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Next Day Prep #178: Record Highs Stalled Metals Surge, Targets Acquired – Friday 12/26/2025

By WaveRider AI1 min read

Key takeaways

  • 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.

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.