Tech Talk for Friday January 30th 2026

U.S. equity index futures were lower this morning. S&P 500 futures were down 37 points at 8:35 AM EST.

S&P 500 futures were unchanged following release of the December Producer Price Index at 8:30 AM EST. Consensus was a 0.3% increase versus a 0.2% increase in November. Actual was a 0.5% increase. Excluding food and energy, consensus was a 0.3% increase in December versus a 0.2% increase in November. Actual was a 0.7% increase

Apple (AAPL) dropped $1.78 to $256.50 despite reporting higher than consensus fiscal first quarter revenues and earnings.

Sandisk (SNDK) jumped $125.95 to $665.25 after reporting higher than consensus fiscal second quarter earnings.

Visa (V) dropped $3.24 to $328.56 despite reporting higher than consensus fiscal first quarter revenues and earnings.

KLA Corp (KLAC) dropped $134.71 to $1,550.00 despite reporting higher than consensus fiscal second quarter revenues and earnings.

EquityClock's Market Outlook for January 30th

Crypto carnage providing a warning for the prospects of the Technology sector ahead amidst the pro-cyclical uptick to start the year. See:

https://equityclock.com/2026/01/29/stock-market-outlook-for-january-30-2026/

Technical Notes

Communication SPDRs (XLC) moved above $118.87 to an all-time high extending an intermediate uptrend thanks mainly to strength in Meta Platform.

First Trust Natural Gas ETF (FCG) moved above $25.50 extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Royal Caribbean (RCL) on a move above $364.14, Diamondback Energy (FANG) on a move above $164.44, ConocoPhillips (COP) on a move above $103.48, Meta Platform (META) on a move above $710.42, Texas Instruments (TXN) on a move above $218.15, ExxonMobil (XOM) on a move above $138.47, Honeywell (HON) on a move above $225.21, FedEx(FDX) on a move above $318.83 and Simon Properties (SPG) on a move above $189.05, Seasonal influences are favourable for Diamondback Energy until April 12th, for Texas Instruments until June 5th and for Honeywell until March 10th. See seasonality charts at www.EquityClock.com

S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Palo Alto Networks (PANW) on a move below $295.18, Cadence Design Systems (CDNS) on a move below $295.18 and Automatic Data Processing (ADP) on a move below $245.60.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for January 29th 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 29th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for January 29th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

7000 Is Historic But the REAL Story Is What's Improving Underneath! Tom Bowley

Editor's Note: Note seasonality comment on the energy sector!

7000 Is Historic But the REAL Story Is What's Improving Underneath! - YouTube

A Bloody Thursday After $MSFT Reports: Guy Adami, Dan Nathan and Liz Thomas

A Bloody Thursday After $MSFT Reports - YouTube

The Biggest Investing Mistake Right Now: Ignoring Global Markets: ValueTrendCanada

The Biggest Investing Mistake Right Now: Ignoring Global Markets - YouTube

IS THE COLLAPSE STARTING? Gold Surges as the Dollar Hits a 15-Year Breakdown Zone: Verified Investing

IS THE COLLAPSE STARTING? Gold Surges as the Dollar Hits a 15-Year Breakdown Zone - YouTube

Simeon Hyman (ProShares): The Fed's "Last Mile," the Dollar, and Diversification

David Keller

Simeon Hyman (ProShares): The Fed's "Last Mile," the Dollar, and Diversification - YouTube

Avoiding "Monolithic" Investments & Measuring International ETF Inflows: Liz Ann Sonders

Avoiding "Monolithic" Investments & Measuring International ETF Inflows - YouTube

Beyond the U.S.: Finding Opportunity in a Shifting Global Market: Nine Point Partners

Beyond the U.S.: Finding Opportunity in a Shifting Global Market - YouTube

Why classic bear market signals are quietly reappearing in 2026: Interactive Brokers

Why classic bear market signals are quietly reappearing in 2026 - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.80 to 64.00. It remains Overbought.

The long term Barometer slipped 0.40 to 66.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 1.83 to $73.39. It remains Overbought. Daily trend has turned down.

The long term Barometer was unchanged at 80.73. It remains Overbought. Daily trend remains 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.