The Bottom Line
The proverbial “Santa Claus Rally” by the S&P 500 Index from December 14th to January 6th continues.
Strong relative seasonal strength (relative to the S&P 500 Index) for the TSX Composite Index and its related ETFs (e.g. XIU.TO) also continues. Their historic period for outperformance relative to the S&P 500 Index is from December 14th to March 7th.
Economic News This Week
Nil
Selected Earnings News This Week
Nil
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 26th 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 26th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 26th 2025
Green: Increase from previous day
Red: Decrease from previous day
Changes last week
Technical Notes for Wednesday and Friday
S&P 500 iShares (XSP.TO) moved above Cdn$70.99 to an all-time high extending an intermediate uptrend. S&P 500 SPDRs (SPY) moved above $687.67 to an all-time high.
KLA Corp (KLAC) a NASDAQ 100 stock moved above $1,282.32 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until January 25th (and frequently to mid-February). See seasonality chart at https://charts.equityclock.com/kla-tencor-corporation-nasdaqklac-seasonal-chart
Merck (MRK) an S&P 100 stock moved above $104.94 extending an intermediate uptrend.
American International Group (AIG) an S&P 100 stock moved above $86.64 to a 16 year high extending an intermediate uptrend.
Links offered by valued providers
CO2 is Not Evil: Bob Hoye
This Week in Money: Ross Clark, Josef Schachter, Mark Leibovit
Larry Williams’ 2026 Market Forecast: Cycles, Risks, and Opportunities
https://www.youtube.com/watch?v=59vq5EMMPq8&list=PLyNJu-3PikrQesM0oG_fjjLkO2ZqC9IZM&t=28s
Top Stock Picks for 2026: 4 Big Ideas Revealed! ValueTrendCanada
https://www.youtube.com/watch?v=MAhMXz6eTIQ
Seasonality Flipped in 2025. What Happens: David Keller
https://www.youtube.com/shorts/E1pN8R5H8D0
Tom Lee on the Santa Rally and 2026 Outlook
Tom Lee on the Santa Rally and 2026 Outlook – YouTube
Trades And Analysis: Gold And Silver Continue Generational Surge, S&P Nears Epic Resistance: Verified Investing.
The AI Supercycle Is Repricing Natural Gas – Here’s Why It Matters for Investors: Martin Straith
Fed policy and the 2026 outlook: Here’s what you need to know: Steve Leisman
Fed policy and the 2026 outlook: Here’s what you need to know – YouTube
Top Retail Analyst Dana Telsey talks what will drive consumer spending in 2026
Top Retail Analyst Dana Telsey talks what will drive consumer spending in 2026 – YouTube
BIG SURPRISE?: A look into the 2026 stock market: Brian Levitt
BIG SURPRISE?: A look into the 2026 stock market – YouTube
The final trading stretch into year-end: Here’s what you need to know: CNBC
The final trading stretch into year-end: Here’s what you need to know – YouTube
Stocks, Bonds & Gold In 2026: Ed Yardini
Stocks, Bonds & Gold In 2026 – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 0.20 on Friday, but added 5.60 to 62.60 last week to 62.60. It changes last week from Neutral to Overweight on a move above 60.00. Daily uptrend was extended.
The long term Barometer was unchanged on Friday and gained 2.40 last week to 63.00. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer slipped 0.46 on Friday, but added 2.37 last week. It remains Overbought. Daily uptrend was extended.
The long term Barometer slipped 0.47 on Friday, but added 1.42 last week to 82.46. 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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Equity Clock Publications