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Good Tuesday Morning, MPTraders! December 9, 2025-- Pre-Market Update:-- Today is the 236th trading day of 2025... 15 trading days remain after today into year-end, which is not much time for the underperforming equity managers...-- Tomorrow we get the FOMC policy decision, statement, and Powell press conference... According to the Kalshi betting market, the odds of a rate cut are at a historical high at 94%... BUT, according to the latest CNBC Survey, only 45% think the Fed should cut!...-- Today and tomorrow's trading activity should be muted with a negative technical bias ahead of decision time tomorrow afternoon at 2 PM ET...
Right now there is an interesting push/pull between profits and free cash flow. And this is not just in META — it’s present across the big five tech companies and more. Lyn Alden discussed this recently. What follows are excerpts from her post that highlight the financial tug-of-war between the two metrics. Then we will examine what the masses are telling us via the structure of price on the chart.
While the market had a “reasonable” ending diagonal potential to take us to new higher and complete a (c) wave, the night monkeys put one of their wrenches into the works and screwed that up. I mean, it’s not like a diagonal is such a reliable structure to begin with. But, it now leaves us in a no-man’s land within the market highs and the 6810SPX support. And, thus far, that support still seems to be holding. Yet, this overlapping action we have seen for all of December can be counted in a number of ways.
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