AI comeback

Outlook 12/22: Stock futures rise on Monday, spurred by a rise in technology shares, to start a shortened holiday week. AI stocks enjoyed a resurgence last week after their recent underperformance. Shares of Oracle, a major laggard, jumped after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private-equity firm Silver Lake. Nvidia also made a comeback. However, investors are watching to see whether AI stocks can retain their leadership heading into the year-end, especially as investors rotate into cheaper parts of the market amid concerns about lofty tech valuations. There’s also doubt about whether a “Santa Claus rally” will materialize, as the SP500 struggles to hold a key technical level. The New York Stock Exchange will close early on Wednesday at 1pm ET on Christmas Eve and will be closed Thursday for Christmas Day.

ESH26 (Mar2026): YVAH 6892 YPOC 6888 YVAL 6871 GAP 6889

/ES Plan: Last session market closed bullish (PBT 6955), and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above HVE 6911 with bullish internals/delta, buy towards HVE 6931 and ON-ATH 6955 magnet.

B) If market moves below HVE 6911 with bearish internals/delta, sell towards GAP 6889 and YVAL 6871 magnets.

Note: Today's triple witching day, which refers to the simultaneous expiration of stock options, market index options and market index futures. The event can lead to higher volatility and more trading volumes, with high-frequency traders trying to take advantage for quick arbitrage opportunities. It happens four times a year with much of the increases in activity taking place during the first hour (80%) and last hour (20%) both known as the "witching hours." 

Market Movers

13:00 ET US sells $69 bln 2-Year Notes

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