Next Day Prep: MU Breakout as Market Dips Next Hot Play
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to Next Day Prep! Today is Monday, December 29th, 2025. After a holiday break, the market opened the final week with a slight downturn, with the S&P 500 and the Nasdaq retreating about 0.4 percent from Friday’s record highs. Traders seemed to be locking in profits post the Santa Claus rally last week.
Overnight Headlines
- Nvidia, Palantir, and Tesla were among the big names that took a hit in today’s market.
- Micron Technology (MU) stood out by surging over 3 percent, showing significant relative strength even as semiconductor index dropped.
- Gold and Silver prices plummeted, dragging down the Materials sector.
- Energy sector was the day’s winner, with crude oil futures up 2.5% due to geopolitical tensions.
- VXX volatility index spiked, indicating investor hedging against volatility.
Economic Announcements
No specific economic announcements discussed in the podcast.
Earnings Highlights
- Praxis Precision Medicines (PRAX) soared 13% after receiving FDA Breakthrough Therapy Designation.
- Thermo Fisher (TMO) and PASG presented as potential breakout candidates with strong closing and volume metrics.
Top Movers
- Micron Technology (MU) showing strength amidst tech downturns.
- Gold and Silver prices plummeting, impacting the Materials sector.
- Energy sector emerging as the day’s winner amid geopolitical tensions.
Quick Trade Ideas
- Watch Micron for potential bullish continuation.
- Keep an eye on Thermo Fisher (TMO) and PASG for potential swing trades.
Key Takeaway
Exercise caution as the market exhibits profit-taking behavior with rising volatility. Monitor sector rotations, particularly out of Tech and into Energy. Keep tight stops on breakout plays like Micron, and respect the pullback while hunting for potential leaders during this Santa Claus rally period.
Good luck out there tomorrow, traders!