026\/","title":{"rendered":"Tech Talk for Thursday January 8th 2026"},"content":{"rendered":"

Pre-opening Comments for Thursday January 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 9 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures slipped 3 points following release of the U.S. October Trade Deficit<\/b> at 8:30 AM EST. Consensus was $58.4 billion versus $52.8 billion in September. Actual was $29.4 billion.<\/em><\/p>\n

Constellation Brands<\/b> (STZ) gained $3.91 to $144.40 after reporting higher than consensus third quarter results.<\/em><\/p>\n

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Boeing<\/b> added $3.88 to $232.00 after Alaska Airlines ordered 150 Boeing 737 aircraft<\/em><\/p>\n

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<\/a><\/p>\n

Nvidia<\/b> advanced $0.68 to $189.85 on expectation that additional sales of its advanced chips to China will proceed.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for January 8th<\/sup><\/strong><\/font><\/em><\/p>\n

Short-term chart shows the S&P 500 Index trading within a narrowing rising range that ultimately culminates around the psychologically important 7000 level. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/01\/07\/stock-market-outlook-for-january-8-2026\/<\/em><\/a><\/p>\n

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

Healthcare SPDRs<\/b> (XLV) moved above $158.28 to an all-time high extending an intermediate uptrend<\/p>\n

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NASDAQ Biotech iShares<\/b> (IBB) moved above $174.21 to an all-time high extending an intermediate uptrend.<\/p>\n

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Breakouts by large cap health care and biotech stocks included Regeneron Pharmaceutical<\/b> (REGN) on a move above $174.21 to an all-time high, Biogen<\/b> (BIIB) on a move above$185.17, <\/p>\n

Eli Lilly<\/b> (LLY) on a move above $1111.99 to an all-time and Incyte<\/b> (INCY) on a move above $109.28 and $110.36 to an all-time high.<\/p>\n

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S&P 100 stocks moving below support extending intermediate downtrends included Kraft Heinz<\/b> (KHC) on a move below $23.33, Mondelez<\/b> (MDLZ) on a move below $50.54 and Pepsico<\/b> (PEP) on a move below $137.25.<\/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 7th<\/sup> 2026<\/p>\n

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Green: Increase from previous day<\/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 7th<\/sup> 2026<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for January 7th<\/sup> 2025<\/p>\n

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

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

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

Momentum Is Building \u2014 These Stocks Stand Out! Joe Rabil<\/b><\/p>\n

Momentum Is Building \u2014 These Stocks Stand Out! \u2013 YouTube<\/a><\/p>\n

The Bullish Signals That Investors Overlook: Mike Wilson from Morgan Stanley<\/b><\/p>\n

The Bullish Signals That Investors Overlook \u2013 YouTube<\/a><\/p>\n

Trump: I will not permit dividends or stock buybacks for defense companies<\/b><\/p>\n

Trump: I will not permit dividends or stock buybacks for defense companies \u2013 YouTube<\/a><\/p>\n

Mag7 Relative Strength: The Most Important Chart In The Market? Guy Adami and Dan Nathan<\/b><\/p>\n

Mag7 Relative Strength: The Most Important Chart In The Market? \u2013 YouTube<\/a><\/p>\n

Carter Worth: Bourbon, Charts & Bearish-to-Bullish Reversal: Danny Moses<\/b><\/p>\n

Carter Worth: Bourbon, Charts & Bearish-to-Bullish Reversals \u2013 YouTube<\/a><\/p>\n

‘Choppy’ 2026? Expert warns market volatility could lie ahead: Dan Niles<\/b><\/p>\n

‘Choppy’ 2026? Expert warns market volatility could lie ahead \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 4.80 to 61.60. It remains Overbought.<\/p>\n

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The long term Barometer dropped 3.00 to 61.80. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 6.16 to 71.09. It remains Overbought.<\/p>\n

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The long term Barometer dropped 2.84 to 81.04. 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 Thursday January 8th U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EST. S&P 500 futures slipped 3 points following release of the U.S. October Trade Deficit at 8:30 AM EST. Consensus was $58.4 billion versus $52.8 billion in September. Actual was $29.4 […]<\/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-191747","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191747","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=191747"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191747\/revisions"}],"predecessor-version":[{"id":191755,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191747\/revisions\/191755"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=191747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=191747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=191747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}