12/31 Bearish. 150 Buying | 190 Selling.
% Stocks Over 50SMA is Bearish. Primary Indicator is Bearish. 20% Weekly is Bearish.
The market drifted slightly lower with low volume and no fresh catalysts, as investors await the final 2025 session amid fading AI enthusiasm and cautious positioning.
Energy (+0.8%) led sector gains driven by oil and gas producers despite a slight crude oil pullback, while technology lagged with modest losses and late-day selling pressure; volatility (VXX) remained subdued, reflecting a calm risk environment.
Tomorrow’s key catalyst includes the December FOMC minutes release and weekly economic data (MBA Mortgage Index, Initial Claims), ahead of a shortened holiday week.
Key Takeaway:
Traders should remain cautious and avoid chasing breakouts amid the bearish tone and low volume. Focus on names showing steady accumulation and relative strength in defensives and healthcare, while steering clear of weak sectors like semiconductors and travel. Use tight stops near support levels and watch for confirmation on volume before entering new positions.
Watchlist
Continuation: HUBS (S1: 402, S2: 403.5, S3: 405, R1: 407, R2: 409.5, R3: 412.5)
Anticipation: EQIX (S1: 764, S2: 765.5, S3: 766, R1: 769, R2: 770, R3: 772)