Here's your update on US and Canadian markets, curated by Trading Central expert analysts! These are starting points for your own research to identify opportunities that make sense for you.
If you no longer wish to receive this alert via e-mail, you can unsubscribe.
Newsletter Header
 
Morning Brief
December 12, 2025
 
   
 
Pre-Market Session
US Snapshot
Canadian Snapshot
Market Outlook
Market Technicals
 
 
  Pre-Market Session  
 
 
Last Price Technical Views Target Pivot
 
S&P 500 (CME) 6,897.50
Bullish Read the analysis
6,915.00
6,882.00
 
 
S&P/TSX 60 (TMX) 1,855.10
Bullish Read the analysis
1,861.00
1,847.00
 
 
Dow Jones (CME) 48,849.00
Bullish Read the analysis
49,140.00
48,430.00
 
 
Nasdaq 100 (CME) 25,592.80
Bullish Read the analysis
25,730.00
25,460.00
 
 
Russell 2000 (CME) 2,596.80
Bullish Read the analysis
2,606.00
2,577.00
 
 
Crude Oil (WTI) 57.49
Bearish Read the analysis
57.10
58.15
 
 
Gold 4,338.00
Bullish Read the analysis
4,365.00
4,292.00
 
 
Copper (CME) 5.4905
Bullish Read the analysis
5.5475
5.4335
 
 
     
  Before the Bell  
 
 
U.S. market futures are mixed. On Thursday, the S&P 500 rose 14 points (+0.21%) to 6,901, and the Dow Jones Industrial Average jumped 646 points (+1.34%) to 48,704. Both indexes achieved record-high closing levels.

Meanwhile, the Nasdaq 100 fell 89 points (-0.35%) to 25,686.

Oracle (ORCL) plunged 10.83% on disappointing financial figures and worries regarding expenses.

No major stat is expected today in the U.S.

European indices are well oriented. On the stat side, U.K.'s GDP fell 0.1% in October on a monthly basis at the same pace as in September and vs a flat reading expected. Also, U.K.'s industrial production increased 1.1% in October vs +0.8% anticipated and -2.0% a month earlier.

Asian indices traded green, tracking Wall Street's gains.

WTI crude oil futures continue to lose ground, as investors focus on Russia-Ukraine peace talks.

Gold jumps, heading to a record weekly close while silver continues to mark new all-time highs.

Bitcoin keeps consolidating, currently trading around 92,000 dollars.
 
 
  US Snapshot  
 
 
Broadcom (AVGO), a chipmaker, drops after warning on its margins. However, quarterly financial figures beat estimates.

Lululemon Athletica (LULU), a designer of athletic accessories and apparel, soars after announcing its CEO will leave on January 31, 2026. Moreover, the company raised full-year guidance.

Costco Wholesale (COST), an operator of a chain of warehouse stores, edges lower after posting an earnings beat.

RH (RH), a home furnishing retailer, gains ground as quarterly sales topped expectations.
 
 
  Earnings Expected  
 
 
No major earnings expected
 
 
  Economic Calendar   US  
 
Time (UTC-5) Event Forecast Importance
 
08:00
Fed Paulson Speech
Medium
 
 
08:30
Fed Hammack Speech
Medium
 
 
10:35
Fed Goolsbee Speech
Medium
 
 
13:00
Baker Hughes Total Rigs Count (Dec/12)
Low
 
 
13:00
Baker Hughes Oil Rig Count (Dec/12)
Low
 
 
     
  Canadian Snapshot  
 
 
Canopy Growth (WEED), Organigram (OGI) and other cannabis producers surge as the Washington Post reported Donald Trump is expected to urge the government to substantially relax federal restrictions on marijuana.

Silvercorp Metals (SVM) and other silver miners gain ground as silver hits record high.

Dollarama (DOL)'s, a value retailer, target price was raised to 235 dollars from 210 dollars at TD Cowen.

Empire Co (EMP/A)'s, a conglomerate whose key businesses are food retailing and related real estate, target price was cut to 50 dollars from 58 dollars at TD Cowen.
 
 
  Earnings Expected  
 
 
No major earnings expected
 
 
  Economic Calendar   CA  
 
Time (UTC-5) Event Forecast Importance
 
08:30
Building Permits MoM (Oct)
0.3%
High
 
 
08:30
Wholesale Sales MoM Final (Oct)
0.3%
Low
 
 
08:30
Capacity Utilization (Q3)
79.2%
Low
 
 
08:30
New Motor Vehicle Sales (Oct)
169k
Low
 
 
     
  Market Outlook  
 
 
S&P 500 (CME)‎ (Z5)‎ Intraday: the upside prevails.
 
