Tech Talk for Thursday January 15th 2026
Pre-opening Comments for Thursday January 15th
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:35 AM EST.
S&P 500 futures added 3 points following release of economic news at 8:30 AM EST. Consensus for the January Empire State Manufacturing Survey was an improvement to 1.0 from -3.9 in December. Actual was an increase to 7.7 Consensus for the January Philly Fed Index was an improvement to -4.5 from -10.2 in December. Actual was an improvement to 12.6.
Taiwan Semiconductor added $19.85 to $346.96 after releasing higher than consensus fourth quarter earnings.
Penumbra advanced $41.57 to $355.00 after Boston Scientific offered to purchase the company in a cash and stock deal valued at $14.5 billion.
Goldman Sachs dropped $22.22 to $910.35 despite reporting higher than consensus fourth quarter earnings..
EquityClock's Market Outlook for January 15th
The market is fleeing growth/technology for value, a phenomenon that is quite normal at this time of year. We'll tell you when to be on the lookout for growth opportunities ahead. See:
https://equityclock.com/2026/01/14/stock-market-outlook-for-january-15-2026/
Technical Notes
U.S. Oil ETN (USO) moved above $74.25 extending an intermediate uptrend. Seasonal influences are favourable until April 12th. See seasonality chart at www.EquityClock.com
TSX Energy iShares (XEG.TO) moved above Cdn$20.11 to an all-time high extending an intermediate uptrend. Trend changed from neutral to up
Chevron (CVX) a Dow Jones Industrial Average stock moved above $165.94 to an all-time high extending an intermediate uptrend.
Johnson & Johnson (JNJ) a Dow Jones Industrial Average stock moved above $215.18 to an all-time high extending an intermediate uptrend.
S&P 100 and NASDAQ 100 stocks moving below support setting/extending an intermediate downtrend included Microsoft (MSFT) on a move below $464.89, Marvell Technology (MRVL) on a move below $81.12, DocuSign (DOCU) on a move below $63.41 and Trip.com (TCOM) on a move below $68.65.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for January 14th 2026
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for January 14th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for January 14th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
MRKT Call – Wednesday, January 14th: Guy Adami, John Butters, Liz Thomas
MRKT Call – Wednesday, January 14th - YouTube
Fed’s beige book shows economic activity increased at slight to modest pace in most districts: Rick Santelli
CHART THIS with Dave Keller | Jan 13, 2026: Bitcoin Breaks $94K as Financials Face "Policy Whiplash"
Bank earnings kickoff: Hightower’s Stephanie Link on the key takeaways
Bank earnings kickoff: Hightower’s Stephanie Link on the key takeaways - YouTube
Pro Picks: Ed Yardeni's Highest-Conviction Ideas for 2026
Pro Picks: Ed Yardeni's Highest-Conviction Ideas for 2026 - YouTube
StockCharts Insider: The Untapped Edge Hiding in Your Moving Averages
StockCharts Insider: The Untapped Edge Hiding in Your Moving Averages
10 Year Yield at a Critical Juncture What Happens Next? Joe Rabil
10 Year Yield at a Critical Juncture What Happens Next? - YouTube
2026 Market Pullback: Why Holding Cash Could Pay Off: ValueTrendCanada
2026 Market Pullback: Why Holding Cash Could Pay Off - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.40 to 72.80. It remains Overbought.
The long term Barometer added 2.20 to 68.60. It remains Overbought. Daily uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer added 1.38 to 83.49. It remains Overbought. Daily uptrend was extended.
The long term Barometer was unchanged at 85.32. It remains Overbought.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com 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.
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