Tech Talk for Friday December 12th 2025

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Technical Notes

U.S. sector and market indices and their related ETFs broke to all-time highs: S&P 500 SPDRs broke above previous closing high at $687.39, S&P 500 Equal Weight ETF (RSP) broke above $192.33, Dow Jones Industrial Average SPDR (DIA) broke above $483.79, S&P Industrial SPDRs (XLI) broke above $156.99, S&P Financial SPDR (XLF) broke above $54.49, S&P Midcap SPDR (MDY) broke above $616.67, Russell 2000 iShares moved above $252.77 Gold Miners ETF (GDX) moved above $85.08 and Silver Miners ETF (SIL) moved above $80.72.

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International ETFs breaking to all-time highs included EAFE iShares (EFA) on a move above $96.69, Mexico iShares (EWW) on a move above $69.68, South Africa iShares (EZA) on a move above $69.38, TSX Global Gold iShares (XGD.TO) on a move above Cdn$51.48 and Global Base Metals iShares (XBM.TO) on a move above Cdn$28.48

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S&P 100 and NASDAQ 100 stocks breaking resistance extending intermediate uptrends included: Royal Caribbean, Trade Desk, Old Dominion Freight Line, United Parcel Service and Alcoa

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Trader’s Corner

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Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 11th 2025

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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 11th 2025

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 11th 2025

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Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Worried About the Market? Move Here Instead: David Keller

https://www.youtube.com/shorts/LIoDTWbH1hY

The Rotation No One Wants to Talk About — And Why It’s a Warning: Tom Bowley

https://www.youtube.com/watch?v=5MIO-c_3-bQ

Santa Rally or Trap? TSX & S&P at Year-End Highs: ValueTrendCanada

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

Did The Fed Just Admit They Messed Up? Guy Adami, Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=OnZgr-hPF2M

Canada’s economy could face rocky start to 2026: Financial Post

https://www.youtube.com/watch?v=mddUpA0KZyQ

S&P 500 Momentum Barometers

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The intermediate term Barometer jumped 6.00 to 60.60. It changed from Neutral to Overbought.

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The long term Barometer added 3.40 to 63.40. It changed from Neutral to Overbought on a move above 60.00.

TSX Momentum Barometers

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The intermediate term Barometer added 0.47 to 66.35. It remains Overbought.

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The long term Barometer slipped 0.47 to 81.04. 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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