Market Stalls Ahead of Fed: Weak Breadth, Strong Silver | CHART THIS (Dec 9, 2025)

Описание: In this Tuesday episode of CHART THIS, Dave Keller breaks down a classic “grab defeat from the jaws of victory” kind of session as early gains faded into the close. The S&P 500 finished slightly in the red while the NASDAQ held just above the flat line, even as breadth and short-term indicators took a clear step back.

Dave walks through why the major indexes can sit near all-time highs while more and more stocks quietly roll over, what the VIX and McClellan Oscillator are signaling into the final Fed meeting of 2025, and why gold, silver, and select commodities and semiconductors are standing out amid the chop.

Topics Covered:
📊 S&P 500 and NASDAQ finish mixed after midday strength fades
📊 VIX edging higher but still in a “low-vol” regime
📊 Breadth weakening: over 50% of S&P above the 50-day, McClellan Oscillator near negative
📊 “Traffic light” framework for the S&P: 6550–6900 as the key range
📊 TLT’s head-and-shoulders top and rising Treasury yields into Fed week
📊 Gold’s coil vs. silver’s breakout, plus gold & silver miners in focus
📊 Narrow leadership: tech and semis (Broadcom, Applovin) vs. broader sector fatigue
📊 Meta vs. resistance, JP Morgan’s potential head-and-shoulders, GE’s transition to distribution

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