Technical Notes

S&P 500 Index closed above its previous all-time closing high at 6,890.59

Aerospace & Defense ETF (PPA) moved above $160.37 to an all-time high extending an intermediate uptrend.

Leading the move in Aerospace & Defense was GE Aerospace (GE) an S&P 100 stock on a move above $316.67 to an all-time high.

Regeneron (REGN) a NASDAQ 100 stock moved above $790.98 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for December 23^rd 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 23^rd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for December 23^rd 2025

Green: Increase from previous day

Red: Decrease from previous day

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S&P 500 Momentum Barometers

The intermediate term Barometer added 0.60 to 61.80. It remains Overbought.

The long term Barometer slipped 1.00 to 62.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 0.47 to 73.46. It remains Overbought. Daily trend remains up.

The long term Barometer added 0.47 to 82.94. It remain 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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