Thinning Air Up There?

By Monica Kingsley of MonicaKingsley.co

Trader & Market Analyst • Dec 24, 2025 at 9:22 AM EST

Markets broke higher with steady buying led by the S&P 500, improving breadth, renewed strength in megacap tech, and concurrent gains in gold and silver, signaling favorable risk-reward into year-end.

S&P 500 gave us just the dip into Tuesday‘s opening bell, retail buying spree with a temporary retracement, and steady buying into the close. Such is the view following Friday‘s trend change that took both S&P 500 and Nasdaq over key resistances, and respective breadth characteristics tell the remainder of the story as much as bond market and volatility metrics.

Till year end I was clear, it‘s about risk-reward favorable long entry, with ES leading over NDX lagging (such was the essence of Monday‘s profitable call, and as Nasdaq had comparatively more limited upside potential than SPX yesterday, I wasn‘t touting tech either). In this respect, seeing NVDA up 3%, with AVGO, GOOGL, AMZN (and ORCL will not be too far behind) turning, is most encouraging – TSLA won‘t be that far behind, because robotics.

Gold and silver are likewise both bringing gains to clients as called, which I cautioned oil shorts to remain awake.

Merry Christmas once again – Friday, I‘ll publish intraday updates and into premium Telegram channels, with a regular article coming on the weekend as always.

More By This Author:

Santa Knocking On The Door
Retail Bull Trap
Stairs Up, Elevator Down

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Disclaimer: All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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