{"id":191821,"date":"2026-01-11T13:54:48","date_gmt":"2026-01-11T18:54:48","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=191821"},"modified":"2026-01-12T08:57:41","modified_gmt":"2026-01-12T13:57:41","slug":"tech-talk-for-monday-january-12th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/11\/tech-talk-for-monday-january-12th-2026\/","title":{"rendered":"Tech Talk for Monday January 12th 2026"},"content":{"rendered":"<p><em><font size=\"5\"><strong>Pre-opening Comments for Monday January 12<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em><b>U.S. equity index futures were lower this morning.<\/b> S&amp;P 500 futures were down 36<\/em><a name=\"_GoBack\"><\/a><em> points at 8:30 AM EST. Index futures moved lower after the U.S. Justice Department announced a criminal investigation on cost overruns for renovation of the Federal Reserve\u2019s headquarters building.<\/em><\/p>\n<p><em><b>Gold<\/b> advanced $90.00 to an all-time high at US$4,598.00 per ounce partially in response to the Justice Department\u2019s actions.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image001-6.png\"><em><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-6.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><b>Capital One Financial<\/b> dropped $20.06 to $229.10 and <b>American Express<\/b> dropped $16.84 to $358.77 after President Trump proposed a 10% cap interest rate on credit card loans.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image0021-2.png\"><em><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002[1]\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image0021_thumb-2.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image003-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image003\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image003_thumb-5.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><em><font size=\"5\"><strong>EquityClock\u2019s Market Outlook for January 12<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><b><em>Climbing the Wall to 7000: Support Holds as Warning Signals Emerge. See: <\/em><\/b><\/p>\n<p><a href=\"https:\/\/equityclock.com\/2026\/01\/09\/stock-market-outlook-for-january-12-2026\/\"><em>https:\/\/equityclock.com\/2026\/01\/09\/stock-market-outlook-for-january-12-2026\/<\/em><\/a><\/p>\n<p><em><\/em><\/p>\n<p><em><font size=\"4\"><strong><font size=\"5\">Technical Scoop<\/font> from David Chapman and <\/strong><\/font><\/em><a href=\"http:\/\/www.EnrichedInvesting.com\"><em><font size=\"4\"><strong>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n<p><b><em>Danger shrugged, investment incentive, stock attraction, K economy, expected jobs, precious wins, flat oils. See:<\/em><\/b><\/p>\n<p><a href=\"https:\/\/enrichedinvesting.com\/library\/\"><em>https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n<p><font size=\"5\"><strong><\/strong><\/font><\/p>\n<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>Focuses this week are on fourth quarter reports released by major U.S. banks. The sector moved higher last week in anticipation of strong fourth quarter earnings gains triggered by widening interest rate spreads.<\/b><\/p>\n<p><font size=\"5\"><strong>Earnings and Revenues Consensus for S&amp;P 500 companies<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.factset.com\">www.factset.com<\/a><\/p>\n<p><b>Analyst earnings and revenue estimates recorded slight changes last week<\/b><\/p>\n<ul>\n<li>Consensus for<b> fourth quarter 2025 <\/b>earnings gains remained at 8.3%. Consensus for revenue growth increased to 7.7% from7.6%. <b>For all of 2025, <\/b>consensus for<b> <\/b>earnings gains increased to 12.4% from 12.3%. Consensus for revenue gains remained at7.0%.<\/li>\n<li>Consensus for <b>first quarter 2026<\/b> calls for a 12.6% earnings increase, down from a 13.1% increase last week. Revenue gains increased to 8.3% from a previous 8.2% gain.<\/li>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains remained at 14.6%. Consensus for revenue gains increased to 7.4% from 7.3%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings calls for a 14.9% gain, up from 14.7% last week. Consensus for revenue gains increased to 6.6% from 6.5%<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings calls for an 18.3% gain, up from18.1% last week. Revenue gains increased to 7.4%, up from 7.2% last week.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings growth slipped to 14.9% from 15.0%. Consensus for revenue gains increased to 7.3% from 7.2%.<\/li>\n<li><\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p><b>December U.S. Consumer Price Index<\/b> released at 8:30 AM EST on Tuesday is expected to increase 0.2% versus 0.3% in November. On a year-over-year basis, December CPI is expected to increase 2.7% versus 2.7% in November. <b>Excluding food and energy<\/b>, December CPI is expected to increase 0.3% versus 0.2% in November. On a year-over-year basis, core CPI is expected to increase 2.7% versus 2.6% in November.