Tech Talk for Tuesday December 2nd 2025
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EST.
Scotia Bank is expected to open higher after reporting higher than consensus fiscal fourth quarter earnings. Seasonal influences are favourable on a real and relative basis until March 7th . See seasonality chart at www.EquityClock.com
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/12/clip_image0014.png "clip_image001[4]")
Wal-Mart added$0.24 to an all-time high at $111.77 after reporting higher than consensus Black Friday sales.
![clip_image002[8]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/12/clip_image0028.png "clip_image002[8]")
MongoDB advanced $62.83 to $391.70 after reporting higher than consensus third quarter results. The company also raised fourth quarter guidance. Seasonal influences are favourable on a real and relative basis until mid-February. See seasonality chart at www.EquityClock.com
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/12/clip_image0034.png "clip_image003[4]")
Credo Technology advanced $30.95 to $202.08 after Bank of America and Stifel raised their target price on the stock.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/12/clip_image0044.png "clip_image004[4]")
EquityClock's Market Outlook for December 2nd
Post Thanksgiving week digestion continues to align with our seasonal playbook of how stocks should perform through year-end. See:
https://equityclock.com/2025/12/01/stock-market-outlook-for-december-2-2025/
Technical Notes
Global Metals iShares (PICK) moved above $47.57 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until January 7th. See seasonality chart at www.EquityClock.com .
Base Metals ETN (DBB) (equal weight in Copper, Zinc and Aluminum) moved above $22.05 extending an intermediate uptrend. Seasonal influences are favourable until March 2nd. See seasonality chart at www.EquityClock.com
Oil Service stocks and related ETFs (e.g. OIH) have a period of seasonal strength from December 11th to April.15. See seasonality chart at www.equityclock.com. Selected oil service stocks already are showing early signs of seasonal strength: Baker Hughes (BKR) a NASDAQ 100 stock moved above $50.68 to an all-time high extending an intermediate uptrend. Diamondback Energy (FANG) a NASDAQ 100 stock moved above $50.68 extending an intermediate uptrend. In Canada, Precision Drilling (PD.TO) moved above Cdn$85.45 extending an intermediate uptrend.
Natural Gas ETN (UNG) moved above $15.09 extending an intermediate uptrend.
Accenture (ACN) an S&P 100 stock moved above $255.44 extending an intermediate uptrend. Seasonal influences are favourable until January 15th. See seasonality chart at www.EquityClock.com
ASML Holding (ASML) a NASDAQ 100 stock moved above $1,085.37 and $1,086.11 to an all-time high extending an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for December 1st 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 1st 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for December 1st 2025
![clip_image002[6]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/12/clip_image0026.png "clip_image002[6]")
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Tom Lee: Why a Rocky Start to December Could Lead to a Year-End Rally
Tom Lee: Why a Rocky Start to December Could Lead to a Year-End Rally - YouTube
Hassett Eyed for FOMC Head & NVDA Invests $2B in SNPS: Schwab Network
Hassett Eyed for FOMC Head & NVDA Invests $2B in SNPS - YouTube
Crypto Catastrophe + Earnings Season Isn’t Over Yet! | $CRM $MRVL $CRWD: Guy Adami, Dan Nathan and Carter Worth
Crypto Catastrophe + Earnings Season Isn’t Over Yet! | $CRM $MRVL $CRWD - YouTube
Going From Mutual Funds to ETFs, Goldman Sachs To Pay $2B for Innovative Capital | ETF IQ 12/1/2025
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 5.80 to 53.40. It remains Neutral.
The long term Barometer dropped 1.20 to 60.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer dropped 3.79 to 67.77. It remains Overbought.
The long term Barometer added 0.47 to 81.52. 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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