ETF Technical Update – January 22, 2026: SPY Hits Strong Buy as Broad Market Strength Holds
Hi everyone, Joe here with the latest daily scan of my favorite ETFs using a basket of classic technical indicators (MACD, RSI, Stochastic, Money Flow, Parabolic SAR, and others). These are the same tools I’ve been tracking for years as a hobbyist – nothing fancy, just trying to spot trends early.
Today’s big headline: the SPY (S&P 500 ETF) strengthened to a STRONG BUY overall, with especially bullish readings in the longer 20-30 day windows. That’s an upgrade from yesterday. The broader market ETFs (DIA, QQQ, IJH, etc.) are still mostly positive, though a few small-cap and sector readings cooled a bit.
Bonds remain neutral, gold shows a mild positive tilt, and many individual sectors are mixed or neutral. Leveraged ETFs (TQQQ, UPRO, URTY) are mostly neutral – a reminder that leverage amplifies everything, including sideways moves.
Consensus Signal Table – January 22, 2026
Short-term = 5-15 days out
Long-term = 20-30 days out
Overall = all six time frames combined
Avg Historical Accuracy = simple average of past correct calls for that ETF across all periods.
| ETF | Short-Term (5-15 days) | Long-Term (20-30 days) | Overall | Avg Back-Testig Accuracy |
|---|---|---|---|---|
| SPY | BUY | STRONG BUY | STRONG BUY | 82.6% |
| DIA | BUY | weak buy | BUY | 80.1% |
| QQQ | NEUTRAL | BUY | BUY | 79.8% |
| IJH | weak buy | weak buy | BUY | 78.5% |
| JNK | NEUTRAL | BUY | BUY | 74.8% |
| XES | weak buy | weak buy | BUY | 74.5% |
| XHB | weak buy | BUY | BUY | 78.6% |
| XHS | NEUTRAL | BUY | BUY | 71.2% |
| XLP | weak buy | weak buy | BUY | 77.3% |
| XRT | weak buy | BUY | BUY | 72.9% |
| GLD | weak buy | weak buy | weak buy | 76.4% |
| IWM | weak buy | weak buy | weak buy | 79.8% |
| KBE | NEUTRAL | weak buy | weak buy | 73.9% |
| UPRO | NEUTRAL | weak buy | weak buy | 79.1% |
| URTY | NEUTRAL | weak buy | weak buy | 76.4% |
| XBI | NEUTRAL | weak buy | weak buy | 76.6% |
| XLE | weak buy | NEUTRAL | weak buy | 75.6% |
| XLF | NEUTRAL | weak buy | weak buy | 75.6% |
| XLI | weak buy | NEUTRAL | weak buy | 79.1% |
| XLV | NEUTRAL | weak buy | weak buy | 80.9% |
| XLY | weak buy | NEUTRAL | weak buy | 76.0% |
| BND | weak buy | weak sell | NEUTRAL | 76.3% |
| TQQQ | NEUTRAL | NEUTRAL | NEUTRAL | 75.3% |
| XLB | NEUTRAL | NEUTRAL | NEUTRAL | 79.2% |
| XLK | NEUTRAL | NEUTRAL | NEUTRAL | 77.7% |
| XLRE | NEUTRAL | NEUTRAL | NEUTRAL | 75.5% |
| XLU | NEUTRAL | NEUTRAL | NEUTRAL | 79.2% |
| XME | NEUTRAL | NEUTRAL | NEUTRAL | 78.4% |
| XOP | weak buy | weak sell | NEUTRAL | 76.0% |
Key Changes from Yesterday (January 21)
- SPY upgraded to STRONG BUY overall – very encouraging.
- QQQ slipped from STRONG BUY to BUY (short-term cooled).
- IWM, KBE, XBI, XLF, XLV softened slightly but still lean positive or neutral.
- XLB and XLRE improved from weak sell to neutral.
- XOP moved from BUY to neutral.
As always, these are just mechanical readings from my indicator suite – no guarantees. The historical accuracy numbers (70-83% range) are back-tested on past data, but markets can turn quickly. I’m not a financial advisor; this is purely for educational fun.
See you tomorrow with the next update!
– Joe
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