Pre-opening Comments for Tuesday December 9^th

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EST.

Nvidia advanced $4.43 to $190.00 after President Trump approved the sale of H200 chips to China.

Toll Brothers dropped $2.95 to $133.25 after the company reported less than consensus fiscal fourth quarter earnings.

Pepsico added $0.61 to $145.63 after announcing plans to boost sales and cut costs in 2026.

Next Canadian Society for Technical Analysis Meeting

Next meeting is scheduled tonight at 8:00 PM EST. Speaker on Zoom is Raymond Rondeau. Presentation is available for member only. New members are welcome. Contact www.canadiancata.org.

EquityClock’s Market Outlook for December 9^th

Canadian Labour market data is providing important insight on how to position portfolios into the end of 2025 and through the start of 2026. See:

https://equityclock.com/2025/12/06/stock-market-outlook-for-december-8-2025/

BNN’s Market Call Today at Noon

Be sure to tune in to BNN’s Market Call Today at Noon.   Guest analyst is Hap Sneddon from Castlemoore

Technical Notes

Semiconductor iShares (SOXX) moved above $312.79 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 8^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 8^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 8^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is Market Rebound Bulls’ Last Ditch Effort? Tom Bowley

Is Market Rebound Bulls’ Last Ditch Effort? – YouTube

Expect a ‘hawkish cut’ from the Fed this week, says Wharton’s Jeremy Siegel

Expect a ‘hawkish cut’ from the Fed this week, says Wharton’s Jeremy Siegel – YouTube

Stocks Slide Ahead Of Fed Meeting: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=HQMo2mqbKr8

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.60 to 49.40. It remains Neutral.

The long term Barometer dropped 3.00 to 59.40. It changed from Overbought to Neutral on a drop back below 60.00.

TSX Momentum Barometers

The intermediate term Barometer added 0.47 to 65.40. It remains Neutral.

The long term Barometer added 0.47 to 82.94. It remains Overbought. Daily uptrend was extended.

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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