Podcast
Next Day Prep #177: Tech Titans Lead, Divergence Deepens – Tuesday 12/23/2025
Key takeaways
- With tomorrow being a half-day session, traders should approach the market cautiously due to thin volume. Focus on quick profits and stay vigilant, especially in breakout trades like WBD and CYBN. Keep a close eye on the SPY’s support at 687.50 as a key level for market direction.
- Stay safe and trading smart in the holiday trading environment!
Next Day Prep: Tech Titans Lead, Divergence Deepens
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to Next Day Prep, What We Are Watching Tomorrow! Today, the market showed a mixed picture despite the S&P 500 hitting a fresh record high, closing at 6,909.79. The tech giants led the rally while the broader market struggled, creating a divergence in performance.
Overnight Headlines
- Q3 GDP growth surprises with a robust 4.3% exceeding expectations.
- Bond market reacts as yields rise, hinting at inflation concerns.
- Novo Nordisk (NVO) sees a significant surge of over 7% on FDA approval of Wegovy pill.
Economic Announcements
The strong Q3 GDP growth and rising yields signal a potential shift in market sentiment towards growth stocks despite inflation concerns.
Earnings Highlights
Novo Nordisk’s (NVO) approval of the Wegovy pill brings hope for a rebound in the stock after a challenging year.
Top Movers
- Watch for strength in NVO following the FDA approval.
- SPY support at 687.50 and resistance at 688.20; QQQ support at 621.50 and resistance at 622.50.
Quick Trade Ideas
Trading opportunities to consider:
- Biotech: Keep an eye on CYBN for a potential breakout above 7.93.
- Media: Monitor WBD for a continuation breakout above 29.28.
- Gold: GLD could offer a steady move if it holds above 413.
- Industrial: POWL shows relative strength, watch for a move above 339.30.