{"id":190983,"date":"2025-12-03T20:40:27","date_gmt":"2025-12-04T01:40:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=190983"},"modified":"2025-12-04T08:53:20","modified_gmt":"2025-12-04T13:53:20","slug":"tech-talk-for-thursday-december-4th-2025-technical-notes","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/12\/03\/tech-talk-for-thursday-december-4th-2025-technical-notes\/","title":{"rendered":"Tech Talk for Thursday December 4th 2025 Technical Notes"},"content":{"rendered":"<p><em><font size=\"5\"><strong>Pre-opening Comments for Thursday December 4<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><em><\/em><\/p>\n<p><em><b>U.S. equity index futures were higher this morning<\/b>. S&amp;P 500 futures were up 8 points at 8:30 AM EST<\/em><\/p>\n<p><em><b>Salesforce.com<\/b> (CRM) advanced $20.00 to $258.81 after reporting higher than consensus third quarter earnings.<\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0011.png\"><em><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001[1]\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image001[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0011_thumb.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><b>Snowflake <\/b>(SNOW) dropped $13.49 to $250.30 after reporting less than consensus third quarter results. <\/em><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0021.png\"><em><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002[1]\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0021_thumb.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><b><em>Five <\/em><a name=\"_GoBack\"><\/a><em>Below<\/em><\/b><em> (FIVE) added $4.35 to $468.00 after reporting higher than consensus third quarter results.<\/em> <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0031.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003[1]\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image003[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0031_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><em><b>BMO Equal Weight Canadian Banks ETF<\/b> (ZEB.TO) is expected to open higher after Toronto Dominion Bank, Bank of Montreal and Commerce Bank released higher than consensus fiscal fourth quarter earnings. They also raised their dividend. Seasonal influences are favourable on a real and relative basis until the first week in March. See seasonality chart at <\/em><a href=\"http:\/\/www.EquityClock.com\"><em>www.EquityClock.com<\/em><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0041.png\"><em><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004[1]\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004[1]\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image0041_thumb.png\" width=\"244\" height=\"152\" \/><\/em><\/a><\/p>\n<p><em><font size=\"5\"><strong>EquityClock\u2019s Market Outlook for December 4<sup>th<\/sup><\/strong><\/font><\/em><\/p>\n<p><b><em>Interest rate optimism providing fuel to segments of the market that are sensitive to the cost of borrowing. See:<\/em><\/b><\/p>\n<p><a href=\"https:\/\/equityclock.com\/2025\/12\/03\/stock-market-outlook-for-december-4-2025\/\"><em>https:\/\/equityclock.com\/2025\/12\/03\/stock-market-outlook-for-december-4-2025\/<\/em><\/a><b><em> <\/em><\/b><\/p>\n<p><font size=\"5\"><strong><\/strong><\/font><\/p>\n<p><font size=\"5\"><strong>Technical Notes<\/strong><\/font><\/p>\n<p><b>Copper Miners<\/b> ETF (COP) moved above $66.20 to an all-time high extending an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until March 4<sup>th<\/sup>. See <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a> Notable strength within the group was <b>VALE (VALE)<\/b> on a move above $13.10 and <b>Rio Tinto<\/b> (RIO) on a move above $73.76. Seasonal strength for VALE is favourable until January 13<sup>th<\/sup><b>. <\/b>Seasonal strength for Rio Tinto is favourable until January 16<sup>th<\/sup> <b>Lundin Mining<\/b> (LUN.TO) added to strength in the sector by moving above Cdn$26.41 to an all-time high.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image001-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image001\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image001_thumb-3.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image002-2.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image002_thumb-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Oil Services ETF<\/b> (OIH) moved above $297.80, $303.77 and $304.89 extending an intermediate uptrend. Seasonal influences are favourable until April 15<sup>th<\/sup>. See seasonality chart at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image003-2.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image003\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image003_thumb-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Transportation Average iShares<\/b> (IYT) moved above $74.74 to an all-time high extending an intermediate uptrend. Leading the sector was strength by <b>U.S. Global Jets ETF<\/b> (JETS) on a move above $26.99 and $27.10 to a four year high. Seasonal influences for JETS are favourable until December 23<sup>rd<\/sup>. See seasonality chart at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image004-2.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image004_thumb-2.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>S&amp;P 100 and NASDAQ 100 stocks breaking resistance extending an intermediate uptrend included <b>Nike <\/b>(NKE) on a move above $65.83, <b>Marvell Technology<\/b> (MRVL) on a move above $98.13, <b>Coca Cola EuroPacific<\/b> (CCEP) on a move above $92.87, <b>US Bancorp<\/b> (USB) on a move above $49.98, <b>Morgan Stanley<\/b> (MS) on a move above $171.77, <b>Vertex (<\/b>VRTX) on a move above $442.22, <b>Old Dominion Freight Lines<\/b> (ODFL) on a move above $146.70 and <b>Wells Fargo<\/b> (WFC) on a move above $88.64. Seasonal influences are favourable for Marvell Technology until February 12<sup>th<\/sup>, on Old Dominion Freight Lines until March 13<sup>th<\/sup>, on Morgan Stanley until February 27<sup>th<\/sup> and Wells Fargo until December 23<sup>rd<\/sup> .See seasonality charts at <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a> . No S&amp;P 100 or NASDAQ 100 stocks broke intermediate support.