<\/p>\n<p><b>October U.S. New Home Sales<\/b> released at 10:00 AM EST on Tuesday are expected to drop to 715,000 from 800,000 in September<\/p>\n<p><b>November U.S. Retail Sales<\/b> released at 8:30 AM EST on Wednesday are expected to increase 0.4% versus no change in October. <b>Excluding auto sales<\/b>, November Sales are expected to increase 0.4% versus a 0.4% increase in October. <\/p>\n<p><b>November U.S. Producer Price Index<\/b> released at 8:30 AM EST on Wednesday is expected to increase 0.3% versus a 0.3% increase in October.<\/p>\n<p><b>December Existing Home Sales<\/b> released at 10:00 AM EST on Wednesday are expected to increase to 4.25 million units from 4.13 million units in November.<\/p>\n<p><b>Beige Book<\/b> is released at 2:00 PM EST on Wednesday.<\/p>\n<p><b>January Empire State Manufacturing Survey<\/b> released at 8:30 AM EST on Thursday is expected to improve to 1.0 from -3.9 in December.<\/p>\n<p><b>January Philly Fed Survey<\/b> released at 8:30 AM EST on Thursday is expected to improve to<\/p>\n<p>-4.0 from -8.8 in December. <\/p>\n<p><b>December U.S. Industrial Production<\/b> released at 9:15 AM EST on Friday is expected to increase 0.2% versus a 0.2% increase in November. <\/p>\n<p><b>December U.S. Capacity Utilization<\/b> released at 9:15 AM EST on Friday is expected to be unchanged from November at 76.0.<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image002-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image002_thumb-5.png\" width=\"244\" height=\"213\" \/><\/a><\/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_image004-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image004_thumb-5.png\" width=\"244\" height=\"244\" \/><\/a><\/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_image006-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image006_thumb-5.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 9<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image008-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image008_thumb-5.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 9<sup>th<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image010-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image010_thumb-5.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>Red: Decrease from previous day<\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for January 9<sup>th<\/sup> 2025<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image012-6.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-6.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>Technical Notes for Friday<\/strong><\/font><\/p>\n<p><b>Materials SPDRs<\/b> (XLB) moved above $43.73 to an all-time high extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image013-2.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-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Homebuilders SPDRs<\/b> (XHB) moved above $110.11 resuming an intermediate uptrend. Seasonal influences are favourable 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_image014-5.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-5.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Consumer Discretionary<\/b> SPDRs (XLY) moved above $123.39 to an all-time high extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image015-4.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-4.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Cdn.CapREIT iShares<\/b> (XRE.TO) moved above Cdn$16.24 resuming an intermediate uptrend. Seasonal influences are favourable until March 7<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_image016-5.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-5.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>S&amp;P 100 and NASDAQ 100 stock moving above resistance extending intermediate uptrends included <b>Intel<\/b> (INTC) on a move above $44.02, <b>Dow <\/b>(DOW) on a move above $22.67<b>, Alphabet<\/b> (GOOGL) on a move above $328.62 to an all-time high, <b>Home Depot<\/b> (HD) on a move above $366.30, <b>Honeywell<\/b> (HON) on a move above $208.37, <b>ADP<\/b> (ADP) on a move above $267.85 and <b>Colgate<\/b> (CL) on a move above $81.35. Seasonal influences are favourable for Home Depot until January 31<sup>st<\/sup>, for Honeywell until March 10<sup>th<\/sup> and for Colgate until (March 31<sup>st<\/sup> See seasonality charts 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_image017-3.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-3.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image018-4.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-4.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>TSX 60 stocks moving above resistance to all-time highs extending intermediate uptrends included <b>Suncor<\/b> (SU.TO) on a move above Cdn$63.51 to an all-time high, <b>Franco-Nevada<\/b> (FNV.TO) on a move above Cdn$314.11 and US$225.21 and <b>Agnico-Eagle<\/b> (AEM.TO) on a move to an all-time high on above Cdn$262.80 and US $187.07. Seasonal influences are favourable for Franco-Nevada until May 24<sup>th<\/sup> and for Agnico-Eagle until May 6<sup>th<\/sup>. See seasonality charts 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_image019-2.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-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image020-2.