{"id":192010,"date":"2026-01-20T01:58:00","date_gmt":"2026-01-20T06:58:00","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=192010"},"modified":"2026-01-20T09:00:36","modified_gmt":"2026-01-20T14:00:36","slug":"tech-talk-for-tuesday-january-20th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/20\/tech-talk-for-tuesday-january-20th-2026\/","title":{"rendered":"Tech Talk for Tuesday January 20th 2026"},"content":{"rendered":"<p><em><font size=\"5\"><strong>Pre-opening Comments for Tuesday January 20<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em><b>U.S. equity index futures moved sharply lower this morning<\/b>. S&amp;P 500 futures were down 99 points at 8:30 AM EST. Index futures responded to President Trump\u2019s vow to buy or takeover Greenland.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image001-10.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-10.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><b>Gold<\/b> advanced $137.60 to $4733.00 per ounce in response to President Trump\u2019s comments. <\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image002-9.png\"><em><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-9.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><b>MMM<\/b> dropped $8.20 to $159.60 despite reporting higher than consensus fourth quarter results.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/clip_image003-9.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-9.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><em><font size=\"5\"><strong>EquityClock\u2019s Market Outlook for January 20<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em>Tailoring portfolios towards the strength in the industrial economy.&#160; We\u2019ll tell you what to focus on. See: <\/em><a href=\"https:\/\/equityclock.com\/2026\/01\/17\/stock-market-outlook-for-january-20-2026\/\"><em>https:\/\/equityclock.com\/2026\/01\/17\/stock-market-outlook-for-january-20-2026\/<\/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><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>Focuses this week are on fourth quarter reports released by Netflix and MMM on Tuesday, Johnson &amp; Johnson on Wednesday and Visa on Thursday.<\/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 small changes last week: <\/b>7% of companies have reported quarterly results to date. Another 35 companies (including four Dow Jones Industrial Average companies) are scheduled to report this week.<\/p>\n<ul>\n<li>Consensus for<b> fourth quarter 2025 <\/b>earnings gains slipped to 8.2% from 8.3%. Consensus for revenue growth increased to 7.8% from7.7%. <b>For all of 2025, <\/b>consensus for<b> <\/b>earnings gains was unchanged at 12.4%. Consensus for revenue gains increase to 7.2% from7.0%.<\/li>\n<li>Consensus for <b>first quarter 2026<\/b> calls for a 12.2% earnings increase, down from a 12.6% increase last week. Revenue gains remained at 8.3%.<\/li>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains remained at 14.6%. Consensus for revenue gains increased to 7.5% from 7.4%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings calls for a 14.8% gain, down from 14.9% last week. Consensus for revenue gains increased to 6.7% from 6.6%<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings calls for an 18.4% gain, up from18.3% last week. Revenue gains slipped to 7.3%, down from 7.4% last week.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings gains remained at 14.9%. Consensus for revenue gains remained at 7.3%.<\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p><b>October U.S. Construction Spending <\/b>released at 10:00 AM EST on Wednesday is expected to increase 0.1% versus a 0.2% gain in September.<\/p>\n<p><b>First Revision for Third Quarter U.S. GDP<\/b> released at 8:30 AM EST on Thursday is expected to be unchanged at 4.3% annual rate.<\/p>\n<p><b>November U.S. Personal Spending <\/b>released at 8:30 AM EST on Thursday is expected to increase 0.4% versus a 0.4% increase in October. <b>November U.S. Personal Income <\/b>is expected to increase 0.5% versus a 0.4% increase in October. <\/p>\n<p><b>November Core PCE Index<\/b> released at 8:30 AM EST on Thursday is expected to increase 0.2% versus a 0.2% increase in October.<\/p>\n<p><b>January Michigan Consumer Sentiment <\/b>released at 10:00 AM EST on Friday is expected to remain unchanged from December at 54.0<\/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\/sel-earnings-jan20.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"sel earnings jan20\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"sel earnings jan20\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/sel-earnings-jan20_thumb.jpg\" width=\"244\" height=\"203\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><font size=\"5\"><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/trader-corner-jan-20.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"trader corner jan 20\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"trader corner jan 20\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/trader-corner-jan-20_thumb.jpg\" width=\"244\" height=\"199\" \/><\/a><\/font><\/p>\n<p><font size=\"5\"><\/font><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for January 16<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/spx-jan-20.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"spx jan 20\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"spx jan 20\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/spx-jan-20_thumb.jpg\" width=\"244\" height=\"119\" \/><\/a><\/p>\n<p><em>Green: Increase from previous day<\/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 16<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/crb-jan-22.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"crb jan 22\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"crb jan 22\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/crb-jan-22_thumb.jpg\" width=\"244\" height=\"137\" \/><\/a><\/p>\n<p><b><\/b><\/p>\n<p><em>Green: Increase from previous day <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 January 16<sup>th<\/sup> 2025<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/xlk-jan-22.