12/20/2025
12/22 Cautiously Bullish. 510 Buying | 200 Selling.
% Stocks Over 50SMA is Bullish. Primary Indicator is Neutral. 20% Weekly is Neutral.
Tech-led rally extends into year-end with solid participation; major indices hold above key moving averages amid broad sector gains.
Information Technology (+2.0%) and Health Care (+0.7%) sectors show strength, while Utilities and Consumer Staples lag; volatility (VXX) declines, signaling reduced fear.
Upcoming Catalyst: $69B 2-year Treasury auction Monday; Tuesday’s Q3 GDP and durable goods data will be key for market direction.
Key Takeaway:
Focus on tech and biotech momentum names that are holding key support levels and showing relative strength, while avoiding defensive sectors and precious metals miners which are under pressure. Use tight stops below recent supports and consider scaling into strength after shallow pullbacks. Monitor Treasury auctions and GDP data as potential volatility triggers early in the week.
Watchlist
[Continuation]: CIEN (S1: 229, S2: 227, S3: 226, R1: 231.5, R2: 233, R3: 235.5)
[Anticipation]: CASY (S1: 555.5, S2: 554.5, S3: 553.5, R1: 557.5, R2: 560, R3: 563)