THE HOLIDAY FLOAT! 🎈 End-Of-Year Rally or Trap? 📉

Drew Dosek is back for Trading the Close! At 1:20 pm EST after the closing bell on the shortened holiday trading day, Drew will walk you through all the action in the markets—the biggest movers in the stock market, crypto, and commodities. Get a full recap of the price movement across markets with an analysis of the major stock indices and various financial sectors. Drew will also break down the charts of all the major assets that traded today, providing his expert technical analysis on everything from the Nasdaq to gold to Bitcoin, and much more! He will use chart analysis to reveal the support and resistance levels that offer trade setups for the following day(s) and weeks to come.

Today, the markets are experiencing the classic "Holiday Float." This cyclical occurrence happens almost every year as institutional volume thins out, leaving the market to drift higher on lighter retail-driven participation. This upward bias is further supported by end-of-year retirement account contributions, which provide a steady stream of passive buying pressure that can lift the major indices even in the absence of major catalysts. However, beneath this light-volume surface, several major technical stories are developing that could define the start of 2026.

📉 Major Movers & Technical Breakdowns: Intel’s 18A Setback ($INTC): Intel shares took a hit this morning following news that NVIDIA ($NVDA) has halted testing and decided not to proceed with Intel’s advanced 18A chips. This is a significant blow to investor sentiment, as many saw a potential NVDA partnership as the ultimate validation of Intel’s manufacturing turnaround. We analyze the technical fallout and where $INTC might find its next floor. Apple’s Warning Sign ($AAPL): We are closely watching a potential Head and Shoulders pattern forming on Apple. This bearish setup suggests that the "all-time high" euphoria may be masking a significant structural decline projected for 2026. We break down the "shoulder" levels you need to watch. Tesla’s Resilience ($TSLA): Despite a red day today, $TSLA remains technically constructive. The stock is still attempting to push toward its measured move target. We look at the chart to see if this dip is a "buy the rumor" opportunity or a sign of exhaustion. Broadcom’s Recovery ($AVGO): Broadcom has successfully re-established itself in the top 50% of its parallel channel. After the post-earnings breakdown, $AVGO is now attempting a critical retrace to the broken trendline. We identify the exact price targets for this "retest of the break."
🎯 Tickers and Markets Covered Today: We provide comprehensive technical analysis across indices, key stocks, crypto, and commodities to identify next-step trade levels. Indices & ETFs, Individual Tech Stocks, Commodities & Crypto: SPX, QQQ, SMH, IWM, INTC (18A News), Bitcoin, TSLA (Measured Move), Gold, Silver, AAPL (H&S Pattern), US Oil, AVGO (Channel Retrace), Natural Gas.

Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading stocks and options involves substantial risk, and you can lose money. Always conduct your own research and consult with a professional financial advisor.

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Right at the close of the market, Gareth will:
Review the day's winners and losers
Analyze the latest news and events
Offer their expert opinions on the market's direction

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