TML Report December 6, 2025

Market Overview

The major indexes have rallied over the last couple of weeks and are nearing their prior all-time highs. A little backing and filling here before an attempt at new highs would be ideal.

Most importantly, the health and breadth of the market’s traditional growth leadership have improved markedly. Hence, it is now prudent to begin adding exposure again. I currently have pilot positions in SNDK, VIAV, CIFR, HOOD, and TSLA—five of the six listed below.

As long as leadership continues to improve and the indexes act constructively, I plan to continue adding exposure, as opportunities present themselves.

QQQ

The NASDAQ has rallied over the last couple of weeks and looks like it could use a breather, which would be ideal before an attempt at new all-time highs.

SPY

Just like the NASDAQ, the S&P 500 has rallied over the last couple of weeks and looks like it could use a breather, which would be ideal before an attempt at new all-time highs.

IWM

The Russell 2000 has exhibited notable relative strength over the last couple of weeks, despite its relative weakness over the longer term.

DIA

The DOW has rallied with the other major indexes over the last couple of weeks and is trading just slightly below its prior all-time highs.

Focus List

SNDK

SNDK put in a higher low, just above its 50-day SMA three days ago, and looks ready to begin heading higher again.

VIAV

VIAV broke out to new all-time highs on heavy volume on Friday. I started a position at $17.72.