Tech Talk for Wednesday January 28th 2026

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST.

U.S. focus today is on news from the FOMC meeting released at 2:00 PM EST. Consensus calls for no change in the Fed Fund Rate currently at 3.50%-3.75%. Federal Reserve Chairman Powell will update at a press conference at 2:30 PM EST.

Micron Technology (MU) advanced $8.22 to $418.46 after announcing expansion of memory chip production in Singapore.

Seagate Technology (STX) advanced $34.23 to $405.20 after reporting higher than consensus fourth quarter earnings.

ASML advanced $85.56 to $1,540.15 after reporting higher than consensus fourth quarter results.

Texas Instruments advanced $14.07 to $210.70 after the company issued first quarter guidance above consensus.

EquityClock's Market Outlook for January 28th

The US Dollar Index is breaking down.  We'll tell you where to focus portfolio exposure in this backdrop that is fairly normal for mid-term election years. See:

https://equityclock.com/2026/01/27/stock-market-outlook-for-january-28-2026/

Technical Notes

S&P 500 Index ($SPX) moved above 6,986.33 setting an all-time high. S&P 500 SPDRs (SPY) moved above $696.09 setting an all-time high

U.S. Dollar Index moved below 96.22 to a four year low extending a long term downtrend.

U.S. Healthcare Providers iShares (IHF) moved below $46.44 completing a double top pattern. Notable stocks in the sector breaking support setting intermediate downtrends included UnitedHealth Care (UNH), CVS Health (CVE) and Humana (HUM).

NextEra Energy (NEE) an S&P 100 stock moved above $86.94 to an all-time high. Seasonal influences are favourable until June 17th. See seasonality chart at www.EquityClock.com

Canadian energy stocks and related ETFs continued to move higher. Energy stocks in the TSX 60 Index breaking to new highs included Imperial Oil (IMO.TO) on a move above Cdn$140.40 to an all-time high, Cenovus Energy (CVE.TO) on a move above Cdn$26.15 and TC Energy (TRP.TO) on a move above Cdn$77.76 to an all-time high. Seasonal influences are favourable for Imperial Oil until April 30th. See seasonality chart at www.EquityClock.com

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 27th 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 27th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 27th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Big Tech Borrowing & The US Bond Market: Guy Adami, Dan Nathan and Danny Moses

Big Tech Borrowing & The US Bond Market - YouTube

It’s actually a sign of a healthy market that the capital is being spread around’: Cieszynski

‘It’s actually a sign of a healthy market that the capital is being spread around’: Cieszynski - YouTube

Here’s why the next 72 hours are critical for markets: CNBC

Here’s why the next 72 hours are critical for markets - YouTube

Stocks Close-In on Record as Dollar Slide Deepens: Cameron Dawson

Stocks Close-In on Record as Dollar Slide Deepens - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 2.80 to 67.00. It remains Overbought.

The long term Barometer dropped 1.80 to 67.20. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.46 to 78.90. It remains Overbought.

The long term Barometer dropped 1.38 to 81.19. It remains Overbought. Daily trend has turned down.

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.