Technical Notes

Global Metals iShares (PICK) moved above $47.57 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until January 7^th. See seasonality chart at www.EquityClock.com .

Base Metals ETN (DBB) (equal weight in Copper, Zinc and Aluminum) moved above $22.05 extending an intermediate uptrend. Seasonal influences are favourable until March 2^nd. See seasonality chart at www.EquityClock.com

Oil Service stocks and related ETFs (e.g. OIH) have a period of seasonal strength from December 11^th to April.15. See seasonality chart at www.equityclock.com. Selected oil service stocks already are showing early signs of seasonal strength: Baker Hughes (BKR) a NASDAQ 100 stock moved above $50.68 to an all-time high extending an intermediate uptrend. Diamondback Energy (FANG) a NASDAQ 100 stock moved above $50.68 extending an intermediate uptrend. In Canada, Precision Drilling (PD.TO) moved above Cdn$85.45 extending an intermediate uptrend.

Natural Gas ETN (UNG) moved above $15.09 extending an intermediate uptrend.

Accenture (ACN) an S&P 100 stock moved above $255.44 extending an intermediate uptrend. Seasonal influences are favourable until January 15^th. See seasonality chart at www.EquityClock.com

ASML Holding (ASML) a NASDAQ 100 stock moved above $1,085.37 and $1,086.11 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 1^st 2025

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 December 1^st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 1^st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Tom Lee: Why a Rocky Start to December Could Lead to a Year-End Rally

Tom Lee: Why a Rocky Start to December Could Lead to a Year-End Rally – YouTube

Hassett Eyed for FOMC Head & NVDA Invests $2B in SNPS: Schwab Network

Hassett Eyed for FOMC Head & NVDA Invests $2B in SNPS – YouTube

Crypto Catastrophe + Earnings Season Isn’t Over Yet! | $CRM $MRVL $CRWD: Guy Adami, Dan Nathan and Carter Worth

Crypto Catastrophe + Earnings Season Isn’t Over Yet! | $CRM $MRVL $CRWD – YouTube

Going From Mutual Funds to ETFs, Goldman Sachs To Pay $2B for Innovative Capital | ETF IQ 12/1/2025

Going From Mutual Funds to ETFs, Goldman Sachs To Pay $2B for Innovative Capital | ETF IQ 12/1/2025 – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.80 to 53.40. It remains Neutral.

The long term Barometer dropped 1.20 to 60.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 3.79 to 67.77. It remains Overbought.

The long term Barometer added 0.47 to 81.52. It remains Overbought.

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

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