EB Daily Market Report - Friday, January 2, 2026

Dear Members:

Happy New Year from the EB Team! We can't express enough how your support has helped to put us in an excellent position to continue to serve the EB community as we have for the past 22 years. Thank you.

Next, we are now just one day away from MV2026 where Tom Bowley will reveal his thoughts for 2026. As a reminder, our Market Vision events are exclusively for our annual members so if you are currently a trial or monthly member you can still register for the event. Simply click on the following link if you want to participate in our "Event of the Year!" 

https://www.earningsbeats.com/public/Market-Vision-2026-Registration.cfm?awt_a=hVXo&awt_l=KqaWh&awt_m=fyy1TDbJ.uh6hXo

Please note also, all annual members will receive a recorded copy of the event so no worries if you are unable to attend the live event. Plus you will receive room instructions prior to the start of the event.

As it pertains to the market, we're off to a choppy start with both the S&P and NASDAQ retreating from session highs as traders begin to lock in profits that they put off last year. It's certainly not panic selling - the VIX is flat - but not totally unexpected given some big gains on certain stocks into the end of 2025.

Right now the S&P is sitting just below its 20 day moving average and slightly above its 50 day which is currently at 6804. Interestingly, that is right near the level the S&P was when Tom sent out his caution email to members at the beginning of December. In other words, traders have been unwilling to commit additional capital after enjoying solid gains for the year.

The current trading range is pretty well defined with that all time high of 6945 as resistance and the 50 day at 6804 as support. Until one of those goes, expect the S&P to continue to trade in a fairly narrow range.

Tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins