Day-Trading Scenarios for Jan 05, 2026

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After a decent short covering rally on Friday, the market remains calm and range bound. We expect volatility to increase and would take a 30-minute break out in either direction. If the market closes below 48575 it would signal the first downtrend since November 17th.

The first good support to consider a long is at 48490. Swing magnitude creeping up to 195.

The 2026 outlook for the Dow (and YM futures) is positive overall, supported by resilient earnings, AI-driven capex, and expected Fed easing, though tempered by policy uncertainty, sticky inflation risks, and high valuations.

• Earnings and Growth — Analysts project 12–15% earnings growth for broader indices, with AI productivity gains boosting margins. The Dow's value/cyclical mix could benefit from sector rotation away from pure tech concentration.

Crude did not react much to Venezuela news. Overall, crude remains in a weak multi-year trend, down over 20% in 2025 amid demand concerns and non-OPEC production growth.

ISM Manufacturing Index

10:00 AM ET

3-Month Bill Auction

11:30 AM ET

6-Month Bill Auction

11:30 AM ET

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DATE: 1/5/2026

TIME: 7:47 AM

HIGH: 48652

LOW: 48092

CLOSE: 48616

PIVOT: 48453

SUPPORT: 48424

RESISTANCE: 48830

SWING MAGNITUDE: 195

TIME OF COMMENT: 7:47 AM

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