Next Day Prep: Record Highs Stalled Metals Surge, Targets Acquired
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Market Briefing – December 26, 2025
Intro & Market Mood
Welcome to Next Day Prep – What We Are Watching Tomorrow! The market saw a record high with the S&P 500 hitting 6,945. Volume was low due to the holiday trade, but the bulls remain in control.
Overnight Headlines
- NVDA (Nvidia): Up 1% on a $20B deal with Groq, boosting the Information Technology sector.
- Metals: Gold and Silver reached all-time highs, with materials sector leaders like FCX (Freeport-McMoRan) and NEM (Newmont) hitting fresh highs.
- Laggards: Consumer Discretionary slipped, with TSLA (Tesla) down 2% and profit-taking in cruise lines such as RCL (Royal Caribbean) and CCL (Carnival).
- News: TGT (Target) up 3% due to activist stake, while CPNG (Coupang) rose 6.5% on a positive cyber update.
Economic Announcements
No major economic announcements reported for this session.
Earnings Highlights
No specific earnings highlights to note for this briefing.
Top Movers
- SPY: Support at 690, resistance at 692.50.
- QQQ: Support at 623 in a sideways holiday chop.
- Silver (AGQ): Strong upward trend, eyeing a break above 200.
- Managed Care (ELV, UNH): Volume surge signaling potential for upside moves.
- VICR (Vicor): Potential continuation move if it breaks 111.65.
- MELI (MercadoLibre): Watching for a breakout above 2009.
Quick Trade Ideas
Traders advised to watch support at 690 on SPY, monitor Silver for a breakout, and consider rotation into Managed Care and Tech stock setups for potential opportunities.
Key Takeaway
Focus on key technical levels, follow the uptrend in precious metals, and be patient for trades to confirm with conviction in the current low-volume environment.