Holiday Week's Bullish Tilt, GOOGL 3rd Biggest Company & Crypto Stock Rebound

Market Overview - The market is expected to experience a lack of liquidity due to the holiday-shortened week, but there may be some bullish activity [2] - The technical setup indicates a potential counter rally following a test of the 20-week moving average on the S&P 500, which historically leads to a bounce [4][5] AI Sector Insights - News flow regarding artificial intelligence (AI) deals and progress from companies is critical, with optimism surrounding Google's Gemini platform [3][7] - Alphabet's recent updates to its AI platform and a new cloud computing contract with NATO may provide positive momentum for the company [11][15] Sector Performance - Smaller sectors such as staples, materials, and healthcare may see increased interest from institutional investors looking to catch up on underperformance [8] - The healthcare sector could experience a rally if there is an extension of ACA subsidies, benefiting pharmaceutical stocks while health insurers may lag [9][10] Cryptocurrency Market - Bitcoin's price action is crucial, with a support level around 80,000 to 82,000; failure to hold this level could lead to a decline of 8,000 to 9,000 [16][17] - There has been significant outflow from cryptocurrency ETFs, indicating a potential deleveraging in the market [19] S&P 500 Levels - The S&P 500 is looking at an upside target of 6,700 and a downside target of 6,520, with a current VIX of 23 implying a 1.4% potential move [24][25]