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image005-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image005\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image005\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image005_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image006-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image006_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image008-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image008_thumb-1.png\" width=\"244\" height=\"210\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for December 3<sup>rd<\/sup> 2025<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image010-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image010_thumb-1.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><em>Source for all positive seasonality ratings: <\/em><a href=\"http:\/\/www.EquityClock.com\"><em>www.EquityClock.com<\/em><\/a><\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for December 3<sup>rd<\/sup> 2025<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image012-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image012_thumb-1.png\" width=\"244\" height=\"142\" \/><\/a><\/b><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font> <b><\/b><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for December 3<sup>rd<\/sup> 2025<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image014.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image014_thumb.png\" width=\"244\" height=\"165\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em>Red: Decrease from previous day<\/em><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Is a Major Move Setting Up? Nasdaq 100, Healthcare, Gold &amp; Bitcoin at Key Levels; Frank Cappelleri      <br \/><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=YTOW87U2wXU\">Is a Major Move Setting Up? Nasdaq 100, Healthcare, Gold &amp; Bitcoin at Key Levels \u2013 YouTube<\/a><\/p>\n<p><b>Microsoft Sell Pressure Drags On Markets: Guy Adami, Dan Nathan and Robinhood\u2019s Michael Obucina<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=NOWcjHYGCys\">Microsoft Sell Pressure Drags On Markets \u2013 YouTube<\/a><\/p>\n<p><b>StockCharts Insider: John Murphy\u2019s Law #8 \u2014 Know the Warning Signs (MACD)<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/stockcharts-insider-john-murphys-law-8-know-the-warning-signs-macd\/\">StockCharts Insider: John Murphy\u2019s Law #8 \u2014 Know the Warning Signs (MACD)<\/a><\/p>\n<p><b>David Keller&#8217;s December Playbook: 10 Charts You Should See<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=L6hrwfM8wkQ\">David Keller&#8217;s December Playbook: 10 Charts You Should See \u2013 YouTube<\/a><\/p>\n<p><b>Understanding Canadian tax brackets for 2026<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=_VEqX5UpdrU\">Understanding tax brackets for 2026 \u2013 YouTube<\/a><\/p>\n<p><b>RBC posts 29% Q4 profit jump: BNN<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=_o7H6EBuPAc\">RBC posts 29% Q4 profit jump \u2013 YouTube<\/a><\/p>\n<p><font size=\"5\"><strong>S&amp;P Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image015-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image015_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 3.00 to 54.40. It remains Neutral.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image016-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image016_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer added 2.80 to 61.40. It changed from Neutral to Overbought on a recovery above 60.00.<\/p>\n<p><font size=\"5\"><strong>TSX Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image017-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image017\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image017\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image017_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer slipped 0.95 to 67.77. It remains Overbought.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image018-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image018\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image018\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2025\/12\/clip_image018_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The long term Barometer was unchanged at 81.04. It remains Overbought.<\/p>\n<p><a name=\"_GoBack\"><\/a><\/p>\n<p><em><b>Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/em><\/p>\n<p><a href=\"http:\/\/www.equityclock.com\"><em>www.equityclock.com<\/em><\/a><em> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pre-opening Comments for Thursday December 4th U.S. equity index futures were higher this morning. S&amp;P 500 futures were up 8 points at 8:30 AM EST Salesforce.com (CRM) advanced $20.00 to $258.81 after reporting higher than consensus third quarter earnings. Snowflake (SNOW) dropped $13.49 to $250.30 after reporting less than consensus third quarter results. Five Below [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-190983","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/190983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=190983"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/190983\/revisions"}],"predecessor-version":[{"id":190993,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/190983\/revisions\/190993"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=190983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=190983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=190983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}