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"xlk jan 22\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"xlk jan 22\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/xlk-jan-22_thumb.jpg\" width=\"244\" height=\"167\" \/><\/a><\/p>\n<p><em>Green: Increase from previous day<\/em><\/p>\n<p><em>Red: Decrease from previous day<\/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\/changes-jan-20.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"changes jan 20\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"changes jan 20\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/changes-jan-20_thumb.jpg\" width=\"244\" height=\"236\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Mike\u2019s Money Talks for January 17<sup>th<\/sup> <\/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>Energy Markets at an Inflection Point: Oil Supply Tightens, Gas Opportunities Emerge<\/b><\/p>\n<p><b>NinePoint Partners<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=ckwAPggmUdE\">Energy Markets at an Inflection Point: Oil Supply Tightens, Gas Opportunities Emerge \u2013 YouTube<\/a><\/p>\n<p><b>Ark Invest CEO Cathie Wood on 2026 outlook: Expect strong deflationary pressures<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=_ngYkcJlot8\">Ark Invest CEO Cathie Wood on 2026 outlook: Expect strong deflationary pressures \u2013 YouTube<\/a><\/p>\n<p><b>Yields Signal Bond Market Trouble, Stocks Nearing Major Break, Institutions Keep Selling<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=KX-cMjcJtrE&amp;list=TLPQMTYwMTIwMjZ-A5NMs96LKg&amp;index=2\">Yields Signal Bond Market Trouble, Stocks Nearing Major Break, Institutions Keep Selling \u2013 YouTube<\/a><\/p>\n<p><b>Technology\u2019s Sideways Market Is Hiding a Big Shift: Mary Ellen McGonagle<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/technology-sideways-market-hiding-a-big-shift\/\">Technology\u2019s Sideways Market Is Hiding a Big Shift (stockcharts.com)<\/a><\/p>\n<p><b>Market Leadership Is Narrowing \u2014 What\u2019s Still Working? Mary Ellen McGonagle<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/market-leadership-is-narrowing-whats-still-working\/\">Market Leadership Is Narrowing \u2014 What\u2019s Still Working? (stockcharts.com)<\/a><\/p>\n<p><b>Overbought Stocks to Avoid: Mark Leibovit<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/overbought-stocks-to-avoid-mark-leibovit\/\">https:\/\/www.howestreet.com\/2026\/01\/overbought-stocks-to-avoid-mark-leibovit\/<\/a><\/p>\n<p><b>What Will Cause Copper Demand to Double?: Bob Hoye<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/what-will-cause-copper-demand-to-double-bob-hoye\/\">https:\/\/www.howestreet.com\/2026\/01\/what-will-cause-copper-demand-to-double-bob-hoye\/<\/a><\/p>\n<p><b>Trading Desk Notes for January 17, 2026: Victor Adair<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/01\/trading-desk-notes-for-january-17-2026\/\">https:\/\/www.howestreet.com\/2026\/01\/trading-desk-notes-for-january-17-2026\/<\/a><\/p>\n<p><font size=\"5\"><strong>Technical Notes from Friday<\/strong><\/font><\/p>\n<p><b>U.S. Real Estate iShares <\/b>(IYR) moved above $97.84 extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-13.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-13.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b><\/b><b><\/b><\/p>\n<p><b><\/b><\/p>\n<p><b>Charter Communications<\/b> (CHTR) an S&amp;P 100 stock moved below $193.00 extending an intermediate downtrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-14.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-14.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b>Rogers Communications<\/b> (RCI.B.TO) a TSX 60 stock moved below Cdn$49.32 extending an intermediate downtrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-15.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-15.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b>Trimble <\/b>(TRMB) a NASDAQ 100 stock moved below $74.50 extending an intermediate downtrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-16.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-16.png\" width=\"244\" height=\"153\" \/><\/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\/image-17.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-17.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The intermediate term Barometer slipped 1.20 on Friday and eased 0.20 last week to 72.00. It remains Overbought.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-18.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-18.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The long term Barometer slipped 1.40 on Friday and added 1.40 last week to 69.00. 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\/image-19.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-19.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 2.75 on Friday and gained 6.42 last week to 85.78. It remains Overbought. Daily uptrend was extended.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image-20.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/01\/image_thumb-20.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The long term Barometer slipped 0.92 on Friday and gained 0.92 last week. 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 Tuesday January 20th U.S. equity index futures moved sharply lower this morning. S&amp;P 500 futures were down 99 points at 8:30 AM EST. Index futures responded to President Trump\u2019s vow to buy or takeover Greenland. Gold advanced $137.60 to $4733.00 per ounce in response to President Trump\u2019s comments. MMM dropped $8.20 to [&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-192010","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192010","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=192010"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192010\/revisions"}],"predecessor-version":[{"id":192018,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192010\/revisions\/192018"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=192010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=192010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=192010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}