{"id":192312,"date":"2026-01-29T09:01:37","date_gmt":"2026-01-29T14:01:37","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=192312"},"modified":"2026-01-29T09:01:37","modified_gmt":"2026-01-29T14:01:37","slug":"tech-talk-for-thursday-january-29th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/01\/29\/tech-talk-for-thursday-january-29th-2026\/","title":{"rendered":"Tech Talk for Thursday January 29th 2026"},"content":{"rendered":"

Pre-opening Comments for Thursday January 29th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 15 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures added 2 points following release of the U.S. November Trader report<\/b> released at 8:30 AM EST. Consensus was a $42.9 billion deficit versus a $29.4 billion deficit in November. Actual was a $56.8 billion deficit<\/em><\/p>\n

Meta Platform<\/b> (META) an S&P 100 stock moved above $27.72 to $696.28 after reporting higher than consensus fourth quarter revenues and earnings. <\/em><\/p>\n

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IBM<\/b> (IBM) gained $21.84 to $316.50 after reporting higher than consensus fourth quarter results. Seasonal influences are favourable until March 31st<\/sup>. See seasonality chart at <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

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Tesla<\/b> (TSLA) advanced $13.88 to $444.34 after reporting higher than consensus fourth quarter revenues and earnings.<\/em><\/p>\n

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Microsoft <\/b>dropped $17.12 to $464.30 despite reporting higher than consensus second quarter revenues and earnings. Its Azure division reported less than consensus results.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for January 29th<\/sup><\/strong><\/font><\/em><\/p>\n

Treasury yields are firming above the neckline to a head-and-shoulders bottoming pattern, threatening to weigh on high valuation stocks (e.g. Technology) through their period of seasonal weakness later in February. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/01\/28\/stock-market-outlook-for-january-29-2026\/<\/em><\/a><\/p>\n

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

Responses to the FOMC decision on interest rates<\/strong><\/font><\/p>\n

The FOMC decided at 2:00 PM EST yesterday to maintain its Fed Fund Rate at 3.50%-3.75%. Responses after 2:00 PM were as follows:<\/p>\n

Long term U.S. government bond prices<\/b> and related ETF prices<\/b> (e.g. TLT) moved higher.<\/p>\n

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S&P 500 Index and NASDAQ 100 units<\/b> (QQQ) were virtually unchanged<\/p>\n

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U.S. Dollar Index ETN<\/b> (UUP) moved lower. <\/p>\n

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Conversely, the Canadian Dollar <\/b>moved higher.<\/p>\n

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S&P Bank SPDRs<\/b> (KBE) were mixed<\/p>\n

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Gold prices and gold stock prices<\/b> moved higher.<\/p>\n

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

NASDAQ 100 units<\/b> (QQQ) moved above $636.19 to an all-time high extending an intermediate uptrend.<\/p>\n

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Hong Kong iShares<\/b> (EWH) moved above $23.32 to an all-time high extending an intermediate uptrend.<\/p>\n

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CGI Group<\/b> (GIB.A.TO) a TSX 60 stock moved below Cdn$117.54 and US$83.83 extending an intermediate downtrend.<\/p>\n

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Couche Tard <\/b>(ATD.TO) a TSX 60 stock moved below Cdn$71.61 setting 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 28th<\/sup> 2026<\/p>\n

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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 28th<\/sup> 2026<\/p>\n

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Green: Increase from previous day<\/font> <\/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 28th<\/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

Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts: David Keller<\/b><\/p>\n

Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts (stockcharts.com)<\/a><\/p>\n

S&P Hits 7000, Fed Decision + Tech Earnings Bonanza | $META $AAPL $MSFT $TSLA<\/b><\/p>\n

Guy Adami and Dan Nathan<\/b><\/p>\n

S&P Hits 7000, Fed Decision + Tech Earnings Bonanza | $META $AAPL $MSFT $TSLA \u2013 YouTube<\/a><\/p>\n

Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts<\/b><\/p>\n

Dave Keller<\/b><\/p>\n

Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts \u2013 YouTube<\/a><\/p>\n

Bank of Canada leaves key rates as 2.25%: BNN<\/b><\/p>\n

Bank of Canada leaves key rates as 2.25% \u2013 YouTube<\/a><\/p>\n

Chances of market correction ‘substantially higher’ than expected<\/b><\/p>\n

Chances of market correction ‘substantially higher’ than expected \u2013 YouTube<\/a><\/p>\n

FOMC Holds Interest Rates in January Meeting, Road Ahead for 2026<\/b><\/p>\n

FOMC Holds Interest Rates in January Meeting, Road Ahead for 2026 \u2013 YouTube<\/a><\/p>\n

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

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

The intermediate term Barometer dropped 4.80 to 62.20. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 67.20. It remains Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 3.67 to 75.23. It remains Overbought. Daily trend is down.<\/p>\n

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The long term Barometer dropped 0.46 to 80.73. It remains Overbought. Daily trend is down. <\/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 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EST. S&P 500 futures added 2 points following release of the U.S. November Trader report released at 8:30 AM EST. Consensus was a $42.9 billion deficit versus a $29.4 billion deficit […]<\/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-192312","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192312","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=192312"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192312\/revisions"}],"predecessor-version":[{"id":192313,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/192312\/revisions\/192313"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=192312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=192312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=192312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}