Pivot:
6882
 
Our preference:
Long positions above 6882 with targets at 6915 & 6945 in extension.
 
Alternative scenario:
Below 6882 look for further downside with 6860 & 6838 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
Analyst Views Chart
 
 
 
 
 
S&P/TSX 60 (TMX)‎ (Z5)‎ Intraday: the bias remains bullish.
 
Pivot:
1847
 
Our preference:
Long positions above 1847 with targets at 1861 & 1869 in extension.
 
Alternative scenario:
Below 1847 look for further downside with 1839 & 1831 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 
Analyst Views Chart
 
 
  Market Technicals  
 
  Technical Events (US)  
 
 
Ford Motor Co
13.63 USD
 
 
 
 
 
bullish 4
bullish 1
bullish 1
rating
 
 
 
 
Trading closed at 13.63 to confirm a Short-Term MACD pattern.
The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average. More Details
 
 
 
 
 
 
 
Oracle Corp
198.85 USD
 
 
 
 
 
bearish 2
bearish 3
bullish 1
rating
 
 
 
 
Trading closed at 198.85 to confirm a Short-Term Price Crosses Moving Average pattern.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). More Details
 
 
  Technical Events (CA)  
 
 
Andean Precious Metals Corp
10.19 CAD
 
 
 
 
 
bullish 3
bullish 2
bullish 1
rating
 
 
 
 
Trading closed at 10.19 to confirm an Intermediate-Term Ascending Continuation Triangle pattern.
Tells Me: The increasingly higher lows and constant highs within this pattern tell us that buyers are more aggressive than sellers, confirmed by a breakout through a resistance level to signal a continuation of the prior uptrend. More Details
 
 
 
 
 
 
 
Asante Gold Corp
2.03 CAD
 
 
 
 
 
bearish 2
bearish 2
neutral 0
rating
 
 
 
 
Trading closed at 2.03 to confirm a Short-Term Price Crosses Moving Average pattern.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). More Details
 
 
Banner Ad
     
 
 
  Twitter   LinkedIn   FaceBook  
 
 
 
 
If you no longer wish to receive this alert via e-mail, you can unsubscribe.

This email was brought to you by BMO InvestorLine Inc., an online brokerage dedicated to empowering you, the independent self-direct investor. Trade ideas are provided by Trading Central, the industry leader providing actionable investment research products for self-directed investors and traders.

The Morning Brief is for informational purposes only. The information contained in the Morning Brief, including the Morning Brief service messages, does not constitute advice or recommendation by Trading Central or BMO InvestorLine Inc. in respect of the investment in financial instruments. Your use of the Morning Brief service is subject to the Trading Central Terms of Use. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party.Investments should be evaluated relative to the individual's investment objectives and professional advice should be obtained with respect to any circumstance.

BMO InvestorLine Inc. is a member of BMO Financial Group. ®Registered trade-mark of Bank of Montreal, used under licence. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holding Inc. Member - Canadian Investor Protection Fund and Member of the Investment Industry Regulatory Organization of Canada. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO InvestorLine Inc., in providing wealth management products and services.

TRADING CENTRAL Terms and conditions

The information provided does not constitute, in any way, a solicitation or incentive to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and personal situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned.

Some translations have been generated or assisted by artificial intelligence (AI) tools. While efforts have been made to ensure accuracy and clarity, the translations may not be perfect. Users are encouraged to consult a native speaker or professional translator for critical or sensitive content.

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.

In the United States, TRADING CENTRAL AMERICAS, INC. is a Registered Investment Adviser (RIA) with the U.S. Securities and Exchange Commission (SEC) under IARD/CRD number 801-67210. Services are provided in the United States by TRADING Central Americas, Inc. TRADING Central will provide a copy of its most recent written disclosure statement without charge upon written request. Notwithstanding the foregoing paragraphs, nothing herein shall constitute a waiver or limitation of any U.S. person's rights under relevant U.S. federal or state laws.

In Asia, TRADING CENTRAL ASIA LTD has received a license (number AWI815) from the Hong Kong-based Securities and Futures Commission (SFC) to conduct “Type 4” and “Type 5” regulated activities (Advising on Securities and Futures).

TRADING CENTRAL recommends that you read the legal and regulatory information and warnings about the information provided by visiting the following link : terms_of_use_web_sites_en.pdf

Headquarters of the publisher : TRADING CENTRAL SA, 11 bis rue Scribe, 75009 Paris
RCS : PARIS B 423 512 607 VAT N° FR 174 235 12607
 
 
 
 
Client Logo
 
Trading Central
200-301 Moodie Dr.
Ottawa, ON, Canada K2H 9C4