TML Report December 3, 2025 – The Strength Continues…

Market Overview

The NASDAQ and S&P 500 both closed higher again this afternoon. Today was their seventh up day out of the last eight sessions, as they continued to hold above their key moving averages.

More importantly, the health and breadth of leading growth stocks continued to improve, as the major indexes held up and exhibited strength.

At this point, the market has reestablished its uptrend, and leadership is looking healthy and broad enough to sustain a rally from here.

Indexes

QQQ

With a bit more sideways action above key support the NASDAQ looks like its setting up to move higher from here.

SPY

Just like the NASDAQ, the S&P 500 looks like its setting up to move higher from here, with a bit more sideways action above key support

IWM

The Russell 2000 exhibited strength as it continued to constructively consolidate just below its prior highs.

DIA

The DOW followed the other major indexes higher again and finished not too far off its prior all-time high.

Focus List

TSLA

After 3 days tight, sideways action above the 21-day SMA TSLA broke above its 50-day SMA today. Look to buy/add on weakness versus this key moving average.

HOOD

HOOD powerfully reclaimed its 50-day SMA as it continued its pattern of higher highs and higher lows, although volume could have been bigger.

RGTI

RGTI is breaking above its declining tops line after a notable dry up in volume around the lows, an indication that the sellers are likely done, after retesting the previous base breakout level.

AMGN

AMGN has consolidated constructively just below prior highs and appears to be setting up for a breakout through all-time highs, which could be the beginning of a big move higher.

ZYME

ZYME has held its 10-day SMA over the last couple days and looks ready to continue higher from here.

TERN

TERN has formed a high, tight flag pattern just below its all-time highs, which could lead to a significant move higher.

TS

Leading energy name TS is consolidating constructively just below its prior all-time high, where it appears to be setting up for a breakout.