Technical Notes

BMO Emerging Markets ETF (ZEM.TO) moved below Cdn$26.80 completing a double top pattern.

U.S. Oil ETN (USO) moved below $66.98 extending an intermediate downtrend.

Chevron (CVX) a Dow Jones Industrial Average stock moved below $147.25 extending an intermediate downtrend.

Comcast (CMCSA) an S&P 100 stock moved above $28.28 completing a double bottom pattern. Seasonal influences are favourable until February 15^th. See seasonality chart at www.EquityClock.com

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 16^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 16^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 16^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

S&P 500: A 10% Correction Around the Corner? | Trading Places Live! December 16, 2025: Tom Bowley

S&P 500: A 10% Correction Around the Corner? | Trading Places Live! December 16, 2025 – YouTube

November Jobs Data Throws Wrench In The Market: Guy Adami and Dan Nathan

November Jobs Data Throws Wrench In The Market – YouTube

The Fed Just Printed $40 Billion: Guy Adami and Liz Thomas

The Fed Just Printed $40 Billion – YouTube

Our 2026 Outlook — Will 2026 Be the Year of the Horse… Or the Year of the Coyote?

Rosenberg Research

Our 2026 Outlook — Will 2026 Be the Year of the Horse… Or the Year of the Coyote? – YouTube

Change of Character Spotting the Shift From Downtrend to Uptrend Mastercard & Carnival : David Keller

Change of Character Spotting the Shift From Downtrend to Uptrend Mastercard & Carnival – YouTube

Economy to remain K-shaped in 2026, says Charles Schwab’s Sonders

Economy to remain K-shaped in 2026, says Charles Schwab’s Sonders – YouTube

Economy will ‘rev up’ in the first half of next year, says JPMorgan’s David Kelly

Economy will ‘rev up’ in the first half of next year, says JPMorgan’s David Kelly – YouTube

Market expectations for 2026 look pretty promising, says Morgan Stanley’s Chris Toomey

Market expectations for 2026 look pretty promising, says Morgan Stanley’s Chris Toomey – YouTube

Julius de Kempenaer on RRGs: Spotting Sector Rotation Before It Hits the Headlines

Julius de Kempenaer on RRGs: Spotting Sector Rotation Before It Hits the Headlines – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.20 to 57.00. It changed from Overbought to Neutral on a drop below 60.00.

The long term Barometer dropped 1.80 to 61.40. It remained Overbought.

TSX Momentum Barometers

The intermediate term Barometer was unchanged at 63.98. It remains Overbought.

The long term Barometer dropped 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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