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-2.png\" width=\"244\" height=\"152\" \/><\/a><\/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 10<sup>th<\/sup> (Includes an interview with Mark Leibovit).<\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/\">https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/<\/a><\/p>\n<p><b>Black Swan Events in 2026: Mark Leibovit<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/what-black-swan-events-to-worry-about-in-2026-mark-leibovit\/\">https:\/\/www.howestreet.com\/2026\/01\/what-black-swan-events-to-worry-about-in-2026-mark-leibovit\/<\/a><\/p>\n<p><b>Will the Fed Continue to Cut Rates? Tim Wood<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/will-the-fed-continue-to-cut-rates-tim-wood\/\">https:\/\/www.howestreet.com\/2026\/01\/will-the-fed-continue-to-cut-rates-tim-wood\/<\/a><\/p>\n<p><b>Mike Wilson: The Bullish Signals Worth Watching: Guy Adami, Dan Nathan and Mike Wilson<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=udPgnySNJR4\">Mike Wilson: The Bullish Signals Worth Watching \u2013 YouTube<\/a><\/p>\n<p><b>Emerging Markets Could Keep Surging: Goldman Sachs<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=cyH9k5Nz5qE\">Emerging Markets Could Keep Surging \u2013 YouTube<\/a><\/p>\n<p><b>CHART THIS with Dave Keller | Jan 8, 2026: Cathie Wood\u2019s Bull Case and the Technical Reality<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=Bqg5Q_0VMj4\">CHART THIS with Dave Keller | Jan 8, 2026: Cathie Wood\u2019s Bull Case and the Technical Reality \u2013 YouTube<\/a><\/p>\n<p><b>Did the Venezuela Raid Screw Canada? | In the Money with Amber Kanwar<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=sMamDcN1Ivw\">Did the Venezuela Raid Screw Canada? | In the Money with Amber Kanwar \u2013 YouTube<\/a><\/p>\n<p><b>Panic in Canadian Oil Stocks &amp; Why We\u2019re Buying: <\/b><b>Ninepoint<\/b><b> Partners<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=6yZeSl5sogI\">Panic in Canadian Oil Stocks &amp; Why We\u2019re Buying \u2013 YouTube<\/a><\/p>\n<p><b>Major Trade Alerts As The S&amp;P 500 Wedge is Snapping: Are You Prepared? Verified Investing<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=8HVEI05AWIM\">Major Trade Alerts As The S&amp;P 500 Wedge is Snapping: Are You Prepared? \u2013 YouTube<\/a><\/p>\n<p><b>Tom Lee: Why a Midyear Market Pullback Is Likely<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=CgXQbgxtV2Y&amp;t=81s\">Tom Lee: Why a Midyear Market Pullback Is Likely \u2013 YouTube<\/a><\/p>\n<p><b>Chart of the Day: Alphabet<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=PwBREL8z_Gg\">Chart of the Day: Alphabet \u2013 YouTube<\/a><\/p>\n<p><b>2026 will see a potential 15-20% pullback in stocks, before a rebound: Fundstrat analyst<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=HvPJ_EVmqxE\">2026 will see a potential 15-20% pullback in stocks, before a rebound: Fundstrat analyst \u2013 YouTube<\/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_image021-2.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-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 2.40 on Friday and gained 13.00 last week to 72.20. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image022-2.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-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer added 1.60 on Friday and gained 7.00 last week to 67.60. It remains Overbought. Daily uptrend was extended. <\/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_image023-1.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-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 3.21 on Friday and gained 5.43 last week to 79.36. It remains Overbought. Daily uptrend was extended.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image024-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image024\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image024\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image024_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer added 0.46 on Friday and gained 1.46 last week to 84.40. 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 12th U.S. equity index futures were lower this morning. S&amp;P 500 futures were down 36 points at 8:30 AM EST. Index futures moved lower after the U.S. Justice Department announced a criminal investigation on cost overruns for renovation of the Federal Reserve\u2019s headquarters building. Gold advanced $90.00 to an all-time [&hellip;]<\/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-191821","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191821","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=191821"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191821\/revisions"}],"predecessor-version":[{"id":191829,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/191821\/revisions\/191829"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=191821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=191821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=191821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}