Weekend Report for Monday, December 8, 2025
Bottom Line:
The indices have come a long way fast, again, off the late November low. All are near their respective ATHs.
December, especially late December, is typically seasonally positive. We could easily see retracement from current levels prior to the expected FOMO ramp into the end of the year.
There is another Fed meeting on Wednesday and a rate cut is expected. Guidance by Powell in the press conference following the rate announcement will likely determine near term direction.
PDF: Weekend Report_2025_12_06
VIDEO: https://youtu.be/ntJKjIfFqRM
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SPX
Under an immediately bullish assumption the SPX should not close below the HVN that includes Thursday’s low at 6838-6825.
Upper KRA: 6890
Lower KRA: 6835-6825
NDX
Upper KRA: 25773-25892
Lower KRA: 25399-25345; 25084-25007
DOW
Upper KRA: 48262
Lower KRA: 47394-47243
NYA
Upper KRA: 21830
Lower KRA: 21554
RSP
Upper KRA:
Lower KRA: 190
RUT
Upper KRA:
Lower KRA: 2463
DOW Transports
The DOW Transports have joined the party. This has to go on the bullish side of the ledger.
VIX cratered to its lowest level since September late in the week.
Internals
The 10-day MA of NYSE advancing issues closed at its highest level since early July
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US Dollar – Weekly
No change: Choppy uptrend…
US 10-yr Notes – Weekly
Notes are in a well defined Balance Area.
Gold
Gold continues to confirm its bull market.
Crude – Weekly
Weekly lower lows and highs.
Bitcoin
