Pre-opening Comments for Wednesday December 10^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.

Focus today is on interest rates set by central banks. The FOMC is expected to lower the Fed Fund Rate from 4.00% to 3.75% at 2:00 PM EST. The Bank of Canada is expected to maintain its Overnight Lending Rate for major Canadian banks at 2.25%.

GameStop dropped $1.34 to $21.81 after reporting less than consensus third quarter revenues.

Match dropped $0.47 to $33.55 after the company’s CEO stepped down to start a new venture.

GE Verona advanced $37.20 to $662.50 after announcing a double in its dividend and an increased share purchase program.

CVS Healthcare added $0.35 to $78.59 after issuing positive guidance. Seasonal influences are favourable until March 16^th. See seasonality chart at www.EquityClock.com

EquityClock’s Market Outlook for December 10^th

Job openings and hires suggesting a cyclical tilt emerging and we want to be there for it.See:

https://equityclock.com/2025/12/09/stock-market-outlook-for-december-10-2025/

Technical Notes

U.S. Brokers iShares (IAI) moved above $179.84 to an all-time high extending an intermediate uptrend

U.S. Telecommunications iShares (IYZ) moved above $33.50 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 9^th 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 9^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 9^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Hap Sneddon’s Top Picks on BNN for December 9^th

https://www.bnnbloomberg.ca/video/shows/market-call/

Trading Places Live! December 9, 2025: Tom Bowley

Trading Places Live! December 9, 2025 – YouTube

The Next Big Breakouts: Sector Rotation Alert! ValueTrendCanada

The Next Big Breakouts: Sector Rotation Alert! – YouTube

MRKT Call – Tuesday, December 9^th: Guy Adami, Dan Nathan and Chris Verone

https://www.youtube.com/watch?v=2UD_DDk0cJs

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.80 to 47.60. It remains Neutral.

The long term Barometer dropped 1.40 to 58.00. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 0.95 to 66.35. It remains Overbought.

The long term Barometer was unchanged at 82.94. 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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