<p>标准普尔 500 指数在周四的常规交易中保持了低点，并在周五开盘铃声后小幅上涨。这些盘中回撤足以带来快速的盘中收益，特别是当明显看到纳斯达克的领导地位开始减弱时（我指的是盘中）——这表明广泛的市场宽度正在扩大，因为标准普尔 500 指数仍在盘中不断创出新高。</p>
<p>在突破 6,850 后（首次在盘前达到这一点提供了一个短线做空的机会——只有在开盘铃声后这一水平才被突破），市场在 6,889 以下进行整固——而这一水平在交易后半段也被突破。</p>
<p>半导体和消费品在收盘前被抛售——与纳斯达克、生物科技或小盘股不同，这表明最后一周的消息足够好，圣诞老人反弹可以在接下来的两个缩短的交易周进入初始阶段——是时候向机构展示他们的投资组合中确实有 2025 年的赢家了（你好，NVDA 当天几乎上涨了 4%——不过我明确表示，最终我们在 ORCL 会有一个不错的日子，这对科技股来说更为重要）。波动率指标已经下降，周三的单边抛售已完全被抹去。</p>
<p>关于日本央行的所谓震撼消息——你看到日元自那以来贬值了吗？我们在周五见证了重要的股市转折。</p>
<p><img src="https://imageproxy.pbkrs.com/https://monicakingsley.co/wp-content/uploads/2025/12/STS-2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="985" height="586" original-src="https://imageproxy.pbkrs.com/https://monicakingsley.co/wp-content/uploads/2025/12/STS-2.png"/></p>
<hr/>
<p><em>更多来自此作者：</em></p>
<p>零售牛市陷阱</p>
<p>楼梯上升，电梯下降</p>
<p>鹰派如鹰派般</p>

甲骨文

<p>标准普尔 500 指数表现出韧性，维持了更高的盘中高点，暗示可能出现圣诞老人行情。纳斯达克的领导地位减弱，而 NVDA 和 ORCL 表现良好。市场突破了关键水平，半导体和消费品在收盘时被抛售。波动性下降，日本银行的影响微乎其微。股市在周五出现了显著的转变</p>

<p>S&amp;P 500 held Thursday‘s regular session lows, and just rose after Friday‘s opening bell. Those intraday retreats were just good enough for quick intraday gains, particularly as it became apparent that Nasdaq leadership is starting to wane (intraday, I mean) – that‘s a sign of broadening breadth as S&amp;P 500 still kept making higher highs intraday.</p>
<div class="lb-trans"><p>标准普尔 500 指数在周四的常规交易中保持了低点，并在周五开盘铃声后小幅上涨。这些盘中回撤足以带来快速的盘中收益，特别是当明显看到纳斯达克的领导地位开始减弱时（我指的是盘中）——这表明广泛的市场宽度正在扩大，因为标准普尔 500 指数仍在盘中不断创出新高。</p>
</div><p>After 6,850 was overcome (reaching it first premarket provided one of those shorting opportunities – only after the opening bell was the level broken), the market was consolidating below 6,889 – and that level too was overcome in the latter half of the session.</p>
<div class="lb-trans"><p>在突破 6,850 后（首次在盘前达到这一点提供了一个短线做空的机会——只有在开盘铃声后这一水平才被突破），市场在 6,889 以下进行整固——而这一水平在交易后半段也被突破。</p>
</div><p>Semis and discretionaries were sold into the closing bell – unlike Nasdaq, biotech or smallcaps, which is a sign good enough that the final full week‘s message is that Santa Claus rally can enter its opening stage over the next two shortened weeks – time to show for institutions that they have 2025 winners in their portfolio after all (hello NVDA scoring almost 4% on the day – I was clear though that finally we‘ll have a fine day in ORCL, and that‘s way more important for tech as such at the moment). Volatility metrics have declined, and Wednesday‘s one-way flush was fully erased.</p>
<div class="lb-trans"><p>半导体和消费品在收盘前被抛售——与纳斯达克、生物科技或小盘股不同，这表明最后一周的消息足够好，圣诞老人反弹可以在接下来的两个缩短的交易周进入初始阶段——是时候向机构展示他们的投资组合中确实有 2025 年的赢家了（你好，NVDA 当天几乎上涨了 4%——不过我明确表示，最终我们在 ORCL 会有一个不错的日子，这对科技股来说更为重要）。波动率指标已经下降，周三的单边抛售已完全被抹去。</p>
</div><p>So much for the BoJ supposed shocker – did you see how the yen depreciated since? We’ve seem an important stock market turn Friday.</p>
<div class="lb-trans"><p>关于日本央行的所谓震撼消息——你看到日元自那以来贬值了吗？我们在周五见证了重要的股市转折。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://monicakingsley.co/wp-content/uploads/2025/12/STS-2.png" alt="" original-src="https://monicakingsley.co/wp-content/uploads/2025/12/STS-2.png"/></p>
<hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者：</em></p>
</div><p>Retail Bull Trap</p>
<div class="lb-trans"><p>零售牛市陷阱</p>
</div><p>Stairs Up, Elevator Down</p>
<div class="lb-trans"><p>楼梯上升，电梯下降</p>
</div><p>Hawkish As Hawkish Be</p>
<div class="lb-trans"><p>鹰派如鹰派般</p>
</div>

圣诞老人正在敲门