<p>標準普爾 500 指數在週四的常規交易中保持了低點，並在週五開盤鈴聲後小幅上漲。這些盤中回撤足以帶來快速的盤中收益，特別是當明顯看到納斯達克的領導地位開始減弱時（我指的是盤中）——這表明廣泛的市場寬度正在擴大，因為標準普爾 500 指數仍在盤中不斷創出新高。</p>
<p>在突破 6,850 後（首次在盤前達到這一點提供了一個短線做空的機會——只有在開盤鈴聲後這一水平才被突破），市場在 6,889 以下進行整固——而這一水平在交易後半段也被突破。</p>
<p>半導體和消費品在收盤前被拋售——與納斯達克、生物科技或小盤股不同，這表明最後一週的消息足夠好，聖誕老人反彈可以在接下來的兩個縮短的交易周進入初始階段——是時候向機構展示他們的投資組合中確實有 2025 年的贏家了（你好，NVDA 當天幾乎上漲了 4%——不過我明確表示，最終我們在 ORCL 會有一個不錯的日子，這對科技股來説更為重要）。波動率指標已經下降，週三的單邊拋售已完全被抹去。</p>
<p>關於日本央行的所謂震撼消息——你看到日元自那以來貶值了嗎？我們在週五見證了重要的股市轉折。</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>更多來自此作者：</em></p>
<p>零售牛市陷阱</p>
<p>樓梯上升，電梯下降</p>
<p>鷹派如鷹派般</p>

甲骨文

<p>標準普爾 500 指數表現出韌性，維持了更高的盤中高點，暗示可能出現聖誕老人行情。納斯達克的領導地位減弱，而 NVDA 和 ORCL 表現良好。市場突破了關鍵水平，半導體和消費品在收盤時被拋售。波動性下降，日本銀行的影響微乎其微。股市在週五出現了顯著的轉變</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>標準普爾 500 指數在週四的常規交易中保持了低點，並在週五開盤鈴聲後小幅上漲。這些盤中回撤足以帶來快速的盤中收益，特別是當明顯看到納斯達克的領導地位開始減弱時（我指的是盤中）——這表明廣泛的市場寬度正在擴大，因為標準普爾 500 指數仍在盤中不斷創出新高。</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 後（首次在盤前達到這一點提供了一個短線做空的機會——只有在開盤鈴聲後這一水平才被突破），市場在 6,889 以下進行整固——而這一水平在交易後半段也被突破。</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>半導體和消費品在收盤前被拋售——與納斯達克、生物科技或小盤股不同，這表明最後一週的消息足夠好，聖誕老人反彈可以在接下來的兩個縮短的交易周進入初始階段——是時候向機構展示他們的投資組合中確實有 2025 年的贏家了（你好，NVDA 當天幾乎上漲了 4%——不過我明確表示，最終我們在 ORCL 會有一個不錯的日子，這對科技股來説更為重要）。波動率指標已經下降，週三的單邊拋售已完全被抹去。</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>關於日本央行的所謂震撼消息——你看到日元自那以來貶值了嗎？我們在週五見證了重要的股市轉折。</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>更多來自此作者：</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>樓梯上升，電梯下降</p>
</div><p>Hawkish As Hawkish Be</p>
<div class="lb-trans"><p>鷹派如鷹派般</p>
</div>

聖誕老人正在敲門