Technical Notes

Semiconductor ETF SMH moved above $302.98 to an all-time high. Semiconductor iShares SOXX moved above $255.06 extending an intermediate uptrend.

U.S. Broker-Dealer iShares (IAI) moved above $177.93 to an all-time high extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends include AbbVie (ABBV) on a move above $214.80 to an all-time high, Lam Research (LRCX) on a move d above $111.70 to an all-time, Warner Brothers Discovery (WBD) on a move above $13.86, Tesla (TSLA) on a move above $367.71 and KLA Corp (KLAC on a move above $957.18. Seasonal influences are favourable for Lam Research until January 10^th and for KLA Corp until January 25^th

TSX 60 stocks moving above resistance extending intermediate uptrends included

Brookfield (BN.TO) on a move above Cdn$98.42 to an all-time high, Power Corp (POW.TO) on a move above Cdn$59.00 to an all-time high, SNC Lavalin (ATRL.TO) on a move above Cdn$100.21 to an all-time, WSP Global (WSP.TO on a move above Cdn$289.94 to an all-time high and First Quantum Minerals (FM.TO) on a move above Cdn$25.96.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 11^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 September 11^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 11^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

US Economy Is Slowly Grinding to a Halt, Kelly Says

US Economy Is Slowly Grinding to a Halt, Kelly Says – YouTube

MRKT Call – Thursday, September 11^th: Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=lDmqx9Hwgwc

AI Stocks setting up for a tumble: Tom Bowley

https://stockcharts.com/tv/

S&P 500 Momentum Barometers

The intermediate term Barometer advanced 9.20 to 65.20. It changed from Neutral to Outperform on a move back above 60.00.

The long term Barometer added 5.00 to 67.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 2.72 to 73.33. It remains Overbought. Daily trend remains up.

The long term Barometer added 0.87 to 83.81. 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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